Here is what others are talking about this morning:
Asian stocks dipped early on Wednesday amid smouldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight.
Gold was holding near a 7-1/2-month high on Wednesday as risk aversion sent investors to the safe-haven asset amid a tumble in global stock markets and concerns over the global economy.
Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session led by concerns over demand and weak equities.
AGL Energy Ltd., Australia’s largest electricity producer, plans to use its renewable energy fund unveiled Wednesday to kick-start development of as much as A$3 billion ($2.1 billion), focusing on large wind farms.
Copper continued its decline after Indonesia recommended Freeport-McMoRan Inc. resume shipments from its Grasberg mine, the world’s largest in terms of capacity, potentially swelling a global glut.
Anglo American Platinum Ltd., the world’s biggest producer of the metal, said profit fell 86 percent as it wrote down mines and operations by 14 billion rand ($876 million).
Crossing national boundaries, Small Tea Growers(STG) from almost all the tea growing countries of the world are going to form a common platform ‘Confederation of International Tea Small Holders ( CITES)’ soon to work with an objective of giving a boost to small tea farming sector that at present contributes around 65% to the total global tea production.
The Indian edible oil industry is the world’s fourth-largest after the US, China and Brazil, accounting for close to 9 per cent of global oilseeds production. India’s consumption of edible oils has seen a steady rise due to increasing household incomes, growing population and health awareness.