Daily Masala

This is what others are talking about this morning:

Oil prices jump, shrug off equity slump and glut concerns

Crude oil prices jumped as much as 2 percent in early Asian trade on Tuesday, shrugging off big drops in Japan’s stock market and eroding some of the previous session’s losses that were driven by festering concerns about global oversupply.

Stocks dumped for safe havens as bank fears flare

Asian share markets were scorched on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe haven assets.

Gold holds near seven-and-a-half-year month peak as equities tumble

Gold stayed near its highest since June at close to $1,200 an ounce on Tuesday, buoyed by uncertainty over global growth that has kept stock markets under immense selling pressure.

Beefing Up Down Under: Australia Enjoys New Boom in China Demand

In the restaurants of Beijing and Shanghai, patrons are asking where’s the beef. The question is proving a boon for Aussie ranchers like Sam Burton-Taylor, who is shipping ever-larger quantities of meat to satisfy the voracious appetite of China’s growing middle class.

Gold Traders Are Betting on a Bigger Comeback

 Gold just reached its highest price in seven months, and investors are betting there are more gains to come by April.

LafargeHolcim receives revised divestment order from India

LafargeHolcim has received a revised order from the Competition Commission of India (CCI) to divest its interest in Lafarge India, including three cement plants and two grinding stations with total annual capacity of 11 million tons, it said.

India’s steel imports fall for third month in Jan as import tax trims buys

India’s steel imports fell for the third straight month in January, provisional government data showed, as a tax on some steel products last year cut cheap overseas purchases that have been pressuring the sector.
IARI releases seven new varieties of crops 

In a sign of the strength of India’s public research institutions, Indian Agricultural Research Institute (IARI) released seven new varieties of field crops including wheat, rice, chickpea, pigeon pea and mustard and identified 11 varieties of high-yielding agricultural and horticultural produce during 2015.


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