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Snippets
Italy for Gorhachrv in G-7 Hummit
TOKYO. May M : Italian Foreign Minister Gianni De Mwheka urged Japan on Friday to support the idea of Inviting Soviet President Mikhail Gor I»h hev to the Annual Group of
l-ondon. but Japan remained non-committal. reportsiu strlahaed countries. ss bed tiled for July 15-17. brings to gether the leader, of Italy Japan. Britain. Germany. Canada. the United States and France.
De Mlcheits said at a news conference that he had told Japanese Prune Minister loshlkl Kaifu that Italy was tn favour of Inviting Gorbachev to the summit Kaifu said Japan would consider the argument he said.
GATT welcomes Bush's authority
GENEVA. May 25 The world trade forum GATT on Friday welcomed the US ( ongress s renewal of President George Bush s special authority to pursue negotla lions in the Uruguay Round of global trade talks, reports Reuter
But it said movement was still needed to push forward the talks, which have bogged down over a dispute between the European Community and most other countries on cutting trade distorting agricultural support.
Dollar closes lower in New York
NEW YORK. May 25 : The dollar closed lower, pressured by technical and speculative selling, as traders readied themselves for a three-day weekend, reports Reuter.
It's still range-trading, with dollar trading between 1.71-1.73 marks and I expect that range to hold tomorrow. People are not going to be overly aggressive ahead of a three-day weekend, said Robert Hatcher, a dealer for Barclays Bank. Holidays will close trading in the UK and US Monday.
The dollar closed at 1.7115/25 marks, down from the opening of 1.7280/90 marks and Wednesday’s finish of I 7223/30 marks.
ADB grants for five countries
MANILA. May 25: The Asian Development Bank said here that it had approved a total of 569.000 dollars in technical assistance grants to Bhutan. Indonesia. Nepal. Pakistan and Srl Lanka, reports AFP.
The Manila-based ADB said in a statement that the 100.000 dollar grant to Indonesia would be used for a study of geothermal energy pricing in that country which ts developing this Indigenous energy source.
A 100.000 — dollar grant will go to assisting the Bhutan Government prepare a plan for the development of its agriculture. livestock and forestry industries while and equal-stzed grant will go to Improving the financial accounting and reporting systems of Sri Lanka's National Water Supply and Drainage Board. Another 97.000-dollar grant will fund a study for the rationalising of the fertiliser marketing system in Sri Lanka, the ABD statement said.
Flower seeds aboard space shuttle
TOKYO. May 25 : Sakata Seed Corp said Wednesday It would send flower and vegetable seeds up on the US space shuttle Columbia to study the effects of space on agriculture, reports AFP
Japans largest General Seed Company said the seeds would be left for 10 days In’ space conditions of zero gravity and widely changing temperatures. The effects on their genetic makeup will be studied later. It said.
The National Aeronautics and Space Administration (NASA) plans to launch the Columbia on June 1
Exxon withdraws guilty pleas
ANCHORAGE. (Alaska). May 25 : Exxon Corp and Exxon Shipping Co on Friday with drew the guilty pleas they had entered under an Exxon Valdez oll-splll settlement that collapsed reports AP.
US District Judge H Russel Holland had given the companies until Friday to decide whether to withdraw their four guilty pleas to misdemeanor pollution charges. The pleas were part of a 100 million-dollar criminal agreement reached with the federal government In March and rejected by Holland last month.
That deal was part of « 1 billion-dollar ctvil and criminal settlement between Exxon and the stale and federal govern menta over the 1989 spill In Alaska’s Prince William Sound.