Ahad, 21 April 2013

NST Online Business Times : latest

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Posted: 21 Apr 2013 06:58 PM PDT

Shares in shipping firm MISC Bhd fell nearly 10 per cent on Monday after a revised US$3 billion privatization bid by state oil and gas company Petroliam Nasional Bhd (Petronas) fell through.

By the deadline on April 19, Petronas had only managed to lift its stake in MISC to 86.07 per cent, short of the required 90 per cent acceptance by shareholders the national oil firm needed to take MISC private, according to a stock exchange filing late Friday.

The shipping group earlier this month said Petronas' revised US$3 billion offer to buy out all remaining stock was not fair because it was lower than the combined valuation of its different divisions.

By 9.49am, MISC shares had slipped 9.6 per cent. The benchmark Kuala Lumpur stock index rose 0.1 per cent.-- Reuters

Ringgit opens mostly unchanged

Posted: 21 Apr 2013 06:48 PM PDT

The ringgit traded mostly unchanged against the US dollar in the earlier session today due to weaker support for the local note, dealers said.

At 9am, the ringgit was quoted at 3.0345/0365 to the greenback against Friday' s close of 3.0340/0370.

A dealer said amid quiet trading, investors remained on the sidelines ahead of the 13th General Election on May 5.

"In tandem with the weaker cash market, investors are also reducing their major positions in other riskier assets, including emerging currencies due to lack of internal and external catalysts," he added.

Regionally, the ringgit was traded higher against other major currencies.

It rose against the yen to 3.0391/0426 from 3.0591/0624 on Friday and surged against the British pound to 4.6161/6206 from 4.6602/6657 previously.

The ringgit appreciated against the euro to 3.9637/9669 from 3.9715/9763 previously, and was slightly better against the Singapore dollar at 2.4515/4545 from 2.4559/4597.-- Bernama

Kredit: www.nst.com.my

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Lawmakers Question FBI's Handling of Case - Wall Street Journal

Posted: 21 Apr 2013 09:31 AM PDT

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Russia's Islamist rebels say not at war with Washington - Reuters

Posted: 21 Apr 2013 09:16 AM PDT

By Thomas Grove

MOSCOW | Sun Apr 21, 2013 12:10pm EDT

(Reuters) - A group leading an Islamist insurgency against Russia said on Sunday it was not at war with the United States, distancing itself from last week's Boston Marathon bombing.

Ethnic Chechen Tamerlan Tsarnaev, 26, who was killed in a gunfight with police following a manhunt that shut down Boston on Friday, and his younger brother Dzhokhar, 19, are suspected of carrying out the attack last week.

A trip the elder Tsarnaev made last year to Russia's volatile North Caucasus, a mountainous region that stretches nearly between the Caspian and Black Seas, has aroused suspicions he might have made contact with militant groups that wage daily violence to establish an Islamist state there.

A statement from militants operating in Dagestan, where the brothers spent time as children, said the Caucasus Emirate which leads the insurgency and is headed by Russia's most wanted man Doku Umarov was not attacking the United States.

"We are fighting with Russia, which is responsible not only for the occupation of the Caucasus but for monstrous crimes against Muslims," said the statement said, which did not outright deny any links with the attacks or Tamerlan.

Media reports have said U.S. investigators are looking to see if there is a link between Tamerlan Tsarnaev and the Chechen-born Umarov, who was placed on the U.S. State Department's list of terrorists in 2010.

Insurgent violence, rooted in two separatist wars between Russian troops and Chechen separatists following the fall of the Soviet Union, occurs regularly across the North Caucasus near Sochi, where Moscow plans to hold the 2014 Winter Olympics.

The statement also cited a previously-released video in which Umarov, one of the last surviving original leaders of the Chechen rebellion that began in the early 1990s, issued a moratorium on attacks on civilians in Russia.

"Even regarding our enemy, the government of Russia, with which the Caucasus Emirate is fighting, the order from the Emir of the Caucasus Emirate Doku Umarov remains valid prohibiting strikes against civilian targets," the statement read.

The Caucasus Emirate claimed responsibility for a suicide bombing at Moscow's Domodedovo airport in January 2011 that killed 37 people and for suicide bombings on the Moscow subway that killed 40 people in 2010.

Although 124 people have died in the North Caucasus since the beginning of this year, according to website Caucasian Knot, which tracks the violence, the vast majority of deaths have been militants and security officers.

A combination of religious fervor and anger over corruption and strong arm tactics by local Kremlin-backed rulers against suspected militants are mostly responsible for driving youth into the ranks of the insurgency.

(Reporting by Thomas Grove; Editing by Jason Webb)

Kredit: www.nst.com.my

Ahad, 21 April 2013