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Snippets
Japan’* investment in USSR sought
KVOTOW^sl. Apr 20 : Soviet President Mikhail Gorbachev, empty handed de spite marathon talks and a Joint declaration in Tokyo.
. W* .ppr4 U bus-ness leaders in western Japan for aid and investment, reports Reuter.
But businessmen here as tn Tokyo. reacted coolly. Gorbachev played down the significance of the declaration he signed with Japanese Premier Toshiki Kalfu on Thursday.
Final talks on Polish debt reduction
PARIS. Apr 20 : Poland on Friday began final negotiations here with the Parts Club of creditor nations on a 50 per cent reduction In Its debt, despite reservations from Japan which fears the move could set a dangerous precedent, reports AFP.
The 50 per cent reduction in Poland s 33 billion dollar debt to creditor countries, already agreed in principle, is the largest ever offered to a debtor country.
The United States has already said It will In fact reduce Poland's debt by 70 per cent while France is offering 60 per cent
Unemployment rises in EC states
LUXEMBOURG, Apr 20 : Unemployment tn the 12 member states of the European Community increased slightly to 8.5 per cent in February, the EC statistics office Eurostat said, reports Reuter.
It said this com pares with a seasonally adjusted rate of 8.4 per cent both in January 1991 and In February 1990.
The Increase does not Include the 787,000 people registered as out of work in former East Germany.
Unemployment Increases were recorded during February in Britain, France. Belgium and Ireland. Eurostat said. Monthly figures were not available for the Netherlands and Greece.
Bullish signal for US dollar
LONDON, Apr 20 : The dollar's spike above its 1991 high of 1.7220 marks has given a bullish signal for the US currency. said analysts who look for the dollar to move soon to I the mid-to-high 1.70s, reports Reuter.
They said the rise to 1.7220 at the end of March was the halfway point between the high of 2.00 marks in mid-Scptember 1989 and the low at 1.4430 on February 11 this
If we break above this level the objective would be a 61.8 per cent retracment which Is 1.79 marks, said Christina Dunis, Forex Advisor at Chemical Bank in London.
New Japanese aid to Kurds
TOKYO, Apr 20: Japan announced new aid for Kurdish refugees who have fled into Turkey and Iran but was noncommittal over whether It would send help to camps being set up within Iraq by the US military, reports Reuter.
Foreign Ministry spokesman Taizo Watanabe told reporters a 12-member medical team left Tokyo on Thursday for an 18-day stint to help the refugees, joining a six-member team already working with them.
The government has also chartered three planes to carry a mobile clinic, blankets, powdered milk and hard biscuits which will leave for Turkey and Iran next week, he said.
Turkey gets ADB membership
MANILA. Apr 20: The Aslan Development Bank (ADB) said it had accepted Turkey as Its 51st member, reports Reuter.
The bank said in a statement the membership took effect on April 15 upon the country's subscription of 6,020 shares valued at 60.2 million dollars or 80.7 million dollars of ADB's capital slock of 22.6 billion dollars.
Turkey’s subscription has a paid-up portion of 12 per cent amounting to 7.23 million dollars or 9.7 million dollars. The balance represents callable shares, the statement said
China to donate 100 ton* goods to Iran,Turkey
BEIJING. Apr 20: China will donate 1OO tonnes of goods as humanitarian aid to Iran and Turkey to help them cope with refugees fleeing Iraq, the official New China News Agency said on Saturday, reports Reuter.
The tents, blankets, clothing and medicine will be shipped In the near future, the agency, quoting sources at the Ministry of Foreign Economic Relations and Trade, said. It gave no further details.