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Posted: 02 Jan 2014 07:11 PM PST

[unable to retrieve full-text content]The physical price of gold as at 9.30am stood at RM126.46 per gramme, up RM1.63 from RM124.83 at 5pm Thursday.-- Bernama

Short-term rates to remain stable

Posted: 02 Jan 2014 07:17 PM PST

Short-term interbank rates are likely to remain stable today following Bank Negara Malaysia's intervention to absorb excess liquidity from the financial system.

The central bank estimated today's liquidity at RM40.194 billion in the conventional system and RM13.844 billion in Islamic funds.

Bank Negara will conduct a RM13 billion range maturity auction for three days to 90 days and a RM6.9 billion Islamic range maturity auction for five days to 90 days.

It will also conduct a RM200 million Commodity Murabahah Programme for 32 days.

Three repo tenders -- RM250 million for 32 days, RM450 million for 59 days and RM250 million for 90 days -- will also be conducted.

At 4pm, the central bank will conduct up to RM26.2 billion conventional overnight tender and a RM6.8 billion Al-Wadiah overnight tender.-- Bernama

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Winter Storm Headed for New York - Wall Street Journal

Posted: 02 Jan 2014 08:56 AM PST

A winter storm is expected to dump almost 10 inches of snow in parts of New York and bring wind chill temperatures below zero, creating dangerous and windy conditions, the National Weather Service said.

Snow is expected to begin falling around sunset in New York City, Long Island and New Jersey and continue overnight, becoming heavier as the evening progresses. Wind gusts will reach from 25 to 30 miles an hour, reaching their strongest between midnight and daybreak. Snow is expected to fall until 10 a.m., while wind chill temperatures will stay below zero. Temperatures will hover in the teens throughout Friday.

"It's going to be dangerous to be outside during the overnight hours," said Tim Morrin, a meteorologist at the National Weather Service. "Exposed skin could start to freeze within 15 minutes."

The storm could be the first test of the Mayor Bill de Blasio's administration. Shortly before taking the oath of office Wednesday, the mayor said he takes snowstorms "very personally."

"We are going to be ready," he said. "We are 100% ready."

The storm will bring "loose, powdery snow," he said, which will combine with the wind to cause visibility problems, Mr. Morrin said. The National Weather Service is cautioning against driving after dark.

Mr. Morrin called the storm a "classic nor'easter," with strong areas of low pressure from the Southern stretches of the country traveling north and combining with the chilly arctic air and coastline winds. The northeast winds will bring in moisture and lock in the cold air, Mr. Morrin said.

Snow will be heaviest on Long Island because the area is further east and will have heavier wind gusts, Mr. Morrin said. The area is expecting eight to 10 inches and is under a blizzard warning, which means visibility conditions are less than .25 miles for at least three hours.

Temperatures are expected to climb into the mid-40s Sunday, and another storm is expected to come—this one bringing rain. The weather is much colder than previous years, with the average high for Jan. 2 is 39 degrees. The snowfall record for Jan. 3 could be broken, as 7 inches fell in Manhattan in 1923.

Passengers Rescued From Trapped Ship in Antarctic - Wall Street Journal

Posted: 02 Jan 2014 08:49 AM PST

[unable to retrieve full-text content]

Washington Post

Passengers Rescued From Trapped Ship in Antarctic
Wall Street Journal
Dozens of scientists and tourists who spent over a week aboard a vessel trapped in Antarctic ice were rescued Thursday in an international effort that followed multiple attempts thwarted by the region's harsh climate.
All 52 passengers rescued from ship trapped in Antarctic iceCNN
Helicopter rescue begins for passengers stuck in Antarctic iceReuters
All passengers rescued from ship stuck in Antarctic iceReuters UK
Washington Post -USA TODAY
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Khamis, 2 Januari 2014