Selasa, 24 September 2013

NST Online Business Times : latest

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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

Kredit: www.nst.com.my

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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.

Kredit: www.nst.com.my

Selasa, 24 September 2013