Wednesday, July 31, 2013

Facebook refuses UN request on Somali pirates

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NAIROBI, Kenya ? United Nations investigators hoped they would get some help from Facebook when they asked to see information on suspected pirates operating in Somalia.

But Facebook refused.

A report by the U.N. Monitoring Group on Somalia and Eritrea this month pointed out that while many private companies helped in the group's investigative work on matters such as piracy, al-Qaida-linked militants and government corruption, Facebook provided no such assistance.

"Despite repeated official correspondence addressed to Facebook Inc., it has never responded to Monitoring Group requests to discuss information on Facebook accounts belonging to individuals involved in hijackings and hostage-taking," the report said.

Facebook said in a statement Tuesday that the U.N. group had no legal authority to demand data from the company. "We therefore declined their request and referred them to law enforcement authorities," the company said in an e-mailed statement.

Facebook's refusal to share information with U.N. investigators comes as reverberations continue from the disclosure by Edward Snowden, a former contractor for the National Security Agency, that the NSA has cooperated with companies as Yahoo, Google and Facebook to access emails, video chats and pictures. U.S. officials have said the program is narrowly focused on foreign targets, and technology companies say they turn over information only if required by court order.

"Facebook has faced such pressures relating to privacy and the use of account information in various jurisdictions, even just for marketing purposes, that I would expect them to be very cautious about sharing personal information even with a U.N. Monitoring Group," said Matt Bryden, a former coordinator of the Somalia monitoring group.

Pirates use social networks
The nearly 500-page U.N. report said that investigations have confirmed that numerous piracy facilitators "are interlinked through various communication channels and employ social network services, such as Facebook."

In any case, two Somali pirates who spoke to The Associated Press said pirates don't use social networks for piracy work.

"There are more personal accounts than general ones for the pirates," said Bile Hussein, a Somali pirate commander in Gracad, a pirate base in central Somalia by phone. "We use emails for deals."

"Many of us keep our distance away from the Internet to avoid getting tracked or captured," said another pirate, Hassan Abdi.

The U.N. Monitoring Group would have been interested in access to non-public phone numbers and email addresses that might be listed on Facebook accounts, or to see what "friends" a pirate might have, said Bryden, now the director of Sahan Research, a think tank focusing on peace and security in the Horn of Africa

A page in Facebook's "Safety Center" titled "Information for Law Enforcement Authorities" says that a valid subpoena in connection with a criminal investigation is required to compel the disclosure of basic subscriber records. If a matter could result in the imminent harm of a child or risk of death or serious injury, a law enforcement official is asked to contact Facebook.

The U.N. Monitoring Group does not have subpoena power. Bryden said international companies often resist, at least at first, assisting the U.N. group because the companies aren't familiar with its work or authority.

"All it has is the force of the Security Council mandate that requests all member states and private entities ... to assist the Monitoring Group's efforts, so cooperation varies considerably," Bryden said.

Bradley Shear, a Washington D.C.-based lawyer who runs a blog focusing on social media law, noted that Facebook frequently cooperates with U.S. law enforcement officials investigating issues surrounding child safety, but he speculated that Facebook may be reluctant to help a U.N. body because the U.N. is trying to become involved with Internet regulation.

Shear said Facebook is not likely to be legally culpable just because Somali pirates or members of al-Shabab use their social media platforms.

"In general, absent knowledge that illegal activity is occurring on your platform, social/digital media platforms have little legal liability for the illegal activity that is occurring on their websites," Shear wrote in an email. "However, there is a growing trend to hold social media/digital media operators accountable for the illegal content/activity on their websites if they turn a blind eye towards it."

Social media use by al-Shabab militants in Somalia is common. Twitter shut down the account of an al-Shabab spokesman earlier this year after the micro-blogging site was used to post a hostage video and death threat, posts that violated Twitter's terms of service.

A new Twitter handle that the U.N. Monitoring group believes is run by a British member of al-Shabab opened a short time later and remains in use.

Associated Press reporter Abdi Guled in Mogadishu, Somalia, and Technology Writer Barbara Ortutay in New York contributed to this report.

? 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Source: http://feeds.nbcnews.com/c/35002/f/663301/s/2f5ac54f/sc/11/l/0L0Snbcnews0N0Ctechnology0Cfacebook0Erefuses0Eun0Erequest0Esomali0Epirates0E6C10A7980A21/story01.htm

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Tuesday, July 30, 2013

Asia Markets: Japan, China stocks rebound; Australia erases loss

By V. Phani Kumar, MarketWatch

HONG KONG (MarketWatch) ? Japanese and mainland Chinese stocks rebounded from a string of losses Tuesday, with a weakened yen lifting exporters in Tokyo, while Australian shares climbed after the central bank governor hinted at further interest rate cuts.

Japan?s Nikkei Stock Average /quotes/zigman/2622475 HK:HSI +0.48% ?jumped 1.5%, snapping a four-day losing streak that pulled the benchmark to its lowest level in more than a month on Monday.

A visitor walks past logos at the Tokyo Stock Exchange in Tokyo.

South Korea?s Kospi /quotes/zigman/1652118 KR:SEU +0.90% ?ended 0.9% higher and the Shanghai Composite /quotes/zigman/1859015 CN:SHCOMP +0.70% rose 0.7%, while Hong Kong?s Hang Seng Index /quotes/zigman/2622475 HK:HSI +0.48% gained 0.5%.

In Australia, the S&P/ASX 200 /quotes/zigman/1653884 AU:XJO +0.02% overcame early losses to end little changed, and the local currency /quotes/zigman/4867876/sampled AUDUSD -1.5545% tumbled after a speech by Reserve Bank of Australia Gov. Glenn Stevens. Stevens said recent data don?t appear to shift the central bank?s assessment that the inflation outlook left some scope to ease its policy further, if needed.

?The Reserve Bank Governor has delivered his clearest statement yet that super low interest rates are likely to be part of the economic landscape over the coming year,? said Savanth Sebastian, an economist at CommSec.

Most banks erased losses in Sydney after Gov. Stevens?s speech, with National Australia Bank Ltd. /quotes/zigman/181126 AU:NAB +0.10% /quotes/zigman/181112/quotes/nls/nabzy NABZY -0.24% ?and Westpac Banking Corp. /quotes/zigman/181294 AU:WBC +0.13% ? /quotes/zigman/1470693/quotes/nls/wbk WBK +0.17% ?rising 0.1% each, while Commonwealth Bank of Australia /quotes/zigman/181773 AU:CBA +0.23% /quotes/zigman/181772/quotes/nls/cbauf CBAUF +3.20% ?rose 0.2%.

Shares of Woolworths Ltd. /quotes/zigman/128963 AU:WOW -1.63% ? /quotes/zigman/128962/quotes/nls/wolwf WOLWF +0.19% dropped 1.6% after the retailer reported only a modest sales growth in the fiscal fourth quarter.

The stocks performance in Asia followed a lower finish on Wall Street, after data showing U.S. pending home sales fell. The decline came as investors awaited the Fed?s decision, as well as Friday?s monthly nonfarm payrolls data for July.

The Fed is due to announce the outcome of its two-day policy meeting on Wednesday, with expectations that it will offer further clues on how long it will maintain its bond purchases. Also, results from two separate surveys on Chinese manufacturing activity in July are due out Thursday.

Meanwhile, Indian stocks and the rupee fell after the Reserve Bank of India left its policy interest rate unchanged, as expected, and added the central bank will roll back its recent measures to support the local currency once stability returned to the foreign exchange markets. The RBI also lowered India?s economic growth forecast for the year ending March 31 to 5.5% from 5.7% earlier.

The 30-stock S&P BSE Sensex /quotes/zigman/1652085 IN:1 -1.25% ?fell 0.7% in afternoon trade. Shares of Tata Motors Ltd. IN:500570 +2.14% ? /quotes/zigman/357190/quotes/nls/ttm TTM +0.40% ?fell 1.5% and aluminum producer Hindalco Industries Ltd. IN:500440 -4.03% gave up 4.5%, while ICICI Bank Ltd. IN:532174 -0.26% /quotes/zigman/257533/quotes/nls/ibn IBN -0.23% ?inched up 0.7%.

?The RBI decision to keep policy rates on hold primarily reflects their concerns about severe stress in the domestic foreign exchange market due to rupee depreciation,? Rajiv Biswas, chief economist for Asia Pacific at IHS Global Insight, said in emailed comments.

In Japan, a weakened yen provided a lift to shares of some exporters after recent heavy losses. Shares of Isuzu Motors Ltd. /quotes/zigman/193906 JP:7202 +4.97% /quotes/zigman/202869/quotes/nls/isuzy ISUZY -1.16% ?added 5% and Kobe Steel Ltd. /quotes/zigman/194440 JP:5406 +6.94% /quotes/zigman/128772/quotes/nls/kbsty KBSTY -0.96% ?jumped 6.9%.

Sony Corp. /quotes/zigman/197500 JP:6758 +2.92% /quotes/zigman/197524/quotes/nls/sne SNE -1.58% ?climbed 2.9% ahead of its earning results due on Thursday.

Your iPad Mini and Chinese factory workers

China Labor Watch alleges a number of breaches at China-based factories owned by Apple contractor Pegatron. The company stands accused of violating safety and environmental laws.

Sumitomo Mitsui Financial Group Inc. /quotes/zigman/310742 JP:8316 +0.90% /quotes/zigman/1557301/quotes/nls/smfg SMFG +1.74% ended 0.9% higher after its quarterly profit more than doubled.

On the downside, shares of Hitachi Construction Machinery Co. /quotes/zigman/198746 JP:6305 -3.00% /quotes/zigman/529196/quotes/nls/htcmy HTCMY +8.19% ?dropped 3% after its results fell short of expectations.

Official data released earlier Tuesday showed Japan?s industrial production unexpectedly fell a seasonally adjusted 3.3% in June from the level in May. Japanese household spending also declined, though the monthly unemployment rate eased to 3.9% from 4.1%.

The advance in Chinese equities was driven by gains in the beaten-down property sector. Shares of Gemdale Corp. /quotes/zigman/1867160 CN:600383 +2.99% ?jumped 3% and Poly Real Estate Group Co. /quotes/zigman/1873491 CN:600048 +1.86% ?added 1.9% in Shanghai, the yuan-denominated A shares of China Vanke Co. gained 1.2% in Shenzhen, and China Resources Land Ltd. /quotes/zigman/14892 HK:1109 +1.48% /quotes/zigman/14893/quotes/nls/crbjf CRBJF +7.28% ?rose 1.5% in Hong Kong.

Among other notable stock movers, shares of Yanzhou Coal Mining Co. /quotes/zigman/19637 HK:1171 -9.31% ? /quotes/zigman/1865654 CN:600188 -3.24% ? /quotes/zigman/213838/quotes/nls/yzc YZC -4.36% ?plunged 9.3% in Hong Kong and lost 3.2% in Shanghai after warning it expected to post a loss for the first half of 2013.

/quotes/zigman/2622475

HK : HangSeng Ind

Volume: 0.00

July 30, 2013 4:01p

/quotes/zigman/1652118

KR : S. Korea: KRX

Volume: 366.88M

July 30, 2013 6:03p

/quotes/zigman/1859015

CN : China: Shanghai

Volume: 77.22M

July 30, 2013 3:15p

/quotes/zigman/2622475

HK : HangSeng Ind

Volume: 0.00

July 30, 2013 4:01p

/quotes/zigman/1653884

AU : Australia: Sydney

Volume: 0.00

July 30, 2013 4:11p

/quotes/zigman/4867876/sampled

US : ICAP

Volume: 0.0000

July 30, 2013 5:58a

/quotes/zigman/181126

AU : Australia: Sydney

Volume: 4.21M

July 30, 2013 5:22p

Rev. per Employee

$859,193

/quotes/zigman/181112/quotes/nls/nabzy

US : U.S.: OTCBB

Volume: 27,906

July 29, 2013 3:56p

Rev. per Employee

$891,767

/quotes/zigman/181294

AU : Australia: Sydney

Volume: 5.53M

July 30, 2013 5:22p

/quotes/zigman/1470693/quotes/nls/wbk

US : U.S.: NYSE

Volume: 30,254

July 29, 2013 4:00p

/quotes/zigman/181773

AU : Australia: Sydney

Volume: 2.40M

July 30, 2013 5:22p

Market Cap

$118.72 billion

Rev. per Employee

$835,340

/quotes/zigman/181772/quotes/nls/cbauf

US : U.S.: OTCBB

Volume: 100.00

July 22, 2013 12:00a

Market Cap

$106.29 billion

/quotes/zigman/128963

AU : Australia: Sydney

Volume: 2.51M

July 30, 2013 5:22p

Rev. per Employee

$297,181

/quotes/zigman/128962/quotes/nls/wolwf

US : U.S.: OTCBB

Volume: 113.00

July 29, 2013 3:54p

Rev. per Employee

$307,692

/quotes/zigman/1652085

IN : India: Bombay

Volume: 0.00

July 30, 2013 3:13p

IN : India: Bombay

?? 296.05

+6.20 +2.14%

Volume: 732,410

July 29, 2013 12:00a

Market Cap

??858.86 billion

Rev. per Employee

??29.92M

/quotes/zigman/357190/quotes/nls/ttm

US : U.S.: NYSE

Volume: 786,781

July 29, 2013 4:03p

Rev. per Employee

$549,650

IN : India: Bombay

?? 90.60

-3.80 -4.03%

Volume: 1.20M

July 29, 2013 12:00a

Market Cap

??181.12 billion

Rev. per Employee

??39.85M

IN : India: Bombay

?? 929.90

-2.45 -0.26%

Volume: 307,066

July 29, 2013 12:00a

Market Cap

??1076.19 billion

Rev. per Employee

??11.97M

/quotes/zigman/257533/quotes/nls/ibn

US : U.S.: NYSE

Volume: 1.16M

July 29, 2013 4:02p

Rev. per Employee

$219,870

/quotes/zigman/193906

JP : Japan: Tokyo

Volume: 9.93M

July 30, 2013 3:00p

Market Cap

?1298.09 billion

Rev. per Employee

?63.43M

/quotes/zigman/202869/quotes/nls/isuzy

US : U.S.: OTCBB

Volume: 200.00

July 25, 2013 10:24a

/quotes/zigman/194440

JP : Japan: Tokyo

Volume: 158.00M

July 30, 2013 3:00p

Market Cap

?457.91 billion

Rev. per Employee

?46.37M

/quotes/zigman/128772/quotes/nls/kbsty

US : U.S.: OTCBB

Volume: 100.00

July 29, 2013 10:01a

Rev. per Employee

$564,838

/quotes/zigman/197500

JP : Japan: Tokyo

? 2,117.00

+60.00 +2.92%

Volume: 10.67M

July 30, 2013 3:00p

Market Cap

?2158.55 billion

/quotes/zigman/197524/quotes/nls/sne

US : U.S.: NYSE

Volume: 2.62M

July 29, 2013 4:04p

/quotes/zigman/310742

JP : Japan: Tokyo

? 4,505.00

+40.00 +0.90%

Volume: 9.87M

July 30, 2013 3:00p

Market Cap

?6504.66 billion

Rev. per Employee

?65.74M

/quotes/zigman/1557301/quotes/nls/smfg

US : U.S.: NYSE

Volume: 943,032

July 29, 2013 4:06p

Rev. per Employee

$793,462

/quotes/zigman/198746

JP : Japan: Tokyo

? 1,973.00

-61.00 -3.00%

Volume: 3.85M

July 30, 2013 3:00p

Market Cap

?442.28 billion

Rev. per Employee

?37.79M

/quotes/zigman/529196/quotes/nls/htcmy

US : U.S.: OTCBB

Volume: 391.00

July 24, 2013 9:46a

/quotes/zigman/1867160

CN : China: Shanghai

Volume: 46.89M

July 30, 2013 3:05p

Market Cap

?29.65 billion

/quotes/zigman/1873491

CN : China: Shanghai

Volume: 51.83M

July 30, 2013 3:04p

Market Cap

?72.02 billion

/quotes/zigman/14892

HK : Hong Kong

Volume: 8.17M

July 30, 2013 4:01p

Market Cap

HK$121.83 billion

Rev. per Employee

HK$2.58M

/quotes/zigman/14893/quotes/nls/crbjf

US : U.S.: OTCBB

Volume: 500.00

July 11, 2013 11:44a

/quotes/zigman/19637

HK : Hong Kong

Volume: 59.72M

July 30, 2013 4:01p

Market Cap

HK$48.40 billion

Rev. per Employee

HK$985,912

/quotes/zigman/1865654

CN : China: Shanghai

Volume: 11.02M

July 30, 2013 3:04p

Market Cap

?38.26 billion

Rev. per Employee

?799,317

/quotes/zigman/213838/quotes/nls/yzc

US : U.S.: NYSE

Volume: 423,067

July 29, 2013 4:06p

Rev. per Employee

$127,254

Varahabhotla Phani Kumar is a reporter in MarketWatch's Hong Kong bureau. Follow him on Twitter @MktwKumar.

Source: http://feeds.marketwatch.com/~r/marketwatch/software/~3/KzY8fHAVmlo/story.asp

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