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BRIEFS
Stocks rise, dollar higher in Tokyo
TOKYO, Dec 21: The Tokyo Stock Exchange * leading fn dex closed lower Monday after rising modestly Irynorning trading, while the US dollar finished higher against the Japanese yen. The Nikkei Stock Average closed at 17.645.44. down 35.30 points or 0.20 per cent from Friday's finish. The average rose 242.83 point* or 1.4 per cent Friday and was up 66 points at the end of Monday's morning session, reports AP.
Jamaat may launch interest-free bank
ISLAMABAD, Dec 21: Pakistan* Islamic fundamentalist Jpmaat-E-lslaml party will apply to launch an interest-free bank in accordance with Islamic law, the party said Sunday. The bank will extend interst-free loans to youths who cannot fafford to pay interest rates charged by commercial banks, a party spokesman said, reports AFP.
China to pend $50m to protect panda
BEUING. Dec 21: China plans to pcnd more than 50 million dollar to protect the giant panda in the next decade but muefi of the money will be spent on humans, officials said Monday. The Forestry Ministry hasnot made the details of its National Conservation project for the Giant Panda and Its Habitat available to any Western experts, and little new information was released at the two-hour news conference. reports AP.
EC's common fishing policy accord signed
BRUSSELS. Dec. 21: European Community fisheries ministers have reached agreement on a revision of the EC's common fishing policy over the next decade, diplomatic sources reported here Sunday. The new accord, replacing an agreement signed tn 1983 and due to expire at the end of the year, maintains the principle of national fishing zones extending 12 nautical miles from the shores of each member ktate, reports AFP
IMF worried about Manila's uplift plan
MANILA. Dec 21: The International Monetary Fund, fears the Philippine government's new five-year development plan could lead to higher inflation without sustainable economic growth. In a report released Sunday, the IMF said "the case for a strategyof generating higher growth through larger deficits and expansionary monetary policy without the danger of reigntting inflation and balance of payments pressures has not been established. reports Al’.
Clinton weighing retirement age
WASHINGTON. Dec 21 . President-elect Clinton, facing an unexpected tide of federal red Ink, Is weighing a wide range of deficit-cutting measures such as raising the retirement age for claiming the full Social Security pension, aides said Friday. Clinton transition spokesman George Stephanopoulous stressed that the proposals were Just being studied and that Clinton had made no final decisions. But he said the president-elect was determined to make a significant effort. 'The important thing Is that we have a strong longterm deficit reduction package." Stephanopoulos said, reports AP.
Women get less attention
WASHINGTON. Dec 2E: Women's health and well-being are paid little heed in any epuntry of the world. The women are discriminated on all fronts, and sometimes killed, with the law looking ' the other way, says a publication entitled. "The health of women a global perspective". A decline In per capita income caused by global recession, together with balance of payments problems, deteriorating terms of trade and heavy debt burdens carried by third world countries let a growing number of households unable to meet their basic needs, reports PT1.
Pleads guilty in smuggling case SEATTLE, Dec 2) : Two brothers who financed lavish lives in Europe while running a huge marijuana ring have-pleaded quality to smuggling, authorities said. Christopher S.haffcr, 43. a fugitive In Europe until he surrendered last week, pleaded quality Friday In US District court. He faces qp to 10 years In prison and a two million dollar fine. Also pleading quality was William Shaffer, 46, who was arrested earlier this year tn Germany, reports A!’.