Rabu, 21 Ogos 2013

NST Online Business Times : latest

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KL shares open lower

Posted: 21 Aug 2013 06:57 PM PDT

Share prices on Bursa Malaysia opened bearish in early trading today, led by losses in index-linked counters.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 19.9 points lower at 1,724.95, after opening 17.51 points easier at 1,743.49.

Maybank shed 19 sen to RM9.81 while IOI Corp eased 12 sen to RM5.18. Both counters contributed 4.376 points to the index.

HwangDBS Vickers Research said the bears may return to the local bourse today with the benchmark FBM KLCI pulling back deeper towards the key support line of 1,720 ahead.

Overnight, Wall Street's major stock indices slipped between 0.4 per cent and 0.7 per cent.

This came after minutes of the last US Federal Open Market Committee meeting revealed that the policymakers were supportive of a move to reduce monetary stimulus if the US economy improved.

Back home, Bank Negara Malaysia revised downward the country's GDP's growth for this year to 4.5-five per cent from five-six per cent previously forecast.

"In terms of corporate actions, listed companies that reported below par quarterly financial results last evening included AirAsia and Boustead Holdings," said HwangDBS in a note today.

Weaker sentiment spilled over other Asian market as well.

Across Asia, Japan's Nikkei 225 was 1.10 per cent lower at 13,276.04, Hong Kong's Hang Seng Index shed 0.69 per cent to 21,817.73 and Singapore's Straits Times Index fell 1.20 per cent to 3,071.66.

On Bursa Malaysia, the Plantation Index slipped 76.14 points to 8,108.77, the Finance Index erased 201.43 points to 16,250.93 but the Industrial Index was up 3.55 points at 2,944.83.

The FBM Emas Index trimmed 129.17 points to 12,028.63, the FBM100 Index fell 125.55 points to 11,763.89 and the FBM 70 Index gave up 105.05 points to 13,797.14.

Market breadth was negative with losers outstripping gainers 347 to 21, while 117 counters were unchanged, 1,100 untraded and 18 others were suspended.

Turnover stood at 131.095 million shares worth RM133.734 million.

Among actives, The Media Shoppe and INS Bioscience were flat at nine sen and five sen, respectively.

MAS and Sona Petroleum shed one sen each to 33.5 sen and 42.5 sen, respectively, while Flonic Hi-Tec was 1.5 sen lower at 16.5 sen.

Heavyweights, Axiata was flat at RM6.65, YTL Corp shed one sen to
RM1.58 and CIMB fell seven sen to RM7.55.-- Bernama

Ringgit opens lower against US dollar

Posted: 21 Aug 2013 07:00 PM PDT

The ringgit opened lower against the US dollar on weaker demand for the local note, amid improving external environment, a dealer said.

The ringgit fell against the US dollar to 3.3150/3180 from 3.2930/2960 on Wednesday.

The dealer said investors' appetite shifted towards the greenback
following the release of the Federal Open Market Committee's July meeting minutes today.

"Federal officials were comfortable with Chairman Ben Bernanke's plan to start reducing bond buying later this year if the economy improves," he added.


Meanwhile, Bank Negara Malaysia Governor Zeti Akhtar Aziz said Malaysia was expected to maintain a current account surplus this year, and could cope with the current "highly destabilising" capital flows.

"This is not a new phenomenon. We coped with it before," she said, adding that the economy was expected to remain supported by strong domestic growth.

Sales of Malaysian bonds by foreigners, who held almost half of the country's government debt, could be absorbed by Malaysian institutions including the insurance industry, she said.

The ringgit depreciated against the Singapore dollar to 2.5828/5857 from 2.5745/5776 yesterday and was sharply lower against the yen at 3.3861/3899 from 3.3771/3819 on Wednesday.

The currency weakened against the British pound to 5.1777/1834 from 5.1601/1658 on Wednesday and fell against the euro to 4.4215/4265 from 4.4083/4133 yesterday.-- Bernama

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WikiLeaks soldier Manning sentenced to 35 years in prison - Reuters

Posted: 21 Aug 2013 08:11 AM PDT

U.S. soldier Bradley Manning is escorted into court to receive his sentence at Fort Meade in Maryland August 21, 2013. REUTERS/Kevin Lamarque

FORT MEADE, Maryland | Wed Aug 21, 2013 11:06am EDT

(Reuters) - Bradley Manning, the U.S. soldier convicted of the biggest breach of classified data in the nation's history by providing files to WikiLeaks, was sentenced to 35 years in prison on Wednesday.

Judge Colonel Denise Lind, who last month found Manning guilty of 20 charges including espionage and theft, could have sentenced him to as many as 90 years in prison. Prosecutors had asked for 60 years.

Manning, 25, will be dishonorably discharged from the U.S. military and forfeit some pay, Lind said. His rank will be reduced to private from private first class.

Manning would be eligible for parole after serving one-third of his sentence, which will be reduced by the time he has already served in prison plus 112 days.

Wearing his dress uniform, the slightly built Manning stood at attention as the sentence was read, seeming to show no emotion. As he was escorted out of the courtroom, supporters shouted "Bradley, we are with you."

Elizabeth Goitein, co-director of the Liberty and National Security Program at the Brennan Center for Justice, called the sentence "unprecedented" in its magnitude.

"It's more than 17 times the next longest sentence ever served" for providing secret material to the media, Goitein said. "It is in line with sentences for paid espionage for the enemy."

In 2010, Manning turned over more than 700,000 classified files, battlefield videos and diplomatic cables to WikiLeaks, the pro transparency website, in a case that has commanded international attention.

Defense attorneys had not made a specific sentencing request but pleaded with Lind not to "rob him of his youth."

Manning was working as a low-level intelligence analyst in Baghdad when he handed over the documents, catapulting WikiLeaks and its founder, Julian Assange, into the international spotlight.

The classified material that shocked many around the world included a 2007 gunsight video of a U.S. Apache helicopter firing at suspected insurgents in Baghdad. Among the dozen fatalities were two Reuters news staff. WikiLeaks dubbed the footage "Collateral Murder."

KEEPING SECRETS

The case highlighted the difficulty in keeping secrets in the Internet age. It raised strong passions on the part of the U.S. government, which said Manning had put American lives at risk, and anti-secrecy advocates, who maintained Manning was justified in releasing the information.

During a pretrial hearing, Lind had determined that the eventual sentence would be reduced by 112 days because of harsh treatment after his arrest in 2010. He likely will be imprisoned at the U.S. Disciplinary Barracks at Fort Leavenworth, Kansas.

A U.S. rights group has said Manning should be a candidate for this year's Nobel Peace Prize.

Human rights group Amnesty International called on U.S. President Barack Obama to commute Manning's sentence.

"Instead of fighting tooth and nail to lock him up for the equivalent of several life sentences, the U.S. government should turn its attention to investigating and delivering justice for the serious human rights abuses committed by its officials in the name of countering terror," said Widney Brown, senior director of international law and policy at Amnesty International.

Manning's trial at Fort Meade, Maryland, home of the ultra-secret National Security Agency, wound down as U.S. officials sought the return of Edward Snowden. The former NSA contractor, who disclosed details of secret U.S. programs that included monitoring the telephone and Internet traffic of Americans, has been given temporary asylum in Russia.

The Guardian said on Tuesday that British authorities had forced the newspaper to destroy materials leaked by Snowden.

(Additional reporting by Jim Finkle; Editing by Scott Malone and Jeffrey Benkoe)

New Details Show Broader NSA Surveillance Reach - Wall Street Journal

Posted: 21 Aug 2013 07:38 AM PDT

Article Excerpt

WASHINGTON—The National Security Agency—which possesses only limited legal authority to spy on U.S. citizens—has built a surveillance network that covers more Americans' Internet communications than officials have publicly disclosed, current and former officials say.

The system has the capacity to reach roughly 75% of all U.S. Internet traffic in the hunt for foreign intelligence, including a wide array of communications by foreigners and Americans. In some cases, it retains the written content of emails sent between citizens within the U.S. and also filters domestic phone calls made with Internet technology, these people say.

The NSA's filtering, carried out with telecom ...

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