Wall St ends higher as Trump becomes president

Yet he presided over the second-best run for the stock market under any president since Dwight Eisenhower. The S&P 500 gained 7.62 points, or 0.3 percent, to 2,271.31 and the Nasdaq Composite added 15.25 points, or 0.28 percent, to 5,555.33. Shares of Kansas City Southern rose 4 percent even as it reported a lower quarterly net profit that missed Wall Street estimates. Advancing issues outnumbered declining ones on the NYSE by a 1.76-to-1 ratio; on Nasdaq, a 1.58-to-1 ratio favored advancers. The S&P 500 posted 19 new 52-week highs and seven new lows; the Nasdaq Composite recorded 85 new highs and 33 new lows.

January 20, 2017 22:42 UTC

Melania Trump's hometown hopes new-found fame will boost trade, tourism - World

SEVNICA, Slovenia (Reuters) - "First Lady" apple pies in the Kruhek bakery in Melania Trump's hometown of Sevnica in Slovenia are selling like hot cakes. "Our workday is longer but we are glad and proud of Melania." Tourist numbers have doubled over the past year, when interest in Melania rose during her husband Donald Trump's presidential election campaign, said tour guide Janez Levstik. She started modelling at 16 and pursued her career in Milan and Paris before moving to New York in 1996. Mayor Srecko Ocvirk said he expected local businesses to benefit from Sevnica's new-found fame.

January 20, 2017 16:56 UTC

Pageantry, protests to mark the start of Trump's U.S. presidency - World

Striking a defiant tone, Trump said American workers have been devastated by the outsourcing of jobs abroad. "The wealth of our middle class has been ripped from their homes and then redistributed across the entire world," he said. WORLD CONCERNTrump's election was greeted with concern by many countries around the world, in part because of the potential for an isolationist foreign policy. Trump's rise, while welcomed by Republicans tired of Obama's eight years in office, raises a host of questions for the United States. Protests are also planned in other cities in the United States and abroad.

January 20, 2017 16:18 UTC

Manchester City need to rediscover scoring touch, says Guardiola - Football

(Reuters) - Manchester City manager Pep Guardiola has defended goalkeeper Claudio Bravo and blamed a lack of cutting edge for the team's 4-0 Premier League defeat at Everton last weekend. That would be easy for me but it's not about that," Guardiola told a news conference on Friday. "He is fit and ready to be involved in the team," Guardiola added. Strong physically, good build-up, quality between the lines," the Spaniard added. They are a good team.

January 20, 2017 15:19 UTC

Singapore: Fundamental difference between VEP and Malaysia's Road Charge - Nation

PETALING JAYA: Singapore says there are "fundamental differences" between its Vehicle Entry Permit (VEP) and Malaysia's Road Charge (RC), hence it has "no choice but to respond with the Reciprocal Road Charge (RRC). "The other 90% do not pay the VEP as they enter Singapore during VEP-free days or hours," it said. It explained that the VEP was introduced to equalise the cost of owning and using a foreign-registered vehicle in Singapore, with the cost of owning and using a Singapore-registered vehicle. "However, once the Road Charge is implemented at all of Malaysia's other land borders, at an equal quantum and on all non-Malaysian-registered cars, we will remove our RRC," it said. Singapore will implement the RRC of S$6.40 (RM20) from Feb 15, on top of the VEP of S$35 (RM109), if applicable.

January 20, 2017 15:16 UTC

Costa available for selection, says Chelsea boss Conte - Football

LONDON (Reuters) - Diego Costa is available for selection for Premier League leaders Chelsea's home match against Hull City after recovering from a back injury, manager Antonio Conte said on Friday. "I think the player wants to stay in Chelsea," Conte told a news conference on Friday. This is the most important thing for us. However, Conte was guarded on whether Costa would start against struggling Hull at Stamford Bridge in what would be his 100th appearance since joining from Atletico Madrid. "If you think this type of game is easy you make a great mistake, and you can pay for it at the end of the season," Conte said.

January 20, 2017 15:05 UTC

West Ham galvanised by Payet absence, says Collison - Football

LONDON(Reuters) - The uncertainty surrounding the future of West Ham forward Dimitri Payet has brought the squad closer together, according to the club's former midfielder Jack Collison. “Last weekend’s result against Crystal Palace was a massive statement from West Ham,” Collison told Reuters. West Ham travel to the North East on Saturday to play Middlesbrough who are still searching for their first league win of 2017. “Middlesbrough is a tricky place to go but West Ham will see this an opportunity to get points on the board,” said Collison who made 121 appearances for West Ham. “I am very biased because I played with Stewart for a couple of seasons at West Ham.

January 20, 2017 14:10 UTC

'Don't damage trade', emerging market leaders tell Trump from Davos

That's the message leaders of developing countries want to send from the Davos forum to US President-elect Donald Trump, who takes office on Friday. "The African continent's position is: don't damage trade," South African finance minister Pravin Gordhan said during a panel discussion. "Don't damage the growth potential in developing countries which is crucial to inclusivity. Trade was not a one-way street, the leaders at Davos said, noting benefits to Western consumers too. Commerce aside, emerging market leaders in Davos also called on Trump to maintain America's leadership role in security and politics.

January 20, 2017 13:40 UTC

Rain and Kim Tae-hee keep it simple for their wedding - Regional

SEOUL: Actors Kim Tae-hee and Jung Ji-hoon (Rain) chose to have a modest ceremony for their wedding that took place on Thursday afternoon. Rather than the usual five-star hotels celebrities pick for their nuptials, Kim and Jung held theirs at Gaheo-dong Catheral in Jongno-gu, Seoul, following their Catholic convictions. Again, rather than an extravagant dress from a high-end brand, Kim donned a piece designed by her own stylist. The long-sleeved white dress was embroidered with flowers and cut short at the knees. A person who claimed knowledge of Kim and Jung’s wedding said that, “Kim Tae-hee personally offered her own ideas for the design.

January 20, 2017 12:32 UTC

Manchester City paid record sum for 13-year-old Burns - report - Football

(Reuters) - Premier League high-flyers Manchester City paid a record 175,000 pounds ($215,000) to sign 13-year-old defender Finley Burns from third-tier Southend United last week, the Times reported on Friday. The newspaper said the overall cost of the transfer could rise to more than 250,000 pounds if Burns goes on to sign professional terms at the Abu Dhabi-owned club. No fee or details about subsequent payments were given by either club at the time of Burns's signing. He’s a great kid from a nice family and everything was sorted out amicably which is how it should be." City have paid big sums on young players in the past, spending a reported 200,000 pounds for Spanish youth player Brahim Diaz in 2013 and 500,000 pounds on winger Jadon Sancho in 2015.

January 20, 2017 12:03 UTC

EM stocks snap 3-week winning streak ahead of Trump inauguration

"The Chinese response has been muted so far as they have been waiting for Trump to make formal changes. Now there is a chance of concrete measures there is a risk of escalation, which would be negative for emerging markets, as global risk sentiment would weaken," Christensen said. Indian stocks fell around 1%, dragged down by a 6.4% fall in Axis Bank after a 73% plunge in profits. Emerging market currencies struggled as the US dollar firmed 0.2% against a basket of currencies. The trajectory of the US dollar remains key for emerging market currencies, after falling almost 2% so far in January.

January 20, 2017 11:52 UTC

Couple who abused MBSA traffic officer get enhanced sentence - Nation

SHAH ALAM: The jail sentence for a married couple found guilty of using criminal force against a Shah Alam City Hall (MBSA) enforcement officer for issuing them a parking summons last November has been increased to five months from the initial 14 days. Lor Ka Hoo, 36, and his wife Tan Sit Fun, 31, who were initially sentenced by the Shah Alam magistrate's court on Nov 25, will now have to spend five months in prison. Judicial Commissioner Wong Teck Meng passed the sentence and ordered it to begin from Friday. The decision automatically sets aside the couple's cross appeal against the 14-day jail sentence. He added the court felt a deterrent sentence must be passed so that the couple would not repeat the offence.

January 20, 2017 11:30 UTC

Iris appoints Choong Choo Hock as acting CEO following remand of deputy MD

KUALA LUMPUR (Jan 20): Iris Corp Bhd has appointed its chief operating officer for Iris Trusted Identification Choong Choo Hock as acting chief executive officer, following the remand of deputy managing director Datuk Hamdan Hassan by the Malaysian Anti-Corruption Commission (MACC). "At the Magistrates Court at Putrajaya today, Jan 20, 2017, the MACC has obtained a remand order for six days to facilitate their continued investigations. "Pending the finalisation of the investigations, Iris wishes to announce that Datuk Hamdan's executive powers are suspended and his present duties and responsibilities as acting chief executive officer of Iris will be taken over by the current chief operating officer, Mr Choong Choo Hock," said the company. "Rest assured that as a public listed company, Iris does not countenance any corrupt practice, misappropriation or abuse of power in the course of conducting its business activities. Iris closed unchanged at 13 sen, translating to a market capitalisation of RM292.39 million.

January 20, 2017 11:13 UTC

Virtual Reality’s boy wonder draws fire at Facebook trial - Tech News

The young entrepreneur credited as the brains behind Facebook Inc.’s virtual reality headset was accused in court of betraying a company that had worked with him to display the technology at a trade show. That was shortly after ZeniMax had demonstrated the device publicly at a Los Angeles video game expo with Luckey’s permission. He said that in showing the headset to the investors he relied only on “executable code” that didn’t reveal the underlying proprietary source code. Zuckerberg said he never heard of ZeniMax before it sued Oculus in May 2014, about two months after Facebook announced that it would buy Luckey’s startup. He said it’s common for companies to “come out of the woodwork” and make claims following an acquisition.

January 20, 2017 09:44 UTC

Bursa Malaysia to close for CNY and Federal Territory Day - Business News

KUALA LUMPUR: Bursa Malaysia Securities Bhd will close for trading in the afternoon on Friday, Jan 27, and all day on Monday, Jan 30, in conjunction with the Chinese New Year celebration.The exchange will resume operations on Tuesday, Jan 31, it said in a statement.However, clearing and settlement services provided by Bursa Malaysia Securities Clearing; depository services provided by Bursa Malaysia Depository; and clearing and settlement operations of Bursa Malaysia Derivatives Bhd will continue as usual on Jan 27.Bursa Malaysia Securities office will remain open until the end of business day.Bursa Malaysia will again close on Federal Territory Day, Feb 1 (Wednesday), and resume operations the following day.

January 20, 2017 09:33 UTC

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