Archive for July 9th, 2009

Swine flu-linked deaths double in three days

Thursday, July 9th, 2009

H1N1 swine flu virus culture

(HO/Reuters)

At least 335 people have needed hospital treatment
David Rose

The number of people known to have died after contracting swine flu has doubled in three days, officials said today.

Fourteen people infected with the virus are now known to have died as thousands of people seek medical help with their symptoms every day.

At… »

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South Africa Wants Cyril Ramaphosa as Anglo Chairman

Thursday, July 9th, 2009

July 9 (Bloomberg) — South Africa’s government wants Anglo American Plc, the biggest investor in the country’s mining industry, to consider appointing Cyril Ramaphosa or another black South African as its next chairman, a government official said.

Apart from Ramaphosa, the chairman of MTN Group Ltd., Valli Moosa, the former chairman of Eskom Holdings Ltd.,… »

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US Stocks Grind to Flat Finish

Thursday, July 9th, 2009

Stocks ended narrowly mixed as gains for banking stocks and declining volatility were offset by a declining health-care sector.

The Dow Jones Industrial Average rose 4.76 points, or 0.1%, to 8183.17. Its bank components advanced, but drug giants Merck and Pfizer fell sharply. Merck was tripped up after a clinical trial of a cholesterol drug was… »

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Catching The Gold Bug

Thursday, July 9th, 2009

Worried about a harrowing, inflation-ridden future, Scott Van Steyn has found the answer in a batch of glittering one-ounce gold coins. In fact, they make up a large chunk of the physician’s assets.

“There’s 2,000 years of history to show that gold is the best thing to own during bad inflation,” says Dr. Van Steyn,… »

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SA could be in for a drought

Thursday, July 9th, 2009

Johannesburg, Jul 9 (Sapa) - South Africa could be in for a drought, with a “fairly high probability” of El Nino conditions in the next six… »

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SA MARKET WRAP: Thursday July 9

Thursday, July 9th, 2009

Johannesburg, July 9 (I-Net Bridge) Despite a lacklustre session, South African markets ened generally higher on Thursday. But the rand and the bonds were under a bit of pressure in late… »

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SA Manufacturing Output Down Again

Thursday, July 9th, 2009

A top local economist looks at today’s latest poor numbers from the local economy…. and some broader… »

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Rand weaker, expected above 8.25

Thursday, July 9th, 2009

South African non-seasonally adjusted
manufacturing production fell 17.1% year-on-year (y/y) in May, marginally better than consensus expectations, which looked for a 17.6% y/y fall, said Absa Capital’s economists in a note on Thursday…. »

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New Jobless Claims Plunge; Continuing Claims Hit Record

Thursday, July 9th, 2009

The number of U.S. workers filing new claims for jobless benefits fell sharply last week but the decline was amplified by seasonal adjustments mainly connected with fewer-than-expected layoffs in the automotive sector, the Labor Department said on… »

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