Oil lingers near $75 in Asia as stock markets gain (AP)
AP - Oil prices lingered near $75 a barrel Friday in Asia, largely holding onto a big gain the day before as investors put a positive spin on U.S. economic reports and Asian stock markets rose.Payrolls seen falling, private hiring tepid (Reuters)
Reuters - U.S. employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure the Federal Reserve to prop up growth.Heavy in dollars, China warns of depreciation (Reuters)
Reuters - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
China approached Canadian fund on rival Potash bid (Reuters)
Reuters - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.
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