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Last Updated: Wednesday, 10 March 2010 09:09:25

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‘Shortsighted’ move would scare off investors, says Strauss-Kahn
 

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SOUTH African stocks closed in the red yesterday amid profit- taking on the local bourse with banking stocks hardest hit.
THE rand eyed R7,50 against the US dollar yesterday afternoon as the euro lost ground against the greenback.
US STOCKS edged higher yesterday, the one-year anniversary of the market lows reached in the recession, helped by gains in industrial shares as optimism about the recovery remained intact.
GOLD fell 1% in Europe yesterday to below 1110/oz as the dollar climbed on rising risk aversion, denting interest in the metal as an alternative asset and making it more expensive for non-US buyers.
BONDS were between four and five basis points softer yesterday as supply issues continued to weigh on the market.
IT’s hard to find a good argument for investing in small caps. Proponents of the concept often lack the objectivity to provide it. The Red Hot Pennystocks newsletter, for example, argues for three advantages

Top Stories

Metropolitan says the operating environment remains extremely turbulent and unpredictable throughout the year, with inflation and extensive job losses putting pressure on clients' disposable income, as well as on the group's capital and operating profits during the year.
THE Constitutional Court yesterday made a ruling that prevents private companies from interfering in the government’s administration of antidumping duties.
South African Airways’ (SAA’s) new CEO, Siza Mzimela, caused a rumpus in Parliament yesterday when instead of turning up at a meeting of the public enterprises committee to answer allegations of SAA’s involvement in ticket price collusion.
Controversial national police commissioner Bheki Cele yesterday sharply criticised other elements of the criminal justice system — notably those granting bail and parole — for making already dangerous police work even more so.
Thousands more Soccer World Cup tickets will become available from next month, adding to the 311000 that are yet to be sold, and all will go on sale from April 15, the local organising committee (LOC) told MPs yesterday.
 
 
 

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