Jumaat, 8 November 2013

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Posted: 08 Nov 2013 03:37 PM PST

NEW YORK CITY: US stocks roared higher on Friday after jobs growth in October widely topped forecasts, lifting the Dow to an all-time closing high.

The Dow Jones Industrial Average surged 167.80 points (1.08 per cent) to 15,761.78, topping the blue-chip index's record close two days ago. The broad-based S&P 500 Index advanced 23.46 (1.34 per cent) to 1,770.61, while the tech-rich Nasdaq Composite added 61.90 (1.60 per cent) at 3,919.23.

Stock markets rebounded from Thursday's steep losses after the Labor Department reported the US economy added 204,000 jobs in October, double what analysts forecast, and revisions to the previous two months added another 60,000 jobs.

"Investors may have begun to price in expectations for when the Federal Reserve will begin its tapering process" for its monetary stimulus, Charles Schwab & Co. said in a market note.

There was good news, too, on personal incomes, which rose a more-than-expected 0.5 per cent in September, the Commerce Department reported separately, while personal spending edged up 0.2 per cent.

The positive data offset a fall in the University of Michigan's consumer sentiment index for November, to 72.0 from 73.2 in October.

Financial shares were in demand. On the Dow, JPMorgan Chase led the gainers, soaring 4.5 per cent. Goldman Sachs added 2.2 per cent and American Express rose 1.1 per cent.

Twitter dived on its second day of trade after a blockbuster Wall Street debut. Shares in the messaging service, which has not made a profit, dropped 7.2 per cent to close at US$41.65. On Thursday the stock shot up 73 per cent to US$44.90, from the initial public offering price of US$26.

Dow member The Walt Disney Co. surged 2.1 per cent after reporting a better-than-expected fiscal fourth-quarter, with earnings of 77 cents a share beating estimates by a penny.

McDonald's, another Dow member, slipped 0.2 per cent. The fast-food giant reported global comparable store sales rose 0.5 per cent in October.

"We cannot figure out how it can maintain any future growth at this rate, compared to the past decade," said Jon Ogg of 24/7 Wall St. -- AFP

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Typhoon Haiyan slams the Philippines - Washington Post

Posted: 08 Nov 2013 09:27 AM PST

epa03903868 Elephants lock horns as they greet each other at dawn in the Amboseli National Park in southern Kenya, 09 October 2013. Kenya's wildlife authority Kenya Wildlife Service (KWS) and Tanzania's government agencies, joined by various wildlife NGOs such as African Wildlife Foundation (AWF), have begun on 09 October a week long aerial census of elephants and other large mammals in the shared ecosystem of the Amboseli-West Kilimanjaro and Natron-Magadi landscape in an effort to establish the populations and trends of animals to help the authorities in making conservation and management policies for the ecosystem. Several aircrafts are deployed to cover the 25,623 km2 area in total. According to the KWS, the elephant population in the area has been relatively stable, with 1,087 individuals counted in 2000; 1,090 in 2002 and 967 in 2007 compared to 1,266 in 2010. Between the years 2010 and 2013, there has been a general increase in the numbers of large herbivores. Elephant population increased from 1,420 to 1,930 while wildbeest and zebra numbers more than doubled. Buffalo population saw 72 percent increase as well. Wildlife serves as one of the major drawing cards for the tourism which is Kenya's largest source of foreign currency revenue. However, the human-wildlife conflict and poaching have been a serious obstacle to the wildlife conservation in Kenya. KWS is battling to conserve one of the most important socioeconomic value in the country. EPA/DAI KUROKAWA

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Kerry in Geneva to push nuclear talks with Iran; says 'important gaps' remain - Washington Post

Posted: 08 Nov 2013 09:14 AM PST

GENEVA — Secretary of State John F. Kerry arrived here Friday to join other top Western diplomats in nuclear talks with Iran, but cautioned that "important gaps" must be bridged before a deal can be struck.

"There is not an agreement at this point in time," said Kerry, who was scheduled to sit down with Iranian Foreign Minister Mohammad Javad Zarif and European Union foreign policy chief Catherine Ashton later in the day. "There are still some very important issues on the table that are unresolved."

The emerging deal would give Iran limited relief from some economic sanctions in exchange for a temporary freeze of some of its nuclear activities, which Iran says are for the purpose of energy production but the United States and its allies have said are part of an effort to develop nuclear weapons.

Ashton invited Kerry to Geneva after representatives on both sides of the negotiations indicated that gaps between them were closing fast. His counterparts from Germany, France and Great Britain quickly elected to join him.

If the remaining differences are not resolved by Saturday, officials said, a final agreement could come in a subsequent Geneva session, perhaps as soon as next week.

Israel, in particular, remains staunchly opposed to any deal that does not require Iran to completely eliminate its nuclear centrifuges. On Friday, the government of Prime Minister Benjamin Netanyahu repeated its warning to negotiators that they should not back off their crippling sanctions until Iran's entire nuclear program is eradicated.

"Years from now, when an Islamic terrorist blows up a suitcase in New York, or when Iran launches a nuclear missile at Rome or Tel Aviv, it will have happened only because a bad deal was made during these defining moments," said Economics Minister Naftali Bennett, a prominent hardliner. "It is not enough to shut off the centrifuges. They need to be completely dismantled."

U.S. officials said the proposed nuclear freeze could be a "first step" in a comprehensive pact restricting Tehran's ability to seek atomic weapons, and could herald a significant shift in U.S.-Iranian relations after years of enmity. U.S. officials said they are aiming for a multi-step negotiating process that could culminate in an agreement early next year on permanent limits to Iran's ability to produce the components of a nuclear bomb.

The easing of sanctions would be reversed if Iran did not honor its commitments, or if it was unable to reach a broader nuclear agreement. The officials stressed that the toughest sanctions affecting Iran's banking sector and oil exports would not be lifted until the final stage of the process.

Although Iran has not responded publicly to the freeze plan, its chief negotiator said the sides were "making progress," while acknowledging that the discussions were "tough."

"I believe it is possible to reach an understanding or an agreement before we close these negotiations tomorrow evening," Iran's Zarif told CNN on Thursday.

Officials said Kerry will consult with his counterparts among the Western negotiating powers here, including French Foreign Minister Laurent Fabius, German Foreign Minister Guido Westerwelle and British Foreign Secretary William Hague, and will confer with the White House and Congress when he returns to Washington early next week.

Kredit: www.nst.com.my

Jumaat, 8 November 2013