Ahad, 6 Oktober 2013

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UPDATE 2-Libya, Somalia raids show US reach, problems - Reuters

Posted: 06 Oct 2013 09:16 AM PDT

Sun Oct 6, 2013 11:32am EDT

* Libyan wanted for 1998 embassy bombings seized in Tripoli

* Libyan prime minister seeks explanation for "kidnapping"

* Somali port raid on al Shabaab fails to take target

* Kerry: "Terrorist organisations can run but they can't hide"

By Ghaith Shennib and Abdi Sheikh

TRIPOLI/MOGADISHU, Oct 6 (Reuters) - Two U.S. raids in Africa show the United States is pressuring al Qaeda, officials said on Sunday, though a failure in Somalia and an angry response in Libya also highlighted Washington's problems.

In Tripoli, U.S. forces snatched a Libyan wanted over the bombings of the U.S. embassy in Nairobi 15 years ago and whisked him out of the country, prompting Secretary of State John Kerry to declare that al Qaeda leaders "can run but they can't hide".

But the capture of Nazih al-Ragye, better known as Abu Anas al-Liby, also provoked a complaint about the "kidnap" from the Western-backed prime minister; he faces a backlash from armed Islamists who have carved out a share of power since the West helped Libyan rebels oust Muammar Gaddafi two years ago.

In Somalia, Navy SEALS stormed ashore into the al Shabaab stronghold of Barawe in response to the attack last month on a Kenyan mall but, a U.S. official said, they failed to capture or kill the unnamed target among the Somali allies of al Qaeda.

Kerry, on a visit to Indonesia, said President Barack Obama's administration was "pleased with the results" of the combined assaults early on Saturday: "We hope this makes clear that the United States of America will never stop in its effort to hold those accountable who conduct acts of terror," he said.

Two years after Navy SEALs finally tracked down and killed al Qaeda founder Osama bin Laden in Pakistan, a decade after al Qaeda's Sept. 11 attacks on the United States in 2001, the twin operation demonstrated the reach of U.S. military forces in Africa, where Islamist militancy has been in the ascendant.

But the forays also threw a spotlight on how Somalia remains a fragmented haven for al Qaeda allies more than 20 years after Washington intervened in vain in its civil war and on how Libya has descended into an anarchic battleground on the Mediterranean that stretches deep south into the Sahara.

Disrupting the organisation of its most aggressive enemy in an oil-rich state that is awash with arms and sits on Europe's doorstep may have been more the priority in seizing Liby than putting on trial a little known suspect in the 1998 bombings of the U.S. embassies in Kenya and Tanzania that killed 224 people.

LIBYA RISKS

One Libyan security official, himself a former commander of Islamist rebels against Gaddafi, warned that al Qaeda and its allies would prepare a violent response to the snatching of Liby as he returned to his suburban home from dawn prayers.

Clearly aware of the risks to his government of complicity in the U.S. raid, Prime Minister Ali Zeidan said in a statement: "The Libyan government is following the news of the kidnapping of a Libyan citizen who is wanted by U.S. authorities.

"The Libyan government has contacted U.S. authorities to ask them to provide an explanation."

Abdul Bassit Haroun, a former Islamist militia commander who works with the Libyan government on security, said the U.S. raid would show Libya was no refuge for "international terrorists".

"But it is also very bad that no state institutions had the slightest information about this process, nor do they have a force which was able to capture him," he told Reuters.

"This means the Libyan state simply does not exist."

He warned that Islamist militants, like those blamed for the fatal attack on the U.S. consulate in Benghazi a year ago, would hit back violently: "This won't just pass," Haroun said.

"There will be a strong reaction in order to take revenge because this is one of the most important al Qaeda figures."

SOMALI CHAOS

Somalia's Western-backed government said it did cooperate with Washington, though its control of much of the country, including the port of Barawe, just 180 km (110 miles) south of the capital Mogadishu, is limited by powerful armed groups.

"We have collaboration with the world and with neighbouring countries in the battle against al Shabaab," Prime Minister Abdi Farah Shirdon said when asked of Somalia's role in the raid.

U.S. forces have used airborne drones to kill Somalis in the past and last year SEALs freed two kidnapped aid workers there.

Somali police said seven people were killed in Barawe. U.S. officials said their forces took no casualties but had broken off the fighting to avoid harming civilians. They failed to capture or kill their target during fighting around dawn at a seaside villa that al Shabaab said was one of its bases.

A Somali intelligence official said a Chechen commander, who might have been the Americans' target, was wounded.

In Somalia, al Shabaab spokesman Sheikh Abdiasis Abu Musab told Reuters no senior figure was present when the Americans came ashore. He said: "Ordinary fighters lived in the house and they bravely counter-attacked and chased off the attackers."

A U.S. official was quoted as saying the raid was planned in response to the Westgate mall attack by al Shabaab gunmen in which at least 67 died last month. The group said it was hitting back at Kenyan intervention in Somalia, which has forced it from much of its territory. It also targeted Westerners out shopping.

AFRICAN VIOLENCE

From Nigeria in the west, through Mali, Algeria and Libya to Somalia and Kenya in the east, Africa has seen major attacks on its own people and on Western economic interests, including an Algerian desert gas plant in January and the Nairobi mall as well as the killing of the U.S. ambassador in Libya a year ago.

The trend reflects a number of factors, including Western efforts to force al Qaeda from its former base in Afghanistan, the overthrow of anti-Islamist authoritarian rulers in the Arab Spring of 2011 and growing resentment among Africa's poor with governments they view as corrupt pawns of Western powers.

Western intelligence experts say there is evidence of growing links among Islamist militants across northern Africa, who share al Qaeda's goal of a strict Islamic state and the expulsion of Western interests from Muslim lands.

Liby, who has been reported as having fled Gaddafi's police state to join bin Laden in Sudan in the 1990s before securing political asylum in Britain, may have been part of that bid to consolidate an operational base, analysts say.

Wanted by the FBI, which gives his age as 49 and had offered a $5 million reward for help in capturing him, Liby was indicted in 2000 along with 20 other al Qaeda suspects including bin Laden and current global leader Ayman al-Zawahri.

Charges relating to him personally accused him of discussing the bombing of the Nairobi embassy in retaliation for the U.S. intervention in the Somali civil war in 1992-93 and of helping reconnoitre and plan the attack in the years before 1998.

Obama, wrestling with the legal and political difficulties posed by prisoners at the U.S. military base at Guantanamo Bay in Cuba, has said he does not want to send more suspects there. But a spokeswoman for the White House National Security Council said it was still not decided where Liby would be tried.

His indictment was filed in New York, making that a possible venue for a civilian, rather than military, trial. It was unclear where Liby was on Sunday. U.S. naval forces in the Mediterranean, as well as bases in Italy and Germany, would provide ample facilities within a short flight time.

Neighbours and Libyan Islamist militia sources said the capture of Liby appeared to go smoothly.

"As I was opening my house door, I saw a group of cars coming quickly from the direction of the house where al-Ragye lives. I was shocked," said one neighbour in the residential district in southern Tripoli. "They kidnapped him."

Libyan premier Zeidan has been appealing for aid to restore security from the Western powers that helped topple Gaddafi. But with the sprawling country of six million in deepening chaos, its oilfields at times shut by protests and power in the hands of rival bands, little has been forthcoming.

Gulf Coast eases storm prep as Karen is downgraded - USA TODAY

Posted: 06 Oct 2013 08:52 AM PDT

Janet McConnaughey and Stacey Plaisance, Associated Press 11:34 a.m. EDT October 6, 2013

NEW ORLEANS (AP) — Much of the Gulf Coast was returning to normal Sunday as the storm Karen, downgraded to a tropical depression, lumbered off Louisiana's extreme southeast coast.

The storm threatened to unleash heavy rains on low-lying areas, but southeastern Louisiana parishes had lifted evacuation orders, and Plaquemines Parish closed a shelter where more than 80 people had taken refuge Saturday.

"We got some rain, no street flooding, so we're looking pretty good. … We're not expecting any flooding," Plaquemines Parish spokeswoman Caitlin Campbell said Sunday morning.

All tropical storm warnings had been discontinued. The National Hurricane Center in Miami said the storm would likely downgrade further and move later Sunday near or over parts of southeastern Louisiana. It was drifting to the northeast near 2 mph with maximum sustained winds of 30 mph, and was expected to cross near or over the Florida Panhandle sometime Monday. Rain accumulations of 1 to 3 inches were expected.

Even as some preparations were dropped, forecasters and emergency officials warned residents to keep an eye on developments.

Wind and waves uncovered tar balls on the beaches of Grand Isle, La., and crews headed out Sunday to check on them, Mayor David Camardelle Jr. said. He was sure they were from the 2010 Gulf oil spill. "After a spill like that in the Gulf of Mexico, anytime low pressure stirs up the Gulf it comes back and stirs up the oil on the beach. Tar balls have been spread all over. We always expected it," he said.

In Lafitte, La., Mayor Timothy Kerner said he was relieved the storm lost steam and didn't continue to push up the tide in his flood-prone community. The water lapped at the edge of the main roadway through town in some low-lying areas but stopped short of flooding streets and lawns.

"Everything's good," Kerner said Sunday morning. "It's looking really good for Lafitte. The tide is already starting to recede, so we're in great shape."

Kerner said crews would work to remove the sandbags placed in low-lying stretches of shoreline along Bayou Barataria, which empties into the Gulf of Mexico. He said the precautionary measure was worth it: "It's always easier to pick up sandbags than to clean up a flood."

Some of the flood gates closed Saturday to protect waterways from storm-driven tides were reopened Sunday. The U.S. Army Corps of Engineers had not done so by 9 a.m., but Plaquemines Parish was opening the floodgate at Empire, about 40 miles up the Mississippi River from the Gulf of Mexico.

Vessel traffic at the mouth of the Mississippi River, halted since Friday morning, resumed at 12:15 a.m. Sunday, the Coast Guard said.

The Port of New Orleans remained busy, port officials said in a news release, with some of the nine ships at dock there still working cargo. Two cruise ships delayed by the storm were expected at New Orleans on Sunday, Carnival Cruise Lines said in a news release.

In Mississippi, Emergency Management Agency spokesman Brett Carr said the state's National Guard was demobilized Saturday and emergency operations were being scaled back.

Similar action was taken in Florida, with the state emergency response team returning to normal operations. Pensacola saw wind and some clouds Sunday, though the surf was less rough than earlier in the weekend.

In Alabama, intermittent heavy rains moved across the coast and winds were brisk, but the weather didn't keep tourists off the beach. A few people fished in the surf.

Authorities said dangerous rip currents were still present, and double red flags flew to indicate no one should enter the water. Stephie Burford of Warrior, Ala., kept one hand on her visor, the other holding her coffee, as she went for a morning walk on the sand.

"This wind is just tearing you up," she said. I didn't even consider bringing my beach umbrella or coming out here to do anything but just walk because the wind is so bad."

————

Plaisance reported from Lafitte, La. Associated Press reporters Melissa Nelson and Suzette Laboy in Pensacola, Fla., and Jay Reeves in Gulf Shores, Ala., contributed to this story.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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House approves federal worker back pay as shutdown enters 5th day - Chicago Tribune

Posted: 05 Oct 2013 08:23 AM PDT

WASHINGTON—

The Republican-led U.S. House of Representatives unanimously approved a bill on Saturday that would retroactively pay 800,000 furloughed workers once the now 5-day-old government shutdown ends.

The measure now goes to the Democratic-led Senate for concurrence. The White House has said that President Barack Obama will sign it into law.

There is no end in sight to the shutdown, and there are still no bipartisan negotiations as Washington entered the fifth day of a partial government shutdown on Saturday even as another, more serious conflict over raising the nation's borrowing authority started heating up.

The U.S. House of Representatives prepared for a Saturday session but with no expectations of progress on either the shutdown or a measure to raise the nation's $16.7 trillion debt ceiling. Congress must act by Oct. 17 in order to avoid a government debt default.

Republican House Speaker John Boehner tried on Friday to squelch reports that he would ease the way to a debt ceiling increase, stressing that Republicans would continue to insist on budget cuts as a condition of raising the borrowing authority.

On the shutdown, Boehner said Republicans were holding firm in their demand that in exchange for passing a bill to fund and reopen the government, President Barack Obama and his Democrats must agree to delay implementation of Obama's health care law.

The launch date for Obamacare health insurance exchanges came and went on Oct. 1, meaning Republicans are now in a more difficult political position of trying to stop something that has already begun.

Although essential government functions like national security and air traffic control continue, the economic and policy effects of the shutdown are amplified the longer hundreds of thousands of federal workers remain at home and unpaid.

Negotiations on tax and free trade treaties are on hold, enforcement of sanctions against Iran and Syria are being hindered, and a government tester of dangerous consumer products spends his days at home.

"Do not mistake this momentary episode in American politics as anything more than a moment of politics," U.S. Secretary of State John Kerry told reporters at an Asia-Pacific leaders conference in Bali, Indonesia, on Saturday.

"Nothing will diminish our commitment to Asia...we will continue to fulfill our responsibilities and our engagement around the world," said Kerry, who is standing in for Obama after the president cancel his Asian trip.

TEMPERS FRAY

Nerves and sometimes tempers frayed on Friday after several weeks of long sessions of Congress and non-stop posturing.

"This isn't some damn game," said Boehner, responding to a Wall Street Journal article that quoted an unidentified White House official saying Democrats were "winning" the shutdown battle.

The Democratic president reiterated that he was willing to negotiate with Republicans, but said, "We can't do it with a gun held to the head of the American people."

"There's no winning when families don't have certainty over whether they're going to get paid or not," Obama told reporters when he visited a downtown Washington lunch spot that was offering a discount to furloughed federal government workers.

The shutdown began on Tuesday when the Republican-led House of Representatives refused to approve a bill funding the government unless it included measures designed to delay or defund key provisions of Obama's signature legislation, the 2010 Affordable Care Act, which are now being implemented.

Obama again appealed to Boehner to bring a "clean" funding bill - without reference to the health reforms - to a vote in the House, where many Democrats believe it could pass with a combination of Democrats and a few of the majority Republicans.

POSSIBLE MANEUVER

Democratic leaders in the House said on Friday they were working on a maneuver that, if successful, would force a vote on legislation to fully reopen the federal government.

Man believed to have set himself on fire on the Mall in Washington - NBCNews.com

Posted: 05 Oct 2013 08:56 AM PDT

Gary Cameron / Reuters

Police investigate the scene where a man apparently set himself on fire Friday on the National Mall in Washington, D.C.

By M. Alex Johnson, Staff Writer, NBC News

Passersby on the National Mall in Washington, D.C., ripped off their shirts to help extinguish the flames after a man apparently set himself on fire Friday, witnesses and authorities said.

Washington D.C. Fire spokesman Tim Wilson told NBC News the unidentified man was suffering from life-threatening injuries when he was flown by helicopter to Washington Medical Center. Mitch Smith of the the National Park Police told Reuters he was in critical condition.

The incident, which was reported at 4:24 p.m. ET, occurred on Seventh Street Southwest near the National Air and Space Museum, the Park Police said.


Witnesses told several media organizations, including NBC Washington, that they saw the man pour gasoline on himself from a red canister and then set himself ablaze. There was a red plastic fuel container near where the incident happened, Reuters reported.

Nearby joggers stopped and ripped off their shirts to smother the flames, NBC Washington reported.

Nicole Didyk, an environmental engineer for the Federal Aviation Administration, told Reuters she was out for a run when she saw spotted a man with small flames on him.

"There were five gentlemen hitting him with their T-shirts," Nicole Didyk, an environmental engineer for the Federal Aviation Administration, told Reuters. "When he fell over his arms were all white. He was burned really bad."

She said the man thanked people who helped put the fire out.

Watch the top videos on NBCNews.com

NBC News' Simon Moya-Smith and Reuters contributed to this report. 

This story was originally published on

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US stocks climb despite budget impasse

Posted: 04 Oct 2013 04:32 PM PDT

NEW YORK: US stocks rebounded with solid gains on Friday despite a budget deadlock that kept the government partially shut down for the fourth day in a row.

The Dow Jones Industrial Average gained 76.10 points (0.51 per cent) at 15,072.58.

The broad-based S&P 500 rose 11.84 (0.71 per cent) to 1,690.50, while the tech-rich Nasdaq Composite added 33.41 (0.89 per cent) at 3,807.75.

"Equities climbed throughout the session while showing little concern over the lack of progress in the Capitol Hill stalemate," Briefing.com analysts said in a market note.

"While the end result of the shutdown remains unclear, today's end result for equities was crystal clear. The major averages settled near their highs as all 10 sectors registered gains."

On Thursday the Dow closed below the 15,000 mark for the first time in a month as the budget battle between Democrats and Republicans appeared increasingly likely to roll into a face-off over raising the debt ceiling by the October 17 deadline.

Social media companies were adding buzz to Wall Street. Micro-messaging service Twitter revealed a much-awaited initial public offering plan after markets closed Thursday. The IPO was expected to be the most sought-after since Facebook's market debut in May 2012.

Facebook jumped 3.9 per cent after announcing it will start selling advertising on its Instagram photo- and video-sharing social network, which competes with Twitter's Vine service.

Sandwich shop chain Potbelly found hungry investors for its initial public offering. Shares skyrocketed to US$30.77, more than double the IPO price of US$14.

Union Pacific, operator of the largest railroad network in the US, fell almost 1.0 per cent after updating its third-quarter earnings forecast, below analyst estimates, and announcing it expected flat volumes in the quarter year-over-year.

Electric car maker Tesla gained 4.4 per cent, regaining half of the loss from the previous two days after an Internet video of a fire on one of its vehicles went viral. -- AFP

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Mom: Capitol chase suspect had post-partum depression - USA TODAY

Posted: 04 Oct 2013 08:55 AM PDT

After a car chase ended in the driver's death, officials are trying to figure out who the woman behind the wheel was. The car was registered to Miriam Carey of Connecticut. VPC

Kevin Johnson, Donna Leinwand Leger and Doug Stanglin, USA TODAY 12:09 p.m. EDT October 4, 2013

The 34-year-old Connecticut woman who was shot and killed by police after a harrowing high-speed chase from the White House to Capitol Hill suffered from post-partum depression, her mother told ABC News.

Miriam Carey, a dental hygienist from Stamford, Conn., was identified as the driver of the black luxury sedan that first rammed a barrier at the White House, then sped to Capitol Hill, defying attempts by armed police to stop her Thursday afternoon. She was shot and killed fleeing her car near the Hart Senate Office Building

Afterward, police discovered Carey's 1-year-old daughter was in the backseat of her black Infiniti throughout the ordeal. The child, who was not injured, was taken to a hospital for a precaution and placed in protective custody.

Authorities who descended on Carey's condo in Stamford have not determined a motive for her bizarre behavior through downtown Washington, D.C.

Her mother, Idella Carey, told ABC News on Thursday night that her daughter began suffering from post-partum depression after giving birth to her daughter, Erica, last August.

"A few months later, she got sick," she said. "She was depressed. ... She was hospitalized."

Idella Carey said her daughter had no history of violence and that she had no idea why she was in Washington on Thursday.

The New York Daily News quoted Carey's former boss, dentist Brian Evans, as saying that she "fell down some stairs and she had a pretty significant head injury" in recent years.

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Evans also said that Carey, who was let go last year, had a temper and became incensed over being told to quit parking in a handicapped spot at the medical building in Hamden, Conn., where she worked. That created friction between them, he said.

Carey's former employer in Connecticut, dentist Barry Weiss, told NBC Connecticut that she was a bit "headstrong" on a few occasions but was otherwise "an average employee."

Weiss also that said Carey "could be a bit rough," and after complaints from patients, was fired in August 2012.

"Nothing would have led us to think she would have done this," said Weiss.

Another former boss, dentist Steven Oken, for whom she worked eight years, described Carey as a "non-political person" who was "always happy."

Court records also show that Carey was sued last year by her condo association for failure to pay fees since 2010 on the Stamford home she owned since 2009. The lawsuit, involving $1,759 plus collection costs, was settled in February, the Associated Press reports.

U.S. Capitol Police Chief Kim Dine said the incident "appears to be an isolated, singular matter, with, at this point, no nexus to terrorism."

Two federal officials, who were not authorized to comment publicly, told USA TODAY that all shots were fired by law enforcement officers. One official said no gun was recovered from her car.

"This does not appear to be in any way an accident," Metropolitan Police Chief Cathy Lanier said Thursday. She noted that Carey twice tried to breach security barriers and struck a uniformed Secret Service officer near the White House.

The chaotic events began at 2:12 p.m. ET when the driver rammed a temporary barrier at 15th and E Streets NW, hitting the officer, said Secret Service chief Ed Donovan. Other Secret Service officers chased the woman east on Pennsylvania Avenue but did not shoot.

Lanier said Capitol Police officers pursued the speeding car eastbound and tried to stop it in Garfield Circle, just west of the Capitol lawn. A 23-year-veteran officer suffered non-life-threatening injuries when he crashed into a barrier.

Police had the woman's car surrounded but she escaped, ramming a Secret Service vehicle as she fled. Lanier said police then fired their first shots at the suspect.

The driver made her way onto Constitution Avenue before eventually stopping in the 100 blocks of Maryland Avenue NE, near the Hart Senate Office Building.

Contributing: The Associated Press

Shutdown Prompts Obama to Skip Asia Trip - Voice of America

Posted: 04 Oct 2013 08:54 AM PDT

President Obama has canceled an upcoming trip to Asia because of the partial U.S. government shutdown, which entered its fourth day on Friday.

The White House announced late on Thursday that the president made his decision to cancel visits to Indonesia and Brunei based on the difficulty in moving forward with foreign travel in the face of the shutdown and his plans to continue pressuring Republicans to allow a vote to reopen the government.

The White House said Secretary of State John Kerry will lead U.S. delegations to both countries, as well as to Malaysia and the Philippines. Kerry will attend the APEC summit in Bali in place of the president.

Earlier on Thursday, Obama said a simple bill to fund the government with nothing else attached -- such as provisions regarding his signature health care plan, nicknamed "Obamacare" -- would pass the House of Representatives. Obama accused Republican House Speaker John Boehner of catering to a small group of conservative Republican extremists who want to defund or delay the health care plan as part of the next budget.

Boehner says Obama is refusing to negotiate. The speaker says all he wants is a discussion on the health care law and what he calls "fairness" for the American people.

Democrats say they will reject any Republican efforts to partially reopen the government.

Clean funding bill

Senate Majority Leader Harry Reid told CNN television Thursday that Boehner reneged on a promise to allow a vote on a clean funding bill, even after Democrats agreed to accept Republican spending levels. Reid said Boehner is afraid Republicans would oust him as speaker and urged Boehner to remember that the country is more important than his job.

The shutdown has furloughed more than 800,000 federal workers and closed down all but the most essential government services, including air traffic control, Border Patrol, and most food inspectors. The Voice of America is continuing to broadcast, but national parks and museums are closed, telephone calls for income tax help are unanswered, and some medical research projects are suspended.

With the shutdown prompting Obama to cancel his Asia trip, he will be missing the second APEC summit in a row. VOA White House correspondent Dan Robinson said this throws into question the United States' commitment to the Asia Pacific region.

"As you know, President Obama was not able to go to the APEC summit in Vladivostok last year because of the U.S. presidential election campaign. This is bound to raise further questions in Asia among those who are questioning U.S. commitment not only to the strategic pivot but to the whole regional focus or rebalancing of U.S. economic interests in the region," said Robinson.

Robinson also said fears have been growing for some time that economic strain is causing the U.S. to lose focus on security issues.

"There have been serious questions beginning at least a year ago about the U.S. budget sequestration and the fact that the United States couldn't get a budget done and concerns about the U.S.maintaining security relationships. Now, the U.S. military strategic pivot is moving forward, analysts say, but again there are these nagging questions about whether the full U.S. government has been engaged or can be engaged in this Asia rebalance," he explained.

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KL shares open lower in early trading

Posted: 03 Oct 2013 07:01 PM PDT

Share prices on Bursa Malaysia opened lower in early trading today following losses on the Wall Street, weighed down by
ongoing concerns over the US economic recovery, dealers said.

At 9.13am, the benchmark index lost 0.93 of a point to 1,770.44 after opening 0.08 of a point lower at 1,771.29.

Losers beat gainers 115 to 95, with 157 counters unchanged, 1,243 untraded and 16 others suspended.

Trading stood at 107.03 million shares worth RM46.2 million.


HwangDBS Vickers Research said as the budget impasse drags on, which is threatening to hurt the economy amid the partial shutdown of the US government, Wall Street slipped further last night.

At the closing bell, its key stock indices were down between 0.9 per cent and 1.1 per cent.

"The weak external vibes are expected to put pressure on Malaysian equities today. Consequently, the benchmark FBM KLCI could slide towards the immediate support level of 1,750," it said in a research note today.

Meanwhile, the research house said stocks that could add interest today include Alam Maritim, which has been awarded a RM22 million contract to provide a anchor handling tug vessel.

On the scoreboard, the Industrial Index lost 1.58 points to 3,052.64, the Finance Index fell 16.7 points to 16,452.75 while the Plantation Index rose 0.24 of a point to 8,300.36.

The FBM Emas Index fell 5.54 points to 12,309.61, the FBM100 Index was 4.89 points lower at 12,047.59.

The FBM Ace added 19.95 points to 5,474.61 and the FBM 70 rose 0.18 of a point to 14,020.17.

Among actives, The Media Shoppe gained half-a-sen to 16.5 sen, Luster Industries was flat at 9.5 sen and China Automobile added 3.5 sen to 37 sen.

Of the heavyweights, Maybank improved two sen to RM9.84, Axiata and Sime Darby was each flat at RM6.91 and RM9.54, respectively.-- Bernama

KLCI futures traded lower in early session

Posted: 03 Oct 2013 07:03 PM PDT

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives were traded lower in early session today.

At 9.46am, spot month October 2013 lost five points to 1,773.5, November 2013 fell 5.5 points to 1,773, December 2013 erased 4.5 points to 1,774, while March 2014 stood at 1,778.

Turnover stood at 1,226 lots while open interest totalled 40,257 contracts.

The underlying FBM KLCI was 0.22 of a point better at 1,771.59 after 46 minutes of trading.-- Bernama

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On Day 3 of Shutdown, Neither Side Budging in Budget Standoff - New York Times

Posted: 03 Oct 2013 09:03 AM PDT

WASHINGTON — An impassioned President Obama on Thursday kept up the pressure on House Republicans to end the three-day-old government shutdown, appearing at a small construction company outside the capital to challenge Speaker John A. Boehner to quit blocking a vote on federal spending.

"This isn't happening because of some financial crisis. It's happening because of a reckless Republican shutdown in Washington," he said, to cheers and calls of "That's right!" from the assembled construction workers at M. Luis Construction, a company formed by Portuguese immigrants in Rockville, Md., a suburb north of Washington.

"Remember, it was just five years ago that our economy was in a free fall," Mr. Obama said, speaking on the fifth anniversary of Congress's vote to bail out the nearly collapsed financial system. Since then, he said, businesses have added more than 7.5 million jobs, an improving housing market has helped construction companies recover, and auto sales have continued to grow. "We can't afford to threaten that progress right now."

Mr. Obama's appearance came just after the Treasury Department released a report arguing that a default could provoke a recession "comparable to or worse" than the one deepened by the financial crisis of 2008, which was the worst since the Depression.

Besides the well-publicized disruption of the shutdown for tourists, veterans, older people and children in Head Start, Mr. Obama added, "Companies like this one worry that their businesses are going to be disrupted." The federal government provides $1 billion a month in loans to small businesses that now cannot be processed, he said.

"The longer this goes on, the worse it will be," he said. "And it makes no sense. The American people elected their representatives to make their lives easier, not harder."

He told his audience what even House Republicans have acknowledged: that if Mr. Boehner let the Republican-controlled House vote on a measure passed by the Democratic-controlled Senate to continue spending at current levels for two months, it would pass with support from most Democrats and some Republicans. But Republican leaders insist that Mr. Obama must agree to defund or delay his Affordable Care Act.

"Speaker John Boehner won't even let the bill get a yes-or-no vote because he doesn't want to anger the extremists in his party," the president said. If the speaker allows a vote, Mr. Obama added, within minutes "we can get back to the business of helping the American people."

On Wednesday night, after a private meeting among President Obama and four Congressional leaders ended without a break in the budget standoff, House Republicans on Thursday were expected to continue their attempts to pass piecemeal spending bills that would reopen sections of the government, one program at a time.

But Democrats in the Senate have made it clear that they are unlikely to approve any House proposal unless it is a spending bill that would keep money flowing to the government with no strings attached. And since the Republicans have not abandoned their insistence that any budget measure include language defunding the president's health care law, the government shutdown continues.

The White House meeting on Wednesday — which included Mr. Boehner; Senator Mitch McConnell, the Senate's top Republican; Representative Nancy Pelosi, the House minority leader; and Senator Harry Reid, the majority leader — was described by the Republicans as "polite" but ultimately unproductive.

In an interview earlier on CNBC, Mr. Obama said he would not back down. "As soon as we get a clean piece of legislation that reopens the government — and there is a majority for that right now in the House of Representatives — until we get that done, until we make sure that Congress allows Treasury to pay for things that Congress itself already authorized, we are not going to engage in a series of negotiations."

Mr. Boehner, under pressure from Republican conservatives and outside Tea Party groups, has declined to bring such a continuing resolution to the House for a vote because it would pass mostly with Democratic votes — with some Republicans voting yes — and probably prompt a conservative backlash that could cost him his leadership office.

But frustrations in Congress have grown stronger.

Representatives Charlie Dent, Republican of Pennsylvania, and Ron Kind, Democrat of Wisconsin, have been quietly readying a clean spending bill to finance the government for six months that they hope will get bipartisan support. Their proposal includes the repeal of a tax on medical devices, which is unpopular with both parties but which helps pay for the health care law.

Mr. Dent and Mr. Kind, according to an aide, have been talking with moderate House Republicans, hoping to bring them on board. If they are able to get enough Republican support, the aide said, they plan to announce with their bill in a news conference that could come as soon as Thursday.

Some Republicans have urged Mr. Boehner to find a way to reopen the government, and lawmakers who have talked with the speaker said that he broached the idea of a comprehensive deficit-reduction deal that could put to rest three years of gridlock and turmoil in the Republican-led House.

That has all been behind the scenes. In public, there has been no change. That includes Republican efforts to try to finance certain programs — many of them popular — and at the same time embarrass to Democrats who promise to defeat those attempts in the Senate.

On Wednesday, House Republicans successfully passed measures to reopen the national parks, memorials and federal-funded museums; to finance the National Institutes of Health; and to allow the District of Columbia to use local revenue to finance basic services. Democrats signaled that they would reject the measures when they reached the Senate.

The Republicans ran out of time for two other bills — one to restart veterans' programs and another to pay the National Guard and Reserves — but expect to pass them on Thursday.

House Republican aides said that barring any breakthrough, they plan to continue with that strategy and are likely to offer an additional batch of small funding bills on Thursday. One proposal under discussion was a measure to reopen the Head Start programs that serve preschoolers from low-income homes.

Tropical Storm Karen forms in the Gulf of Mexico; hurricane watch from La. to Fla. - CBS News

Posted: 03 Oct 2013 08:01 AM PDT

NEW ORLEANS Preparations began Thursday along the central Gulf Coast as newly formed Tropical Storm Karen threatened to become the first named tropical system to menace the United States this year.

Hurricane and tropical storm watches were posted from southeast Louisiana to Florida and some oil and gas platforms in the storm's projected path were being secured and evacuated.

CBS News weather consultant David Bernard reports that Karen is expected to slow as it approaches the coast, increasing the likelihood of major rains along the Gulf Coast and across the Southeast through the weekend.

The National Hurricane Center in Miami said Karen was about 485 miles south of the mouth of the Mississippi River and had maximum sustained winds of 65 mph.

The hurricane watch was in effect from Grand Isle, La., to Indian Pass in the Florida Panhandle. A tropical storm watch also was in effect for parts of the Louisiana coast west of Grand Isle, including the New Orleans area.

East Hurricane SECTOR Visible Image

Hurricane Tracking Sector (VIS) (NOAA)

Karen was moving north-northwest at 12 mph. It could be at or near hurricane strength by Friday, forecasters said.

While meteorologists said it was too soon to predict the storm's ultimate intensity, they said it could weaken a bit as it approaches the coast over the weekend.

"Our forecast calls for it to be right around the border of a hurricane and a tropical storm," said David Zelinsky, a hurricane center meteorologist.

Whether a weak hurricane or strong tropical storm, Karen's effects are expected to be largely the same: heavy rain and the potential for similar storm surge.

Grand Isle Mayor David Camardelle, whose barrier island community about 60 miles south of New Orleans is often the first to order an evacuation in the face of a tropical weather system, said the town is making sure its 10 pump stations are ready. He is encouraging residents and clean out drainage culverts and ditches in anticipation of possible heavy rain and high tides.

Otherwise, residents were monitoring the storm and hoping to dodge the foul weather.

"Hopefully, this one is just a little rain event," said Camardelle "We don't need a big storm coming at us this late in the season."

Zelinsky said residents in the warning areas should listen to their local emergency managers for advisories. "Now is the time to begin making preparations," Zelinsky said.

Forecasters said a cold front approaching from the northwest was expected to turn Karen to the northeast, away from the Louisiana coast and more toward the Florida Panhandle or coastal Alabama. But the timing of the front's arrival over the weekend was uncertain.

Grand Isle suffered damage from Hurricane Isaac in August 2012. Isaac clipped the mouth of the Mississippi River for its official first landfall before meandering northwest over Grand Isle and stalling inland. Though a weak hurricane, Isaac's stall built a surge along the southeast Louisiana coast that flooded communities in neighboring Plaquemines Parish.

Mike Steele, a spokesman for the Louisiana Governor's Office of Homeland Security and Emergency Preparedness, said a conference call was planned Thursday morning for state and parish officials to discuss the storm.

"Just so we can be in contact and see if there are any needs we can help meet," Steele said.

Karen was expected to pass over Gulf oil and gas fields from Louisiana to Alabama, but early forecasts suggested the storm would miss the massive oil import facility at Port Fourchon, La., just west of Grand Isle, and the oil refineries that line the Mississippi River south of Baton Rouge.

Oil giant BP said it has begun securing offshore rigs and evacuating non-essential workers from its four company-operated production platforms in Karen's projected path.

Other oil companies were expected to take similar action.

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Ringgit opens sharply higher against USD

Posted: 02 Oct 2013 07:28 PM PDT

The ringgit opened sharply higher against the US dollar in early trading today, with investor appetite more inclined towards emerging Asian currencies, a dealer said.

The local note was quoted at 3.1990/2020 to the US dollar from 3.2255/2285 at Wednesday's close.

The dealer said the weakening greenback was due to worries over the length of the US government shutdown and the coming debt-ceiling battle.

The ringgit was also seen trading sharply higher against other major currencies in the early session today.

The local note appreciated against the yen to 3.2864/2902 from 3.3123/3160 yesterday, and was higher against the Singapore dollar at 2.5629/5655 from 2.5755/5787 on Wednesday.

The local currency strengthened against the British pound to 5.1907/1968 from 5.2282/2344 yesterday, and rose against the euro to 4.3452/3499 from 4.3644/3691 previously.-- Bernama

KL shares open mixed in early trading

Posted: 02 Oct 2013 07:24 PM PDT

Share prices on Bursa Malaysia opened mixed in early trading today on lack of buying interest and amid the weak external
environment, dealers said.

At 9.04am, the benchmark index lost 1.09 points to 1,769.26 after opening 0.33 of a point lower at 1,770.02.

Gainers thumped losers 84 to 52, with 132 counters unchanged, 1,335 untraded and 14 others suspended.

Trading stood at 92.9 million shares worth RM22.54 million.


HwangDBS Vickers Research said the key FTSE Bursa Malaysia KLCI (FBM KLCI) could face renewed selling pressure today.

"From a technical perspective, the benchmark index may pull back towards the immediate support line of 1,750 moving ahead.

"The poor sentiment will likely be dented further by the weak overnight performance of Wall Street," it said in a note today.

Major US stock indices fell between 0.1 per cent and 0.4 per cent as investors awaited progress on budget talks to end the partial shutdown of the federal government.

Meanwhile, HwangDBS Vickers Research said among the stocks of interest today is IOI Corporation, which acquired a 40 per cent stake in Unico-Desa for RM397 million.

On the scoreboard, the Industrial Index lost 1.28 points to 3,037.12, and the Plantation Index fell 3.7 points to 8,350.59, while the Finance Index gained 0.09 of a point to 16,429.47.

The FBM Emas Index fell 7.48 points to 12,308.36, the FBM100 Index was 8.8 points lower at 12,044.8, with the FBM Ace decreasing 12.78 points to 5,473.02 and the FBM 70 losing 16.07 points to 14,038.54.

Among actives, Karambunai-ORD lost half-a-sen to six sen, Ho Wah Genting gained two sen for 23.5 sen, and Asia Bioenergy rose half-a-sen to 15.5 sen.

Of the heavyweights, Maybank improved five sen to RM9.86, Axiata dipped two sen to RM6.88, and Sime Darby fell four sen to RM9.47.-- Bernama

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