Daily Masala

Here is what others are talking about this morning:

Gold hits three-month high on shaky global economy

Gold edged to a three-month high on Tuesday as weak global manufacturing activity underscored the challenges for the world economy, pushing investors towards safe-haven assets.

Asian shares slip as crude resumes drop

 Asian shares wobbled on Tuesday as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about global momentum.

Oil falls on China economic woes, rising OPEC supply

 Oil prices fell for a second session in Asian trade on Tuesday as worries about top energy consumer China and rising oil supply weighed on markets, although possible talks between OPEC and Russia on production cuts offered some support.

Japan Trading Houses Facing $13 Billion Hit on Commodity Misfire

 A handful of companies that have dominated almost every kind of raw-material business in Japan for decades may take as much as $13 billion in charges during the current fiscal year.

Goldman: Here’s Why Miners Have It Worse Than Oil Producers

 The nature of the metals and mining business—legal considerations combined with an ability to store excess supply for the long haul—means the industry faces a longer shakeout than in the energy sector.

Indian sugar mills lined up to sell one million tonnes: Trade body

Indian sugar mills have been contracted to sell one million tonnes of sugar in the 2015/2016 season and another million tonnes are expected to be lined up, the president of an industry body said on Monday.




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