SOUTH AFRICA

Bolt back to business as ''VCB'' strikes gold

Bolt back to business as VCB strikes gold

Veronica Campbell-Brown ripped Allyson Felix's 200 meters crown from her grip on Friday while another Jamaican scorched up the road to redemption and into the hearts of the Daegu crowd at the world athletics championships.

3 Reasons to Invest in Palladium

Sheets of palladium
The value of palladium, the least known of the world's four major precious metals, is set to rise this year, perhaps more sharply than its more popular cousins.
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Libyans demonstrate against Gadhafi at the Libyan  Embassy in Harare, Zimbabwe.

Zimbabwe Expels Libyan Ambassador

Zimbabwe's foreign minister said his country will not recognize the Libyan group’s rebel National Transitional Council (NTC) as the legitimate ruling entity.
China is confident more foreign investments will flow into the country

China's yuan could challenge dollar role in a decade

Here's a bold prediction to feed Western worries that power is shifting inexorably to the East: China's yuan could overtake the U.S. dollar as the world's principal reserve currency as soon as next decade.
Aussie Retail Sector Gets Boost from Global Players

S.Africa growth slows, boosts case for rate cut

South Africa's economy grew at its slowest pace in almost two years in the second quarter as the manufacturing and mining sectors slumped after strikes, boosting the case for interest rate cuts while denting the government's job-creation hopes.
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China's yuan could challenge dollar role in a decade

Here's a bold prediction to feed Western worries that power is shifting inexorably to the East: China's yuan could overtake the U.S. dollar as the world's principal reserve currency as soon as next decade.
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Gold Prices, Treasuries Down as Stocks Climb

Gold prices dropped sharply in holiday-thinned trade on Monday, falling as much as 2.7 percent after Wall Street stocks opened higher, deflecting interest from the safe-haven metal.
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DRDGold Posts Big Earnings Increase

DRDGold , South Africa's fourth largest gold producer, said on Monday its headline earnings more than doubled as it lifted output during a period when the gold price steadily advanced.
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Early Asian Price Decline Eases

Gold prices eased a touch in holiday-thinned trade on Monday as investors took bets on higher prices off the table, disappointed by a lack of clear guidance from the Federal Reserve on Friday on the options for U.S. economic stimulus.
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Russia, China resist U.N. Syria sanctions push: envoys

A U.S. and European push to impose U.N. Security Council sanctions on Syria for its bloody crackdown on pro-democracy demonstrators is meeting fierce resistance from Russia and China, U.N. diplomats said.
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Australian Gold Production Up 10 Percent

A drive to benefit from record bullion prices lifted Australian gold production by 10 percent, or 24 metric tons, to 270 metric tons in the 2010/11 financial year, maintaining Australia's No. 2 ranking behind China, a sector survey released on Sunday showed.
Susan Shabangu

S.Africa: Mines Minister to Assess Industry Progress

South Africa's mines minister Susan Shabangu will in a few weeks time give her assessment of how much progress the industry has made in reaching the targets of a charter aimed at giving previously excluded blacks a higher share of ownership, her spokesperson said on Friday.
Rebel fighters check an armoured door at a tunnel in the ransacked Bab al-Aziziya compound of ousted Libyan leader Muammar Gaddafi in Tripoli

Rebels Send in Special Forces to Hunt for Gaddafi

Libyan rebels said they were sending in special forces units in their hunt for fugitive strongman Muammar Gaddafi, whose supporters are now pinned down in pockets of resistance in the capital, Tripoli.
A rebel steps on a poster of Libya's leader Muammar Gaddafi at Rixos hotel in Tripoli

Hunted in Tripoli, Gaddafi Hurls Defiance

Fugitive strongman Muammar Gaddafi taunted his Libyan enemies and their Western backers from his hiding place as NATO targeted his hometown and rebels announced a move to govern the country from Tripoli.
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Gold Fields Ltd. Warns of Spurious Web Sites

Gold Fields Ltd., a major gold mining company, warned Thursday that there were several Web sites that use Gold Fields branding and purport to be investment vehicles on behalf of the company.

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