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May, 1, 2016

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Business > Global Markets
The U.S. dollar struggled Friday as markets focus on U.S. jobs data later in the day, after the Federal Reserve chief threw cold water on hopes for an imminent rate hike.
 
Malaysia-based AirAsia, the region's biggest budget carrier by fleet size, said on Friday it plans to raise 1.0 billion ringgit (US$259 million) by selling shares to help cut its debt and finance the purchase of new aircraft.
 
Oil prices fell on Thursday as a smaller-than-expected increase in U.S. stockpiles was overshadowed by ongoing worries about a global supply glut while analysts said rises fueled by hopes over key output talks had mostly been factored in.
 
The U.S. dollar retreated against most emerging currencies Thursday, with the South Korean won rising sharply as the prospect of low U.S. interest rates boosting demand for higher-yielding assets.
 
Oil prices rose Wednesday on a weaker dollar after Federal Reserve chief Janet Yellen signaled a cautious approach to U.S. interest rate hikes, but gains were tempered by worries about a supply glut.
 
The U.S. dollar advanced against the yen and euro on Tuesday but edged broadly lower against other Asian currencies as dealers await a speech by Federal Reserve chief Janet Yellen.
 
Oil prices fell Tuesday on persistent concerns about a global oversupply and caution on the eve of key U.S. crude inventories data.
 
The American dollar extended a recent recovery Monday and Japanese stocks climbed as a better-than-expected jump in U.S. growth raised the prospect of another U.S. Federal Reserve rate hike, but Asia's other markets succumbed to afternoon selling.
 
The American dollar climbed against the yen and euro in Asia as an upward revision of U.S. economic growth increased the chances of another Federal Reserve interest rate hike.
 
Oil prices edged up in Asia on Monday, recovering slightly from last week's decline, but analysts said traders would likely delay any big moves until next month's meeting of key producers.
 
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