Rabu, 26 September 2012

NST Online Business Times : latest

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NST Online Business Times : latest

Posted: 26 Sep 2012 06:43 PM PDT

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher, lifted by gains in most heavyweight stocks, dealers said.
As at 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.39 points better at 1,623.69 after opening 1.8 points higher at 1,621.1.

HwangDBS Vickers Research said against a weak external backdrop, Malaysian equities may remain under pressure today.

"On the chart, the key FBM KLCI could be swinging sideways with a marginal negative bias as the benchmark index may find immediate support at the 1,600 psychological mark," it said in a research note.

On Wall Street, investors' sentiment was hit by growing worries that there was still no solution in sight for the ongoing euro zone financial crisis.

"This led US equity indices to slip between 0.6 per cent and 0.8 per cent at the closing bell last night," it added.

The Finance Index surged 24.43 points to 14,4466.6, the Plantation Index fell 3.42 points to 8,239.33 and the Industrial Index rose 1.87 points to 2,793.

The FBM Emas Index added 27.34 points to 11,015.07, the FBM Mid 70 Index improved 22.27 points to 11,810.08 and the FBM Ace earned 1.97 points to 4,280.39.

Gainer led losers 101 to 75 while 140 counters were unchanged, 1,323 untraded and 25 others were suspended.

Turnover stood at 47.59 million shares worth RM28.51 million.
Actives, Harvest Court advanced one sen to 38.5, Astral Supreme earned half-a-sen to 29 sen, Key West Global shed two sen to 2.5 sen and Inix Technologies eased half-a-sen to 15 sen.

Heavyweights, Maybank added four sen to RM8.99, Axiata Group rose two sen to RM6.36 while Sime Darby and CIMB were both flat at RM9.79 and RM7.38, respectively. -- BERNAMA

US stocks slip on eurozone turmoil

Posted: 26 Sep 2012 04:48 PM PDT

NEW YORK: US stocks sank on Wednesday following the paths of markets in Asia and Europe amid a rise in turmoil in the eurozone.

Losses were broad-based, with most tech leaders and Dow blue chips losing ground.

At the end of trade, the Dow Jones Industrial Average was down 44.04 points (0.33 percent) at 13,413.51.

The S&P 500 lost 8.27 points (0.57 percent) at 1,433.32, while the Nasdaq Composite shed 24.03 points (0.77 percent) at 3,093.70.

"European markets were mostly lower coming into the open this morning, and that certainly put downward pressure on our markets," said Joe Bell of Schaeffer's Investment Research.

"Some malevolent forces are rearing their ugly head again," said Patrick O'Hare at Briefing.com.

"In particular, worries about the eurozone are front and centre as protests over austerity measures flare up in Spain and Greece. Meanwhile, the US equity market seems to be recoiling at the thought that central bank support might not be the saving grace many had hoped it would be."

Among large-cap shares, Bank of America slipped 1.2 percent, American Express 1.7 percent, Apple 0.9 percent and Oracle 1.9 percent.

Struggling Hewlett-Packard bucked the trend and added 2.4 percent after losing ground for a week.

BlackBerry maker Research in Motion surged 6.1 percent after saying it had added two million new subscribers since June, holding on in its fight against rival smartphone makers.

Yahoo! fell 0.4 percent to US$15.68 a day after new chief executive Marissa Mayer spelled out the company's mission to staff and announced a new chief financial officer.

Troubled electronics chain RadioShack gained 1.6 percent a day after the company sacked its chief executive and launched a search for a new leader.

Electric sports car maker Tesla fell 0.4 percent after its revelation on Tuesday of being well behind on its production schedule. -- AFP

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THE RACE: Obama, Romney blast replacement NFL refs - The Associated Press

Posted: 26 Sep 2012 08:56 AM PDT

THE RACE: Obama, Romney blast replacement NFL refs

By TOM RAUM, Associated Press – 11 minutes ago

President Barack Obama and Republican Mitt Romney are crisscrossing Ohio's prime swing-state turf with opposing views on almost everything under the sun. But they seem to agree on throwing a penalty flag on a shared gripe: those unpredictable replacement NFL referees.

And they're sure to find bipartisan agreement from hordes of voters.

"NFL fans on both sides of the aisle hope the refs' lockout is settled soon. -bo," Obama tweeted.

Romney echoed the sentiment. "I'd sure like to see some experienced referees with NFL experience come back," he said.

Both were referring to the use of replacement referees by the National Football League during its lock-out of regular officials since June.

Frustration simmering throughout the league and among fans for weeks exploded when a mistake by a replacement official decided the outcome of a televised Monday night football game between the Green Bay Packers and Seattle Seahawks — in the Seahawks' favor.

A last-second pile-up in the end zone was ruled a touchdown for the Seahawks, even though Packers players, their fans and much of the football-watching public saw a clear-cut interception by Green Bay.

Among the irate Packers fans was Wisconsin Rep. Paul Ryan, the Republican vice presidential nominee. "I mean give me a break," Ryan said while campaigning in Cincinnati. He called the ruling "really troubling" and cracked that "I half-think these refs work part-time for the Obama administration in the Budget Office."

With polls showing an Obama edge in Ohio, both presidential candidates were busy there on Wednesday.

During a bus-tour stop in Westerville, Romney predicted that the $16 trillion national debt would swell to almost $20 trillion if Obama wins. It was Romney's 10th visit to Ohio since clinching his party's nomination in May. Obama, on his 13th visit this year, had events in Bowling Green and Kent.

Follow Tom Raum on Twitter: http://www.twitter.com/tomraum. For more AP political coverage, look for the 2012 Presidential Race in AP Mobile's Big Stories section. Also follow https://twitter.com/APcampaign and AP journalists covering the campaign: https://twitter.com/AP/ap-campaign-2012

Iranian president accuses West of intimidation in UN address - CNN

Posted: 26 Sep 2012 09:08 AM PDT

Mahmoud Ahmadinejad, president of Iran, takes a seat with his delegation during the 67th session of the United Nations General Assembly on Wednesday, September 26, in New York. The event gathers more than 100 heads of state and government for high-level meetings on nuclear safety, regional conflicts, health and nutrition, and environment issues.

President of the Republic of Liberia Ellen Johnson-Sirleaf sits after addressing world leaders on Wednesday.

French President Francois Hollande, left, and his Egyptian counterpart, Mohamed Morsy, talk during a bilateral meeting on Tuesday, September 25.

Sheikh Hamad bin Khalifa Al Thani, emir of Qatar, arrives to address the U.N. General Assembly on Tuesday.

Brazilian President Dilma Vana Rousseff delivers her address to the General Assembly on Tuesday.

The president of Libya's parliament, Mohamed al-Magariaf, attends Tuesday's speeches.

United Nations Secretary-General Ban Ki-moon, standing, makes a toast during a luncheon on Tuesday as U.S. Secretary of State Hillary Clinton, left, looks on.

Indonesia's President Susilo Bambang Yudhoyono waits to address the General Assembly on Tuesday.

U.S. President Barack Obama addresses the United Nations General Assembly on Tuesday, September 25, in New York.

Obama speaks at the assembly on Tuesday.

U.S. first lady Michelle Obama, center, listens to her husband speak on Tuesday.

Afghan President Hamid Karzai attends Tuesday's speeches.

U.N. General Secretary Ban Ki-moon, second left, arrives on Tuesday.

Afghan President Hamid Karzai, center, arrives on Tuesday.

Palestinian Authority President Mahmoud Abbas, center, arrives at the United Nations on Tuesday.

HIDE CAPTION

World leaders at the U.N. General Assembly

STORY HIGHLIGHTS

NEW: Ahmadinejad says world powers are seeking to intimidate Iran and other nations
The U.S. delegation "has decided not to attend" Ahmadinejad's speech
He stirred controversy at the session when he said Israel has "no roots" in the Middle East
U.S. will do what's needed to stop Iran from getting nuclear arms, Obama said Tuesday

(CNN) -- Iranian President Mahmoud Ahmadinejad said his nation was committed to peace and accused world powers of double standards in pursuing an arms race, as he took to the stage Wednesday at the United Nations.

The address by the Iranian president on day two of the United Nations General Debate was widely expected to prove contentious, given his history of controversial statements.

Speaking from the assembly's iconic green marble podium Wednesday for the eighth and last time, Ahmadinejad told delegates that Iran has a "global vision and welcomes any effort intended to provide and promote peace, stability and tranquility" in the world.

However, an "arms race and intimidation by nuclear weapons and weapons of mass destruction by the hegemonic powers have become prevalent," he said, and Iran finds itself under threat from world powers seeking to impose their views.

"Continued threat by the uncivilized Zionists to resort to military action against our great nation is a clear example of this bitter reality," he said.

"A state of mistrust has cast its shadow on the international relations, whilst there is no trusted or just authority to help resolve world conflicts."

The place set aside for the U.S. delegation was empty as Ahmadinejad spoke.

The U.S. delegation "decided not to attend" Ahmadinejad's speech, according to Erin Pelton, a spokeswoman for the U.S. Mission to the United Nations.

"Over the past couple of days, we've seen Mr. Ahmadinejad once again use his trip to the U.N. not to address the legitimate aspirations of the Iranian people, but to instead spout paranoid theories and repulsive slurs against Israel."

Ahmadinejad was widely expected to serve up a rebuttal to a series of sharp jabs from Western leaders Tuesday, who accused him of fostering instability in the region by way of Iran's nuclear program and support of embattled Syrian President Bashar al-Assad.

While Iranian leaders say their nuclear program is for peaceful purposes, Western leaders believe Tehran wants to build a nuclear weapon. U.N. inspectors also have expressed doubts about the program's aims.

Ahmadinejad told delegates that the United Nations should be restructured, noting that many pressing global issues are the result of mismanagement, and that "self-proclaimed centers of power ... have entrusted themselves to the devil."

The world is at a "historic juncture" now that Marxist systems are virtually gone and "capitalism is bogged down in a self-made quagmire," he said, which could allow for other nations to "play a more active role" in global decision making.

Ahmadinejad's speech was not as provocative as some had predicted. Nonetheless, as he spoke, there was a demonstration against Iran outside the United Nations, with former New York Mayor Rudy Giuliani among the speakers.

Earlier this week, the Iranian president stirred controversy at the session when he declared that Israel has "no roots" in the Middle East.

President Barack Obama, who's campaigning for re-election, blasted Ahmadinejad the following day, suggesting that Iran and Syria are on the losing end of a sweeping tide of democracy in the region.

The United States "will do what we must to prevent Iran from obtaining a nuclear weapon," Obama said, reminding other leaders in attendance that a "nuclear-armed Iran is not a challenge that can be contained."

World leaders this week have discussed a range of issues like poverty, global warming, women's empowerment and the prospect of renewed conflicts in sub-Saharan Africa, but the Syrian civil war and violence in the Middle East and North Africa are expected to continue to dominate the proceedings.

Before Ahmadinejad's speech, Yemeni President Abdu Rabu Mansour Hadi took the podium Wednesday, reaffirming his nation's commitment to the fight against Islamic militants. He offered to talk with extremist groups, including al Qaeda, provided they put down their weapons and repent.

Meanwhile, U.N. Secretary-General Ban Ki-moon sought to keep world attention focused on the worsening crisis in North Africa's Sahel region, which has been plagued by a deadly mix of drought, famine and Islamic militancy.

"The Sahel is at a critical juncture," he said Wednesday. "Political turmoil, extreme climatic conditions and fragile economies are combining to create a perfect storm of vulnerability."

"The people and governments of the region need urgent international support," he added.

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Kredit: www.nst.com.my

Rabu, 26 September 2012