Daily Masala

Asia slumps in holiday-thinned trade

Asian shares got off to a rocky start after mixed U.S. jobs data helped sink shares on Wall Street, but trade was thin with many regional markets closed for the Lunar New Year holiday.

Crude oil slips after Saudi, Venezuela meeting on prices yields little

Crude oil futures were mixed in early Asian trade after a meeting between OPEC producers Saudi Arabia and Venezuela to discuss coordination on prices ended with few signs there would be steps taken to boost prices.

Seven countries call for EU action to help steel industry

Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia.

Budget 2016: Agriculture Ministry seeks animal health card scheme 

Aiming to control animal diseases and boost milk output, India’s Agriculture Ministry has sought measures like a new scheme on animal health card, e-market platform for bovine germplasm and increase in allocation for Rashtriya Gokul Mission in Budget 2016.

India’s soyameal exports dip 92% to touch all time low

Soymeal exports touched an all time low of 7,707 tonnes in January this year, due to higher bean prices in the domestic market.

Low NAFTA Steel Shipments Contributes to ArcelorMittal Losses 

ArcelorMittal reported a net loss for 2015 of $7.9 billion which included impairment charges related to its mining business and write-down of inventory due to the decline of international steel prices. Net loss for fourth quarter was $6.7 billion.

Value of U.S. metal mine production drops 15%

The United States earned less from its mines in 2015 and became more reliant on outside sources for critical metals, according to a new report from the U.S. Geological Survey (USGS).

A Record Number of Investors Are Piling Into Oil

Money managers may not agree where oil prices are headed, but they are increasingly eager to place their bets. Total wagers on the price of crude climbed to the highest since the U.S. Commodity Futures Trading Commission began tracking the data in 2006.

 

 

 

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