Rabu, 25 September 2013

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KL shares open slightly higher

Posted: 25 Sep 2013 07:02 PM PDT

Share prices on Bursa Malaysia rose slightly higher in early trading on Thursday despite overnight losses on Wall Street.

At 9.13am, the benchmark index inched up 0.14 point to 1,784.2, after opening 0.24 point higher at 1,784.3.

HwangDBS Vickers Research expects the local bourse to show resilience ahead, despite facing persisting selling pressures.

"On the chart, the key FBM KLCI -– following a 17.8-point or 1.0 per cent loss over the last three days -– could move slightly above the immediate support line of 1,785 today," it said in a note today.

Wall Street slipped further last night, on the back of concerns that the ongoing government budget talks might affect the US economic recovery.

Major US equity bellwethers were down between 0.2 per cent and 0.4 per cent at the closing bell.

On Bursa Malaysia, the Industrial Index added 7.04 points to 3,054.32, the Plantation Index rose 20.58 points to 8,374.82 but the Finance Index shed 14.62 points to 16,616.55.

The FBM Emas Index went up 2.78 points to 12,400.12, the FBM100 Index was 1.77 points higher at 12,136.65, the FBM 70 increased 5.44 points to 14,104.93 but the FBM Ace declined 16.79 points to 5,475.26.

Gainers led losers 118 to 88, with 151 counters unchanged, 1,226 untraded and 26 others suspended.

Trading stood at 176.05 million shares worth RM91.45 million.

Among actives, MAS and Pasukhas added one sen each to 34 sen and 18.5 sen respectively, Zelan rose three sen to 27 sen, SerSol was flat at RM1.02 and Technodex eased 1.5 sen to 9.5 sen.

Of heavyweights, Axiata and Sime Darby went up one sen each to RM6.91 and RM9.52 respectively while Petronas Chemicals and Maxis were flat at RM6.90 and RM7.04 respectively.

Maybank and CIMB both fell one sen to RM9.84 and RM7.78 respectively.-- Bernama

Ringgit rebounds against US dollar

Posted: 25 Sep 2013 07:04 PM PDT

The ringgit rebounded against the US dollar in early trade on Thursday over concerns US politicians would raise the country's borrowing limits, dealers said.

As at 9am, the local note was quoted at 3.2140/2170 per US dollar from 3.2215/2245 at yesterday's close.

Meanwhile, the local currency was mostly better against most major currencies.

The ringgit was slightly higher versus the Singapore dollar at 2.5634/5678 from 2.5657/5683 on Wednesday and was marginally better against the yen at 3.2676/2710 from 3.2679/2726 yesterday.

It depreciated against the British pound to 5.1675/1736 from 5.1515/1569 on Wednesday but strengthened against the euro to 4.3456/3503 from 4.3477/3521 yesterday.-- Bernama
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21 hours and counting: Cruz crusade against Obamacare continues on Senate ... - NBCNews.com

Posted: 25 Sep 2013 08:59 AM PDT

By Michael O'Brien, Carrie Dann and Andrew Rafferty, NBC News

For 21 hours and counting, Texas Sen. Ted Cruz has been standing and speaking on the Senate floor without so much as a bathroom break to interrupt his symbolic demonstration against Obamacare, but NBC News has learned that he plans on leaving the floor at noon Wednesday.   

There is no sign that the weary Cruz is prepared to end his marathon speaking session until the Senate reconvenes around noon Wednesday for a vote he cannot prevent. Senate officials and Cruz' senior staff tell NBC News that Cruz has not left the Senate floor, has not been seated and has had just a few nibbles to eat. He has had short breaks from speaking only to allow a handful of friendly colleagues to ask him long questions.  Wearing black sneakers instead of his trademark cowboy boots, Cruz has paced the floor while others spoke to stretch his legs. 

Texas Senator Ted Cruz reads two bedtime stories to his daughters at home and likens Obamacare to "Green Eggs and Ham"

But for all the posturing, his effort amounts to little more than a very, very long speech.  The display is not formally considered a filibuster because it is not being used to stop legislation – in this case a bill that would continue to fund the government.

The Senate will still proceed with a vote, scheduled for about 1:00pm on Wednesday, to take up legislation passed last week by Republicans in the House which would prevent a government shutdown but also contains provisions to stop funding the Affordable Care Act.  Cruz is protesting the bill because Senate rules would allow Democrats to strip the part that would defund Obamacare. 

When he took to the Senate floor just after 2:41 p.m. on Tuesday, Cruz vowed to speak in opposition to the Affordable Care Act "until I am no longer able to stand."

And speak he did, all through the night.  Cruz read Dr. Seuss' "Green Eggs and Ham" as he wished his children goodnight from the Capitol. He professed his love for White Castle burgers, talked about Star Wars and the moon and even commended actor Ashton Kutcher for a recent award show speech.  Between the padding, the freshman senator dipped into long monologues about his fierce opposition to President Barack Obama's health care law.

Because of Majority Leader Harry Reid's move Monday to schedule a test vote on government funding for Wednesday morning, Cruz can't do anything on his own procedurally to delay the timing of that vote.

And as Cruz spoke, Reid aide Adam Jentleson tweeted that the Republican "pre-negotiated the terms of his #fakefilibuster with Senator Reid yesterday. Not exactly a Mr. Smith moment."

When asked how long he planned to speak, Cruz offered a wry response to reporters on Capitol Hill: "We shall see."

If Cruz managed to keep at least 60 of his fellow senators from supporting that Wednesday vote, he could prevent cutting off debate on the budget bill – and that would be a filibuster. 

Sen. Ted Cruz, R-Texas, talks about difficult situations that Americans have faced during his Tuesday speech on the Senate floor against the Affordable Care Act.

Cruz wants that procedural vote to fail, because – if the final government funding bill subsequently passed, Democrats would simply strip out the part of the legislation that deals with Obamacare, kicking the clean bill back to the House. 

But Cruz has only a few allies in that attempt. Some of those supporters, Republican Sens. Mike Lee, David Vitter, Pat Roberts, Jeff Sessions, Marco Rubio, Jim Inhofe, and Mike Enzi had visited the Senate floor to ask their colleague a question, a tactic that allowed Cruz a temporary break from speaking.

Kentucky Republican Sen. Rand Paul, who in March held a 13-hour filibuster, also took to the Senate floor to ask if Cruz would accept any sort of compromise that keeps the government open while revising the health care law.

Republicans "don't control all the government" Paul said while asking Cruz if he intended to shut down the government.

Cruz said he did not want to shut down the government, but would not be open to a middle ground and "will not vote for a continuing resolution that does not defund 'Obamacare.'"

Paul actually privately opposed Cruz's approach to the stopgap spending measure during a meeting with other GOP senators on Tuesday. Sources told NBC News that Paul joined with Minority Leader Mitch McConnell, R-Ky., to help hasten the return of the spending measure to the House to give colleagues in the lower chamber more time to figure out how to proceed.

But most senior Republicans, including McConnell, will not be coming to Cruz's aid. They have said they will vote to cut off debate - which would enable Democrats to strip the provision to defund Obamacare, but - more importantly - also allow the process of reaching an agreement to fund the government to move forward.

On that note, Reid said Tuesday that he would seek to move forward with legislation to fund the government through mid-November, a more modest time frame than had initially been sought by lawmakers.

Senator Ted Cruz, R-Texas, speaks on the Senate floor Tuesday, vowing to deliver a long speech against the Affordable Care Act.

The political appeal, though, of a long speech – filibuster or no – is undeniable.  Paul earned the adulation of conservatives for the filibuster he waged against the Obama administration's national security practices and its use of drones.

Paul's effort back in March to hold up the president's nominee to lead the CIA was the first time the tactic had been used since 2010.

"We saw something incredible happen at that time...and it transformed the debate," Cruz said Tuesday, commending Paul's effort.

Cruz, like Paul, has possible designs on the Republican presidential nomination in 2016, and his speech against Obamacare – the program so hated by conservatives – could help endear him to the party's base.

NBC News' Kelly O'Donnell and Matthew DeLuca contributed to this report.

This story was originally published on

Treasury Warns of Potential Default by Mid-October - New York Times

Posted: 25 Sep 2013 08:05 AM PDT

Washington — The Treasury will only have $30 billion of cash on hand by mid-October, putting the United States on the precipice of an unprecedented default, the department said on Wednesday.

The warning puts additional pressure on a hamstrung Congress, which is already struggling to prevent the federal government from shutting down over a budget impasse on Oct. 1.

In a letter to Speaker John A. Boehner of Ohio, Treasury Secretary Jacob J. Lew warned that a single day's net expenditures can be as high as $60 billion. On any given day after that mid-October deadline, money going out might overwhelm money coming in plus cash on hand.

That means that until Congress lifts its statutory debt ceiling, the Treasury could miss or be forced to delay paying some of its bills. Such an event would be unprecedented, and financial analysts anticipate a violent market reaction that might raise federal borrowing costs, slow the recovery and destabilize markets around the world.

The House recently passed legislation that would order Treasury to prioritize payments to bondholders — an action meant to soothe the markets in the event of a debt-ceiling crisis. But the Obama administration has rejected that idea and refused to negotiate over the debt limit more broadly.

"The United States should never have to choose, for example, whether to pay Social Security to seniors, pay benefits to our veterans, or make payments to state and local jurisdictions and health care providers under Medicare and Medicaid," Mr. Lew wrote.

"There is no way of knowing the damage any prioritization plan would have on our economy and financial markets. It would represent an irresponsible retreat from a core American value: We are a nation that honors all of its commitments," he added.

But Republicans are currently debating what legislation to tie to raising the debt ceiling, such as defunding the Affordable Care Act or new spending cuts. That has set up a second showdown over budget and financial issues.

"The president remains willing to negotiate over the future direction of fiscal policy, but he will not negotiate over whether the United States will pay its bills for past commitments," Mr. Lew said. "Extending borrowing authority does not increase government spending; it simply allows the Treasury to pay for expenditures Congress has already approved."

The potential costs from a debt-ceiling default might dwarf the costs associated with a government shutdown. The Bipartisan Policy Center, a Washington research group, has estimated that market concern over the potential of a default in 2011 cost nearly $19 billion over 10 years.

The United States hit its statutory borrowing limit of about $16.7 trillion on May 19, meaning that Treasury could no longer issue new debt to pay the government's bills. With the government running in the red, the Treasury has used a series of "extraordinary measures" to free up about $300 billion in cash. But those measures buy it only so much time.

In the letter, Mr. Lew set Oct. 17 as the effective deadline for Congressional action: after that date, the country would be at severe risk of missing or defaulting on some of its payments every day going forward.

The Treasury makes more than 80 million individual payments a month. After exhausting its extraordinary measures, it would miss about 30 percent of those payments until Congress raised the ceiling again.

According to the Bipartisan Policy Center, the Treasury is facing a $12 billion Social Security payment on Oct. 23 and a $6 billion interest payment on the public debt on Oct. 31.

On Nov. 1 alone, it needs to spend $18 billion on Medicare, $25 billion on Social Security, $12 billion on military pay and veterans benefits and $3 billion on the Supplemental Security Income program.

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Selasa, 24 September 2013

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KL shares open lower

Posted: 24 Sep 2013 07:00 PM PDT

Bursa Malaysia opened lower Wednesday, weighed down by key index linked counters.

At 9.06am, the benchmark index slipped 5.54 points or 0.30 per cent to 1,786.94, after opening 4.42 lower at 1,788.06.

Maybank lost four sen to RM9.93 and CIMB fell two sen to RM7.88.

HwangDBS Vickers Research said the key index might stage a technical rebound today.

"After slipping 9.4 points or 0.5 per cent in the past two days, the benchmark index could show a slight positive bias, but may face stiff immediate resistance at the psychological mark of 1,800 for now," it said in a note today.

Overnight on Wall Street, major equity indices posted mixed closings of between -0.4 per cent and +0.1 per cent, amid renewed concerns on the ongoing government budget talk and the US economic fundamentals.

Bearish performance on the local bourse is also in tandem with most regional markets.

Japan's Nikkei 225 went down 0.11 per cent to 14,716.62, Hong Kong's Hang Seng declined 0.82 per cent to 23,179.04 and Singapore's Straits Times Index edged down 0.08 per cent to 3,211.75.

On Bursa Malaysia, the Industrial Index shed 27.94 points to 3,025.96, the Plantation Index added 0.77 of-a-point to 8,367.95 and the Finance Index shed 34.14 points to 16,755.06.

The FBM Emas Index declined 31.27 points to 12,411.66, the FBM100 Index was declined 32.32 points to 12,151.29, the FBM 70 fell 15.57 points to 14,105.5 but the FBM Ace rose 21.88 points to 5,510.46.

Gainers led losers 101 to 92, with 142 counters unchanged, 1,248 untraded and 13 others were suspended.

Volume was light at 111.956 million shares worth RM32.453 million.

Among actives, Frontken added 2.5 sen to 10 sen, TA Enterprise rose two sen to 64.5 sen, Green Packet increased 1.5 sen to 53.5 sen, while The Media Shoppe and China Stationery were flat at 17.5 sen and 21 sen.

Heavyweights, Axiata went up two sen to RM6.92, TNB and Public Bank was down four sen each to RM9.01 and RM17.84 respectively.

Sime Darby and Petronas Chemicals were flat at RM9.50 and RM6.90.-- Bernama

Ringgit opens weaker against US dollar

Posted: 24 Sep 2013 07:02 PM PDT

The ringgit opened weaker against the US dollar Wednesday as investors remained on the sidelines after the
weaker-than-expected German sentiment data was revealed yesterday.

As at 9.15am, the local note was quoted at 3.2220/2250 per US dollar from 3.2140/2170 yesterday.

Meanwhile, the local currency declined against most major currencies.

The ringgit was lower against the Singapore dollar to 2.5663/5697 from 2.5614/5654 on Tuesday and was marginally weaker against the yen at 3.2674/2711 from 3.2422/2459 yesterday.


It depreciated against the British pound to 5.1536/1590 from 5.1289/1366 Tuesday and declined against the euro to 4.3420/3470 from 4.3370/3417 yesterday.-- Bernama
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Obama directs Kerry to pursue talks with Iran over nuclear weapons deal - Fox News

Posted: 24 Sep 2013 08:45 AM PDT

President Obama announced Tuesday that he's directed Secretary of State John Kerry to pursue a new round of talks with Iran over its nuclear program, amid warnings from U.S. lawmakers to view the promises of Iran's new president with caution. 

The president made the announcement in his address before the annual gathering of the U.N. General Assembly. 

"The roadblocks may prove to be too great, but I firmly believe the diplomatic path must be tested," Obama said. 

Obama acknowledged that Iranian President Hassan Rowhani, who plans to address the body Tuesday afternoon in New York, has signaled interest in charting a more "moderate" course and disavowed interest in pursuing the development of a nuclear weapon. 

Saying the "conciliatory words" must be met by "actions," Obama said Kerry will "pursue this effort" to engage Iran, alongside representatives from the European Union and other global powers. 

"We are determined to prevent Iran from developing a nuclear weapon," Obama said. He said the suspicion between the two countries can't be overcome overnight, but resolving the nuclear issue would be a "major step down a long road" toward a better relationship. 

On the sidelines of the U.N. session, Kerry is expected to meet with his Iranian counterpart on Thursday, along with other diplomats. The meeting would mark the highest-level talks between the U.S. and Iran in decades. 

Lawmakers on both sides of the aisle, though, have urged Obama to keep the pressure of sanctions on Iran and stand firm by the vow to prevent the country from developing a nuclear weapon. Sen. Marco Rubio, R-Fla., and several other senators penned a letter to Obama on Tuesday casting doubts on the intentions of Iran's new leader. 

"Despite the hopes that many have had that Mr. (Rowhani) would dramatically improve Iran's abysmal human rights situation, Iranians still are being denied their fundamental freedoms of assembly, the press, and conscience," they wrote. On the nuclear issue, they said: "Despite sanctions and international pressure and the arrival of Mr. (Rowhani), Iran has not changed course and is close to obtaining this capability that will likely result in a cascade of nuclear proliferation in one of the world's most volatile regions." 

They voiced concern that a deal with Iran might leave open the door to preserve part of its weapons program and access to the entire nuclear fuel cycle. 

"Iran must not be allowed to retain any enrichment or reprocessing capabilities," they wrote. "Now is the time to increase pressure on Iran and to stand with the Iranian people, not pursue diplomatic half-measures that will allow their rulers to continue to delay and obfuscate and avoid real reforms." 

The president addressed the General Assembly session amid a whirlwind of international developments. 

The Obama administration recently backed off the threat of military force against the Assad regime in Syria, after his government agreed to a U.S.-Russia-backed plan for Damascus to turn over its chemical weapons to international control. Obama, though, still is seeking a tough resolution from the U.N. Security Council to enforce this pledge, and has said he'll keep the threat of military action on the table. 

Earlier in his address, Obama called on the international community to "enforce the ban" on chemical weapons and make sure Syria's Assad regime lives up to its pledge to turn over its stockpile. 

He called for a "strong Security Council resolution" to hold Bashar Assad accountable. 

If the U.N. cannot agree to this, he said, "then it will show that the United Nations is incapable of enforcing even the most basic of international laws." 

But a strong resolution, he said, would send a "powerful message" that chemical weapons have no place in the modern world. 

Obama also spoke as the threat of Islamic terrorism once again reared its head, after an Al Qaeda-linked group stormed a shopping mall in Kenya, killing dozens of people. The stand-off with Kenyan security forces was still ongoing as the U.N. session got underway. 

Earlier, U.N. Secretary-General Ban Ki-moon urged world leaders to stop fueling the bloodshed in Syria with weapons and get both sides to the negotiating table to end the "biggest challenge to peace and security in the world." 

He called on the U.N. Security Council to adopt an "enforceable" resolution on the U.S.-Russian agreement to put Syria's chemical weapons under international control for future destruction and bring to justice the perpetrators of the Aug. 21 chemical weapons attack outside Damascus to justice "either through referral to the International Criminal Court or by other means consistent with international law." 

U.N. diplomats say differences between the U.S. and Russia on how a resolution should be enforced have held up action in the Security Council. Russia is opposed to any mention of Chapter 7 of the U.N. Charter, which includes military and non-military actions to promote peace and security. 

The secretary-general stressed that the international community "can hardly be satisfied with destroying chemical weapons while the wider war is still destroying Syria." 

"The vast majority of the killing and atrocities have been carried out with conventional weapons," Ban said. "I appeal to all states to stop fueling the bloodshed and to end the arms flows to all parties." 

The fighting in Syria has left more than 100,000 dead. 

The Associated Press contributed to this report.

Five things to know about al-Shabab - USA TODAY

Posted: 24 Sep 2013 08:14 AM PDT

AP 9:51 a.m. EDT September 24, 2013

Q. What is al-Shabab?

A. Al-Shabab is an Islamic terrorist force that grew out of the anarchy that crippled Somalia after warlords ousted a longtime dictator in 1991. Allied with al-Qaeda, its name means "The Youth" in Arabic and it seeks to establish a fundamentalist Islamic state in the East African nation.

Al-Shabab is estimated to have several thousand fighters, including a few hundred foreign fighters. Al-Shabab is inspired by the Wahabi version of Islam, the same sect as Osama bin Laden.

STORY: Hostages still held in mall

Q. Where is al-Shabab?

A. Al-Shabab won control of almost all of Somalia's capital, Mogadishu, in 2006, and held large swaths of central and southern Somalia until a force from the African Union, including soldiers from neighboring Kenya and Uganda, pushed the militants out of the city in 2011. The United States backed the first African intervention.

Al-Shabab still controls many rural areas in Somalia where they impose strict shariah law, including stoning to death women accused of adultery and amputating the hands of accused thieves. It has launched many deadly suicide bomb attacks.

Q. Al-Qaeda links?

A. Al-Shabab leader Mukhtar Abu Zubair has pledged allegiance to the global terror movement al-Qaeda, which seeks to impose Islamic rule by force worldwide. Al-Qaeda's 2002 attacks on an Israeli-owned Kenyan resort in Mombasa and an attempted attack on a plane carrying Israeli tourists are believed to have been planned by an al-Qaeda cell in Somalia.

Q. Where does al-Shabab's money come from?

A. Before African troops moved in, al-Shabab was making a steady income from duties and fees levied at ports and airports as well as extorting taxes on domestic produce and demanding "jihadi" contributions. A United Nations report estimated al-Shabab's income in 2011 at $70 million to $100 million.

Q. What is al-Shabab's status in Somalia?

A. Somalia's first elected government in more than two decades won power a year ago and, together with the African Union force, has the opportunity to create "a window of opportunity to fundamentally change Somalia's trajectory," according to the U.S. State Department.

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Isnin, 23 September 2013

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US stocks end firmly in the red

Posted: 23 Sep 2013 04:18 PM PDT

NEW YORK: US stocks closed firmly in the red on Monday, extending Friday's losses, amid uncertainty about the Federal Reserve's stimulus taper plans.

A big bounce by heavyweight Apple on news of record sales of its new iPhone models was not enough to push the Nasdaq higher.

The Dow Jones Industrial Average dropped 49.71 points (0.32 percent) to finish at 15,401.38. The broad-market S&P 500 index fell 8.07 points (0.47 percent) to 1,701.84, while the Nasdaq Composite lost 9.44 points (0.25 percent) at 3,765.29.

Comments by New York Fed President William Dudley and two other top Fed officials on Monday created a bit more uncertainty about the future direction of US monetary policy, damping Wall Street sentiment, said Alan Skrainka of Cornerstone Wealth Management.

Apple jumped nearly 5.0 percent to US$490.64 after saying it sold more than nine million new versions of its iPhones over the three-day launch weekend, a record. Apple predicted its fourth-quarter profit and revenue would be at the high end of its prior forecast.

Microsoft edged down 0.2 percent after unveiling two new models of its Surface tablet on Monday.

Ailing BlackBerry meanwhile added 1.10 percent at US$8.82, after diving 17 percent Friday.

The Canadian smartphone maker announced it had agreed to a US$4.7 billion buyout by a consortium led by Canadian firm Fairfax Financial Holdings Limited.

It was the first day of trading of the newly configured Dow index of 30 blue-chip stocks, with Goldman Sachs, Nike and Visa replacing Alcoa, Bank of America and Hewlett-Packard.

Dow member General Electric gained 1.1 percent after winning a US$2.2 billion contract to provide turbines for six power plants in Algeria.

Boeing, another Dow component, rose 0.8 percent. Budget airline Norwegian Air Shuttle called a meeting this week with Boeing to discuss a raft of technical problems with its two 787 Dreamliners.

General Motors rose 0.8 percent after Moody's upgraded the automaker to investment quality. GM said it would buy back US$3.2 billion in shares owned by the UAW union's trust. -- AFP

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Kenyan Forces Move to Free Hostages From Mall Siege - Wall Street Journal

Posted: 23 Sep 2013 09:13 AM PDT

Associated Press

A plume of black smoke billows over the Westgate Mall, following large explosions and heavy gunfire, in Nairobi on Monday.

NAIROBI—Government security forces on Monday pushed into a Nairobi shopping mall as it spewed black smoke, in an operation to free the remaining hostages from a siege that has stretched into its third day.

Gunfire and large explosions punctuated the rescue mission, sending hundreds of bystanders scurrying away from the Westgate Mall and turning a bustling suburb of East Africa's commercial capital into a conflict zone. The smoke came from a fire set by the militants in a supermarket in an attempt to prevent the security forces from advancing, said Interior Cabinet Secretary Joseph Ole Lenku. He said it didn't foil the assault and that there were now only a few civilians left in the mall, although he declined to give a number.

"Almost all of them have been evacuated," Mr. Ole Lenku told reporters outside the mall. "There will be very, very minimal [numbers of civilians], if any, in the building." He added that Kenyan forces now were in control of all floors of the four-story building, but militants could be seen "running and hiding."

He said he could confirm 62 people had been killed since attackers armed with assault rifles and grenades stormed the shopping center at lunchtime Saturday in an attack claimed by the Somali al-Shabaab militant Islamist group. The Red Cross had previously said at least 69 were dead. Mr. Ole Lenku said the Red Cross figure might be inflated.

Before Monday's government operation, at least 47 people were believed to be still trapped inside, based on Red Cross missing persons reports.

Kenyan police have been promising an assault on the shopping center for days, but also said they were moving forward slowly in order to protect the civilians hiding inside and possibly being held at gunpoint by the attackers. Earlier Monday, police widened the security cordon around the mall, closing off additional streets to cars. Security forces could also be seen in the late morning massing near the main entrance of the mall. Helicopters circled overhead.

Kenyan police seek to clear terrorists from an upscale mall after an attack that killed more than 60 people, with as many as 40 more still missing and perhaps held hostage. The WSJ's Heidi Vogt has the details.

Photos

European Pressphoto Agency

Occasional gunshots sounded throughout the morning and then, at about 1:30 p.m., a volley of gunfire went off and two large explosions were heard. Smoke then started streaming from one side of the building. More gunshots could be heard two hours later, followed by what appeared to be return fire.

A sense of siege has permeated the city—other major malls have been closed and the government has increased security at the airport and seaport.

Mr. Ole Lenku declined to give details on the operation, but did say two of the approximately 10-15 attackers inside were killed in Monday's maneuver. He also said reports of women being among the assailants were incorrect. He said some of the militants had disguised themselves as women, but all were men. The Kenyan government has had access to the mall's closed-circuit television feed since Sunday, so has been able to monitor some of their movements. He also said 10 Kenyan security forces had been wounded and were receiving treatment.

Maj. Gen. Julius Karanja, the chief of general staff for the Kenyan military, said the attackers came from a number of countries, although he declined to provide details.

"We have an idea who these people are, and they are clearly a multinational collection from all over the world," Gen. Karanja said.

The attack began Saturday, with the assailants storming at least three entrances to the mall simultaneously. Gunfire ripped through open-air cafes at the main entrance, while a grenade exploded in the rooftop parking lot and another group of shooters opened fire in the basement garage. Kenyan officials said more than 1,000 people initially trapped inside the mall managed to escape. More than 175 people were injured in the assault.

"Their mission was to kill, not to steal," said Edwin Omoding, a 26-year-old stocker for the Nakumatt supermarket inside the mall. He said he saw about 20 attackers, including three women.

"They were questioning people, and they said, 'If you are Muslim you are on the safer side, but if you are Hindu or Christian you will be killed'," Mr. Omoding said.

He said he and four others hid next to a large walk-in refrigerator, while other people hid in the refrigerator itself. At one point the attackers shot everyone inside the refrigerator, without noticing his group. Mr. Omoding said a bullet grazed his chest but he kept quiet and remained unseen, and was rescued at 9 p.m. Saturday.

Among the dead were four Britons, two Canadians including a diplomat, two French women and a prominent Ghanaian poet, their governments said. The U.K. government, which said the Britons' next of kin had been informed, added that the number of British fatalities could rise. Local media reported that a Kenyan radio presenter was killed on the roof, and Kenyan President Uhuru Kenyatta said his nephew and nephew's fiancée died in the attack.

When the shooting started, some in the mall ran in one direction only to find themselves facing another flank of shooters. "We tried to escape through the main gate, but the attackers were also coming through that gate. So we turned and tried to go back to the basement," said Peter Ouma, a 25-year-old construction worker.

Mr. Ouma, who was in the basement when attackers entered, said they were dressed in black with their faces masked "like ninjas." He said there was one woman in that group.

"They were at all the exits; even if you wanted to escape you couldn't," Mr. Ouma said. He first hid with about 10 others under a stairwell, then managed to slide underneath a car in the parking garage and stayed there until he was rescued by soldiers Sunday morning.

The deadliest attack to hit Kenya since the 1998 U.S. embassy bombing started around 12:30 p.m. local time Saturday.

Kenyan President Uhuru Kenyatta offered condolences to those affected by the attack at Nairobi's Westgate Mall. Elsewhere, Kenyans held prayer vigils and queued up to donate blood. Photo: AP

Most of the mall's shops are on three main levels, with a few more in the basement and a movie theater that extends up onto a higher level. When news of an attack there first filtered out to the city through phone calls and text messages, initial assumptions were that it was a robbery, a common occurrence in a crime-ridden city where going into shopping centers requires handbag searches and a once-over with a metal detector.

But inside the mall, the scene was bloody. A waitress at the popular ArtCaffe restaurant said men entered the dining area and just started shooting the patrons.

Over the course of the day, Kenyan police and soldiers slowly pushed in, ushering out people who were hiding in restrooms, banks' safe rooms or the depths of restaurant kitchens.

Security forces sought to surround the attackers without knowing how many there were, where they were holed up or whether they had hostages.

President Kenyatta called the assault an "evil and cowardly act of terrorism" and vowed to continue to fight against the Somali militants. "I want to be very clear and categorical: We shall not relent on the war on terror. We will continue that fight, and we urge all people of goodwill throughout the world to join us and to ensure that we uproot this evil," he said.

—Idil Abshir, Peter Wonacott, Nicholas Bariyo and Cassell Bryan-Low contributed to this article.

Write to Heidi Vogt at heidi.vogt@wsj.com

What's the end-game? Lawmakers seek way out of ObamaCare showdown - Fox News

Posted: 23 Sep 2013 09:25 AM PDT

Concerned their party is painting itself into a corner, some Republicans are trying to find a way out of the congressional showdown over a House-passed bill that would keep the government open past Sept. 30 only if lawmakers agree to defund ObamaCare.   

Senate Democratic Leader Harry Reid on Monday is expected to start the process of setting up a test vote on the House bill.   

Reid and his fellow Democrats, naturally, want to strip out the provision defunding the health law. Republicans don't want that. So Tea Party-aligned senators like Ted Cruz have rallied around an only-in-Washington kind of approach -- in order to defend the House bill which they supported, they will try to block Reid from calling it up. 

But this raises a perplexing question: Even if Republicans can muster the votes to block the bill, what then? 

The approach threatens to end in a stalemate, with the Senate holding on to a bill and neither chamber, then, voting on anything that would keep the government open past Sept. 30. Congress hasn't passed a bona fide budget since 2009, forcing the government to operate on a series of short-term spending bills -- this practice sets up periodic deadlines, and opens the door each time to the risk of a shutdown. 

Some Republicans and Democrats are now looking for a resolution, worried about the political blowback from a shutdown. 

Sen. Pat Toomey, R-Pa., suggested Monday that his fellow Republicans set the bar a bit lower, aiming instead to repeal "some of the really egregious things" in the law. 

Speaking with Fox News, Toomey said the widely unpopular medical device tax -- which medical device companies warn could put them out of business -- is a prime candidate for repeal. Plus, he said lawmakers should continue to push for a delay in the individual mandate, which is expected to require individuals to purchase health insurance starting in 2014. 

"I don't think we're gonna be able to completely defund ObamaCare as long as President Obama's in the White House," Toomey said. 

Toomey's comments speak to the divide in the Republican Party. Many GOP lawmakers want to repeal ObamaCare entirely, warning that it is driving Americans off their current health care plans and, because of quirks in the law, forcing others into part-time work. But many also say that, with Democrats controlling the Senate and White House, defunding it is simply not possible. 

On CBS' "Face the Nation," Sen. Joe Manchin, D-W.Va., made a suggestion similar to Toomey's. 

"Let's fix it. Let's repair it," he said of the law. 

Sen. Tom Coburn, R-Okla., on the same show, was skeptical about the GOP push to defund the law. "We don't have the ability ... to put a total stop and defund ObamaCare. It would be nice if we did. I'd be in the fight," he said. 

He predicted that Reid would ultimately marshal the votes to strip out the ObamaCare language and send the budget bill back to the House. He predicted the government would not shut down over this "exercise." 

With time running out to reach an agreement, there appear to be a few possible outcomes. 

Cruz and his allies could successfully stall the bill in the Senate, forcing concessions or forcing a shutdown come Oct. 1. 

Or, Reid could succeed in calling up the bill, stripping out the ObamaCare language and sending it back to the House. Then House Speaker John Boehner would be forced to decide whether to stick by his party's demands to defund ObamaCare, or call up the clean budget bill, relying on perhaps a majority of Democrats to pass it. 

Cruz, in an interview with "Fox News Sunday," also floated an alternative route. He said the House should "hold its ground," and start passing miniature spending bills, "one department at a time." 

"Fund the military, send it over, and let's see if Harry Reid is willing to shut down the military because he wants to force ObamaCare on the American people," he said. 

While Republicans debate internally over strategy, Democratic leaders have a largely united message. 

Reid said last week that any bill that strips funding from ObamaCare is "dead." 

President Obama says any push to nix the health care law is "not going to happen."

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Ahad, 22 September 2013

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FTSE Bursa Malaysia update: 9.30am

Posted: 22 Sep 2013 07:05 PM PDT

KUALA LUMPUR: At 10.30am today, there were 140 gainers, 203 losers and 178 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,794.35 down 7.48 points, the FBMACE was at 5,369.85 up 9.90 points, and the FBMEmas was at 12,448.39 up 45.65 points.

Turnover was at 335.274 million shares valued at RM151.934 million. -- BERNAMA

Opening shares traded lower in early session

Posted: 22 Sep 2013 07:10 PM PDT

KUALA LUMPUR: Shares on Bursa Malaysia were traded lower in the early session Monday, dragged down by losses in selected heavyweights.

At 9.27 am, the benchmark index slipped 7.19 points or 0.39 per cent to 1,794.64, after opening 6.04 lower at 1,795.79. HwangDBS Vickers Research said Malaysian equities may strive to build on the positive momentum carried over from last week.

"On the chart, the benchmark FBM KLCI -- following cumulative gains of 31.0 pointS or 1.8 per cent last week – will be eager to pull further away from the psychological mark of 1,800 ahead," it said in a note today.

Meanwhile, key US bellwethers slipped between 0.4 per cent and 1.2 per cent on Friday amid concerns that the world's largest economy could be facing challenging growth prospect.

On the scoreboard, the Industrial Index inched up 0.62 of-a-point to 3,049.89, the Plantation Index chalked up 2.14 points to 8,339.05 but the Finance Index slipped 100.42 points to 16,929.85.

The FBM Emas Index declined 46.38 points to 12,448.04, the FBM100 Index was down 45.35 points to 12,188.32, the FBM 70 shed 37.87 points to 14,085.41 but the FBM Ace rose 15.31 points to 5,375.26.

Losers led gainers 195 to 136, with 168 counters unchanged, 1,090 untraded and 23 others were suspended. Volume stood at 301.61 million shares worth RM131.58 million.

Among actives, The Media Shoppe gained 2.5 sen to 15 sen, Sona Petroleum added one sen to 44.5 sen, Tanjung Offshore inched up 2.5 sen to 65.5 sen and Marco Holdings was flat at 16 sen.

Heavyweights, Maybank shed four sen to RM10.26, CIMB lost 16 sen to RM7.92, Axiata was one sen lower at RM6.90 and Sime Darby was flat at 9.52. -- BERNAMA

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