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BRIEFS
Poverty in US records sharp rim*
WASHINGTON, Sept 3 Government figures due to be released Thursday on the number of Americana living in poverty will show a sharp increase from bat year due to the lingering recession, an analyst said. The 1991 Census Bureau poverty and income figures will depict the state of the nation tn the second year of the economic downturn In 1990. there were 33.6 million Americans living tn poverty, up about 50.000 from the previous year More than one American tn seven had In come below the federal poverty line - 13.359 dollar a year for a family of four re ports AI'
Riyadh keen to help
Bosnian economy
JAKARTA Sept 3 Saudi Arabia wants to give Bosnia Herzegovina financial aid to revive its economy and pro vide shelter for Muslim and other refugees fleeing attacks by Serbs. Bosnia's Foreign Minister Mud
Haris Sllajdzlc said he had met Saudi Foreign Minister Prince Saud al-Fatsal. who was "very forthcoming The ministers are attending the Non Aligned Movement Summit tn Jakarta, reports Reuter
Russia seeks additional US loan
WASHINGTON. Sept 3: Russia is seeking from the United States an additional one billion dollar in loan guarantees to buy grain, meat, milk products and other food, a top Russian agricultural official said on Wednesday Leonid Cheshtn-sky. Chirman of Russia's state committee on grain products. said ills cash-strapped country needs the credits to help cover Its food needs , through December. It would use about 800 million dollar to buy grains, and 200 million dollar to buy meat, milk and other food, he said, reports Reuter.
China's bid to
raise oil output
BEIJING. Sept 3: The Chinese government will open to foreigners untapped oil reserves in the eastern . part of the country in a bid to accelerate exploration. The China Daily said Tuesday International bids will be taken both for newly dtscov-. ered reserves and for areas surrounding existing oilfields. the official English-language newspaper said, reports AFP
S. Korea's economy to slow down
SEOUL. Sept 3 : South Ko rea s economy will grow at a slower pace in the second half of the year amid flagging investment and dwindling consumption, a state-invested think tank forecast Wednesday The Korea Development Institute (KDI) said Gross National Product (GNP) would grow 7.1 per cent in the second half and 6.9 per cent for the year, down from 8.4 per cent last year, says AFP
No deal on Russian, US grain trade
WASHINGTON. Sept 3: A Russian delegation met With Agriculture Department officials on Tuesday to negotiate a purchase of US grain, but no deal was reached Immedi -ately Leonid Cheshlnsky. Chairman of Russia s state committee on grain prod ucts. said the hour long discussion were useful, but de tall* were not worked out and other talks would be held later In the week, reports AP
Saudi bank to raise paid in capital
MANAMA Sept 3 : Saudi Arabia's (Al-Jazlrs Bank) plan* to quadruple Its paid In capital to 400 million riyal (107 million dollar) from 100 million riyal, bankers said They said the Jeddah based bank would issue three mil lion shares nominally priced , at 100 riyal each plus a premium of 150 riyal to help boost Its financial base and expand operations in the Kingdom says Reuter
Indian goldmine faces closure
NEW DELHI. Sept 3: In dia's public sector Bharat Gold Mines Ltd. could face closure after a sharp drop in the yield of three mines it manage*, the Press Trust of India (PTI) reported Wednesday The company incorporated in 1972 ran up fosses of 1.1 billion rupee (37 3 million dollar) In the last three years, spending double the value of the metal It extracted, government sources were quoted as say Ing. saysAJT