Business

Boeing in missile defence deal
FARNBOROUGH -- The European Aeronautic Defence and Space Company and US rival Boeing said here yesterday they had agreed to form a transatlantic missile defence partnership. A memorandum of understanding was signed by the two groups on co-operati...

EU nod for Daewoo takeover
BRUSSELS -- The EU Commission gave approval yesterday for General Motors of the United States to acquire South Korean auto manufacturer Daewoo. The commission said the acquisition did not threaten competition on the European Union car market. Th...

Reuters reports first loss in 18 years
LONDON -- British media group Reuters has reported its first loss in its 18 years as a listed company. It said yesterday the loss was due to the fact that its financial-market customers had reined in spending in response to the prolonged downturn...

Oasis is tops in fund survey
JOHANNESBURG -- Oasis is the best-performing retirement fund portfolio manager over one year, according to a survey released yesterday. Absa Consultants and Actuaries' latest quarterly survey for the period ending June found the fund realised a r...

GOLD
NEW YORK -- Selected gold prices (in US dollars per troy ounce) yesterday: Hong Kong: 320,75 London: 318,50 Paris: n/a Frankfurt: n/a Zurich: 318,70 -- Sapa-AP Eastern Cape   S...

NEW HIGHS and LOWS
NEW HIGHS PRICEPREV MASNITE 800750 ISCOR 24002300 DB RCH P74835 IB RCH P66360 DB AGL P810196 DB RCH P99885 BP RCH P84644 SB AGL P66865 GB STX P69689 IB ISC C18280 IB SOL P311280 IB RCH P38471 DB ISC C3145138 DB AMS P2212169 DB SAP P2132120 IB ...

Japan exports more cars
TOKYO -- Five major Japanese automakers said yesterday exports were up in the January-June period from a year earlier, with Honda and Nissan's exports rising more than 20%. Honda's exports surged 20,4% to 226 996 units in the six-month period, wh...

World jitters put local market under pressure
JOHANNESBURG -- The local market has continued to come under pressure with nervousness all around. The JSE moved up slightly in early trading yesterday, but progressively worsened, with the all-share index ending down 2,8% at 9637. The Top 40 ...

Leak of rand report a 'ploy to mislead'
PRETORIA -- The government took strong exception to the majority report of the Myburgh Commission of Inquiry being leaked, Justice Ministry spokesman Paul Setsetse said yesterday "This, it seems, is a deliberate attempt on the part of persons wi...

MAJOR MOVEMENTS
DAILY TOP 10 UP EXPLORER3022+ 275,0 SB ANG P53321+ 175,0 DB SAP P763+ 100,0 SB RCH C342+ 100,0 MAXTEC 115+ 83,3 SG RCH P194+ 80,0 IB SOL C452+ 66,7 G STX CC45621+ 60,0 SB ALS P24818+ 60,0 UB RCH P52710+ 58,8 WEEKLY TOP 10 UP EXPLORER3026+ 65...

RATES OF EXCHANGE
JOHANNESBURG -- Yesterday's closing exchange rates, as supplied by Standard Bank: (R/£, R/Euro R/US$ and R/Irish£, other rates per rand.) BRITISH STERLING16.0358 EURO CURR UNIT10.1882 UNITED STATES DOLLAR10.1840 ARAB EMIRATES DIR0.3342 A...

Russia produces more gold
MOSCOW -- Russian mines produced 47 tonnes of gold in the first six months of the year, 35,2% more than in the same period in 2001, Valery Braiko, chief of the Russian gold production union, said yesterday. For the full-year 2001, Russia produced...

SHIPPING
In port last night: Pacific Brigand in drydock, SA Kuswag I and SA Kuswag IV in repair quay, Emirate Star at S. Arrived yesterday: Nil. Sailed yesterday: Nil. Due today: P&O Nedlloyd Kowie (06h00) from Durban to L, Titus (06h00) from Spain ...

JOHANNESBURG SECURITIES EXCHANGE at the close
Use your computer to receive JSE prices, futures, graphs and more. Details an accuracy queries: Sharenet: (021) 710 5700. See our internet site at http://www.sharenet.co.za MINING COAL CENTURY4SUS WANKIE6 GOLD MINING ANGGOLD48700-4000 ARMGOLD5...

Pakistan penalises SA tin
ISLAMABAD -- Pakistan has taken its first ever anti-dumping action by imposing punitive taxes on tin imports from South Africa, trade minister Abdul Razak Dawood said here yesterday. The move was in line with Pakistan's recent anti-dumping laws. ...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELL ABSA Fund Managers: Aggressive FoF125,87120,19 Balanced A145,41136,48 Balanced R145,54136,60 Bond A104,36102,87 Fincl&Ind Index88,9383,46 Flexible101,5495,30 Genera...

Independent WorldCom probe approved
NEW YORK -- A US Justice Department request to appoint an independent examiner to investigate bankrupt WorldCom Inc has been approved. That's according to the Wall Street Journal's online edition which cited court documents as proof. The request...