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/ 22 August 2007

US helicopter crashes in Iraq, killing 14

A helicopter went down in northern Iraq on Wednesday, killing all 14 United States soldiers aboard, the military said, the deadliest crash since January 2005. Iraqi security forces also faced more violence in northern Iraq, with a roadside bomb targeting a police patrol in the centre of Tikrit.

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/ 22 August 2007

JSE up strongly on Asian rally

The JSE was up strongly at midday on Wednesday, taking its cue from a rally in Asian markets. The Hang Seng gained 2,84% and the Shanghai added 0,5%, while the Singapore Straites Times collected 2,61%. At midday on the JSE, the all-share index was up 1,67%. Resources gained 2,31%, and the gold- and platinum-mining indices edged up 0,79% and 0,45% respectively.

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/ 22 August 2007

Oil prices rebound in Asian trade

Crude oil prices rebounded in Asian trade on Wednesday after dropping below overnight as Hurricane Dean weakened and it appeared the storm would have no lasting effect on Mexican oil production. Light, sweet crude for October delivery rose by 27 cents to ,84 a barrel in Asian electronic trading on the New York Mercantile Exchange.

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/ 22 August 2007

Zim eases price freeze on some basic goods

Zimbabwe has allowed businesses to raise the prices of some basic goods and services, slightly easing a price freeze that has left shop shelves empty and deepened an economic crisis. President Robert Mugabe’s government had ordered a price rollback to June 18 levels in a bid to stem inflation of more than 4 500%.