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Business Daily : October 9th 2013
32 BUSINESS DAILY | Wednesday October 9, 2013 SHE SAID “Hard times arouse an instinctive desire for authenticity.” Your minute of the day www.businessdailyafrica.com Market Activity FINDUSONFACEBOOK &TWITTER businessdailyafrica Download free QR Readers from the web and scan this QR (Quick Response) code with your smart phone for pictures, videos, and more stories BD_Africa CURRENCY RATES GLOBAL MARKET WATCH Sebastian Vettel,RedBull’s German driver, Page 31 WEATHER Nairobi: 3-day forecast High Low High 25°C (78°F) Low 140C (560F) Thu Mostly Sunny 25°C 14°C Fri Mostly Sunny 25°C 15°C Sat Mostly Sunny 25°C 14°C LAST PREVIOUS MARKET CAP IN SH BN 1,878.80 1,847.21 TOTAL SHARES TRADED 54,645,000 46,243,000 EQUITY TURNOVER IN SH 995,924,904 689,630,939 BONDS TURNOVER 4,200,650,000 2,056,200,000 TOTAL DEALS (BONDS) 22 8 TOTAL DEALS (EQUITY) 2,374 2,035 NSE 20 SHARE INDEX 4,930.79 4,881.44 NSE ALL SHARE INDEX 133.60 131.36 PBI 27 720.92 714.25 FTSE NSE KENYA 15 INDEX 175.95 169.77 FTSE NSE KENYA 25 INDEX 178.19 172.25 FTSE NSE KENYA BOND INDEX 92.04 91.92 FTSE ASEA PAN AFRICAN INDEX 1,223.54 1,191.21 ALL ORD. 5,148.10 -12.50 HANG SENG 23,178.85 206.26 FTSE 100 2,508.03 -1.71 XETRA 8,573.84 32.24 CAC 40 4,146.81 17.14 SMI PR 7,859.45 -17.39 NIKKEI 225 13,894.24 40.92 S&P SENSEX 19,989.94 74.72 $: 85.17 TSh 18.81 €: 115.58 USh 29.73 £: 136.90 SAR 8.52 DJ INDU 14,936.24 -135.76 FTSE MIB 18,394.22 119.85 STRAITS 3,146.50 9.91 -Coco Chanel Frenchfashion designer (1883–1971) SalvaKiir,SouthSudanpresident Page 17 TOMORROW: Digital Business PULLOUT TOMORROW: Digital Business PULLOUT TOMORROW: Digital Business PULLOUT TOMORROW: Digital Business PULL- OUT ChineseFoxconn factories havebeen the subject ofprotestaction over staff safety and conditions Theworking conditions in factories whichproduceAppleproducts are tobeinspected,thecomputinggianthas an- nounced.TheFairLabor Association (FLA) willauditseveral suppliers,includingFoxconn inChina, atApple’s request. MicrosoftIndia’s onlinestorewas forced to close after an apparenthacking attackfrom a group callingitselfEvilShadow Team. For a whileafter theattack, reports said screen shots of customers’ detailswere posted on the sitebefore itwas taken offline bythecompany.Microsoftsaiditwas “inves- tigating alimited compromise”. USregulators have approvedGoogle’s $12.5bn (£7.9bn)bidfor phonemaker MotorolaMobil- ity,hours after itwon clearancefrom European authorities. TheEuropean Commission ruled thedeal wouldnot raise competition issues inthemar- ketfor operating systems for devices likemo- bilephones or tablets. Hackers shut web store Regulators give nod Protest over factories & Technology NEWS Amazon.com Inc unveiled a new hir- ing spree on Monday ahead of a visit by President Barack Obama to one of the Internet retailer’s giant distribution ware- houses this week. Amazon said it is looking to fill more than 5,000 new full-time jobs at 17 of its fulfill- ment centres across the United States. Like waving a wand, new apps are bring- ing a bit of magic to computers, enabling users to zoom, pan and control the ac- tion with hand gestures. A new app store called Airspace, launched by San Fran- cisco-based company Leap Motion last week, has 75 apps that are all controlled with the wave of the hand. Twitter, the social media site, is under pressure in Britain to make it easier for Internet users to report abuse after more than 30,000 people petitioned it over the case of a feminist campaigner who says she was repeatedly threatened with rape. Caroline Criado-Perez was then targeted by ill-wishers objecting to her activity. Gestures rule action in apps Twitter under pressure Amazon unveils new hiring & Technology NEWS Bee≥ dist≥ibuto≥s go cashless to cut ≥isks associated in dealing with ha≥d cu≥≥ency. TOMORROW: Digital Business PULLOUT TOMORROW: Digital Business PULLOUT TOMORROW: Digital Business PULLOUT TOMORROW: Digital Business PULLOUT Chinese Foxconn factories have been the subjectof protest action over staff safety and conditions The working conditions in factories whichproduce Appleproducts are tobeinspected,thecomputing gianthas an- nounced.TheFairLabor Association (FLA) willauditseveral suppliers, including Foxconn inChina, atApple’s request. MicrosoftIndia’s onlinestore was forcedto closeafter an apparenthacking attackfrom a group calling itselfEvilShadow Team. For a whileafter theattack, reports said screen shots of customers’ detailswere posted on thesitebeforeitwas taken offline bythecompany.Microsoftsaiditwas “inves- tigating alimited compromise”. USregulators haveapprovedGoogle’s $12.5bn (£7.9bn)bidfor phonemaker MotorolaMobil- ity,hours after itwon clearance from European authorities. TheEuropean Commission ruledthedeal wouldnotraisecompetition issues inthe mar- ketfor operating systems for devices like mo- bilephones or tablets. Hackers shut web store Regulators give nod Protest over factories & Technology NEWS The US Federal Reserve has issued a new hi-tech $100 banknote comprising sev- eral security features. It includes a blue 3D security ribbon and a bell and inkwell logo that authorities say are particularly difficult to replicate. These combine with traditional features, such as a portrait watermark and security thread . LG has announced it is to start mass-pro- duction of what it calls the “world’s first flexible OLED (organic light-emitting di- ode) panel for smartphones”. The South Korean firm said it hoped to start selling the first handsets to feature the tech next year. The news comes weeks after Sam- sung made a similar announcement. Researchers at a US lab have passed a cru- cial milestone on the way to their ultimate goal of achieving self-sustaining nuclear fusion. Harnessing fusion could provide an unlimited and cheap source of energy. But to be viable, fusion power plants would have to produce more energy than they consume, which has proven elusive. Curved screen phones plan Nuclear fusion milestone US releases high-tech note & Technology NEWS Mobile app developed by student set to help elect≥icity consume≥s Annan warns on exit bid Former UN secretary-general Kofi An- nan said Monday it would be a “badge of shame” for Africa if its leaders voted to leave the International Criminal Court. Speaking in Cape Town, Annan said “quite a few leaders are resisting and fighting” the ICC but cautioned on a vote against the tribunal without an alterna- tive. “If they fight the ICC, vote against the ICC, with- draw their cases, it will be a badge of shame for each and every one of them and for their countries if they do that,” he said. Annan denied claims by African leaders that The Hague-based tribunal was targeting the continent and accused them of protectionism. Seven shot dead Gunmen believed to be Islamic militants lured Muslims with a call to prayer and gunned them down as they entered the mosque in Damboa village in the latest killings reported in an Islamic uprising in northeast Nigeria, residents and of- ficials said. The tactics used by Nigeria’s Boko Har- am terrorist network in Saturday’s attack that killed seven residents seem to contradict the thinking of some other Islamic extrem- ists on the continent. Leaders discuss DRC peace The presidents of Rwanda and Uganda told UN Security Council envoys that their countries were not responsible for bringing peace to neighbouring Democratic Republic of Congo’s volatile east, which has long been mired in conflict and is bristling with armed groups. Envoys from the 15-member council met with Rwandan President Paul Kagame in Kigali and then President Yoweri Museveni in Kampala after spending two days in Congo visiting the United Nations’ largest peace- keeping operation. Malian city attacked Suspected Islamist militants hit the northern Malian city of Gao with artil- lery fire on Monday, in the first attack on the insurgents’ former stronghold in months, city residents, military and local government officials said. Gao was the first city freed from Is- lamist occupation by a French-led military intervention that drove al Qaeda-linked fighters from the coun- try’s north earlier this year. While it bore the brunt of the guerrilla- war waged by remnants of the defeat- ed insurgents. Syria wins praise on arms Syria has won foreign praise for starting to destroy its chemical arsenal, although an opposition activist said the world was merely giving President Bashar al-Assad time to kill more people with conven- tional weapons. An official from the international mission overseeing the stockpile’s elimination said Damascus had made an excellent start on Sunday, and the United States acknowledged its rapid compliance with a UN resolution on destroying chemi- cal weapons as extremely significant. Chemicals experts were overseeing a second day of work on Monday, which the official described as similar to Sun- day’s when Syrian forces used cutting torches and angle grinders to render missile warheads, bombs and mixing equipment unusable N. Korea army on alert North Korea said yesterday its military would be put on high alert and be ready to launch operations, stepping up ten- sion after weeks of rhetoric directed against the United States and South Korea, who it accuses of instigating hostility. Reclusive North Korea has often is- sued threats to attack the South and the United States but has rarely turned them into action. Such hostile rhetoric is widely seen as a means to perpetuate its domestic and international political agenda. Typhoon hits eastern China Four people were killed and hundreds of thousands evacuated after Typhoon Fitow hit eastern China, destroying houses and farmlands and closing ports and airports. Packing winds up to 151 kms (94 miles) per hour, Fitow hit Fuding city in Fujian province before weakening into a tropi- cal storm later in the day, the official Xin- hua news agency reported. China, Japan ice thaws Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping shook hands during an APEC regional summit in Bali, but had no talks on a territorial island dispute, Japanese officials said. Relations between the world’s second- and third-largest econo- mies have been trou- bled because of a dispute over tiny islands in the East China Sea known as the Senkaku in Japan and the Diaoyu in China.
October 14th 2013