News Summary, 16 Jul 09
July 16, 2009
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Business
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All Share
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23569.19
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Gold
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$ 937.15
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Brent Crude Oil
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$ 63.55
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Platinum
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$ 1162.50
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Rand / Euro
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11.45
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Rand / $
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8.14
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Dow Jones-Ind
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8616.21
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R153 Bond
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7.34
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South
Africa's
competition authorities had more leniency or
immunity applications in respect of cartels than any other regime in the world.
Retail sales
fell 4,2% in May, compared with the year before, an improvement on the
6,9% of April. Anglo American's coal unit plans to mine for coal in the
Waterberg area within 10 years.
Anglo Platinum expects a fall in interim
earnings a share of between 65% and 75% after commodity prices declined. SACCI's
trade activity index, which reflects the
survey on current trade conditions, remained virtually unchanged at 39 last month after measuring
40 in May. The construction sector strike that targeted
2010 Soccer World Cup infrastructure projects
came to an end, settling on a 12% pay rise.
China
's gross domestic product expanded by 7,9% on
year in the second quarter.
China
’s foreign exchange reserves balloon at a
record pace in the second quarter to top the $2 trillion milestone.
Monsanto announced it is expanding its strong
seeds and traits portfolio to include wheat.
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General
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New
Zealand escaped serious
damage after a magnitude-7.8
earthquake struck off South Island,
triggering a tsunami alert that extended to Australia. In Iran 168 are people feared killed in the
crash of a Caspian Airlines
plane. Nasa finally launched the
shuttle Endeavour last night on a 6.6
million-mile mission that will set a record for the biggest get-together in space.
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Comment
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With
China
’s growth surging again, its demand for raw
materials will escalate. Lower
interest rates seem to be filtering through
as the fall in retail sales have slowed down.
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Press Contact
Tel No: +27 11 217 5300
Fax No: +27 11 784 6454
E-mail:
ldafrica@ldcommodities.com
Physical
Sunridge, 1st Floor, West Wing
62 Wierda Road East
Wierda Valley
Postal
P.O. Box 784658
Sandton
2146
Johannesburg
South Africa
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