Jumaat, 5 April 2013

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US stocks pare back losses

Posted: 05 Apr 2013 05:10 PM PDT

NEW YORK: US stocks pared back sharp losses on Friday as traders digested a surprisingly weak March labour report and watched rising global tensions with North Korea.

The Dow Jones Industrial Average dropped 40.86 points (0.28 percent) to 14,565.25.

The broad-based S&P 500 slid 6.70 points (0.43 percent) to 1,553.28, while the tech-rich Nasdaq Composite Index shed 21.12 points (0.65 percent) at 3,203.86.

The main indices had plunged in opening trade, shedding more than 1.0 percent, reeling from jobs data that came in far below expectations.

The Labour Department reported the US added only 88,000 nonfarm jobs in March, a third of the February gain and the slowest jobs growth in nine months.

Employment growth tanked far below the average analyst estimate of 192,000 jobs.

The Labour Department also reported the unemployment rate ticked down 7.6 percent from 7.7 percent in February, due to people dropping out of the workforce.

The pullback in jobs gains "was simply awful," said Fred Dickson, chief investment strategist at DA Davidson & Co.

"This piece of economic data adds some uncertainty regarding an economic surge needed near-term to push stock prices meaningfully higher."

Market sentiment was also under pressure from the worries regarding North Korean intentions after reports indicated Pyongyang had ordered two missiles to be relocated to North Korea's east coast, Briefing.com said.

Financials and tech stocks were under pressure. On the Dow, American Express slid 2.8 percent, IBM fell 0.9 percent and United Technologies was down 0.6 percent.

Blue-chip Microsoft reversed losses and gained 0.4 percent.

Oil majors Chevron and ExxonMobil fell 0.5 percent and 0.9 percent respectively.

Dow member Hewlett-Packard shed 1.5 percent after announcing its non-executive chairman Raymond Lane has decided to step down in a shakeup of the board of directors at the struggling US computer giant.

On the Nasdaq, heavyweight Apple fell 1.1 percent

Wall Street stocks had scored modest gains Thursday after the Bank of Japan's monetary stimulus plan boosted sentiment. The Dow rose 0.38 percent, the S&P 500 added 0.40 percent and the Nasdaq climbed 0.20 percent. -- AFP

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US Economy Adds Just 88000 Jobs - Wall Street Journal

Posted: 05 Apr 2013 07:51 AM PDT

The unemployment rate ticked down to 7.6% in March while only 88,000 non-farm payrolls were added to the economy. Sudeep Reddy and Phil Izzo analyze the numbers. Photo: Getty Images.

WASHINGTON—U.S. employers added jobs at the slowest pace in nine months in March, suggesting weakening economic growth as higher taxes and government spending cuts weigh on the labor market.

Employers added 88,000 jobs last month, the Labor Department said Friday. The unemployment rate, obtained by a separate survey of U.S. households, fell one-tenth of a percentage point to 7.6%, largely because of people dropping out of the work force.

There's no way to sugarcoat it: This was a lousy March employment report. Ben Casselman discusses takeaways from the jobs data. Photo: AP.

Economists surveyed by Dow Jones Newswires expected nonfarm payrolls to rise by 200,000.

"This is an extremely troubling labor-market report, given how strongly stocks have rallied and how much expectations have been lifted with optimism around the consumer and housing," said Scott Anderson, economist at Bank of the West.

The effect of higher taxes and federal-government spending cuts, known as the sequester, is "readily apparent," Mr. Anderson said.

Stocks were broadly lower in early trading Friday following the release of the data.

Separate reports this week showed that manufacturing and service-sector activity decelerated in March. Some economists have cautioned that technical factors might be partly to blame for recent disappointments in economic data.

The Nonfarm Payrolls Report

Friday's jobs report shows that talk of an early end to the Federal Reserve's bond-buying programs might have been premature. The Journal's Jon Hilsenrath has more on what the jobs report means for the Fed.

More

Private companies added 95,000 jobs, accounting for all of March's gains. Employment increased in professional and business services such as accounting, health care and construction. The construction industry has added 169,000 positions since September, a reflection of the stronger housing market. But manufacturers cut 3,000 jobs, and retailers slashed about 24,000 positions.

Consulting firm Challenger, Gray and Christmas said Thursday that the sequester hadn't yet led to significant government job cuts, though industries that rely on government contracts, such as aerospace and defense, have begun layoffs and self-imposed cost-cutting related to the federal squeeze.

On the retail front, stores may be anticipating a slowdown in consumer spending as more Americans notice that taxes have cut into paychecks.

Federal-government payrolls fell by 14,000 in March. The bulk of those cuts came at the U.S. Postal Service, which is financially troubled but isn't affected by the sequester. Local governments also trimmed payrolls, while states added positions.

Offsetting some of March's weakness, February payrolls were revised up to a gain of 268,000 from the originally reported 236,000, while January was revised to a gain of 148,000 from the previously reported 119,000.

"The U.S. is still unable to sustain what used to be just average rates of growth," said Paul Ashworth, chief U.S. economist at Capital Economics.

A Historical View

U.S. unemployment since 1948

The unemployment rate fell to its lowest level since December 2008, but mainly because about 496,000 people dropped out of the work force. Some 11.7 million workers who wanted a job couldn't find one last month.

The latest report likely means that the Federal Reserve will hold steady on its stimulus programs for now. The Fed expects the jobless rate to decline only gradually, and most officials there want to hold interest rates near zero until unemployment falls to 6.5%. Fed policy makers have signaled they will continue the central bank's stimulus programs, which include $85 billion a month in bond purchases, until they see a "substantial" improvement in the labor market.

Friday's report also said average earnings rose one cent to $23.82 an hour, while the average workweek increased 0.1 hour to 34.6 hours.

Write to Jeffrey Sparshott at jeffrey.sparshott@dowjones.com and Josh Mitchell at joshua.mitchell@dowjones.com

1 person dead, no children seriously injured, in Wadsworth school bus crash - ABC7Chicago.com

Posted: 05 Apr 2013 09:09 AM PDT

[unable to retrieve full-text content]

ABC7Chicago.com

1 person dead, no children seriously injured, in Wadsworth school bus crash
ABC7Chicago.com
April 5, 2013 (WADSWORTH, Ill.) (WLS) -- One person is dead after a school bus crash in Wadsworth, but no children were seriously injured, officials said. PHOTOS: School bus flips after crash in Wadsworth, Ill.
One dead in Newport School bus crash, minor injuries to kidsChicago Sun-Times
1 killed in accident involving school bus carrying more than two dozen students ...Fox News
One dead in three-vehicle crash near Wadsworth involving school busChicago Daily Herald
Lake County Journal -WDJT -MyStateline.com
all 46 news articles »
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Khamis, 4 April 2013

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RHB upgrades IOI Corp to 'neutral'

Posted: 04 Apr 2013 06:57 PM PDT

RHB Research upgraded IOI Corp Bhd to 'neutral' from
'sell' as it expects higher earnings from the company's property division to offset the poor performance of its plantation business.

IOI's upstream plantation business could be affected by
'lacklustre' palm oil prices, although the company will be supported by its property developments in Malaysia and Singapore, the research house said in a note on Friday. The brokerage raised its target price on IOI to RM4.90 from RM4.70.

Shares of IOI were down 1.03 per cent at RM4.81 as of 9.27am, while the benchmark index was lower 0.26 per cent.-- Reuters

KL shares mixed on mild profit-taking

Posted: 04 Apr 2013 06:48 PM PDT

Share prices on Bursa Malaysia opened mixed in the early session today due to mild profit-taking after recent gains, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) was down 3.86 points to 1,684.60 at 9.15am, after opening 2.15 points weaker at 1,686.31.

HwangDBS Vickers Research in a note today said on the back of higher trading volume for the past two days, the FBM KLCI touched its all-time high of 1,700 points in yesterday morning, before softening and closing three points higher for the day.

The research house expects the index could be testing the 1,700 level again as the US leading index closed 0.2-0.4 per cent higher yesterday driven by Bank of Japan's announcement to expand its stimulus programme.

Back home, investors are now waiting eagerly for the announcement of the polling date for Malaysia's most hotly contested election in history, it added.

The Finance Index declined 61.60 points to 15,761.62, the Industrial Index inched up 3.10 points to 2,903.70 and the Plantation Index removed 29.26 points to 7,996.16.

The FBM Emas Index erased 10.59 points to 11,534.01, the FBMT100 slumped 14.370 points to 11,361.96 but the FBM Mid 70 Index gained 32.67 points to 12,815.31 while the FBM Ace Index rose 11.50 points to 4,012.66.

Advancers led decliners 139 to 84, with 131 counters unchanged, 1,263 untraded and 23 others suspended.

Turnover stood at 57.690 million shares worth RM60.505 million.

Among actives, LBS Bina moved up three sen to RM1.10, Ecofirst Consolidated earned half-a-sen to 16 sen, Symphony House added 1.5 sen to 11.5 sen and XOX increased a sen to 15.5 sen.

As for heavyweights, Maybank was up two sen to RM9.47, CIMB rose four sen to RM7.60, Axiata inched up a sen to RM6.63 and Sime Darby was flat at RM9.27.-- Bernama

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Guessing the Sentences in Hillary Clinton's New Book - Vanity Fair

Posted: 04 Apr 2013 08:55 AM PDT

And while we're on the subject of the 2016 presidential race: Hillary Clinton, the pre-presumptive Democratic nominee, has announced a forthcoming book project for next summer. Per Simon & Schuster: "The yet-to-be titled book will use a number of dramatic moments during Secretary Clinton's tenure as Secretary of State to frame her thoughts about the recent history of U.S. foreign policy and the urgent, ongoing need for American leadership in a changing world." Fun! Makes a great gift for people vaguely interested in politics whose birthdays/graduations/housewarmings you forgot.

As is VF.com tradition, we will now be playing the best political-memoir game in the world, Guess The Sentences. To answer your two questions: you play by guessing the sentences likely to appear in Hillary Clinton's new book; and no, we have not figured out a better name for this feature in the two years we have been playing this game. Onward!

"I don't think the Indian ambassador very much cared for Vice President Biden's impression of the gentleman who had sold him his coffee."

"People always ask me about it but actually I, too, completely forgot Bill and I owned a cat and honestly have no idea where Socks is."

"It was the 90s, for Chrissakes!"

"I explained to Governor Romney that the United States does not have an embassy in the Cayman Islands, but Mrs. Romney would not take 'no' for an answer."

"The Indian ambassador was disappointed that Vice President Biden insisted on doing that impression so soon after we had to suffer through it the first time."

"Do I think the fall 2014 war with India could have been avoided? Frankly, yes."

Craigslist Murder Case: Richard Beasley, Ohio man, sentenced to death for ... - CBS News

Posted: 04 Apr 2013 07:35 AM PDT

Richard Beasley sits in court at the Summit County Courthouse in Akron, Ohio on Mar. 26, 2013

/ AP Photo, Akron Beacon Journal, Ed Suba Jr.

(CBS/AP) AKRON, Ohio - A self-styled street preacher who teamed up with a high school student in a deadly plot to lure men with bogus Craigslist job offers was sentenced to death Thursday.

An Ohio judge sentenced 53-year-old Richard Beasley after a jury recommended last week that he be executed.

Beasley was convicted of teaming up with a teenager in 2011 to lure men with offers of farmhand jobs in southeast Ohio. Three men were killed and a fourth wounded.

Co-defendant Brogan Rafferty, who was then 16 years old, was too young to face the death penalty. Rafferty was sentenced to life in prison without the chance of parole on his conviction last year.

Complete coverage of the Craigslist Murder Case on Crimesider


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Rabu, 3 April 2013

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TPP talks could stretch into 2014

Posted: 03 Apr 2013 06:57 PM PDT

WASHINGTON: Free-trade talks between the US and 10 countries in the Asia-Pacific region could stretch into late next year, especially if Japan joins the negotiations, former US trade officials said on Wednesday.

"While it's true that meaningful progress has been made over the last 16 rounds, the negotiations are not close to conclusion by any reasonable measure," Jay Eizenstat, a former US trade negotiator, said at a Washington International Trade Association event.

Even if Japan stays out of the talks, "I think it would be improbable to conclude negotiations this year. With the involvement of Japan, ... it's optimistic to think they will be concluded by the end of next year," Eizenstat said.

The 11 countries negotiating the Trans-Pacific Partnership (TPP) pact want to reach an accord this year, possibly as early as October, when regional leaders will gather in Bali for the annual Asia Pacific Economic Cooperation (APEC) summit.

Japan, the world's third-largest economy, asked in the past month to join the talks and is awaiting a formal decision by other TPP members.

That could come this month at an APEC trade ministers meeting in Surabaya, Indonesia. But even then, the Obama administration intends to give Congress 90 days notice before starting talks with Japan.

"There's a lot of things (like Japan joining the talks) ... that are happening that make this very complex and keeps adding to the difficulty of getting this done," said Allen Johnson, a former chief US agricultural trade negotiator.

Since Japan is such an economic powerhouse, it will be much harder for the US to demand that it eliminate virtually all of its agricultural tariffs, which has been Washington's approach with smaller free-trade partners, Johnson said.

Other issues with Japan, such as barriers to its auto and insurance markets, are expected to be tough to resolve by the end of this year, the former trade officials said.

The current TPP members are the US, Canada, Mexico, Peru, Chile, Australia, New Zealand, Singapore, Malaysia, Vietnam and Brunei. Canada and Mexico joined the negotiations at the 15th round in New Zealand.

Don Johnson, a former textile trade negotiator and former member of Congress, said Vietnam is pushing hard for the US to remove tariffs and other barriers to its clothing exports, but is running into opposition from some US lawmakers.

"Even though we're heading into the 17th round (next month in Peru), we haven't reached the point now where we can tell exactly what (the deal) is going to look like," Johnson said.

"Of course, everyone would like to see it end this year, but that seems fairly optimistic," he said.-- Reuters

KL shares rebound after early decline

Posted: 03 Apr 2013 07:16 PM PDT

Share prices on Bursa Malaysia rebounded from early decline today to surge to an all-time intra-day high of 1,700.55, lifted by gains in banking and telecommunications bluechips.

The FTSE Bursa Malaysia KLCI was up 10.48 points at 1,695.88 at 9.15am, after opening 4.43 points weaker at 1,680.97.

Turnover was 49.13 million shares valued at RM63.33mil. There were 106 gainers, 85 losers and 133 counters.

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Mike Rice fired by Rutgers after video shows coach abusing players - CBS News

Posted: 03 Apr 2013 08:54 AM PDT

PISCATAWAY, N.J. Rutgers fired basketball coach Mike Rice on Wednesday after a videotape aired showing him shoving, grabbing and throwing balls at players in practice and using gay slurs during practice.

The videotape, broadcast Tuesday on ESPN, prompted sharp criticism from Gov. Chris Christie, and the head of the New Jersey Assembly called for Rice to be fired.

With mounting criticism on a state and national level, the school decided to take action, relieving Rice of his duties after three largely unsuccessful seasons at the Big East school. There will be a national search to replace him.

Rutgers athletic director Tim Pernetti was given a copy of the video in late November by a former employee. After hiring independent investigators to analyze the tape, he suspended Rice for three games, fined him $75,000 and ordered him to attend anger management classes. University president Robert Barchi saw the tape and signed off on the initial punishment.

But in a Wednesday email, Rutgers referred to new information and "a review of previously discovered issues" as the reasons for Rice's termination.

"I am responsible for the decision to attempt a rehabilitation of Coach Rice," Pernetti said. "Dismissal and corrective action were debated in December and I thought it was in the best interest of everyone to rehabilitate, but I was wrong. Moving forward, I will work to regain the trust of the Rutgers community."

Less than an hour after the dismissal, Barchi released a statement.

"Rutgers University has a long and proud history as one of the nation's most diverse and welcoming academic institutions. Coach Rice's abusive language and actions are deeply offensive and egregiously violate the university's core values," the statement said.

"When video excerpts of basketball practices were reviewed last fall by athletic director Tim Pernetti, he immediately notified me and sought the advice of internal and outside counsel. The university hired an independent investigator to look into this matter thoroughly. Based on the external investigator's findings and recommendations, Tim and I agreed that Coach Rice should be suspended, penalized $75,000 in fines and lost salary, ordered to undergo anger management counseling, and put on notice that his behavior would be closely monitored. Tim Pernetti also made it clear to Coach Rice that there would be zero tolerance for additional infractions. Tim kept me fully apprised and I supported his actions."

Rice, who helped Robert Morris to two NCAA tournament appearances, was one of the hot coaching candidates in the spring of 2010. He interviewed with Fordham, where he played as a guard, only to not get the chance to return to his alma mater. Eventually, there was a difference in opinion in the school's search committee, and Rice's fiery, in-game behavior was a sticking point.

But Rutgers, and Pernetti, took a chance on him not long after that. The Scarlet Knights had an opening because of the unexpected dismissal of Fred Hill, Jr., and Rice, who has strong New Jersey recruiting roots, seemed like a fit.

But he wasn't able to push Rutgers into the upper echelon of the conference, and went just 44-51 at Rutgers. Rice posted just a 16-38 mark in the Big East, after going 73-31 in three seasons at Robert Morris. The Scarlet Knights went 15-16 this season and 5-13 in the league.

But his success — or lack thereof — on the court is all secondary now. The school is no longer dealing with an issue of wins and losses, but of right and wrong.

"Yesterday, I personally reviewed the video evidence, which shows a chronic and pervasive pattern of disturbing behavior. I have now reached the conclusion that Coach Rice cannot continue to serve effectively in a position that demands the highest levels of leadership, responsibility and public accountability," Barchi wrote. "He cannot continue to coach at Rutgers University."

For the second time in as many days, Christie released a statement on Wednesday, as well.

"This was a regrettable episode for the University, but I completely support the decision to remove Coach Rice," the statement said. "It was the right and necessary action to take in light of the conduct displayed on the videotape.

"Parents entrust their sons to the Rutgers athletic department and the men's basketball program at an incredibly formative period of their lives. The way these young men were treated by the head coach was completely unacceptable and violates the trust those parents put in Rutgers University. All of the student-athletes entrusted to our care deserve much better.

"As we move on from this incident, I am very optimistic that Rutgers will select a new head coach who not only puts a winning team on the court, but will make everyone proud of the example he sets every day for the young men in his charge."

CBSSports.com's Jeff Goodman says Rutgers should strongly consider Danny Hurley, the head basketball coach at the University of Rhode Island, as their next coach.

"Danny Hurley built St. Benedict's Prep virtually from scratch and is about as plugged into New Jersey as it gets," Goodman writes. "He was a point guard at Seton Hall in the early 1990s and was also an assistant at Rutgers from 1997 to 2001."

Goodman added: "Hurley is tough, but he won't be playing dodgeball with his players and tossing them around like rag dolls. He'll put Rutgers on the map -- for the right reasons. Winning games."

In an interview with WFAN Radio in New York on Tuesday, Pernetti confirmed that Barchi viewed the tape last fall and agreed with the punishment. But ESPN's broadcast prompted an outcry, led by the governor himself.

The video shows numerous clips of Rice at practice firing basketballs at players, hitting them in the back, legs, feet and shoulders. Rice was also shown pushing players in the chest and grabbing them by their jerseys and yanking them around the court. Rice could be heard yelling obscenities at players and using gay slurs.

"You don't do that. You cannot do that," Andy Staples, senior writer of Sports Illustrated, told CBS News. "That may have been OK in 1950. It is not OK in 2013."

Assembly Speaker Sheila Oliver (D-Essex/Passaic) called Rice's conduct "unacceptable not only at our state university, but in all circumstances. It is offensive and unbecoming of our state."

"Mike Rice should no longer be employed by Rutgers University," Oliver said. "He must go. Meanwhile, the decision not to dismiss him last year needs a complete and thorough review."

After landing the position in 2010, Rice moved his family from Pittsburgh to Little Silver, N.J. He quickly became part of the fabric of that community, often attending church functions and youth games that his children played in. But on the practice floor, some 30 miles away, obviously, a different person surfaced.

"You have to be always cautious about public reaction, because the reaction the public is having is the same I had when I saw it (the film)," Pernetti told the radio station. "I am factoring everything into what we do going forward."

Pernetti said he understands why many asked why Rice wasn't fired after the initial investigation.

"I spent more time with that option on whether we should fire Mike or not than any other option," he said. "There is a lot of hindsight, 20-20. I made that decision. I am accountable for it. I have to live with it."

Rice was Pernetti's first major hire after getting the AD's job. And after the regular season, in fact, despite the suspension and the losing record, Pernetti announced at the Big East tournament that Rice would return to the Rutgers bench.

Assemblyman Reed Gusciora (D-Mercer/Hunterdon) called Rice's conduct is indefensible, and said he should have been fired in December, after the tape was given to Pernetti. Gusciora also said Pernetti's decision deserves a full review.

"If the university does not act, I will seek to add a provision to the state budget defunding Mr. Rice's salary," Gusciora said. "Taxpayers should not be paying for this behavior."

Pernetti said his decision to only suspend Rice was made in part because the coach was remorseful and admitted he made mistakes. Pernetti said Rice also worked hard to improve himself with the counseling, the practice monitor while working on his own behavior.

Rice had a reputation as being "a fiery guy with an edge" before coming to Rutgers and Pernetti said the two talked about it for five hours before he was hired.

"He convinced me he understood his reputation, but he also understood where the line was," Pernetti said. "I made clear to him if he crossed the line he would be held accountable. In this case he did, and we held him accountable for it."

That might not be enough in the wake of the video made by Eric Murdock, the former NBA player who was hired by Rice to be director of player development.

The two had a falling out over Murdock's appearances at a camp, and Pernetti said Murdock's contract was not renewed. Murdock, who said he was fired, then compiled the video, splicing together the practice lowlights of Rice's first three years as coach.

Pernetti said about 60 percent of the incidents happened in Rice's first season. He also was upset with Rice using a certain gay slur at a university where student Tyler Clementi committed suicide after a roommate used a webcam to see him kissing a man.

"I would tell you that that word was at the core of the suspension," Pernetti said. "It absolutely concerns me. It's not acceptable."

On Tueday, Lebron James tweeted:

This is another in a long line of embarrassing incidents regarding this program. Rutgers had to fire Hill, Jr., just before hiring Rice because the former acted inappropriately at a Rutgers baseball game that his father, Fred, Sr., was coaching. And Hill replaced Gary Waters, who missed a home game because he was snowbound in Ohio after being honored the night before by Kent State.

Before all of that, Kevin Bannon was fired after questionable practice decisions regarding his players. Bannon ordered two Scarlet Knights and two student managers to run sprints naked during a foul-shooting contest. Both of them later transferred from the school.

The Scarlet Knights haven't qualified for the NCAA tournament since 1991.

At Least 44 Killed in Taliban Assault and Standoff - New York Times

Posted: 03 Apr 2013 09:17 AM PDT

KABUL, Afghanistan — In one of the most deadly insurgent attacks in the decade-long war here, nine Taliban fighters dressed as Afghan soldiers stormed a government compound in western Afghanistan on Wednesday morning, leaving at least 44 people dead and wounding more than 100 in a hostage standoff.

The complex assault began at around 8:45 a.m., when two suicide attackers detonated explosives packed into an army truck at the entrance gate of the provincial government compound in Farah, according to police officials. After the explosion, which ripped through the mayor's office and neighboring buildings, insurgents rushed the packed provincial courthouse, taking civilians and a handful of employees hostage.

Afghan security forces surrounded the building, firing at the Taliban fighters tucked away on the second floor. At some point during the nearly 7-hour gunfight, the insurgents took the hostages downstairs to the basement and shot them, the police said.

By 4 p.m., the fight was over, leaving behind a scene of carnage and destruction. The death toll: 34 civilians, 10 Afghan security forces and all nine insurgents, the Farah police said. More than 100 people, mostly civilians, suffered wounds.

The attack highlighted the deteriorating security situation in Farah, a restive province that borders Iran to the west. The last major assault in the province occurred in May, when four insurgents dressed as police officers staged an attack on the governor's compound, killing at least 11 people and wounding a dozen others. But violent attacks in general have been on the rise recently in the province.

Officials from Farah said the province has become a hotbed for the insurgency and drug traffickers, as the government focuses its resources on more violent areas of the country. Humaira Ayobi, a member of the parliament representing Farah, said a recent effort by the police to stem the drug trade may have contributed to the violence seen Wednesday. Last month, five police officers were killed in the province while conducting a poppy eradication campaign.

As warm weather spreads throughout Afghanistan, a period referred to as the fighting season, Taliban violence is expected to increase.

"Farah is bleeding and crying today," said Humaira Ayobi, a member of the parliament representing Farah. "The province will mourn for weeks."

On the street where the attack took place Wednesday, witnesses described a nightmarish scene, with bodies splayed all over the street. Ambulances carted charred bodies from the buildings, among them the offices of the mayor, prosecutor and the governor, among other officials.

"When I reached the street I saw that all shops and houses around the court house were destroyed," said Jalil Khan, 47, a civil servant at the customs office. "I saw men, women and some children lying on the ground, bleeding or burned. Some of them didn't know where they were or what had happened to them."

Shujauddin, 22, a teacher in Farah city, said he was in the courthouse to address a land dispute when the first explosion struck the government compound. When Shajauddin, who uses one name, tried to escape, he was shot in the arm twice and caught a third bullet in the leg. He woke up hours later in the hospital, he said.

The attack in Farah Province coincided with the highly anticipated return of Afghanistan's powerful intelligence chief, Asadullah Khalid, who was seriously wounded in a December suicide attack. Mr. Khalid, who was treated in the United States and required multiple surgeries, returned to Kabul on Wednesday morning.

Mr. Khalid's return, heralded by "Welcome" banners strung from traffic posts across the city of Kabul, is seen by many as a symbolic victory for the Afghan government. At the time of the attack last December, when an insurgent detonated a hidden bomb at a National Directorate of Security guesthouse, Mr. Khalid's very survival, no less his return, was in question.

But for months, the government promised he would again take the helm of the intelligence agency. On Wednesday, the agency, known as the N.D.S., issued a statement celebrating his return and promising to "continue its services day and night to bring security, peace and stability to the country."

A former governor of Kandahar and Ghazni Provinces and close associate of President Hamid Karzai, Mr. Khalid has presided over a fierce crackdown on the Taliban during his tenure as chief of the National Directorate of Security. He is also seen as a relentless detractor of Pakistan.

His efforts have won him both praise and criticism from Western officials.

While he received visits from President Obama and Defense Secretary Leon Panetta while hospitalized in America, the intelligence chief has been dogged by allegations of corruption and that he was associated with a torture prison while governor of Kandahar.

Those concerns have followed him to the N.D.S., which has been accused by the United Nations of prisoner abuse in its prison facilities. Mr. Khalid and the N.D.S. have denied the allegations of torture and corruption.

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Selasa, 2 April 2013

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KL shares open higher in early trading

Posted: 02 Apr 2013 06:43 PM PDT

Share prices on Bursa Malaysia were traded higher in the early session on Wednesday lifted by gains in bluechips especially in the telco and banking sectors, dealers said.

After 21 minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.90 points to 1,691.90, after opening 3.33 points higher at 1,688.33.

The Finance Index surged 106.80 points to 15,896.41, the Industrial Index perked 10.45 points to 2,893.96 and the Plantation Index added 3.08 points to 7,963.12.

The FBM Emas Index advanced 38.17 points to 11,559.38, the FBMT100 climbed 38.90 points to 11,394.37 and the FBM Mid 70 Index increased 11.67 points to 12,781.25.

The FBM Ace Index was 6.55 points higher at 4,025.14.

Advancers led decliners by 166 to 79, with 149 counters unchanged, 1,223 untraded and 23 others suspended.

Turnover stood at 83.262 million shares worth RM134.391 million.

Among actives, Tebrau Teguh fell four sen to RM1.40, IRM added 1.5 sen to 14.5 sen and Sanichi Technology was unchanged at 7.5 sen.

As for heavyweights, Maybank was up 11 sen to RM9.52, CIMB gained 10 sen to RM7.75, while Axiata and Sime Darby stood at RM6.64 and RM9.27 respectively.-- Bernama

Ringgit opens lower versus US dollar

Posted: 02 Apr 2013 06:46 PM PDT

The ringgit opened lower against the US dollar in early trading today, driven by lack of demand for the local currency amid the favourable economic outlook in the US, dealers said.

At 9am, the ringgit was quoted at 3.0910/0930 from 3.0865/0895 at
yesterday's close.

A dealer said investors' interest in the greenback was spurred after reports of new orders for manufactured goods rose three per cent in February, topping expectations of a 2.6 per cent increase.

Meanwhile, the local currency was traded higher against other major currencies.


The local note opened slightly higher against the Singapore dollar at 2.4937/4956 from 2.4939/4966 on Tuesday and strengthened against the Japanese yen to 3.3024/3063 from 3.3142/3192 yesterday.

The ringgit rose against the British pound to 4.6622/6661 from 4.6955/6010 and appreciated against the euro to 3.9580/9612 from 3.9643/9691 previously.-- Bernama

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