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August, 24, 2016

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Business > Asia > Asian Market
Chinese independent oil companies are luring traders, marketers and risk managers away from dominant state behemoths, offering better pay and perks in a hiring spree triggered by the freeing up of China's crude import trade.
 
Asian stocks were on a weak footing on Wednesday as a slip in crude oil prices dampened investors' appetite for riskier assets, while the recently bullish U.S. dollar stalled against the euro and yen following a mixed bag of U.S. economic data.
 
Asian stocks rose on Tuesday, led by a surge in Shanghai, while the U.S. dollar edged higher as traders weighed the fallout from a likely U.S. interest rate rise this summer.
 
Asia stocks tilted upward Friday, shrugging off a weak lead from Wall Street as oil pulled back below US$50 a barrel, but remained cautious ahead of a speech from the U.S. central bank head.
 
Energy stocks jumped in Asia Thursday after oil surged past US$50 a barrel for the first time this year, providing a bright point as regional bourses generally took a breather.
 
Asian stocks jumped Wednesday after a strong lead from Wall Street and Europe, and as investors adjusted to the prospect of a U.S. rate rise in the near future.
 
Asian markets rallied Monday following last week's sharp losses, with Tokyo boosted by a report that Japan's prime minister plans to delay a planned sales tax increase.
 
Eight budget airlines from Southeast Asia, Japan and Australia said Monday they have formed what they called the world's largest alliance of low-cost carriers, enabling customers to book connections using a shared platform.
 
Asian stocks mostly fell on Thursday tracking a sell-off on Wall Street and oil consolidated after hitting a six-month high, but Tokyo's Nikkei bounced into positive territory thanks to a softer yen.
 
Asian markets tapered Wednesday after an early rally as nerves returned to trading floors, with a pick-up in the yen skimming Japan's Nikkei.
 
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