Daily Masala

Here is what others are talking about this morning:

EDF signs preliminary deal to build six nuclear plants in India

French utility EDF said it had signed a preliminary agreement with Nuclear Power Corp of India Ltd (NPCIL) to build six nuclear reactors at Jaitapur, in the west of India.

Asian stocks struggle as headwinds grow; gold shines

Asian stocks struggled to hold early gains, as several indicators screamed caution, and a relapse in oil prices made sentiment even more fragile ahead of a Federal Reserve policy statement due later.

Gold holds near 12-week high as dollar pressured ahead of Fed outcome

Gold stayed near a 12-week peak early on Wednesday, supported by a softer dollar as investors awaited the outcome of the Federal Reserve’s first policy meeting of the year.

U.S. crude drops over 3 percent as focus back on supply

U.S. crude oil futures dropped more than 3 percent in Asian trading on Wednesday to test the $30 a barrel level again, as profit taking wiped out most of the gains seen in the previous session linked to hopes for output cuts.

Firms accuse lobby of seeking price controls on cotton seeds

 At least 11 member companies of the National Seeds Association of India (NSAI) have written to the industry body alleging motivated lobbying by it with the Union government for a price control order for cotton seeds.

US, EU, others want work on ‘new issues’ at WTO

 A month after dismantling the Doha Development Agenda (DDA) trade negotiations in Nairobi, the US, the European Union (EU), Australia and Canada, among others, called for starting work on “new issues” in international trade at the World Trade Organization, according to several participants present at an informal meeting in Davos

Precious Metals Glitter as Haven in Rubble of Resources

As oil’s slump prolongs the worst resources rout since the 2008 financial crisis, the allure of precious metals is at least giving some commodity investors a return on their money.

U.S. Oil Explorers Seen Reporting $14 Billion in 2015 Losses

During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation.

 

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