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Snippets
Job fair in Bering
BLUING Apr® I ; A Jobber
Job seeker* to mrrt wnh units seeking employees in Beijing, report* Xinhua
The fair sponsored by the Beijing Personnel Exchange Centre attracted thousands of Helfing residents
U Shurong one of the or ganuers said that some 230 untts from Beijing, including stale owned collective. for elgn funded enterprises, a* well aa state organs pertlel pated In the fair
in Asian trading^
TOKYO April I The dollar IS seen consolidating In nar rower ranges In thin Aslan trading. with many major over seas markets closed for the long eastern holiday weekend reports Reuter
age of an estimatsT 100 200 million dollars resulting from heavy importer settlements before the local fixing al around 0100 GMT Is hkely to underpin the dollar against the yen. tn an othersriae featureless market, dealers said It wtU be a consolidation phase in the long-term uptrend.' said Masayuki Watanbe. Assistant Manager al Nikko Securities Co Operators look for the dollar to trade tn ranges of 140.30-141 00 yen and I 6900 - 1.7030 Marks during Asian time
Japan counters Dollar's rise
TOKYO. April 1: Japan In the framework of Group of Seven (G 7) coordination, has been making effort* Io counter the dollar s recent rise. Finance Minister Ryutaro Hashimto said, report* Reuter
"W< arc watching the situation (ih< dollar's rise) very carefully', he told the budget committee of parliament's upper house
Economic Planning Agency Minister Michio Ochi told the same committee that he is also watching exchange rates carefully because a weaker yen could affect Japan's domestic prices adversely.
Dollar ends lower
TOKYO. Apr 1: The Dollar ended sharply lower against the Mark but off it* Iowa after short-covering in the afternoon halved earlier losses resulting from speculative selling by US and Swiss banks in Singapore, reports Reuter.
The Dollar closed only slightly lower against the Yen after dropping sharply earlier on the same speculative selling.
The Dollar closed at 140.60 Yen and 1.6865/70 Mark* after Friday s New York close at 140.70/75 and 1.6980/00
RBI devalues Rupee against Pound
BOMBAY. April I: The Reserve Bank of India (RBI) Sunday announced a downward revision of the Rupee by 1.45 per cent in relation to the Pound Sterling, making the British currency costlier by fifth Paise. report* PTI.
The new middle rate now works out to Rs. 34.60 per Sterling as against Ra. 34.10 previously
The Rupee was devalued by 0.15 per cent on March 38.
Search for oil in Vietnam
KUALA LUMPUR. April The national oil companies of Malaysia and Vietnam will sign a contract in the middle of this year to search for oil at two sites off the south coast of Vietnam, report* AFP.
The Vice Chairman of Vietnams State Planning Minister Mai Ky. said Sunday that Petronas and Petrol Vietnam would formalise an Initial contract signed earlier this year
Maldives to go for oil drilling
COLOMBO. April I: The Maldives will start drilling for oil in July thi* year, a statement for it* High Commission (Embassy) in Colombo said Saturday, report* Reuter.
The Maldivian government signed an agreement on an exploratory project with the US Shell Corporation In 1989
The first experimental oil well was expected to be completed by September.
Dollar's sudden surge
TOKYO. April I: Economist* in Tokyo. many taken by *ur prise by the Dollar's sudden surge are warily forecasting the US currency will end the Ui. but below last years highs, report* Reuter
"When we look at the eco nomic fundamental*, we can see a ca*e for a atronger Dollar but not for the llollar panic that's going on now." ■aid Robert Feldman, an economist at Salomon Brothers Asia Ltd