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/ 19 October 2004

Reuters reports 4,4% drop in core revenue

Reuters, the British news and financial information provider, on Tuesday reported a 4,4% drop in core subscription revenue to 528-million pounds ( million) during the third quarter from the same period of last year. Reuters had itself forecast subscription income, or underlying core recurring revenue, to fall by 5% during the third quarter.

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/ 19 October 2004

JSE firmer despite rand strength

The JSE Securities Exchange (JSE) was in positive territory in noon trade on Tuesday although a strengthening rand threatened to pare the bourse’s gains. Dealers said that the market was difficult to call and that there were no clear trends. At noon, the rand was quoted at R6,35 per dollar from R6,37 when the JSE closed on Monday.

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/ 19 October 2004

Locust battle to last two or three years

Donors are belatedly coughing up cash to fight locusts in West Africa, but agricultural experts warned on Monday that it will take two or three years to reduce the number of insects to the point where they no longer present a significant threat to agriculture. Nearly half the crop-spraying aircraft in West Africa have been sent to Senegal.

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/ 19 October 2004

Media rebuked at Shaik trial

The media were called to order for ”sensationalist” reporting as the Schabir Shaik trial entered its second week on Monday. At the start of proceedings, prosecutor Billy Downer told Judge Hillary Squires that the weekend’s Sunday Tribune had carried details from a report on Shaik’s company books that the prosecution commissioned from auditors KPMG.

  • The assistant who ‘knew too much’
  • Shaik’s assistant spills the beans
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    / 19 October 2004

    Pick ‘n Pay manages low inflation, deflation

    Listed retailer Pick ‘n Pay has managed the current South African environment of very low inflation and deflation in some categories by improving its operational efficiencies as well as encouraging higher sales volumes, reflected in an improvement in its operating profit margin to 2,6% from 2,4% a year earlier.

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    / 19 October 2004

    JSE ticks higher as world markets climb

    The JSE Securities Exchange opened marginally firmer on Tuesday, against the backdrop of strong world markets. Advancers outnumbered decliners, but for the most part gains were relatively modest. By 9.20am, the all share index ticked up 0,14%. The financial and banks indices firmed 0,21% and 0,13% respectively.

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    / 19 October 2004

    Japanese man fakes own kidnap to pay for wedding

    A Japanese man looking to finance his wedding tried to convince his fiancée that he had been kidnapped and that she should seek millions of yen in ransom from his boss, police said on Tuesday. Kiyokazu Konishi (32) was found safe in a car on Monday in Osaka and admitted faking the abduction by sending e-mails on his mobile phone to his fiancée pretending to be a kidnapper.

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    / 19 October 2004

    US poll: ‘They can say anything to get elected’

    Democratic presidential candidate John Kerry boasts of flying an Israeli jet and calls out in Hebrew during Florida campaign stops, trying to keep the state’s large Jewish population from straying to United States President George Bush. In 2000, Jews voted 4-to-1 for Democrats Al Gore and Joe Lieberman, the first Jewish candidate on a major party’s presidential ticket.