Daily Masala

Here is what others are talking about this morning:

Asian shares slide as bank fears add to global gloom

Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets.

Crude prices jump nearly 6 percent, but outlook still bleak

Crude oil prices jumped almost 6 percent on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.

Dollar on track for steep weekly loss

The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency’s slid.

China’s follies lay steel giant ArcelorMittal low

A vast empire of steel controlled by billionaire Lakshmi Mittal is crumbling rapidly. ArcelorMittal SA, the company which blitzed its way to the top of the world’s steel industry by buying up stricken plants across the globe and turning them around, may well be the biggest victim of the global commodity crash that is fast acquiring the contours of a bloodbath.

Steel crisis: has the UK government let down industry over dumping?

After putting itself at the forefront of the fight to protect the British steel industry, the government is under fire again for not doing enough to prevent firm failures and job losses.

So who is not ‘dying’ in African mining? The answer may surprise you

Consider these numbers: Mineral export revenue for Zimbabwe, which forms the biggest source of foreign exchange, fell 7.2% in 2015, from $1.95 billion to $1.81 billion. Zimasco, the country’s biggest miner of ferrochrome, sacked most of its employees as output plummeted 48%.

NITI Aayog panel on farm sector to submit report by month-end 

A Niti Aayog panel on agriculture is likely to submit its final report, containing suggestions to re-invigorate farm and allied sectors, by the month-end.





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