Isnin, 29 April 2013

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Business Times : latest

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Business Times : latesthttp://www.btimes.com.my enTuesday, April 30, 2013, 08.16 AMRinggit opens sharply higherhttp://www.btimes.com.my/articles/20130430101245/Article/ http://www.btimes.com.my/articles/20130430101245/Article/Tue, 30 Apr 2013 10:12:45 +0800The ringgit opened sharply higher against the US dollar spurred by higher buying interest as investor confidence in the country's economy grew higher, a dealer said. At 9.29am, the ringgit was quoted at 3.0295/0315 versus the greenback against yesterday's close of 3.0315/0345. The dealer said investors' focus was shifted towards the local note as the Malaysian economy was well on track to achieve 5-6 per cent growth this year. Meanwhile, the ringgit was traded mostly higher against other major currencies. The local note weakened against the Singapore dollar to 2.4560/4578 from 2.4557/4583 yesterday but rose against the euro to 3.9653/9688 from 3.9673/9719 on Monday. It rose sharply against the Japanese yen to 3.0888/0918 from Monday's 3.1006/1043 and appreciated against the British pound to 4.6912/6949 from 4.7046/7108 yesterday.-- Bernama Short-term rates to remain stablehttp://www.btimes.com.my/articles/20130430101454/Article/ http://www.btimes.com.my/articles/20130430101454/Article/Tue, 30 Apr 2013 10:14:54 +0800Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to mop up excess liquidity from the financial system. The central bank estimated today's liquidity at RM34.044 billion in the conventional system and RM8.705 billion in Islamic funds. Bank Negara will call for three Al-Wadiah tenders, namely RM2.05 billion for seven days, RM1.2 billion for 14 days and RM700 million for 28 days. The central bank will also conduct a RM9 billion range maturity auction programme for between two days and 92 days, as well as, a RM200 million Commodity Murabahah Programme each for 10 days and 36 days, respectively. At 4pm, Bank Negara will conduct up to RM25.1 billion in conventional overnight tender and a RM5 billion Al-Wadiah overnight tender.-- Bernama KL shares opens easierhttp://www.btimes.com.my/articles/20130430094208/Article/ http://www.btimes.com.my/articles/20130430094208/Article/Tue, 30 Apr 2013 09:42:08 +0800Bursa Malaysia opened easier this morning despite the positive overnight performance posted by Wall Street, dealers said. After six minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.3 points lower at 1,704.67, after opening 2.61 points higher at 1,710.58. Market breadth, however, was positive with 61 gainers, 41 losers and 105 counters unchanged, 1,402 counters untraded and 35 others were suspended. HwangDBS Vickers Research said Wall Street's barometers climbed between 0.7 per cent and 0.8 per cent as sentiment was boosted by better housing data and expectations that the Federal Open Market Committee would reaffirm their monetary stimulus measures when policymakers meet today and tomorrow. "The positive external vibes could pave the way for our local bourse to show an upward bias today. "On the chart, the key FBM KLCI may pull away from the psychological mark of 1,700 points, possibly advancing towards the resistance threshold of 1,720 points ahead," HwangDBS said in a note. On the score board, the Finance Index increased 1.73 points to 15,913.2, the Plantation Index rose 7.99 points to 8,064.57 but the Industrial Index fell 17.36 points to 2,828.38. The FBM Emas Index erased 15.51 points to 11,634.17, the FBMT100 lost 16.39 points to 11,475.29, and the FBM Ace Index slipped 5.17 points to 3,963.7. However, the FBM Mid 70 Index gained 5.92 points to 12,850.53. Turnover stood at 16.526 million shares worth RM23.958 million. Among actives, Kumpulan Hartanah Selangor rose 3.5 sen to 67 sen, SapuraKencana gained two sen to RM3.12, Pelikan added 1.5 sen to 53 sen while Censof was flat at 46.5 sen. Heavyweights, Maybank improved three sen to RM9.57. Both, Axiata Group and Petronas Chemicals shed one sen each to RM6.76 and RM6.48, respectively, CIMB Group slipped two sen to RM7.70 and Sime Darby eased four sen to RM9.40.-- Bernama S&P 500 closes at recordhttp://www.btimes.com.my/articles/20130430101016/Article/ http://www.btimes.com.my/articles/20130430101016/Article/Tue, 30 Apr 2013 10:10:16 +0800NEW YORK: The SandP 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index's sixth rise in the past seven sessions. Stronger-than-expected housing data also boosted the market, as did Italy's formation of a new government, ending months of uncertainty and raising hopes for new policies to promote growth in the euro zone's third-largest economy. Pressure has grown on the European Central Bank to lower interest rates with the euro zone mired in recession. Money market traders are evenly split on whether the ECB will cut rates at its meeting on Thursday, according to a Reuters poll. Wall Street followed European stocks higher as Italian Prime Minister Enrico Letta urged a focus on growth policies and away from austerity measures in his inaugural speech. "After the election there was a lot of uncertainty about whether Italy could form a government, so now there is not only a great deal of relief over that, but also expectations for additional monetary policies from the ECB," said Alec Young, global equity strategist at SandP Equity Research in New York. The Dow Jones industrial average was up 106.20 points, or 0.72 per cent, at 14,818.75. The Standard and Poor's 500 Index was up 11.37 points, or 0.72 per cent, at 1,593.61. The Nasdaq Composite Index was up 27.76 points, or 0.85 per cent, at 3,307.02. The US Federal Reserve will also meet this week for a two-day session beginning on Tuesday. The Fed is expected to maintain its stimulus policy. Data on Monday showing muted inflation gave the Fed room for accommodative measures. Also lifting markets was Apple Inc, which jumped 3.1 per cent to US$430.12 after taking initial steps for what would be its first debt sale. Technology stocks rose 1.7 per cent, making the sector the best-performing on Monday. Among energy shares, Chevron Corp rose 1.1 per cent to US$121.32. A report showed contracts to buy previously owned homes rose last month to their highest level since April 2010, showing underlying strength in the housing market recovery, even though the pace of sales growth has cooled in recent months. The SandP 500 closed just barely above its previous record hit earlier this month of 1,593.37. "The market's trend continues to be higher, but it is still attractive at these valuations," said Young, who has a 12-month target of 1,670 for the SandP. About 71 per cent of New York Stock Exchange-listed companies closed higher while 65 per cent of companies traded on the Nasdaq ended in positive territory. Volume was light, with about 5.10 billion shares changing hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, below the daily average so far this year of about 6.36 billion shares. Moody's Corp was the SandP 500's top percentage gainer, jumping 8.3 per cent to US$59.69 after the company settled a lawsuit alleging that it had misled investors about the safety of risky debt vehicles it had rated. McGraw-Hill Cos, whose Standard and Poor's unit said it settled similar suits, rose 2.8 per cent to US$53.45. Roper Industries Inc fell 3.8 per cent to US$118.68 after reporting first-quarter revenue that missed expectations, though it raised its full-year profit outlook. Of the 274 companies in the SandP 500 that have reported earnings to date for current season, 69 per cent have beat analysts' expectations and 43.2 per cent have reported revenue above expectations. The second half of the earnings season may not be as strong as the first one, data showed.-- Reuters
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Ricin suspect ordered held without bond - CNN

Posted: 29 Apr 2013 09:02 AM PDT

STORY HIGHLIGHTS
  • NEW: More details of investigation could be unsealed as soon as today, officials say
  • Magistrate orders James Everett Dutschke held without bond
  • Dutschke is charged with possessing and using ricin as a weapon
  • He is accused of sending letters containing ricin to President Barack Obama and others

Oxford, Mississippi (CNN) -- The Mississippi man accused of making a potent toxin found in letters mailed to President Barack Obama and other officials will be held without bond pending a preliminary hearing later this week, a federal magistrate ruled Monday.

Federal authorities arrested James Everett Dutschke, 41, Saturday on charges of possessing and using ricin after initially charging -- and then clearing -- another man with whom Dutschke has sometimes feuded.

Wearing an orange jumpsuit, his hands and feet shackled as he entered the room, Dutschke told Magistrate S. Allan Alexander that he understood what he had been charged with.

His attorney, George Lucas, told Alexander that they had not yet had time to go through the complaint.

Alexander agreed to order Dutschke held without bond on the grounds that he could be a danger to the community or could try to run. She set his preliminary hearing for Thursday.

Both Lucas and Assistant U.S. Attorney Chad Lamar declined to comment after the hearing.

While the snappy eight-minute hearing produced no new details, the public could learn more about the accusations when the criminal affidavit in support of the complaint is unsealed. That could happen as early as Monday, according to the court clerk and a U.S. attorney.

Dutschke's arrest was the latest head-scratching twist in what could be a tale of small-town intrigue that blew up to become international news.

The letters -- sent to Obama, Wicker and Holland -- arrived April 16 and touched off anxieties in Washington and elsewhere in the wake of the bombing of the Boston Marathon. The two incidents were unconnected, officials said.

Before police settled on Dutschke as a suspect, they took into custody a Corinth, Mississippi, man named Paul Kevin Curtis, who makes his living impersonating Elvis, Buddy Holly and Randy Travis.

Curtis vehemently denied sending the letters, said he was framed and identified Dutschke as a potential culprit.

What is ricin?

The ties that bind

Dutschke used to work for Curtis' brother at an insurance company, under the direction of Curtis' ex-wife.

Curtis has said that while Dutschke worked for his brother, the two talked about collaborating on the publication of a book but later had a falling out.

He has accused Dutschke of stalking him online, a claim the latter has denied.

In an April 22 court hearing before the charges were dropped, Curtis said he was being framed and identified Dutschke as a potential culprit.

Dutschke told reporters last week that he did not know Curtis well.

"He's just a little nutty," he said. "I don't have a relationship with him."

The ties that bind II

So where do the lawmakers fit in?

Dutschke can be linked to Sadie Holland through her son, Democratic state representative Steve Holland.

Dutschke failed in a bid as a Republican to unseat the younger Holland.

As for Curtis, Sadie Holland presided over a 2004 assault hearing involving Curtis, who says he has been in jail "over 20 times," but never convicted.

And Sen. Roger Wicker?

Dutschke said he once met Wicker.

Suspect No. 1

The letters read, in part: "To see a wrong and not expose it, is to become a silent partner to its continuance."

They were signed "I am KC and I approve this message," a source told CNN.

Each letter had a Memphis, Tennessee, postmark and no return address.

The very next day, authorities arrested Curtis.

His attorney, Christi McCoy, said he'd been framed by someone who used several phrases Curtis likes to use on social media.

The FBI said the letters tested positive for ricin, a toxin derived from castor beans that has no known antidote.

The very next week, authorities dropped the charges against Curtis after they said they had new information.

"I think now, how many people are thrown in jail because of circumstantial evidence and someone can frame you that easily," he told CNN last week after being cleared.

Suspect No. 2

The feds then turned their attention to Dutschke.

Agents searched his residence and former martial arts studio. Dutschke told CNN affiliate WMC-TV that he agreed to the FBI search "to help clear my name."

"I had absolutely nothing to do with those letters," he said.

Early Saturday, he was arrested without incident at home. He was charged with possession and use of a biological agent as a weapon in connection with the letters.

More trouble

This isn't his only brush with the law.

Dutschke faces molestation charges in an unrelated case.

According to a grand jury indictment handed up this month and obtained by CNN, Dutschke is accused of molesting three girls under the age of 16. He has repeatedly denied the charges in interviews with local media and pleaded not guilty in court this month.

Dutschke closed his tae kwon do studio after the allegations were made public.

Dutschke was previously convicted on indecent exposure charges in another case and sentenced to 90 days in jail.

A song in his heart

As for Curtis, he told CNN he's "just glad it's over."

When he learned Dutschke had been arrested, he took a deep breath and felt like "a weight had been taken off."

"I just want to return to my kids and my music," Curtis said.

During another interview with CNN last week, he said the public attention could "thrust him into the limelight."

And then, at the urging of reporter Chris Cuomo, he burst into song.

A rousing rendition of Randy Travis' "On the Other Hand."

CNN's Vivian Kuo reported from Oxford, Mississippi; Rich Phillips and Alina Machado from Booneville, Mississippi. Ed Payne wrote from Atlanta. CNN's Chelsea J. Carter and Dana Ford contributed to this report.

Student shoots himself in Ohio classroom, police say - CBS News

Posted: 29 Apr 2013 09:17 AM PDT

CINCINNATI A student at an all-male parochial high school pulled out a gun in a classroom Monday morning and shot himself in an apparent suicide attempt, police said.

The youth was taken to a hospital, and there appeared to be no threat to other students at La Salle High School, a private school west of Cincinnati that was immediately put on lockdown as a precaution, police said.

At around 8 a.m., "a student produced a gun inside one of the classrooms and shot himself, and we're dealing with that now," Green Township Police Chief Bart West told reporters. School officials said the shooting was during the first class period of the day.

West said the student apparently was trying to kill himself, but he had no other information on why he fired the shot. He said authorities weren't aware of any threats made concerning the school or any other students. Authorities said all other students were safe.

Students, some in tears, gathered in the school gym, and school officials said they were organizing an orderly dismissal as parents came to pick them up.

A school official said counselors were meeting with students, and officials were talking to students to try to learn more about the student who fired the shot.

"We just ask that you pray for him and his family," said Greg Tankersley, La Salle's director of community development. "It's a tragic situation for this young man."

He said the youth was "fighting for his life." A message was left at the University of Cincinnati Medical Center about the student's condition.

Dispatchers told CBS affiliate WKRC that a number of students at the school called 911 to report the shooting. One of the students who called 911 told dispatchers that the shooting happened in a third-floor classroom.

The Roman Catholic Archdiocese sent additional counselors to the school, he said, and a priest went to the hospital where the student was taken. Tankersley said he wouldn't release other information about the student at this point.

In the aftermath of last year's fatal shootings of three students in Chardon High School in northeast Ohio and December's Sandy Hook Elementary shooting rampage in Connecticut, most schools have taken steps to increase security. In Ohio, that's included taking shooting prevention and response training courses offered by the state attorney general and updating safety procedures with police.

"We always have concerns about school security," West said, but he added that La Salle "did an excellent job" in responding Monday. He said township police had met recently with school officials to review their safety plan.

"We're going to go back and look at everything," Tankersley replied when asked about a gun getting into the school. But he added that Monday's top priority was the condition of the wounded student and the well-being of the others.

Police are on the scene after a La Salle High School student reportedly shot himself in front of a classroom of students.

/ WKRC
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