Selasa, 15 Januari 2013

NST Online Business Times : latest

0 ulasan
Klik GAMBAR Dibawah Untuk Lebih Info
Sumber Asal Berita :-

NST Online Business Times : latest


KL shares lower in early trading

Posted: 15 Jan 2013 06:22 PM PST

Share prices on Bursa Malaysia were traded lower in the early session Wednesday, dragged down by profit-taking in heavyweights, dealers said.

As at 9.22 am, The FTSE Bursa Malaysia KLCI (FBM KLCI) lost 6.21 points to 1,679.68 after opening 0.63 of a point higher at 1,686.52.

Elsewhere in regional markets, the US stocks were higher on upbeat retail data but in Japan shares fell on profit-takiing.

The Finance Index lost 40.62 points to 15,398.08 and the Industrial Index eased 15.17 points to 2,789.87.

The Plantation Index, however, dipped 20.46 points to 8,115.02.

The FBM Emas Index slipped 32.29 points to 11,426.19, FBMT100 declined 30.8 points to 11,273.65 and the FBM Mid 70 Index, however, rose 15.75 points to 12,455. The FBM Ace Index tumbled 3.76 points to 4,259.61.

Losers upstaged gainers by 110 and 106, while 186 counters were unchanged, 1,247 untraded and 23 others suspended.

Volume was at 213.8 million shares worth RM68.3 million.

Actives, Patimas Computers eased one sen to 17 sen, Krisassets Holdings added 16.5 sen to 22.5 sen, Alam Maritim Resources rose 3.5 sen to 89 sen and Asian Pac Holdings earned half a sen to 11 sen.

Maybank fell three sen to RM9.01, Sime Darby shed 13 sen to RM9.46, CIMB Group eased seven sen to RM7.60 and Axiata Group lost three sen to RM6.65.--Bernama

Dow, S&P 500 inch up

Posted: 15 Jan 2013 03:09 PM PST

NEW YORK: The Dow and S&P 500 edged higher on Tuesday after stronger-than-expected retail data, though tech heavyweight Apple dragged on the market for a third day.

Apple was the biggest weight on both the S&P 500 and Nasdaq 100 after reports on Monday of cuts to orders for iPhone parts. Shares declined 3.2 percent to US$485.92 and closed below US$500 for the first time since February.

Retail stocks advanced after a government report showing retail sales rose more than expected in December was seen as a favorable sign for fourth-quarter growth. A separate report showed manufacturing activity in New York state contracted for the sixth month in a row in January.

"A little better-than-expected news on retail sales once again reinforces that the consumer remains alive and reasonably well," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia, which manages about US$54 billion in assets.

Among retailers, American Eagle Outfitters Inc gained 4.8 percent to US$20.58 and Gap Inc rose 3.4 percent to US$32.46. The Morgan Stanley retail index advanced 1.5 percent.

The Dow Jones industrial average was up 27.57 points, or 0.20 percent, at 13,534.89. The Standard & Poor's 500 Index was up 1.66 points, or 0.11 percent, at 1,472.34. The Nasdaq Composite Index was down 6.72 points, or 0.22 percent, at 3,110.78.

Apple's stock has lost about 7 percent in the last three sessions and is down 8.7 percent since the start of the year.

"It's tough to discern exactly what's putting the pressure on it. But at the end of the day, its influence, considering it's still 3 1/2 to 4 percent of the S&P 500 index, is being felt," Luschini said.

"I attribute (it) to just some of the bloom coming off of the rose. They haven't necessarily done anything wrong, as much as others have caught up." -- Reuters

Kredit: www.nst.com.my

NST Online Top Stories - Google News

0 ulasan
Klik GAMBAR Dibawah Untuk Lebih Info
Sumber Asal Berita :-

NST Online Top Stories - Google News


France to stay in Mali until stability restored - Reuters

Posted: 15 Jan 2013 09:14 AM PST

French soldiers walk past a hangar they are staying at the Malian army air base in Bamako January 14, 2013. REUTERS/Joe Penney (MALI - Tags: CONFLICT MILITARY POLITICS)

BAMAKO/DUBAI | Tue Jan 15, 2013 12:13pm EST

(Reuters) - France will end its intervention in Mali only once stability has returned to the West African country, French President Francois Hollande said on Tuesday, raising the prospects of a costly, drawn-out operation against al Qaeda-linked rebels.

Paris has poured hundreds of soldiers into Mali and carried out air raids since Friday in the northern half of the country, which Western and regional states fear could become a base for attacks by Islamist militants in Africa and Europe.

Thousands of African troops are due to take over the offensive but regional armies are scrambling to accelerate the operation - initially not expected for months and brought forward by France's bombing campaign aimed at stopping a rebel advance on a strategic town last week.

"We have one goal. To ensure that when we leave, when we end our intervention, Mali is safe, has legitimate authorities, an electoral process and there are no more terrorists threatening its territory," Hollande told a news conference during a visit to the United Arab Emirates.

Foreign Minister Laurent Fabius, accompanying Hollande, said the offensive against the Malian rebels could take some time, and the current French level of involvement could last weeks. Elections, however, would take months to organize.

French aircraft earlier hit rebels with fresh air strikes and a column of dozens of French armored vehicles rumbled into the dusty riverside capital of Bamako overnight, bringing to about 750 the number of French troops in Mali.

Paris has said it plans to deploy 2,500 soldiers in its former colony to bolster the Malian army and work with the intervention force provided by West African states.

West African defense chiefs met in Bamako on Tuesday to approve plans for speeding up the deployment of 3,300 regional troops, foreseen in a United Nations-backed intervention plan to be led by Africans.

Nigeria pledged to deploy soldiers within 24 hours and Belgium said it was sending transport planes and helicopters to help, but West Africa's armies need time to become operational.

Mali's north, a vast and inhospitable area of desert and rugged mountains the size of Texas, was seized last year by an Islamist alliance combining al Qaeda's north African wing AQIM with splinter group MUJWA and the home-grown Ansar Dine rebels.

Any delay in following up on the French air bombardments of Islamist bases and fuel depots with a ground offensive could allow the insurgents to slip away into the desert and mountains, regroup and counter-attack.

The rebels, who French officials say are mobile and well-armed, have shown they can hit back, dislodging government forces from Diabaly, 350 km (220 miles) from Bamako on Monday.

Residents said the town was still under Islamist control on Tuesday despite a number of air strikes that shook houses.

An eye witness near Segou, to the south, told Reuters he had seen 20 French Special Forces soldiers driving toward Diabaly.

Malians have largely welcomed the French intervention, having seen their army suffer a series of defeats by the rebels.

"With the arrival of the French, we have started to see the situation on the front evolve in our favor," said Aba Sanare, a resident of Bamako.

QUESTIONS OVER READINESS

Aboudou Toure Cheaka, a senior regional official in Bamako, said the West African troops would be on the ground in a week.

The original timetable for the 3,300-strong U.N.-sanctioned African force - to be backed by western logistics, money and intelligence services - did not initially foresee full deployment before September due to logistical constraints.

Senegal, Burkina Faso, Niger, Nigeria and Guinea have all offered troops. Col. Mohammed Yerima, spokesman for Nigeria's defense ministry, said the first 190 soldiers would be dispatched within 24 hours.

But Nigeria, which is due to lead the mission, has already cautioned that even if some troops arrive in Mali soon, their training and equipping will take more time.

Sub-Saharan Africa's top oil producer, which already has peacekeepers in Sudan's Darfur and is fighting a bloody and difficult insurgency at home against Islamist sect Boko Haram, could struggle to deliver on its troop commitment of 900 men.

One senior government adviser in Nigeria said the Mali deployment was stretching the country's military.

"The whole thing's a mess. We don't have any troops with experience of those extreme conditions, even of how to keep all that sand from ruining your equipment. And we're facing battle-hardened guys who live in those dunes," the adviser said, asking not to be named because of the sensitivity of the subject.

FRENCH LINING UP SUPPORT

France, which has repeatedly said it has abandoned its role as the policeman of its former African colonies, said on Monday that the U.S., Canada, Denmark and Germany had also offered logistical support.

Fabius has said Gulf Arab states would help the Mali campaign while Belgium said on Tuesday it would send two C130 transport planes and two medical helicopters to Mali following a request from Paris.

A meeting of donors for the operation was expected to be held in Addis Ababa at the end of January.

Security experts have warned that the multinational intervention in Mali, couched in terms of a campaign by governments against "terrorism", could provoke a jihadist backlash against France and the West, and African allies.

U.S. officials have warned of links between AQIM, Boko Haram in Nigeria and al Shabaab Islamic militants fighting in Somalia.

Al Shabaab, which foiled a French effort at the weekend to rescue a French secret agent it was holding hostage, urged Muslims around the world to rise up against what it called "Christian" attacks against Islam.

"Our brothers in Mali, show patience and tolerance and you will win. War planes never liberate a land," Sheikh Ali Mohamud Rage, al Shabaab's spokesman, said on a rebel-run website.

U.S. officials said Washington was sharing information with French forces in Mali and considering providing logistics, surveillance and airlift capability.

"We have made a commitment that al Qaeda is not going to find any place to hide," U.S. Defense Secretary Leon Panetta told reporters as he began a visit to Europe. Panetta later said the U.S. had no plans to send troops to Mali.

"I don't know what the French endgame is for this. What is their goal? It reminds me of our initial move into Afghanistan," a U.S. military source told Reuters.

"Air strikes are fine. But pretty soon you run out of easy targets. Then what do you do? What do you do when they head up into the mountains?"

(Additional reporting by Elizabeth Pineau and Raissa Kasolowsky in Abu Dhabi; Felix Onuah in Abuja and Tim Cocks in Lagos; Abdi Sheikh in Mogadishu; Michelle Nichols Louis Charbonneau at the United Nations; Richard Valdmanis in Dakar; Joe Bavier in Abidjan; Jan Vermeylen in Brussels; Writing by Pascal Fletcher and David Lewis; editing by Richard Valdmanis and Giles Elgood)

Pakistan Supreme Court Orders Arrest of Prime Minister - New York Times

Posted: 15 Jan 2013 08:20 AM PST

ISLAMABAD, Pakistan — Pakistan's Supreme Court ordered the arrest of Prime Minister Raja Pervez Ashraf in a corruption case on Tuesday afternoon, in a drastic intensification of hostilities between the country's embattled government and its opponents.

The court order came as an enigmatic preacher turned politician, Muhammad Tahir-ul Qadri, addressed thousands of supporters outside parliament and repeated calls for the government's ouster. In earlier speeches, he said that a caretaker administration led by technocrats should take its place.

"Victory, victory, victory. By the grace of God," Mr. Qadri said at the conclusion of a speech to his supporters, who have vowed not to leave a public square outside Parliament until their demands are satisfied.

The confluence of the two events stoked growing speculation that Pakistan's powerful military was quietly supporting moves that would delay general elections that are due to take place this spring, most likely through the imposition of a military-backed caretaker administration.

It was not certain that the events were linked. Some analysts said that in ordering the prime minister's arrest, the court, which is led by the independent-minded chief justice, Iftikhar Muhammad Chaudhry, was simply taking advantage of anti-government sentiment generated by Mr. Qadri in order to pursue its longstanding grudge against President Asif Ali Zardari.

Whatever the motivations, the court's actions added to the chaos in Pakistan, a country whose nuclear arsenal and strategic interests in next-door Afghanistan has made it a nexus of intrigue in Asia.

In its order issued Tuesday, the Supreme Court ordered the National Accountability Bureau, a government body that investigates graft, to arrest Mr. Ashraf and 15 other senior current or former officials, including a former finance minister and a former finance secretary.

The case relates to allegations that Mr. Ashraf took millions of dollars in kickbacks as part of a deal to build two electricity power plants while serving as minister for water and power between March 2008 and February 2011. A court prosecution in the case been ongoing for over one year, so it was the timing of the arrest order that raised eyebrows.

It started in December 2011 when two senior opposition figures filed a petition against Mr. Ashraf in the Supreme Court; four months later the court ruled that the plants were illegal, ordered their closure, and instituted proceedings against Mr. Ashraf.

The case has particular political resonance because Pakistan's energy crisis, which has seen severe electricity rationing across the country, is the source of some of the main complaints against the government.

The information minister, Qamar Zaman Kaira, said the government had not received any official notification of the order to arrest Mr. Ashraf. Fawad Chaudhry, a senior adviser to the prime minister, said that any such order would be "illegal and unconstitutional."

"Under the law, the court cannot arrest him," he said.

President Zardari has called a meeting of senior advisers at his Karachi residence to discuss the crisis late Tuesday, Mr. Chaudhry added.

Mr. Ashraf's ouster would not necessarily collapse the government, as he could be replaced with another candidate, and the court order could be simply the latest salvo in a long-running conflict between Mr. Zardari and the court.

Last June, Justice Chaudhary forced the resignation of Mr. Ashraf's predecessor as prime minister, Yousaf Raza Gilani, in another corruption case. Whether there was a link between the court and Mr. Qadri's march on Islamabad — billed by the preacher as a "million man march" but in reality far smaller — was the subject of rampant public speculation.

Mr. Qadri stormed onto the political scene in Pakistan after returning home from a seven-year stint in Canada, where he also holds citizenship, armed with considerable funding that he has used for an intensive television advertising campaign and large rallies.

In his speech Tuesday, which was peppered with emotional Islamic references and delivered with some gusto, he demanded the immediate resignation of the government, and painted the political class as "criminals" who deserved to be prosecuted for corruption.

Salman Masood contributed reporting from Islamabad, and Waqar Gillani from Lahore, Pakistan.

Kredit: www.nst.com.my
 

NST Online

Copyright 2010 All Rights Reserved