Breakfast briefing: Monday, November 21

Facebook Chief Executive Mark Zuckerberg(pic) will have to certify every three months that the company is properly safeguarding user privacy, a person briefed on the matter said.

MarketWatch: Trading volume on US markets is expected to be sparse this week around Thursday's Thanksgiving market holiday and Friday's shortened session. - Reuters

Energy

Oil prices rose around 1% on Monday as producer cartel Opec moved closer to an output cut to rein oversupply that has kept prices low for over two years. Brent crude oil futures LCOc1 were trading at US$47.35 per barrel at 0023 GMT, up 49 cents, or 1.05%, from their last settlement. Reuters

Top foreign stories

Dollar stands tall, hoisted by higher US yields on Trump bets: The US dollar nudged up to a six-month high in early Asian trading on Monday, as investors continued to back bets that the administration of President-elect Donald Trump would embark on expansionary fiscal policies and boost growth. - Reuters

Facebook's Zuckerberg discloses steps to fight fake news: Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the US presidential election, is taking a series of steps to weed out hoaxes and other types of false information, chief executive Mark Zuckerberg said in a Facebook post Friday evening. - Reuters

Top local stories

Bank Negara eases hedging rules: Bank Negara has unveiled a pilot programme for US dollar-ringgit and yuan-ringgit that allows companies to hedge their positions with minimal questions asked on the reasons for undertaking such transactions. StarBiz

Tong Guan expects double-digit growth: Packaging firm Thong Guan Industries Bhd is projecting a “double-digit percentage” growth in its revenue owing to orders for food wraps from its Asian customers.- StarBiz

KWAP seeks power assets: Retirement Fund Inc (KWAP), which manages RM120bil assets, is eyeing direct acquisitions in the power and transportation sectors. - StarBiz

Malaysian fintech firms to form association: Malaysian financial technology (fintech) firms are setting up their own umbrella body as a platform for these emerging companies to work with industry regulators and expand their business. - StarBiz