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BRIEFS
Currency turmoil may hit growth
WASHINGTON. Sept 20. US Treasury Secretary Nicholas F Brady and Japanese Finance Minister Tsutomo Hata have agreed that turmoil on currency markets could endanger growth tn the world, a Japanese official said The of ftcial. who spoke on condl tion he not be named. said the two would favour a push for stability at ^Saturday > meeting here of cabinet mln istera from the world * seven moot powerful financial coun tries Upa and downs in the market last week brought withdrawal from the European Monetary System by Britain and Italy. The sys tern la designed to keep rates stable as a step toward estab fishing a single currency for 12 of western Europe's major countries, reports AP.
Russian oil output falls
MOSCOW. Sept 30: Russian oil production fell 14 per cent in January August 1992 against the same period of 1991. Izvestia newspaper said, quoting a study by a government economic think tank. It did not give an absolute production figpre Oil output fell 13 f*r cent In the tint six months of the year. Production is expected to drop to 395 million tonnes in 1992 from 460 million in 1991. reports Reuter.
US Senate okays loan to Israel
WASHINGTON. Sept 20: A bill extending 10 billion dollar in loan guarantees to Israel over a (Ive year period has overcome its first parliamentary hurdle. A Senate sub-committee Friday approved the guarantees, which were Included in a foreign aid appropriations bill totalling 13 billion dollar, tn stead of the 15 billion dollar requested by the White House, reports AFP.
Italian labour unions to strike
ROME. Sept 20: Italy faces a wave of strikes over the next few weeks as labour unions react angrily to the government's budget-cutting plan, which would reduce health and pension benefits and raise taxes. The country's three main labour federations. COIL. U1L and CISL, representing millions of workers, on Friday announced a series of four-hour strikes by region from Tuesday through Sept. 29. Thousands of workers nationwide walked off their jobs briefly Friday in wildcat strikes to protest the austerity measures Public employees. Including everyone from postal workers to busdrivers to state Industry employees, planned a encral strike for Oct. 2. reports AP
UNHCR recommends airlift to Sarajevo
GENEVA. Sept 20: Sadako Ogata, the UN High Commi ssloner for Refugees (UNHCR), announced here Saturday that she was rec ommendlng a resumption of the International airlift of relief supplies to Sarajevo. The ^”on afc
an Italian transport plane was shot down by a ground to air missile near the Bosnian cap Itai, reports AFP.
Rally demands Conor's impeachment
RIO DE JANEIRO (Brazil), Sept 20 More than 700.000 Brazilians rallied In heavy rain to demand the Impeachment of President Fernando Colter de Mello as new reports surfaced linking one of his aides to drug traf fickcrs. The demonstration Friday at the central square of Sao Paulo. Brazil's largest and richest city, was the largest since Colter's younger brother Pedro In May accused him of corruption, reports AP.
Moscow's deferral of debt supported
MOSCOW, Sept 19: Ger man and US leaders have told President Boris Yeltsin they would support Russia s request for the deferral of Its massive foreign debt to the two states, a presidential spokesman said on Friday. Anatoly Krasikov said In a statement that both countries supported Moscow's bid for a multi-year deferral of a portion of Us debt."It was stressed that in telephone conversations of the Russian President with Chancellor Helmut Kohl and US Presi dent George Bush both lead era expressed their understanding and support for the position of Russia." he said, reports Reuter