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Ex-Microsoft employee gets 2 years in prison for insider trades

SEATTLE: A former Microsoft Corp employee was sentenced to two years in prison on Friday for his part in an insider trading scheme that netted him and his partner more than $400,000.

Wall Street rebounds, erases week's losses with Russia news

NEW YORK: The S&P and Dow both posted their best day since March on Friday, with the market buoyed by news that Russia was ending military drills near the Ukrainian border, while investors overlooked U.S. air strikes in Iraq.

Pessimism spikes

REVIEW: Bursa Malaysia got off the week on a steadier note, with the bellwether FBM Kuala Lumpur Composite Index (FBM KLCI) rising 0.85 point to 1,864.19, rebounding from a two-day losses on bargain-hunting interest.

US growth deficit – too loose, too long

THE International Monetary Fund’s (IMF) latest July update downgraded its forecasts for the global economy which will now expand by 3.4% in 2014, down from 3.7% made in April 2014.

SoftBank chief mum on T-Mobile deal

The chief of Japanese mobile carrier SoftBank on Friday brushed aside questions about a plan to buy T-Mobile, in his first public comments since a report said that he had called off the deal.

Yahoo! to join Google to create spy-free e-mail systems: WSJ

Yahoo! Inc said it will join Google Inc to create a secure e-mail system by next year that could make it nearly impossible for hackers or government officials to read users' messages, The Wall Street Journal reported.

Asian shares skid as Obama confirms air strikes on Iraq

TOKYO: Asian shares tumbled on Friday as investors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after US President Obama said he had authorised air strikes in Iraq.

Asian shares skid as Obama confirms air strikes on Iraq

TOKYO Asian shares tumbled on Friday as investors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after U.S. President Obama said he had authorized air strikes in Iraq.

Trading ideas: PetDag, TMC, DRB-Hicom, KNM

KUALA LUMPUR: JF Apex Research expects Petronas Dagangan, TMC Life Sciences, DRB-Hicom and KNM to see trading interest on Friday.

European stocks slump after Russia sanctions

NEW YORK: European shares slumped and the euro lost ground on Thursday and investors moved to safe-haven government debt after a stronger-than-expected move by Russia to ban certain imports from Europe and the United States.