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/ 19 September 2007
The JSE extended its gains by midday on Wednesday following the rally in world markets that was driven by a strong performance on Wall Street overnight. Wall Street surged on news that the United States Federal Reserve had cut interest rates by 50 basis points, creating a positive sentiment for investors for bargain-hunting.
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/ 19 September 2007
AC Milan opened the defence of their Champions League title with a 2-1 win over Benfica on Tuesday, while Chelsea and 10-man Liverpool had to settle for 1-1 draws. Nearly four months after beating Liverpool to win their seventh European Cup, Andrea Pirlo scored one goal and set up the other.
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/ 19 September 2007
The female condom has failed to take off in Kenya, depriving women of one of the few means over which they have control of protecting themselves.
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/ 19 September 2007
Having for the first time in a decade halted the draining away of freight transportation from the railways to the roads, Maria Ramos, the chief executive of Transnet, is aiming to win back a large slice of the business. "Not all cargo on the roads is suitable for rail," Ramos explained in Cape Town on Wednesday, "but we are targeting the container traffic aggressively."
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/ 19 September 2007
Some of South Africa’s most famous artists, including singer Johnny Clegg, have accused the country’s public broadcaster of demanding bribes if they want to be heard on air. ”It’s a very crazy situation … that we local musicians have to pay to get airplay on radio stations,” said Clegg, who is nicknamed the White Zulu.
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/ 19 September 2007
Two soldiers who smuggled guns and ammunition out of Iraq to sell to other members of their unit accepted cocaine as payment for a pair of pistols, a court martial heard on Tuesday. The soldiers even produced a catalogue with photographs and details of the weapons they intended to ”tout” around their unit.
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/ 19 September 2007
Britain is poised to announce significant cuts in the number of troops in southern Iraq following an upbeat assessment by United States and British military officials in London on Tuesday. This was the message from defence officials following talks between ministers and General David Petraeus, the US military commander in Iraq.
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/ 19 September 2007
The United States Federal Reserve on Tuesday night slashed interest rates in a dramatic move designed to prevent the ailing US economy falling into recession. Abandoning its previous hardline stance against inflation, the Fed cut by half a point both its federal funds rate and the discount rate at which banks lend to each other.
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/ 19 September 2007
Typhoon Wipha made landfall in eastern China on Wednesday, knocking out power and water supplies to tens of thousands of residents, but promptly lost strength as it travelled inland. Officials said it was too early to assess damage on the coast, but there were not immediate reports of casualties.
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/ 19 September 2007
Providing healthy people with an antiretroviral drug to protect them against HIV infection could drastically slow the spread of the virus in sub-Saharan Africa, United States researchers said on Tuesday. In a best-case scenario, the drug could prevent three million new HIV cases in this part of Africa over a 10-year span.