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/ 7 April 2008

Yahoo! rejects latest Microsoft takeover bid

United States internet company Yahoo! on Monday rejected software giant Microsoft’s three-week ultimatum to accept a takeover offer, but left the door open to a higher bid. "We continue to believe that your proposal is not in the best interests of Yahoo! and our stockholders," it said in a letter to Steve Ballmer, CEO of Microsoft.

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/ 7 April 2008

Rights group says sexual violence rife in Darfur

Girls as young as 11 have suffered rape by Sudanese government forces and armed groups across Darfur more than five years after war began there, a rights organisation said on Monday. Human Rights Watch said sexual violence is rife in Darfur, where neither Sudanese security forces nor international peacekeepers are properly protecting women and girls.

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/ 7 April 2008

Iraq’s leader threatens to bar cleric from vote

Iraq’s prime minister has raised the stakes in his showdown with followers of Shi’ite cleric Moqtada al-Sadr, saying in an interview broadcast on Monday they would be barred from elections unless their militia disbanded. The comments followed raids on Sunday by security forces into the cleric’s Baghdad stronghold, the slum of Sadr City.

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/ 7 April 2008

Rooney saves United, Everton down Derby

Wayne Rooney scored an equaliser as Manchester United hit back for a 2-2 draw at Middlesbrough on Sunday, which left them three points clear in the Premier League. After second-place Chelsea’s 2-0 victory at Manchester City on Saturday, the Red Devils needed to win at the Riverside and took a 10th-minute lead through Cristiano Ronaldo.

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/ 7 April 2008

Resources gain momentum, drive JSE up

Resources continued to gain momentum from the morning trade session, driving the JSE further into positive territory by midday on Monday. By noon the JSE’s broader all-share index had advanced 1,72% as resources were up 2,92%. The platinum-mining index climbed 0,94% while the gold-mining index edged up 0,04%.

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/ 7 April 2008

Oil rises on poor US jobs data

Oil prices rose on Monday in Asia as prospects for further cuts in United States interest rates seemed more likely after poor US jobs data at the end of last week. The US Labour Department said on Friday that employers cut payrolls by 80 000 jobs last month, many more than analysts had expected.

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/ 7 April 2008

Eskom wants confidentiality in tariff request

Eskom was to ask the National Energy Regulator of South Africa to withhold sections of its tariff-increase application from the public at a meeting on Monday on the grounds that the information was ”business sensitive”, the regulator said. Eskom, which was granted a 14,2% increase at the end of last year, is now seeking a 53% hike.