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BRIEFS
World's smallest, lightest camera
TOKYO. Feb 3: Japanese camera maker Nikon Corp will start selfing a 35mm auto focus camera that it says Is the world s smallest and lightest. The company unveiled Monday the "Nikon Mini" which weighs 155 g (5.4 oz) and Is 10.80 cm long. 6.20 cm high and 3.2 cm thick (4.2 by 2.4 by 1.2 in) — about the size of a wallet. It will go on sale next month at 37.000 yen (295 dollars), the company said, says a Reuter report.
New chairman of US Export-Import Bank
WASHINGTON. Feb 2: President Clinton on Monday announced his selection of New York Investment banker Kenneth D Brody to be chairman of the Export-Import Bank. The bank is a government agency that makes loans and loan guarantees to help US exporters sell their products and services overseas. Brody is a limited partner in the investment banking firm of Goldman. Sachs & Co. Brody advised the Mexican government on the privatization of its telephone company, according to a White House fact sheet, says Al’.
Shares finish higher in NY
NEW YORK. Feb 2: The stock market posted another gain Monday, following through on last week's rally. Analysts said the market continued to benefit from expectations of strengthening economy without any immediate revival of inflationary pressures. A group of corporate purchasing executives said Monday that its index of business conditions climbed in January to its highest level in 4 1-2 years, says AP
Japan's Dec jobless rate up 2.4 pc
TOKYO. Feb 2: Japan s seasonally adjusted jobless rate rose to 2.4 per cent in December, pushing the annual rate to 2.2. per cent, up 0.1 percentage points, the first increase in six years, a government report said Tuesday. The management and coordination’agency said the unemployment rate in December, up 0.1 percentage points from November, was the highest in 43 months as well as the second consecutive monthly rise, says an AFT report.
Major's foreign arms deal applauded
LONDON, Feb 2: Prime Minister John Major's announcements of arms deals worth around 4.7 billion pound (seven billion dollar) at the end of visits to Oman and Saudi Arabia were welcomed by the arms industry here Friday. The deals, to supply planes to Saudi Arabia and tanks to Oman, should safeguard more than 20,000 jobs In the arms industry, which has shed staff rapidly here since the end of the Cold War. Major said, reports AFT
Japan urged to raise payments to old
TOKYO, Feb 2: Japan should increase welfare payments to old people to prepare for the year 2020 when one in four Japanese will be over 65, a leading business group said on today.
"In the ultra-aged society of 2020, two people with a job will have to support one retired person." the Japan association of corporate executive (Keizai Doyukai) said in a statement, reports Reuter.
Manila's domestic debt record high MANILA, Feb 2: The Philippines' domestic debt soared to a record 514 billion peso (20.5 billion dollar) at the end of 1992, a 55 per cent annual increase, the central bank said here Tuesday. The issuance of 182.4 billion peso (7.3 billion dollar) in government debt instruments to cover deficit spending caused the sub figures released by the bank showed, reports AP.
Taiwan's jobless rate
1.51 pc in '92
TAEPEI, Feb 2: Taiwan's annual jobless rate hit an 11 -year low of 1.51 per cent last year, one of the world's lowest unemployment rales, officials said Tuesday. The number of unemployed people amounted to 132.000 last year, the officials said, citing statistics compiled by the I cabinet-level directorate general of budget, accounting and statistics, reports AFP