Business

No mercy for corporate criminals says US govt
WASHINGTON -- The US government will seek tougher corporate fraud penalties and prosecute lawyers, accountants and others who fail to report wrongdoing, The New York Times said yesterday. Prosecutors will take a harder look at "what kind of advic...

GOLD
NEW YORK -- Selected gold prices (in US dollars per troy ounce) yesterday: Hong Kong:346.30 London:346.00 Paris:346.36 Frankfurt: ; Zurich:347.52 -- Sapa-AP Eastern Cape   South Africa  &n...

NEW HIGHS and LOWS
NEW HIGHS PRICEPREV ITLTILE 62006150 CAXTON 580560 MR PRICE 630625 AVGOLD 1126980 AVIS 953951 JCI 6461 WIPHOLD 189180 ARMGOLD 82007670 SB GFI CD3130 SB HAR CB5653 IB ANG PE5853 IB HAR CE8374 IB IMP PD8450 DB AGL CE6555 DB AGL PP362...

Weak dollar, war threat up gold
JOHANNESBURG -- Gold bullion raced up to $350/oz late on Wednesday and hovered at the mid $340 mark yesterday. The new high boosted the JSE gold index by 2,3% at the close of business. The rest of the market came under some pressure with financ...

Oil high as traders bet on war
LONDON -- Oil prices held firm at 11-week highs yesterday as traders bet that a US-led war in Iraq is a foregone conclusion, raising concerns about the outlook for Middle East oil supplies even as a strike blocks Venezuelan exports. The price of ...

Mboweni's new deputy praises monetary policy
PRETORIA -- The new deputy governor of the SA Reserve Bank (SARB), Ian Plenderleith, yesterday praised South Africa's monetary policy, saying it had contributed greatly to the underlying strength of the economy. "I am a very strong supporter of t...

HERE'S TO PROSPERITY
Thai whiskeys on display at the first Thai Fermented Whiskey Festival in Bangkok. Makers of Thai whiskey once plied their trade in jungle hideouts and farmyard shacks where they concealed themselves from the attention of police. But what was onc...

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 STERLING 14.6696 EURO CURR UNIT 9.4058 UNITED STATES DOLLAR 9.0930 ARA...

SHIPPING
In port last night: An Nooru at T. Arrived yesterday: Nil. Sailed yesterday: Nil. Due today: Nil. Eastern Cape   South Africa   Foreign   Business    Stocks...

Countries in bid to cut steel output
PARIS -- Top steel-producing countries meeting here yesterday said they wanted to see steel production capacity reduced by 140 million tons between 1998 and 2005. Meeting under the aegis of the Organisation for Economic Co-operation and Developme...

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 WANKIE10 GOLD MINING ANGGOLD59000+2198 ARMGOLD...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELL ABSA Fund Managers: Aggressive FoF132,71126,72 Balanced A150,09140,86 Balanced R150,35141,11 Bond A109,20107,64 Dividend Income102,74102,16 Fincl&Ind Index88,1082,6...