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U.S. retail sales move higher; consumer spirits rise

WASHINGTON: U.S. retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter.

Libor-rigging scandal ... action at last

What Are We To Do?: TAN SRI LIN SEE-YAN
IT has dragged on for seven years. Much uncertainty remains. The writer first wrote about it in this column “The Libor Fuss” on Aug 25, 2012, with a follow-up “Libor Revisited” on Oct 6, 2012.

eBay to launch ad network for mobile app

EBay Inc plans to launch an advertising network for its mobile app, moving the company into the lucrative, fast-growing market for ads on devices such as smart phones and tablets.

Bulls may start charging again

REVIEW: It was yet another lifeless trading week for the local stock market amid a lack of catalysts to stimulate investor interest.

1MDB ventures into Sabah power sector

FEDERAL Government-owned 1Malaysia Development Bhd (1MDB) is on a roll, clinching project after project in the power sector.

Facebook draws some of YouTube's top content producers: WSJ

Facebook Inc has approached some of YouTube's biggest content producers to get them to distribute their videos on the social network, the Wall Street Journal said on Thursday, citing people familiar with the matter.

Japanese stocks high, Asian index down in early trade Friday

The dollar's gains on the yen were considered positive for Japanese exports, corporate earnings and equities. The broad Topix index added 0.3 percent, making its highest level since July 2008. Stocks elsewhere in the region fared less well as investors fretted that even the hint of a shift in Fed policy might spark a withdrawal of funds from emerging markets. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent at one-month lows.

Trading ideas: Freight Management, Tomei, Iris, Samudra, YTL Corp

KUALA LUMPUR: JF Apex Research expects Freight Management, Tomei, Iris and Kejuruteraan Samudra Timur to be among the stocks which could see trading interest on Friday.

Facebook draws some of YouTube's top content producers

NEW YORK: Facebook Inc has approached some of YouTube's biggest content producers to get them to distribute their videos on the social network, the Wall Street Journal said on Thursday, citing people familiar with the matter.

David Rosenberg: US stocks in correction, but bull market intact

NEW YORK: The US stock market has entered into a corrective phase, but the underlying bull market remains in place, David Rosenberg, chief economist and strategist of Canadian asset manager Gluskin Sheff, said on Thursday.