Prime Minister to decide on talks with Pakistan: Khurshid

NEW DELHI: Talks between India and Pakistan have not been frozen, external affairs minister Salman Khurshid said on Thursday while stating that Prime Minister Manmohan Singh would decide on Islamabad's offer of foreign minister-level talks.

"The differences have to be resolved and for that we need to proceed with wisdom, keeping in mind the interest and sentiments of the nation. We will await the prime minister's direction in this regard," Khurshid told CNN-IBN news channel.

"Having said that, it is certainly something that we noted and something that we would look very carefully and let us see what is acceptable. Talks have not frozen between India and Pakistan."

Pakistan foreign minister Hina Rabbani Khar has called for talks with Khurshid, saying that continued tension along the Line of Control (LoC) in Jammu and Kashmir was not in the interest of South Asian peace.

Khurshid said any problem between the two countries had to be solved by them only.

"What we have always maintained that there is a problem and we have to resolve among ourselves and we cannot be hoping and working towards finding somebody else to step in and resolve it."

Khurshid said that India was hopeful that Pakistan had understood the "strong message" of the Prime Minister, who Tuesday said it could not "be business as usual" following the brutal killing of two Indian soldiers near the LoC, and would respond positively.

"An atmosphere is needed for the talks to go on. We are hopeful that Pakistan will understand the message sent by our Prime Minister," he said.

"Some signals are positive. What we heard from the military is welcoming. But we have to assess the overall situation," he added.

Ties between the two neighbours have been strained ever since the January 6 killing of a Pakistani soldier allegedly in firing by Indian troops.

Two days later, Pakistani soldiers brutally killed two Indian soldiers, including beheading one of them, near the LoC.

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6 Ways Climate Change Will Affect You

Photograph by AP Photo/Marcio Jose Sanchez

The planet keeps getting hotter, new data showed this week. Especially in America, where 2012 was the warmest year ever recorded, by far. Every few years, the U.S. federal government engages hundreds of experts to assess the impacts of climate change, now and in the future.

From agriculture (pictured) to infrastructure to how humans consume energy, the National Climate Assessment Development Advisory Committee spotlights how a warming world may bring widespread disruption.

Farmers will see declines in some crops, while others will reap increased yields.

Won't more atmospheric carbon mean longer growing seasons? Not quite. Over the next several decades, the yield of virtually every crop in California's fertile Central Valley, from corn to wheat to rice and cotton, will drop by up to 30 percent, researchers expect. (Read about "The Carbon Bathtub" in National Geographic magazine.)

Lackluster pollination, driven by declines in bees due partly to the changing climate, is one reason. Government scientists also expect the warmer climate to shorten the length of the frosting season necessary for many crops to grow in the spring.

Aside from yields, climate change will also affect food processing, storage, and transportation—industries that require an increasing amount of expensive water and energy as global demand rises—leading to higher food prices.

—Daniel Stone

Published January 16, 2013

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Notre Dame: Football Star Was 'Catfished' in Hoax

Notre Dame's athletic director and the star of its near-championship football team said the widely-reported death of the star's girlfriend from leukemia during the 2012 football season was apparently a hoax, and the player said he was duped by it as well.

Manti Te'o, who led the Fighting Irish to the BCS championship game this year and finished second for the Heisman Trophy, said in a statement today that he fell in love with a girl online last year who turned out not to be real.

The university's athletic director, Jack Swarbrick, said it has been investigating the "cruel hoax" since Te'o approached officials in late December to say he believed he had been tricked.

Private investigators hired by the university subsequently monitored online chatter by the alleged perpetrators, Swarbrick said, adding that he was shocked by the "casual cruelty" it revealed.

"They enjoyed the joke," Swarbrick said, comparing the ruse to the popular film "Catfish," in which filmmakers revealed a person at the other end of an online relationship was not who they said they were.

"While we still don't know all of the dimensions of this ... there are certain things that I feel confident we do know," Swarbrick said. "The first is that this was a very elaborate, very sophisticated hoax, perpetrated for reasons we don't understand."

Mike Ehrmann/Getty Images

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Te'o said during the season that his girlfriend, Lennay Kekua, died of leukemia in September on the same day Te'o's grandmother died, triggering an outpouring of support for Te'o at Notre Dame and in the media.

"While my grandma passed away and you take, you know, the love of my life [Kekua]. The last thing she said to me was, 'I love you,'" Te'o said at the time, noting that he had talked to Kekua on the phone and by text message until her death.

Now, responding to a story first reported by the sports website Deadspin, Te'o has acknowledged that Kekua never existed. The website reported today that there were no records of a woman named Lennay Kekua anywhere.

Te'o denied that he was in on the hoax.

"This is incredibly embarrassing to talk about, but over an extended period of time, I developed an emotional relationship with a woman I met online," Te'o said in a statement released this afternoon. "We maintained what I thought to be an authentic relationship by communicating frequently online and on the phone, and I grew to care deeply about her."

Swarbrick said he expected Te'o to give his version of events at a public event soon, perhaps Thursday, and that he believed Te'o's representatives were planning to disclose the truth next week until today's story broke.

Deadspin reported that the image attached to Kekua's social media profiles, through which the pair interacted, was of another woman who has said she did not even know Te'o or know that her picture was being used. The website reported that it traced the profiles to a California man who is an acquaintance of Te'o and of the woman whose photo was stolen.

"To realize that I was the victim of what was apparently someone's sick joke and constant lies was, and is, painful and humiliating," Te'o said.

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Most see Obama as ‘strong leader,’ say deal on debt ceiling does not require cuts

President Obama heads into his second term with political momentum on his side, and leads congressional Republicans when it comes to dealing with country’s debt limit according to a new Washington Post-ABC News poll.

More Americans now approve of the way Obama is doing his job than at any point in the past three years, except for a fleeting spike upward after the killing of Osama bin Laden. The number seeing him as a “strong leader” is sharply higher, and a clear majority again sees him as empathetic with the problems they face.

Still, barely half see Obama as performing well on the economy, which is the overwhelming top priority across party lines. Registered voters split 48 to 49 percent on his handling of what they see as his clear job No. 1.

And most continue to see the country as pretty seriously on the wrong track, a general, stubborn pessimism that colored much of Obama’s first term.

Most say they are hopeful about the policies Obama will pursue over the next four years, with the president buoyed by his relative standing against the GOP.

Fully 55 percent say Obama is doing a good job overall, more than double the 24 percent saying so of the Republicans in Congress. Among political independents, 54 percent approve of the president’s job performance; just 21 percent give good ratings to congressional Republicans. (At 37 percent overall and 30 percent among independents, the Democrats in Congress do little better.)

The GOP congressional leadership also takes flak for a perceived unwillingness to work with Obama on important issues: 67 percent of all Americans see them as doing “too little” to compromise with the president. Far fewer, 48 percent, say so about Obama’s willingness to compromise with the GOP.

The percentage of Americans seeing the Republican leadership as overly intransigent is up 13 percentage points since December 2010, just after the GOP reclaimed control of the House of Representatives. The biggest increases since that time have been among Republicans and conservatives, with roughly 20-point jumps in blaming their party’s leaders for not doing enough to strike deals with the president. Half of all Republicans say the GOP leadership is not doing enough to compromise.

Republicans in the poll have also led the revival in Obama’s “strong leader” number. Overall, 61 percent see the president as a strong leader, up from 51 percent a year ago. Since then, there has been a 17-point increase among Republicans, from 18 to 35 percent.

Nearly half of Republicans also take the president’s side when it comes to one important aspect of the intense debate over the nation’s debt limit: that the issue of raising the borrowing limit should be separate from the identification of spending cuts.

Republican leaders in Congress have drawn a hard line that such cuts are essential to any legislative deal to raise the debt ceiling. Republicans in the poll, however, are divided on the issue: 48 percent say any increase in the debt limit should be tied to cuts, while nearly as many, 45 percent, say that the two issues should be isolated, discrete issues.

The general public sides with Obama on this question: 58 percent say cuts should be a separate matter, and 36 percent say they should be knotted with the borrowing limit. Obama also has the trust edge here: 49 percent say they have more confidence in him to handle the issue, compared with 35 percent who put more faith in the GOP.

With a 55 percent approval rating, Obama approaches another four-year stint a shade more well-regarded than his predecessor, George W. Bush, who carried a 52 percent rating into his second term. At this stage 16 years ago, when Bill Clinton prepared to take the oath of office for a second time, 60 percent approved of the way he was doing the job.

Obama continues to face record levels of partisan opposition. He has the lowest approval rating from the other side — just 17 percent of Republicans approve of the way he is doing his job — than any president entering his second term in the past half century, according to Post-ABC and Gallup polls.

The new Post-ABC poll was conducted Jan. 10 to 13 among a random national sample of 1,001 adults. The margin of sampling error for the full sample is plus or minus 3.5 percentage points.

Cohen is director of polling for Capital Insight, the independent polling group of Washington Post Media. Peyton M. Craighill is a pollster with Capital Insight, as is Scott Clement, who contributed to this report.

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European auto sector hits 17-year low

PARIS: European auto sales plunged to their lowest point in 17 years in 2012, trade data revealed Wednesday after Renault announced the latest job cuts to hit the beleaguered sector.

New car registrations in the European Union fell by 8.2 percent from their 2011 level to 12.05 million units last year, the European Automobile Manufacturers' Association said.

Sales in December fell for the 15th month in a row by 16.3 percent on a 12-month basis, even slipping slightly in Germany despite the global strength of top German brands.

French automakers in particular are being hard hit with Renault announcing 7,500 job cuts late on Tuesday.

PSA Peugeot Citroen, the second-biggest carmaker in Europe after the booming German VW group, has just been rescued by the state. The group is restructuring with 8,000 job cuts and targets development abroad after a government report said its strategy had missed the bus of globalisation.

And on Wednesday French car parts maker Faurecia reported weak results causing its shares to plunge.

By contrast the VW group has reported record global sales for 2012 with a rise of 11.0 percent to 9.07 million units and aspires to being the biggest manufacturer globally, ahead of Japanese Toyota, by 2018. German Daimler said at the Detroit auto show this week that it is on track to be the world's top luxury carmaker by the end of the decade.

The second-biggest manufacturer globally is General Motors, which struck a strategic partnership with PSA this year, but GM's sales across the whole of Europe fell by 8.2 percent last year, the US group said in Detroit.

These companies, and European manufacturers in general, are looking to growth in emerging markets to compensate for what they expect to be a lasting weaker trend in Europe, but these markets are also the home base for new competitors notably in China.

The European trade association said in its report on the European market: "Demand for new cars reached the lowest level recorded since 1995, totalling 12,053,904 units" in 2012.

Last year's 8.2 percent shrinkage was the worst since a downturn of 16.9 percent in 1993, the association said.

The trend was aggravated by exceptionally bad figures for December in debt-stricken Europe.

"In December, new car registrations declined by a sharp 16.3 percent in the EU, continuing a downward trend commenced 15 months ago. The decline is the steepest recorded in a month of December since 2008," the statement said.

With the eurozone struggling to cope with the tax rises and cuts in state spending imposed to correct its debt crisis, businesses and consumers have cut down their spending on vehicles.

In some countries the market, and employment, were supported after the financial crisis hit economies in 2008 by government subsidies for the replacement of old vehicles with new ones. But these schemes have run out and many European groups have announced job cuts and plant closures similar to, albeit less dramatic, those that occurred immediately in the US auto industry.

The latest came late on Tuesday from Renault which said it would shed 7,500 French jobs, or about 17.0 percent of its workforce by 2016, but by means of not replacing normal departures.

Renault, which has diversified its manufacturing into low-cost countries close to western Europe in recent years, notably in Romania where it builds its Dacia-branded vehicles, said that an agreement with unions on the cutbacks would save it 400 million euros ($534 million) in overheads and would avert any plant closures.

"On the basis of a progressive recovery of the European market, establishing such an agreement would allow for growth in French output that is more sustained than that of the European market," Renault said.

However the European trade data for the year showed big differences between countries.

Car sales rose only in Britain, by 5.3 percent from the level in 2011.

In Germany, a fall in sales on the home market was contained to 2.9 percent but in France sales slumped by 13.9 percent, in Spain by 13.4 percent and in Italy by 19.9 percent.

In terms of brands, sales in western Europe by PSA Peugeot Citroen fell by 12.9 percent, by Renault 18.9 and by Fiat of Italy by 15.8 percent.

Sales by Opel, based in Germany but owned by US group General Motors which has recovered strongly from bankruptcy, fell by 15.6 percent.

However, other German brands did far better. Sales by Audi rose by 3.7 percent, and by BMW they fell by 0.1 percent and by Mercedes-Benz by 0.9 percent.

In terms of sales in Europe by foreign manufacturers, the South Korean group Hyundai-Kia raised sales under the Hyundai name by 9.4 percent and under the Kia brand by 14.6 percent.

- AFP/ir

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Showrooming is a growing trend in India: Study

BANGALORE: A new IBM study of 26,000 global consumers released today at the 2013 National Retail Federation convention found they are diversifying the way they shop for and acquire goods, becoming increasingly open to buying both online and in-store depending on their needs at time of purchase. While more than 80% of shoppers chose the store to make their last non-grocery purchase, only half are committed to returning there next time they buy.

IBM's research finds that consumers are in a transitional state. According to the study, 35%t of the respondents are unsure whether they would next shop at a store or online. Nine percent are ready to commit to making future purchases online. Of all eight product categories tracked in the survey, the two most popular categories chosen by consumers for an online shift are consumer electronics and luxury items, including jewelry and designer apparel.

"Today's consumer is sophisticated and opportunistic, navigating between store and online environments interchangeably to meet their shopping needs of the moment," said Jill Puleri, global retail leader, IBM Global Business Services.

"To satisfy clients, retailers must deliver a consistent, convenient shopping experience across each consumer touch point, extending from the store to online and back again. The key is using data and analytics to better understand the behavior and preferences of shoppers to close the sale,'' he said.

The IBM study also found that nearly half of online purchases in studied categories resulted from "showrooming," a burgeoning trend in which consumers browse goods at a store, but ultimately buy them online. Significantly, nearly a quarter of these online shoppers intended to buy their item in the store, but ultimately purchased online - primarily due to price and convenience.

Retailers must better connect their store and online presence to capture the sale to showroomers. Today, online-only retailers account for one-third of showroomer purchases. Younger, male and affluent shoppers are most likely to showroom. Although a global phenomenon, there is a higher incidence of showrooming in China (26%) and India (13% than the U.S. (7%), for example.

The IBM study reveals that consumers are seeking a truly integrated shopping experience. Retailers must better connect their online and physical stores, blending benefits into both at various points in the shopping cycle -- from research to purchase -- to build brand loyalty and repeat sales. In the store, retailers must infuse digital experiences, enable store associates with the technology to save the sale and embrace consumer-owned technology. Online, retailers most optimize their websites for various devices. The IBM Digital Analytics benchmach found that 70 percent more consumers used a mobile device to visit a retailer's site on Cyber Monday in 2012 than 2011. However, today's study found that only 3 percent of shoppers are using retailers' mobile apps.

IBM Retail Analytics solutions can provide the fact-based insight retailers need to treat each consumer as an individual, meeting their growing expectation for personalization.Analytics can also be used to identify why showroomers are shifting purchases online so retailers can act and adjust accordingly.

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Mars Rover Finds Intriguing New Evidence of Water

The first drill sample ever collected on Mars will come from a rockbed shot through with unexpected veins of what appears to be the mineral gypsum.

Delighted members of the Curiosity science team announced Tuesday that the rover was now in a virtual "candy store" of scientific targets—the lowest point of Gale crater, called Yellowknife Bay, is filled with many different materials that could have been created only in the presence of water. (Related: "Mars Has 'Oceans' of Water Inside?")

Project scientist John Grotzinger, of the California Institute of Technology in Pasadena, said during a press conference that the drill area has turned out "to be jackpot unit. Every place we drive exposes fractures and vein fills."

Mission scientists initially decided to visit the depression, a third of a mile from Curiosity's landing site, on a brief detour before heading to the large mountain at the middle of Gale Crater. But because of the richness of their recent finds, Grotzinger said it may be some months before they begin their trek to Mount Sharp.

The drilling, expected to start this month, will dig five holes about two inches (five centimeters) into bedrock the size of a throw rug and then feed the powder created to the rover's two chemistry labs for analysis.

The drill is the most complex device on the rover and is the last instrument to be used. Project Manager Richard Cook, of NASA's Jet Propulsion Laboratory, said that operating it posed the biggest mechanical challenge since Curiosity's high-drama landing. (Watch video of Curiosity's "Seven Minutes of Terror.")

A Watery Past?

That now-desiccated Mars once had a significant amount of surface water is now generally accepted, but every new discovery of when and where water was present is considered highly significant. The presence of surface water in its many possible forms—as a running stream, as a still lake, as ground water soaked into the Martian soil—all add to an increased possibility that the planet was once habitable. (Watch a video about searching for life on Mars.)

And each piece of evidence supporting the presence of water brings the Curiosity mission closer to its formal goal—which is to determine whether Mars was once capable of supporting life.

Curiosity scientists have already concluded that a briskly moving river or stream once flowed near the Gale landing site.

The discovery of the mineral-filled veins within Yellowknife Bay rock fractures adds to the picture because those minerals can be deposited only in watery, underground conditions.

The Curiosity team has also examined Yellowknife Bay for sedimentary rocks with the rover's Mars Hand Lens Imager (MAHLI).  Scientists have found sandstone with grains up to about the size of a peppercorn, including one shaped like a flower bud that appears to gleam. Other nearby rocks are siltstone, with grains finer than powdered sugar. These are quite different from the pebbles and conglomerate rocks found in the landing area, but all these rocks are evidence of a watery past. (Related: "A 2020 Rover Return to Mars?")

One of the primary reasons Curiosity scientists selected Gale crater as a landing site was because satellite images indicated that water-formed minerals were present near the base of Mount Sharp. Grotzinger said that the minerals' presence so close to the landing site, and some five miles from the mountain, is both a surprise and an opportunity.

The current site in Yellowknife Bay is so promising, Grotzinger said, that he would have been "thrilled" to find similar formations at the mission's prime destination at the base of Mount Sharp.  Now the mission can look forward to the surprises to come at the mountain base while already having struck gold.

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NRA Ad Calls Obama 'Elitist Hypocrite'

Jan 16, 2013 12:04am

Pablo Martinez Monsivais/AP Photo

As the White House prepares to unveil a sweeping plan aimed at curbing gun violence, the National Rifle Association has launched a preemptive, personal attack on President Obama, calling him an “elitist hypocrite” who, the group claims, is putting American children at risk.

In 35-second video posted online Tuesday night, the NRA criticizes Obama for accepting armed Secret Service protection for his daughters, Sasha and Malia, at their private Washington, D.C., school while questioning the placement of similar security at other schools.

“Are the president’s kids more important than yours? Then why is he skeptical about putting armed security in our schools, when his kids are protected by armed guards at their school?” the narrator says.

“Mr. Obama demands the wealthy pay their fair share of taxes, but he’s just another elitist hypocrite when it comes to a fair share of security,” it continues. “Protection for their kids and gun-free zones for ours.”

The immediate family members of U.S. presidents – generally considered potential targets – have long received Secret Service protection.

The ad appeared on a new website for a NRA advocacy campaign – “NRA Stand and Fight” — that the gun-rights group appears poised to launch in response to Obama’s package of gun control proposals that will be announced today.

It’s unclear whether the video will air on TV or only on the web. The NRA did not respond to ABC News’ request for comment.  The domain for the website is registered to Ackerman McQueen, the NRA’s long-standing public relations firm.

The White House had no comment on the NRA ad.

In the wake of last month’s mass shooting at Sandy Hook Elementary School, the Obama administration has met with a cross-section of advocacy groups on all sides of the gun debate to formulate new policy proposals.

The NRA, which met with Vice President Joe Biden last week, has opposed any new legislative gun restrictions, including expanded background checks and limits on the sale of assault-style weapons, instead calling for armed guards at all American schools.

Obama publicly questioned that approach in an interview with “Meet the Press” earlier this month, saying, “I am skeptical that the only answer is putting more guns in schools. And I think the vast majority of the American people are skeptical that that somehow is going to solve our problem.”

Still, the White House has been considering a call for increased funding for police officers at public schools and the proposal could be part of a broader Obama gun policy package.

Fifty-five percent of Americans in the latest ABC News/Washington Post poll say they support adding armed guards at schools across the country.

“The issue is, are there some sensible steps that we can take to make sure that somebody like the individual in Newtown can’t walk into a school and gun down a bunch of children in a shockingly rapid fashion.  And surely, we can do something about that,” Obama said at a news conference on Monday.

“Responsible gun owners, people who have a gun for protection, for hunting, for sportsmanship, they don’t have anything to worry about,” he said.

ABC News’ Mary Bruce and Jay Shaylor contributed reporting. 

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‘Cliff’ drops into political vocabulary

Another “Cliff”, center, flanked by Norm, left, and Carla, right, on NBC’s ‘Cheers.’ (Photo courtesy of NBC-TV 1985)Innovations in the political lexicon don’t come along very often. That’s why we’re welcoming with open arms the addition of the word “cliff.”

At first, it was paired exclusively with the word “fiscal” and used to describe the sharp increase in taxes and reduction of spending that would have happened in 2013 without congressional action. But since then, it’s crept into the discourse in other forms, flitting around with other modifiers willy-nilly. There’s a deadline on the deficit ceiling? Call that the “deficit cliff”!

The expiration of milk subsidies got called the “dairy cliff.”

And anything threatening to run out of funding is facing its own “cliff,” if headlines are to be believed.

It’s a useful and evocative metaphor, certainly, implying a stark point of no return and a gaping abyss ahead. In fact, it’s so ominous that at the peak (pun intended) of the debate over the fiscal cliff, those who hoped to metaphorically plunge off of it argued that the media should call it instead a “fiscal slope.”

Allan Metcalf, an English professor at MacMurray College and the author of “OK: The Improbable Story of America’s Greatest Word,” notes that “cliff” is much like suffix “-gate” that’s used to connote scandal — a word or phrase that catches on in popular culture and gets applied to a variety of contexts.

Other examples of the phenomenon include “-pocalypse” and “-mageddon” used as suffixes for various catastrophes, he notes. And thanks to recent current events, we’ve collectively come to refer to percentages, namely, the 1% (the truly elite) or the 47% (GOP candidate Mitt Romney’s estimation of the proportion of government-spongers).

“‘Cliff’ is just another prominent term waiting for others to jump off with it,” he says.

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Asian stocks end mixed

HONG KONG - Asian shares were mixed Tuesday on a lack of direction from Wall Street, but Tokyo hit a 32-month high on hopes for new central bank easing despite giving up early gains as the yen rebounded.

Some bourses advanced early in the session on reassurances from Fed chief Ben Bernanke that quantitative easing was set to continue in the United States, only to lose ground later in the day.

Tokyo put on 0.72 percent, or 77.51 points, to 10,879.08 -- its highest level since April 30, 2010 -- and Shanghai added 0.60 percent to 2,325.68, as environmental firms rose on hopes they will benefit from recent bad pollution.

But Seoul was off 1.16 percent, or 23.30 points, to 1,983.74, led by falls in technology stocks due to a stronger won, and Hong Kong shed 0.14 percent, or 31.75 points, to 23,381.15.

Sydney closed flat, edging down 3.1 points to 4,716.6.

The Japanese currency, which has fallen in recent weeks as new Prime Minister Shinzo Abe vowed to push monetary easing, rebounded after the economy minister warned the weak yen could hurt consumers by making imports more expensive.

The US dollar, which changed hands at 89.56 yen in morning trade and 89.45 yen in New York on Monday, dropped to 88.84 yen after Amari's comments.

The rise in the yen pared some of the gains in Tokyo, which had earlier been up more than 1.2 percent.

A weaker Japanese unit boosts exporters by making their products cheaper overseas and increasing the value of their repatriated foreign income.

Nevertheless the bourse ended strongly after the Bank of Japan governor earlier in the day pledged "aggressive" easing to boost the moribund economy, fuelling speculation the bank could launch new measures after a meeting next week.

The BoJ has been under heavy pressure from Abe's government to adopt an annual two percent inflation target to fight chronic deflation that has haunted the world's third largest economy for years.

There was a note of relief on markets after US Federal Reserve chief Bernanke indicated on Monday, after Asian markets had closed, that the US central bank's latest round of quantitative easing would continue, dealers said.

Asian traders were also looking ahead to fourth-quarter Chinese growth data due to be released on Friday, which analysts hope will confirm that the world's number two economy is picking up following a slowdown.

There was no clear lead from Wall Street, with the Dow Jones Industrial Average gaining 0.14 percent, but the broad-based S&P 500 falling 0.09 percent and the Nasdaq Composite shedding 0.26 percent.

On forex markets in Asian afternoon trade, the euro slipped to 118.75 yen from 119.65 yen in New York. Against the dollar, the euro dipped to US$1.3367 from US$1.3376 in US trading.

Oil prices fell. New York's main contract, light sweet crude for delivery in February, slipped 32 cents to US$93.82 a barrel in the afternoon and Brent North Sea crude for February delivery dipped 23 cents to US$111.65.

Gold was at US$1,680.90 at 1100GMT compared with US$1,668.39 late Monday.

In other markets:

-- Singapore closed down 0.33 percent, or 10.52 points, at 3,196.07.

-- Kuala Lumpur closed flat, edging up 1.26 points to 1,685.89.

-- Bangkok fell 0.16 percent, or 2.21 points, to 1,422.86.

-- Jakarta gained 0.42 percent, or 18.33 points, to 4,400.82.

-- Taipei fell 0.75 percent, or 58.95 points, to 7,765.02.

-- Manila lost 0.10, or 6.23 points, to 6,087.67.

-- Mumbai rose 0.40 percent, or 80.41 points, to 19,986.82 on hopes of a rate cut as inflation eased.

- AFP/ir

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