Here is what others are reporting this morning:
The Bank of Japan unexpectedly cut a benchmark interest rate below zero, stunning investors with a move aimed at shielding the country’s sluggish economy from volatile markets and slowing global growth.
“For anyone consuming oil, lower oil prices are a tax cut,” said U.S. Secretary of the Treasury Jacob Lew at the World Economic Forum in Davos.
The crisis in the European steel market seems to be taking a toll on the global ambitions of Indian producers
Flour millers in India have asked the government to scrap the 25 per cent import duty on wheat from April due to worries over a fall in output in 2016-17.
Wheat acreage down 4.4%, pulses’ nearly 3% this season
Wheat sowing in India has declined by 4.4 per cent in the winter season so far to 292.52 lakh hectares, while area under pulses is down by 2.74 per cent.
Russia said that OPEC had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help reduce a glut of crude and prop up sinking prices.