Khamis, 17 Oktober 2013

NST Online Business Times : latest

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FBM KLCI update: 9.30am

Posted: 17 Oct 2013 06:56 PM PDT

At 9.30am today, there were 173 gainers, 125 losers and 185 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,804.24 up 6.82 points, the FBMACE was at
5,528.49 up 32.69 points, and the FBMEmas was at 12,542.42 up 40.82 points.

Turnover was at 206.786 million shares valued at RM259.340 million.-- Bernama

Gold futures open higher

Posted: 17 Oct 2013 06:57 PM PDT

Gold futures contracts on Bursa Malaysia Derivatives were traded higher after the US lawmakers passed a temporary spending bill to avert a debt default, dealers said.

A dealer said further market action is expected when the US market opens later.

Spot month October 2013 edged up 18 ticks to RM134.10 a gramme while December 2013 gained 19 ticks to RM134.80 a gramme.

As at 9.17am, open interest totalled 470 contracts while turnover was 41 lots.-- Bernama

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NST Online Top Stories - Google News

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Obama: Americans are completely fed up with Washington - Chicago Tribune

Posted: 17 Oct 2013 08:55 AM PDT

WASHINGTON—

President Barack Obama said on Thursday that "Americans are completely fed up with Washington" a day after the latest fiscal impasse was narrowly averted and called for talks with Congress on the budget, immigration and farm legislation.

Hours after he signed into law a hastily arranged bill to end a 16-day government shutdown and head off a debt default, Obama said events over the last two weeks had inflicted "completely unnecessary" damage on the U.S. economy.

GOVERNMENT REOPENS

National parks, museums and monuments will begin reopening today as the federal government resumes operations after a late-night congressional deal to end the 16-day shutdown.

The White House budget office told hundreds of thousands of federal workers, the bulk of whom had been idle for the past 16 days, to be ready to return to work on Thursday.

On its website, the Smithsonian said all of its museums will be open on Thursday, with the National Zoo set to reopen Friday. National monuments -- including the Lincoln Memorial and the Washington Monument -- also are expected to begin welcoming back visitors on Thursday.

The Lincoln Home National Historic Site in Springfield also reopened Thursday morning.

Officials at Yosemite National Park announced that it reopened Wednesday night after Congress approved a deal to end the federal government shutdown.

Visitors can use public areas and roads immediately while other park facilities and services begin to reopen Thursday, park Supt. Don Neubacher said.

"We are excited to reopen and welcome visitors back to Yosemite," he said in a statement. "Autumn is a particularly special season to enjoy Yosemite's colorful grandeur."

The timetable for other national monuments to resume normal public hours remains unclear.

The National Park Service, which operates the monuments, still had not reactivated parts of its website early Thursday.

SHUTDOWN ENDS 

Congress approved a bill late Wednesday to fund the government and extend the federal government's debt ceiling and thus avoid a financial default. President Obama signed the bill in the early hours of Thursday. The legislative stalemate stemmed from budgetary disagreements over Obama's Affordable Care Act.

In the end, the Democratic-led Senate overwhelmingly passed the measure on a 81-18 vote, and the Republican-controlled House followed suit 285 to 144. Obama signed the 35-page bill just after midnight.

The down-to-the-wire deal, however, offers only a temporary fix and does not resolve the fundamental issues of spending and deficits that divide Republicans and Democrats. It funds the government until Jan. 15 and raises the debt ceiling until Feb. 7, so Americans face the possibility of another bitter budget fight and another government shutdown early next year.

Although the deal would only extend U.S. borrowing authority until the first week of February, the Treasury Department would have tools to temporarily extend its borrowing capacity beyond that date if Congress failed to act early next year. But such techniques eventually run out.

In addition to lifting the federal debt limit, the deal calls for creating a House-Senate bipartisan commission to try to come up with long-term deficit-reduction ideas that would have to be approved by the full Congress. Their work would have to be completed by Dec. 13, but some lawmakers say the panel faces an extremely difficult task.

Taking the podium in the White House briefing room on Wednesday night, Obama said that with final congressional passage, "We can begin to lift this cloud of uncertainty and unease from our businesses and from the American people."

"Hopefully next time it won't be in the 11th hour. We've got to get out of the habit of governing by crisis," Obama said. He outmaneuvered Republicans by holding firm in defense of "Obamacare" to win agreement, with few strings attached, to end the 16-day shutdown.

As he was walking out of the briefing room, a reporter asked if this would happen again in just a few months.

"No," he said, and continued walking.

Reuters and David Ng and Robert J. Lopez, the Los Angeles Times

Cory Booker: Mr. Mayor becomes Mr. Senator - Washington Post

Posted: 17 Oct 2013 08:48 AM PDT

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