Isnin, 30 Disember 2013

NST Online Business Times : latest

0 ulasan
Klik GAMBAR Dibawah Untuk Lebih Info
Sumber Asal Berita :-

NST Online Business Times : latest


Ringgit opens higher against US dollar

Posted: 30 Dec 2013 06:12 PM PST

The ringgit opened higher against the US dollar today on fresh demand for the domestic unit, said a dealer.

At 9.05am, the ringgit was quoted at 3.2865/2895 to the dollar from Monday's close of 3.2930/2960.

The ringgit also traded mostly lower against other major currencies.

The local unit was lower against the Singapore dollar at 2.5943/5971 from 2.5929/5973 on Monday, and fell vis-a-vis the yen to 3.1309/1346 from 3.1259/1290.

The domestic currency also depreciated against the euro to 4.5367/5421 from 4.5259/5307 on Monday.

Against the British pound, the domestic unit appreciated to 5.4208/4264 from 5.4287/4346 yesterday.-- Bernama

Asia shares mostly higher

Posted: 30 Dec 2013 07:14 PM PST

TOKYO: Shares were mostly higher in the few markets open Tuesday in Asia, after Japan finished 2013 trading with its biggest annual gain in 41 years.

Hong Kong's Hang Seng index gained 0.3 per cent by mid-morning to 23,314.21. Shares in Australia, Malaysia, Singapore and Shanghai were also slightly higher, but fell in New Zealand and Taiwan.

Markets were closed in Japan and other Asian markets for the New Year holiday.

The Tokyo benchmark Nikkei 225 stock index rose 0.7 per cent Monday to end 2013 at its highest level in more than six years, having gained 56.7 per cent in 2013.

Overnight, markets were more cautious. Germany's DAX drifted 0.4 per cent lower on its last trading day, to 9,552.16, leaving it shy of its record high hit last week.

French and UK markets, which will trade for a half day on Tuesday, also closed slightly lower, with the CAC-40 down 0.1 per cent at 4,275.71, and the FTSE 100 down 0.3 per cent at 6,731.27.

In the US, the Dow was flat at 16,483.88, while the S&P 500 was down 0.1 per cent at 1,840.22.

This was a banner year for many markets, with the DAX up 25.5 per cent, the CAC index up 17.4 per cent and the FTSE 100 gaining 14 per cent. But none matched the Nikkei, which soared on renewed confidence in the economy.

China's slowdown and growing concern over its mountain of local debt cast a pall over many regional markets.

Hong Kong's Hang Seng Index, burdened by rising concern over debt and slowing growth in mainland China, has gained just 2.9 per cent this year, while the Shanghai Composite Index has fallen seven per cent.

In foreign exchange markets, the dollar was trading 0.01 per cent lower at 104.92 Japanese yen, while the euro slipped 0.02 per cent to US$1.380.

The price of crude oil dipped back below US$100, with the benchmark US contract for February delivery down 2 cents to US$99.31 in electronic trading on the New York Mercantile Exchange.-- AP

Kredit: www.nst.com.my

NST Online Top Stories - Google News

0 ulasan
Klik GAMBAR Dibawah Untuk Lebih Info
Sumber Asal Berita :-

NST Online Top Stories - Google News


Russian terror attacks could be chilling prelude to Olympic violence - Fox News

Posted: 30 Dec 2013 08:18 AM PST

A pair of suicide bombings that left 31 dead in Russia could be a chilling tune-up for the Olympic Games, where a Muslim terrorist leader has vowed to put Chechnya's long-standing grievance with Moscow in the international spotlight, according to terrorism experts.

Although no one has claimed responsibility for the twin bombings, which occurred less than 24 hours apart in the city of Volgograd, formerly known as Stalingrad, terror experts strongly suspect they were inspired, if not ordered, by Chechen Muslim rebel leader Doku Umarov. Umarov, who calls himself the emir of the terror group the Caucasus Emirate, has called on Muslims to attack civilians and to prevent the Olympics from occurring.

The games, scheduled to begin in six weeks in Sochi, the Black Sea resort about 400 miles southwest of Volgograd, are "Satanic dancing on the bones of our ancestors," Umarov said in a video released online in July.

"No Olympics in recent memory will commence as inauspiciously at the 2014 Sochi Games."

- Georgetown Professor Bruce Hoffman

The attacks, coupled with Umarov's call for violence, will cast a dark shadow over the games, according to Bruce Hoffman, director of the Center for Security Studies and Director of the Security Studies Program at Georgetown University's Edmund A. Walsh School of Foreign Service.

"No Olympics in recent memory will commence as inauspiciously at the 2014 Sochi Games," Hoffman told FoxNews.com. "Although fear of terrorist attack has been a staple of Olympics security for the past four decades, the back-to-back blasts yesterday and today, coupled with another attack in the same city in October, are likely intended to be the opening salvos in a sustained terrorist campaign.

"This would be unprecedented in Olympic history and likely reflects the perpetrators' intention to disrupt the games even before the opening ceremony," Hoffman added.

In the first attack, a bomber authorities believe may have been a woman detonated explosives in front of a metal detector just outside a train station entrance Sunday as a suspicious police sergeant approached to check the bomber's ID. The officer was one of 17 killed by the blast. Hours later, early Monday, a suicide bomber on a bus killed at least 14 people and left nearly 30 wounded, Russian officials said. The bombs were similar, according to Vladimir Markin, the spokesman for Russia's main investigative agency.

"That confirms the investigators' version that the two terror attacks were linked," Markin said in a statement. "They could have been prepared in one place."

Following the most recent attack in Volgograd, Russian news outlet Lifenews.ru, posted what it claimed was an image of the severed head of the female attacker. The report said the woman's two successive rebel husbands had been killed by Russian security forces in the Caucasus. Female suicide bombers, often widows or sisters of slain rebels, have mounted numerous attacks in Russia and are commonly referred to as "black widows."

In October, a so-called black widow blew herself up on a city bus in Volgograd, killing six people and injuring about 30.

Russian President Vladimir Putin had already deployed tens of thousands of soldiers, police and other security personnel for the games and implemented extensive identity checks and security measures. A security zone created around Sochi for the games extends 60 miles along the Black Sea coast and up to 25 miles inland. Russian troops will patrol the mountains that loom above the resort, drones will be deployed over Olympic facilities and cars will be banned from the zone starting a month before the games begin until a month after they end. On Monday, Putin announced that even more security forces would be deployed.

It's possible Umarov's operatives are already inside the security zone, said Jim Phillips, senior research fellow at the Heritage Foundation. Phillips said he "would be surprised" if there is not a terrorist attack during the Olympic games, but said he doubts it could be on a big scale.

"It is very likely that Umarov or others will try to disrupt the Olympics with a terrorist attack, and it is very possible they are already inside the zone," Phillips said. "But they will find it difficult to move weapons or explosives around inside the zone."

Experts say Umarov's calls for indiscriminate violence have hurt the popularity of his group, and the possible use of female suicide bombers could further alienate Chechens. But even if he is unable to direct attacks, issuing a clarion call to suicide bombers could yield more independent attacks.  

"An open question is how much authority he really has over these different groups," Jeffrey Mankoff, deputy director and fellow at the Center for Strategic and International Studies' Russia and Eurasia Program, told USA Today. "A lot of the attacks seem to be inspired by Umarov but may not be directly controlled by him."

The rift between Russia and Chechnya dates back hundreds of years, and Sochi and other cities in the region were captured by Russia in the 19th century. Umarov and others view the Olympics being held in Sochi a provocation, held in territory they consider stolen from Muslims, according to Mankoff.

Chechen Islamist separatists declared their independence from Russia in 1991, as the former Soviet Union broke apart. Russia reasserted its control over Chechnya in 1999, but several terror attacks in the North Caucasus have flared up since then, most notably the 2004 Beslan attack, in which Islamic militants took more than 1,100 people hostage in a school. The siege ended in the deaths of more than 380 people, including hundreds of children.

In 2010, two female suicide bombers mounted an attack in the Moscow subway that killed 40, and less than a year later, a male suicide bomber struck Moscow's Domodedovo Airport, killing 37 people and injuring more than 180. Umarov claimed credit for both attacks.

Chechnya is now run by Moscow-backed strongman Ramzan Kadyrov, a former separatist who has been credited with stabilizing the region.

Democrats eye minimum wage increase as key issue in 2014 gubernatorial ... - Fox News

Posted: 30 Dec 2013 07:47 AM PST

FILE: Nov. 7, 2013: Pennsylvania GOP Gov. Tom Corbett in Philadelphia, Pa.AP

Democrats looking to make gains in the 2014 gubernatorial elections are using a possible minimum wage increase as a way to win support among voters, following a wave of protests on the issue this year.

While Republican governors are expected to campaign on issues such as the rocky rollout of ObamaCare and nationwide discontent with Washington, Democrats seeking to unseat them are lobbying for an wage increase in the early stages of their campaigns, the Associated Press reports.

Democrats across the political spectrum have lobbied for a higher minimum wage this year, after Obama got the ball rolling on the issue by calling for an increase in his February budget speech. Since then, union-organized demonstrations in front of profitable mega-chains such as Wal-Mart and McDonald's have kept it in the public eye.

Senate Democrats have also pushed for a minimum wage increase going into 2014. Their proposal would raise the minimum wage by 40 percent. 

In Pennsylvania, championing a minimum wage increase is already popular among the big field of Democrats vying to challenge the re-election bid of Gov. Tom Corbett.

Now, Katie McGinty, a onetime environmental policy adviser to the Clinton White House and Corbett's Democratic predecessor, is distinguishing herself by telling audiences and potential donors that she was the first Democrat in the Pennsylvania field to make it an issue.

"This is core for me," McGinty said. "I think it is fundamentally true across the centuries that one of the things that can really bring a nation down is the increasing chasm in terms of income."

Thus far, the Republicans whom Democrats view as most vulnerable aren't changing their minds and supporting a wage hike.

In addition to Corbett, the Democrats' list of most vulnerable includes Maine's Paul LePage, Michigan's Rick Snyder and Wisconsin's Scott Walker. Florida's Rick Scott and Ohio's John Kasich might be insulated because their states' laws boost minimum wage with inflation and Iowa's Terry Branstad, New Mexico's Susanna Martinez and Nevada's Brian Sandoval aren't viewed as sufficiently endangered.

All of those governors won a first term in the national Republican sweep of 2010, and most have had strong Republican representation in their legislatures to support them.

But LePage was tasked with facing a Democrat-controlled legislature, and in July he vetoed a bill to incrementally raise the state's minimum wage.

For his likely Democratic challenger, U.S. Rep. Mike Michaud, increasing the minimum wage is an issue the onetime paper mill worker from northern Maine discusses often, said campaign adviser David Farmer.

"He is closely aligned with working- and middle-class families," Farmer said. "He's not a millionaire."

Still, it would not be unheard of for a Republican to advocate a minimum wage increase. New Jersey Gov. Chris Christie, who leads the Washington, D.C.-based Republican Governors Association, and New Mexico's Martinez each vetoed their legislature's minimum wage bill, but not without making a counteroffer of a more modest increase.

Republican governors are focused on lightening tax and regulatory burdens for businesses to improve wages, said Jon Thompson, a spokesman for the Republican Governors Association. But he also seemed to acknowledge the occasional political necessity for Republicans to embrace a minimum wage increase.

"It's complicated because there are some states that a minimum wage increase could be more helpful and useful than other states," Thompson said in an e-mail.

For Democrats, campaign advisers and strategists say there's no mandate from national party leaders to wield the issue as a weapon next year. But there's no denying its popular and salient to the political battlefield, said Danny Kanner, spokesman for the Democratic Governors Association.

"The defining issue in every single one of these races is who is fighting for the middle class," he said.

Democrats are pairing their advocacy of a minimum wage increase with criticism of cuts to corporate tax rates, public pensions or education aid that Republican governors pushed through. They also contend that it'll revive the economy by flushing more money into the hands of consumers who spend it and reduce reliance on food stamps or other government programs for the poor.

If vulnerable Republicans aren't budging on the issue, neither are the business groups that tend to back them. The U.S. Chamber of Commerce warns that small employers will have the hardest time absorbing higher labor costs, while the National Federation of Independent Business warned of job losses.

"We're not going to waver," said NFIB spokeswoman Jean Card. "It's the kind of thing that sounds good, but rarely are polling questions backed up with the kind of economic downside that's inevitable."

The Associated Press contributed to this report

Kredit: www.nst.com.my
 

NST Online

Copyright 2010 All Rights Reserved