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/ 8 February 2006

Zim senator detained over grey market activity

One of Zimbabwe’s new ruling party senators has been picked up for questioning on suspicion of diverting scarce wheat to the lucrative parallel market, the state-controlled Herald reported on Wednesday. Wheat, like maize, is a controlled product but some producers complain they are not getting realistic prices for the commodity in Zimbabwe’s high-inflation environment.

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/ 8 February 2006

Blast kills 12 of elite Russian unit in Chechnya

At least 12 people were killed and more than 20 injured when a blast ripped through a barracks for elite troops in Chechnya, Russian military and local emergency ministry officials said early on Wednesday. The explosion late on Tuesday collapsed the two-storey barracks of the Vostok Battalion in Kurchaloi in the east of the war-torn province.

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/ 8 February 2006

Egypt, Côte d’Ivoire in final stretch

Hosts Egypt are just one win away from a record fifth African Nations Cup title after they beat Senegal 2-1 in a riveting semifinal in Cairo on Tuesday. The Pharaohs will meet fellow group-A outfit Côte d’Ivoire — whom they beat 3-1 in the first round — in Friday’s showpiece after the Elephants edged Nigeria 1-0 earlier in the day.

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/ 8 February 2006

JSE down in resources-led correction

JSE went down like a lead balloon on Wednesday morning after a oil-triggered sell off in commodities overnight sparked aggressive profit-taking in heavyweight resources stocks. Weaker world markets aggravated matters. By 12.01pm, the all share index slipped 1,69%. Resources slumped 3,01%, with the gold and platinum mining indices plunging 3,94% and 4,34% respectively.