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KL shares traded mixed in early session Posted: 05 Jan 2014 06:20 PM PST Shares on Bursa Malaysia were traded mixed in the early session today in line with the regional market performance, dealers said. Forty two-minutes after trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.58 of a point lower at 1,834.16 after opening at 1,835.85. However, market breath was positive as gainers led losers by 241 to 163, with 200 counters unchanged, 943 untraded and 16 others suspended. Turnover was low with 281.95 million shares worth RM216.66 million traded. HwangDBS Vickers Research said profit-takers will likely extend their presence and push down share prices on the local bourse today. "The market is continuing from where they left off last week," the research house said in a note today. Technically, the FBM KLCI could slip further to test the next support line of 1,825 after losing 37.8 points or 2.0 per cent in the last three days. On the scoreboard, the Finance Index fell 10.25 points to 16,793.85, the Plantation Index rose 36.48 points to 8,863.49 and the Industrial Index was 9.75 points lower at 3,122.24. The FBM Emas Index gained 4.34 points to 12,683.09, the FBMT100 Index added 2.34 points to 12,405.06, the FBM Ace garnered 55.91 points to 5,732.43 and the FBM 70 advanced 28.37 points to 14,122.11. Among actives, MBSB garnered four points to RM2.21, Iris increased two sen to 31 sen and The Media Shoppe was flat at seven sen. As for heavyweights, Maybank gained three sen to RM9.94, Tenaga rose four sen to RM11.04 and Axiata was flat at RM6.80.-- Bernama

KLCI futures traded mostly lower Posted: 05 Jan 2014 06:21 PM PST The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives were traded mostly lower in the early session today on lack of market participants, dealers said. As at 10.05am, January 2014 fell 4.5 points to 1,831.5, February 2014 slipped 5.5 points to 1,831, March 2014 lost 5.0 points to 1,829 and June 2014 shed 2.5 points to 1,826. Turnover totalled 2,258 lots while open interest stood at 42,252 contracts. The underlying FBM KLCI was 0.47 of a point better at 1,835.21 after 65 minutes of trading.-- Bernama

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Deep freeze starts to bite in Minnesota with morning temps well below zero ... - Minneapolis Star Tribune Posted: 05 Jan 2014 08:41 AM PST MINNEAPOLIS — A cold snap that that National Weather Service is calling "historic and dangerous" has arrived in Minnesota. Temperatures were down to 8 degrees below zero in the Twin Cities area around midmorning Sunday, with wind chills in the mid to high 20 degrees below zero. It's even colder in far northern Minnesota, where the weather service reported temperatures in the mid-20s below zero and wind chills in the high 30s to mid-40s below zero in several cities, and a wind chill of minus 50 at Flag Island near the northernmost tip of the state. Forecasters say extremely cold temperatures are on tap for Sunday night with temperatures dipping to between 25 below and 40 below, and wind chills plummeting to between 55 below and 65 below overnight.

US to support fight against al Qaeda in Iraq without troops: Kerry - Reuters Posted: 05 Jan 2014 09:01 AM PST (Reuters) - The United States will support the Iraqi government and tribes fighting al Qaeda-linked Sunni Muslim militants in Anbar province but will not send U.S. troops back to Iraq, U.S. Secretary of State John Kerry said on Sunday. Islamist militants linked to al Qaeda and tribal fighters have taken control of Ramadi and Falluja, the main cities in the Sunni Muslim-dominated province of Anbar, which adjoins Syria, in a serious challenge to the Shi'ite-led government's authority. Iraqi troops and allied tribesmen are trying to retake the province. Speaking to reporters in Jerusalem, Kerry said the United States was concerned about events in Anbar, which was the heart of the anti-U.S. rebellion after the United States' invasion of Iraq in 2003. While pledging to help Iraqi Prime Minister Nuri al-Maliki's government, he made clear there was no question of U.S. troops returning to Iraq. The United States withdrew its troops from Iraq in 2011 after failing to reach agreement with Maliki's government on a continuing presence. "This is a fight that belongs to the Iraqis," he said. "We're not contemplating putting boots on the ground. This is their fight, but we're going to help them in their fight." Kerry declined to provide details on what the United States might do to assist Maliki, whom Washington has repeatedly urged to share power with the Sunni minority - in part to prevent a renewed Sunni insurgency against the central government. Al Qaeda's Islamic State of Iraq and the Levant (ISIL) has been steadily tightening its grip in the desert province in recent months in a bid to create a Sunni Muslim state straddling the Syrian frontier. This week's seizure of territory in Ramadi and Falluja was the first time in years that Sunni insurgents had taken effective control of the region's most important cities and held their positions for days. Kerry said the violence had regional implications. "This is a fight that is bigger than just Iraq ... The fighting in Syria is part of what is unleashing this instability in the rest of the region," he added. "We can't want peace and we can't want democracy and we can't want an orderly government and stability more than the people in a particular area, in a particular country or a particular region," he said. "This fight, in the end, they will have to win, and I am confident they can." The Iraqi military's cooperation with tribesmen against al Qaeda echoes a decision by local tribes in 2006 to work with U.S. troops to fight al Qaeda forces who had taken control of most of Iraq's Sunni areas after the U.S. invasion. U.S. troops and local tribes finally beat back al Qaeda in heavy fighting after a "surge" of U.S. forces in 2006-07. (Reporting by Arshad Mohammed, Writing by Ari Rabinovitch, Editing by Jeffrey Heller)

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