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/ 25 October 2007
South African bank shares leapt on Thursday after reports that China’s biggest bank, Industrial and Commercial Bank of China, has agreed to buy a 20% stake in Standard Bank, in a deal reported to be worth ,5-billion. Trading in Standard Bank shares was halted ahead of the release of a statement by the bank on the outcome of negotiations.
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/ 25 October 2007
Singapore will make history when it stages the first Formula One night race next year after the sport’s governing body gave the go-ahead, the race promoter said on Thursday. Singapore GP Ltd said the Federation Internationale de L’Automobile (FIA) gave its approval for the night race through the Singapore Motor Sports Council.
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/ 25 October 2007
South Africa claimed their second sporting title within five days thanks to a 4-3 penalty shootout victory against Zambia in the Cosafa Castle Cup final on Wednesday. The success of Bafana Bafana following a goalless draw in Bloemfontein came five days after the Springboks lifted the Rugby World Cup with a 15-6 triumph over England in Paris.
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/ 25 October 2007
South Africa’s producer price index (PPI) rose by 9,4% year-on-year (y/y) in September, unchanged from August, Statistics South Africa data on Thursday showed. The PPI declined 0,7% on a monthly basis after August’s monthly increase of 0,7%. PPI was at 9% y/y a year ago.
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/ 25 October 2007
The JSE remained firm at midday on Thursday as activity in the banking sector continued to dominate the market. At noon, the all-share index was up 0,97%, led by a 3,34% climb in the platinum mining index. The gold mining index gained 1,34% and resources rose 0,69%.
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/ 25 October 2007
An advertising campaign to counter discrimination against gays has stirred up passions in Italy, using a poster that shows a newborn with the word ”homosexual” written on his wristband. ”Sexual orientation is not a choice,” reads the slogan on the poster that was going up all across the central-northern Tuscany region.
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/ 25 October 2007
Human rights group Amnesty International accused state security forces in the Democratic Republic of Congo of systematic torture and killings in a report published on Thursday. Amnesty blamed two government security forces — the special services police and the republican guard — for attacks on opponents of President Joseph Kabila.
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/ 25 October 2007
Gold Fields reported on Thursday an 18,6% fall in first-quarter adjusted earnings per share compared with the prevous quarter, blaming higher costs and falling output overseas. Gold Fields, the world’s fourth biggest gold producer, said adjusted EPS declined to 61 cents.
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/ 25 October 2007
Minister of Sport and Recreation Makhenkhesi Stofile has said South Africans would be given an opportunity to take part in a national debate regarding the Springbok emblem. He said the debate would not only focus on the Springbok emblem, but would include all the other sports emblems in the country.
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/ 25 October 2007
Israeli officials prepared a plan on Wednesday to cut power supplies to the Gaza Strip amid violence that killed two Palestinian boys after a rocket salvo damaged an apartment building in the Jewish state. The United Nations has told Israel it must not inflict collective punishment by cutting vital supplies and services.