Shanghai plays catch-up with post-holiday rally Chinese equities surged on Thursday as trading resumed following a week-long holiday, while markets in the rest of the region put up a lackluster performance, shrugging off the positive cues from the mainland and Wall Street.
| By: Ansuya Harjani
UPDATE 1-China's international yuan payment system pursues world finance HONG KONG, Oct 8- China's central bank on Thursday launched a global payment system in a major step to facilitate yuan clearing transactions, bolstering Beijing's quest to internationalize its currency and challenge the primacy of the dollar in world finance. A total of 19 banks have been selected to participant in CIPS, eight of which are Chinese subsidiaries...
| By: Michelle Chen
UPDATE 1-Oil rebounds, shrugging of U.S. stockpile build With China open for business trading is likely to be more volatile in commodities, ANZ said in a morning note. U.S. crude was up 24 cents at $48.05 at 0245 GMT and traded as high as $48.39 earlier. Brent crude, the global oil benchmark, was up 21 cents at $51.54 a barrel and rose to as high as $51.89 in earlier trading.
| By: Aaron Sheldrick
Oil rebounds, shrugging of U.S. stockpile build TOKYO, Oct 8- Crude oil futures rose in early Asian trade on Thursday, shrugging off a surprise build in U.S. inventories as some Chinese traders returned following a weeklong National Day holiday period. With China open for business trading is likely to more volatile in commodities, ANZ said in a morning note. U.S. crude was up 50 cents, or 1.05 percent, at $48.31 at...
PRECIOUS-Gold slips on profit-taking but soft US jobs data supports *Gold dips 0.3 pct after 2.2 percent gain on Friday. SINGAPORE, Oct 5- Gold slipped on Monday on profit-taking, but largely retained gains from its biggest jump in nearly nine months in the previous session as weak U.S. jobs data eased fears the Federal Reserve would hike rates this year. Nonfarm payrolls rose by only 142,000 last month, below economist expectations...
| By: A. Ananthalakshmi