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REAGAN WARNS CONGRESS ON PROTECTIONISM	President Reagan warned the U.S. Congress in his weekly radio address against passing what he called dangerous, protectionist trade legislation that would tie his hands in trade negotiations with Japan and other countries. Reagan, who will hold talks with Japanese Prime Minister Yasuhiro Nakasone here this week, sa...	TITLE:REAGAN WARNS CONGRESS ON PROTECTIONISM BODY:President Reagan warned the U.S. Congress in his weekly radio address against passing what he called dangerous, protectionist trade legislation that would tie his hands in trade negotiations with Japan and other countries. Reagan, who will hold talks with Japanes...
TRADE MINISTERS SAY GOVERNMENTS NEED CREDIBILITY	Four trade ministers ended a weekend meeting with a frank confession that their governments are losing credibility in world financial markets and will not regain it until they back their promises over trade and currencies with action. "Until today we have anounced policies, but when it came to action required it wa...	TITLE:TRADE MINISTERS SAY GOVERNMENTS NEED CREDIBILITY BODY:Four trade ministers ended a weekend meeting with a frank confession that their governments are losing credibility in world financial markets and will not regain it until they back their promises over trade and currencies with action. "Until today we ha...
EC FARM MINISTERS TO RESUME PRICE TALKS	European Community (EC) agriculture ministers resume discussions in Luxembourg tomorrow on tough 1987/88 farm price proposals from the bloc"s executive Commission with only thin hopes of reaching a quick agreement. Their current chairman, Belgium"s Paul de Keersmaeker, promised at the end of the group"s last meetin...	TITLE:EC FARM MINISTERS TO RESUME PRICE TALKS BODY:European Community (EC) agriculture ministers resume discussions in Luxembourg tomorrow on tough 1987/88 farm price proposals from the bloc"s executive Commission with only thin hopes of reaching a quick agreement. Their current chairman, Belgium"s Paul de Keers...
SAUDI RIYAL DEPOSITS STEADY IN DULL MARKET	Saudi riyal interbank deposits were mainly steady at yesterday"s higher levels in a market which saw little activity due to the European weekend, dealers said. They said banks in the kingdom offered two and three month deposits 1/16 of a percentage point lower, but there were few takers. Rates for short-dated a...	TITLE:SAUDI RIYAL DEPOSITS STEADY IN DULL MARKET BODY:Saudi riyal interbank deposits were mainly steady at yesterday"s higher levels in a market which saw little activity due to the European weekend, dealers said. They said banks in the kingdom offered two and three month deposits 1/16 of a percentage point lowe...
G-7 OFFICIALS TO DECIDE ON SUMMIT AGENDA	Senior officials from the Group of Seven (G-7) countries will meet next week to decide an agenda for the body"s June summit scheduled to be held in Venice, Japanese officials said. The meeting will provide senior government officials with their first chance to discuss the recent sharp drop of the dollar, although t...	TITLE:G-7 OFFICIALS TO DECIDE ON SUMMIT AGENDA BODY:Senior officials from the Group of Seven (G-7) countries will meet next week to decide an agenda for the body"s June summit scheduled to be held in Venice, Japanese officials said. The meeting will provide senior government officials with their first chance to ...
EC MINISTERS LIKELY TO CRITICISE FINANCE IDEAS	Plans for a new-style European Community (EC) free of damaging budget wrangles receive their first full review from EC foreign ministers today, but are unlikely to gather much support. Diplomats said key EC capitals would voice strong criticism of proposals that would lead to a sharp increase in EC budget payments ...	TITLE:EC MINISTERS LIKELY TO CRITICISE FINANCE IDEAS BODY:Plans for a new-style European Community (EC) free of damaging budget wrangles receive their first full review from EC foreign ministers today, but are unlikely to gather much support. Diplomats said key EC capitals would voice strong criticism of proposa...
ADB DELEGATES GATHER IN JAPAN AMID CONTROVERSY	Delegates from 46 countries are gathering for the 20th meeting of the Asian Development Bank (ADB) amid concern over the bank"s role in aiding regional development. The three-day meeting, the first to be held in Japan since the bank"s inaugural meeting in Tokyo in 1966, will open tomorrow with political controversy...	TITLE:ADB DELEGATES GATHER IN JAPAN AMID CONTROVERSY BODY:Delegates from 46 countries are gathering for the 20th meeting of the Asian Development Bank (ADB) amid concern over the bank"s role in aiding regional development. The three-day meeting, the first to be held in Japan since the bank"s inaugural meeting in...
BANK OF JAPAN INTERVENES IN TOKYO BUYING DOLLARS	The Bank of Japan intervened buying dollars shortly after the opening of 137.70 yen, dealers said. Strong selling from life insurance companies and investment trusts pressured the dollar downward, but the U.S. Unit steadied on profit-taking buying by petroleum companies and intervention by the central bank. The...	TITLE:BANK OF JAPAN INTERVENES IN TOKYO BUYING DOLLARS BODY:The Bank of Japan intervened buying dollars shortly after the opening of 137.70 yen, dealers said. Strong selling from life insurance companies and investment trusts pressured the dollar downward, but the U.S. Unit steadied on profit-taking buying by pe...
SUMITA SAYS FURTHER YEN RISE UNLIKELY - JIJI PRESS	Japan's Jiji Press quoted Bank of Japan Governor Satoshi Sumita as telling Japanese reporters the central bank will continue determined market intervention to prevent a further rise in the value of the yen. Sumita, who is attending an annual meeting of the Asian Development Bank, also said he does not think the yen...	TITLE:SUMITA SAYS FURTHER YEN RISE UNLIKELY - JIJI PRESS BODY:Japan's Jiji Press quoted Bank of Japan Governor Satoshi Sumita as telling Japanese reporters the central bank will continue determined market intervention to prevent a further rise in the value of the yen. Sumita, who is attending an annual meeting o...
BUNDESBANK INTERVENES IN TOKYO VIA BANK OF JAPAN	The Bundesbank intervened in the Tokyo foreign exchange market to buy a small amount of dollars against marks through the Bank of Japan, dealers said. The West German central bank bought dollars when the dollar was at about 1.7770-80 marks. Dealers' estimates of the intervention amount varied from 100 mln to one bi...	TITLE:BUNDESBANK INTERVENES IN TOKYO VIA BANK OF JAPAN BODY:The Bundesbank intervened in the Tokyo foreign exchange market to buy a small amount of dollars against marks through the Bank of Japan, dealers said. The West German central bank bought dollars when the dollar was at about 1.7770-80 marks. Dealers' est...
MIYAZAWA SAYS POLICY COORDINATION KEY TO CURRENCY	Japanese Finance Minister Kiichi Miyazawa told a press conference the basic solution to currency instability among major nations is economic policy coordination. He said that is a time-consuming process as coordination does not always proceed in a way policy makers envisage. "That is democracy," he said. Upon that ...	TITLE:MIYAZAWA SAYS POLICY COORDINATION KEY TO CURRENCY BODY:Japanese Finance Minister Kiichi Miyazawa told a press conference the basic solution to currency instability among major nations is economic policy coordination. He said that is a time-consuming process as coordination does not always proceed in a way ...
CSR PLANS TAKEOVER BID FOR MONIER	CSR Ltd <CSRA.S> said it plans to offer 3.50 dlrs a share cum-bonus for all the issued capital of building products group Monier Ltd <MNRA.S>. The offer values Monier's current issued capital of 156.28 mln shares at 547 mln dlrs and compares with the latest share market price of 2.80 dlrs, equal to last Friday's cl...	TITLE:CSR PLANS TAKEOVER BID FOR MONIER BODY:CSR Ltd <CSRA.S> said it plans to offer 3.50 dlrs a share cum-bonus for all the issued capital of building products group Monier Ltd <MNRA.S>. The offer values Monier's current issued capital of 156.28 mln shares at 547 mln dlrs and compares with the latest share mark...
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USSR ATTENDS ADB MEET, UNCERTAIN ON MEMBERSHIP	The Soviet Union is attending an Asian Development Bank (ADB) annual general meeting for the first time, but has not decided whether to apply for membership, a senior Soviet State Bank official said. "No specific plans exist for applying for membership," Yurij Ponomarev, international managing director of the State...	TITLE:USSR ATTENDS ADB MEET, UNCERTAIN ON MEMBERSHIP BODY:The Soviet Union is attending an Asian Development Bank (ADB) annual general meeting for the first time, but has not decided whether to apply for membership, a senior Soviet State Bank official said. "No specific plans exist for applying for membership," ...
RAINFALL EASES DROUGHT IN NORTH CHINA	Spring rain in the last few days has helped ease a serious drought in most of north China, the New China News Agency said. It said rain fell in Peking, Shandong, Hebei, Henan, Shanxi, Shaanxi, Qinghai, Sichuan and parts of Inner Mongolia. It said the drought in Shanxi, north Hebei, north Shaanxi and Peking has basi...	TITLE:RAINFALL EASES DROUGHT IN NORTH CHINA BODY:Spring rain in the last few days has helped ease a serious drought in most of north China, the New China News Agency said. It said rain fell in Peking, Shandong, Hebei, Henan, Shanxi, Shaanxi, Qinghai, Sichuan and parts of Inner Mongolia. It said the drought in Sh...
U.S. MAY TELL JAPAN SANCTIONS CAN END - NY TIMES	President Reagan is expected to tell Prime Minister Yasuhiro Nakasone this week that the U.S. May be able to lift trade sanctions against Japan by the end of June, the New York Times said. The newspaper, quoting administration officials, said that under such a scenario the President would announce just before the J...	TITLE:U.S. MAY TELL JAPAN SANCTIONS CAN END - NY TIMES BODY:President Reagan is expected to tell Prime Minister Yasuhiro Nakasone this week that the U.S. May be able to lift trade sanctions against Japan by the end of June, the New York Times said. The newspaper, quoting administration officials, said that under...
PHILIPPINES TO GET 300 MLN DLR JAPANESE LOAN	The Philippines has received a 300 mln dlr loan from the Japanese Export-Import Bank, Philippine Finance Minister Jaime Ongpin told Reuters. Ongpin said the loan, carrying interest of 5.5 pct a year, matches a 300 mln dlr economic recovery loan approved by the World Bank in March. Ongpin said Japanese Finance M...	TITLE:PHILIPPINES TO GET 300 MLN DLR JAPANESE LOAN BODY:The Philippines has received a 300 mln dlr loan from the Japanese Export-Import Bank, Philippine Finance Minister Jaime Ongpin told Reuters. Ongpin said the loan, carrying interest of 5.5 pct a year, matches a 300 mln dlr economic recovery loan approved by ...
U.S. TREASURY SECRETARY CANCELS TRIP TO AUSTRALIA	U.S. Treasury Secretary James Baker has cancelled a trip to Australia because of pressing business at home, including the visit this week by Japanese Prime Minister Yasuhiro Nakasone, a Treasury spokesman said. The spokesman, who asked not to be identified, said, "I would not draw any conclusion from the cancellati...	TITLE:U.S. TREASURY SECRETARY CANCELS TRIP TO AUSTRALIA BODY:U.S. Treasury Secretary James Baker has cancelled a trip to Australia because of pressing business at home, including the visit this week by Japanese Prime Minister Yasuhiro Nakasone, a Treasury spokesman said. The spokesman, who asked not to be identi...
STRONG INDONESIAN EARTHQUAKE LEADS TO FLOOD FEARS	Fresh tremors hit the northern area of the Indonesian island of Sumatra after an earthquake measuring 6.6 on the Richter scale yesterday and local officials told Reuters they fear flooding after a dam was cracked. Contacted by telephone, they said the area around the town of Tarutung, south of the city of Medan and...	TITLE:STRONG INDONESIAN EARTHQUAKE LEADS TO FLOOD FEARS BODY:Fresh tremors hit the northern area of the Indonesian island of Sumatra after an earthquake measuring 6.6 on the Richter scale yesterday and local officials told Reuters they fear flooding after a dam was cracked. Contacted by telephone, they said the ...
EGYPT SEEKS ARAB FUNDS TO BUY ITS MILITARY DEBTS	Egypt is trying to persuade Arab states and banks to buy its military debts to the United States and other Western countries so it can repay them on better terms, an Egyptian official said. "We want the Arabs to buy the debt and reschedule it at a more reasonable interest rate of up to seven pct," the official, who...	TITLE:EGYPT SEEKS ARAB FUNDS TO BUY ITS MILITARY DEBTS BODY:Egypt is trying to persuade Arab states and banks to buy its military debts to the United States and other Western countries so it can repay them on better terms, an Egyptian official said. "We want the Arabs to buy the debt and reschedule it at a more ...
FIRE DAMAGES PAKISTAN SUGAR STOCK	A fire damaged a large stock of imported sugar stored in a customs warehouse at Karachi on Saturday night, customs officials said. They said the warehouse contained about 15,000 tonnes of sugar in 150,000 bags but they did not know how much had been destroyed or damaged. They said the cause of the fire was unknown....	TITLE:FIRE DAMAGES PAKISTAN SUGAR STOCK BODY:A fire damaged a large stock of imported sugar stored in a customs warehouse at Karachi on Saturday night, customs officials said. They said the warehouse contained about 15,000 tonnes of sugar in 150,000 bags but they did not know how much had been destroyed or damag...
MALAYSIA MAY CUT BASE LENDING RATE IN JUNE	Malaysia may cut its base lending rate by 0.75 to one percentage point from a current 8.5 pct in June to stimulate economic growth, Finance Minister Daim Zainuddin said. The last cut, of 0.5 pct, was effected by banks and finance companies on April 1 following a Central Bank directive. The lending rate has been...	TITLE:MALAYSIA MAY CUT BASE LENDING RATE IN JUNE BODY:Malaysia may cut its base lending rate by 0.75 to one percentage point from a current 8.5 pct in June to stimulate economic growth, Finance Minister Daim Zainuddin said. The last cut, of 0.5 pct, was effected by banks and finance companies on April 1 followin...
TAIWAN UNEMPLOYMENT FALLS IN MARCH	Taiwan's unemployment rate fell to 2.03 pct of the labour force in March from 2.37 pct in February and 2.79 pct in March 1986, the government statistics department said. A department official said the decline was due to rising employment in the manufacturing sector, including textiles and footwear. The unemploy...	TITLE:TAIWAN UNEMPLOYMENT FALLS IN MARCH BODY:Taiwan's unemployment rate fell to 2.03 pct of the labour force in March from 2.37 pct in February and 2.79 pct in March 1986, the government statistics department said. A department official said the decline was due to rising employment in the manufacturing sector, ...
JAPANESE FIRMS TO SELL AUSTRALIAN GOLD COINS	Three Japanese trading companies and one coin retailer will start selling Australia's Nugget gold coins in Japan from May 12 after actively buying at the first international trading of the coins last Thursday, officials involved in the sale said. They estimated Japanese companies bought 30 pct of 155,000 ounces sol...	TITLE:JAPANESE FIRMS TO SELL AUSTRALIAN GOLD COINS BODY:Three Japanese trading companies and one coin retailer will start selling Australia's Nugget gold coins in Japan from May 12 after actively buying at the first international trading of the coins last Thursday, officials involved in the sale said. They estim...
ALGERIA SIGNS MAJOR LNG DEAL WITH U.S. GROUP	Algeria's national petroleum agency Sonatrach and the U.S. Panhandle-Trunkline <PEL.N> group signed a 20-year accord for the delivery of liquefied natural gas (LNG), the official APS news agency said. Deliveries will start next winter and rise over three years to reach 4.5 billion cubic metres annually, with 60 pct...	TITLE:ALGERIA SIGNS MAJOR LNG DEAL WITH U.S. GROUP BODY:Algeria's national petroleum agency Sonatrach and the U.S. Panhandle-Trunkline <PEL.N> group signed a 20-year accord for the delivery of liquefied natural gas (LNG), the official APS news agency said. Deliveries will start next winter and rise over three ye...
FOREIGN INVESTORS NET SELLERS OF JAPANESE STOCKS	Foreigners were net sellers of Japanese stocks in the week ended April 17 for the seventh consecutive week, the Tokyo Stock Exchange said. Net sales were 112.15 billion yen against 105.80 billion the previous week. Overseas investors sold shares worth 727.08 billion yen on the Tokyo, Osaka and Nagoya Exchanges,...	TITLE:FOREIGN INVESTORS NET SELLERS OF JAPANESE STOCKS BODY:Foreigners were net sellers of Japanese stocks in the week ended April 17 for the seventh consecutive week, the Tokyo Stock Exchange said. Net sales were 112.15 billion yen against 105.80 billion the previous week. Overseas investors sold shares wor...
LATIN AMERICAN, SPANISH BANK GOVERNORS TO MEET	Central bank governors from Spain, Latin America and the Caribbean will meet here this week for two separate conferences on finance and monetary problems, the Central Bank of Barbados said. The 24th session of Central Bank governors of the American continent opens today for two days and the central bank governors o...	TITLE:LATIN AMERICAN, SPANISH BANK GOVERNORS TO MEET BODY:Central bank governors from Spain, Latin America and the Caribbean will meet here this week for two separate conferences on finance and monetary problems, the Central Bank of Barbados said. The 24th session of Central Bank governors of the American contin...
VENEZUELA FINANCE MINISTER TO SEEK JAPANESE CREDIT	Finance minister Manuel Azpurua said he will visit Japan in mid-May to seek new credits for planned expansion in Venezuela's state-owned aluminum, steel and petrochemical industries. Azpurua told reporters he will be accompanied by central bank president Hernan Anzola and director of public finance Jorge Marcano. ...	TITLE:VENEZUELA FINANCE MINISTER TO SEEK JAPANESE CREDIT BODY:Finance minister Manuel Azpurua said he will visit Japan in mid-May to seek new credits for planned expansion in Venezuela's state-owned aluminum, steel and petrochemical industries. Azpurua told reporters he will be accompanied by central bank presid...
JAPAN INDUSTRIAL PRODUCTION RISES IN MARCH	Japan's preliminary industrial production index (base 1980) rose 0.7 pct to a seasonally adjusted 122.8 in March from the previous month, the Ministry of International Trade and Industry said. Production had fallen 0.2 in Feburary from a month earlier. The preliminary, unadjusted March index fell 0.2 pct from a...	TITLE:JAPAN INDUSTRIAL PRODUCTION RISES IN MARCH BODY:Japan's preliminary industrial production index (base 1980) rose 0.7 pct to a seasonally adjusted 122.8 in March from the previous month, the Ministry of International Trade and Industry said. Production had fallen 0.2 in Feburary from a month earlier. Th...
BANK OF JAPAN INTERVENES IN TOKYO	The Bank of Japan intervened in the market, buying a moderate amount of dollars around 137.80-85 yen, dealers said. Some dealers noted talk that the Bundesbank intervened here directly buying dollars against marks, after reports that it intervened through the Bank of Japan in the morning. The dollar moved up on...	TITLE:BANK OF JAPAN INTERVENES IN TOKYO BODY:The Bank of Japan intervened in the market, buying a moderate amount of dollars around 137.80-85 yen, dealers said. Some dealers noted talk that the Bundesbank intervened here directly buying dollars against marks, after reports that it intervened through the Bank of ...
BALDRIGE SAYS FURTHER DOLLAR FALL NOT PRODUCTIVE	The U.S. Secretary of Commerce Malcolm Baldrige said a further decline of the dollar would not be productive. He told reporters here that Treasury Secretary James Baker "feels, and I feel the same way, that a further dollar fall would be counterproductive." Baldrige also said governments cannot determine long-t...	TITLE:BALDRIGE SAYS FURTHER DOLLAR FALL NOT PRODUCTIVE BODY:The U.S. Secretary of Commerce Malcolm Baldrige said a further decline of the dollar would not be productive. He told reporters here that Treasury Secretary James Baker "feels, and I feel the same way, that a further dollar fall would be counterproducti...
C. ITOH TO BUY CRAY SUPERCOMPUTER	C. Itoh and Co Ltd <CITT.T> said in a statement it has agreed in principle to buy a Cray Research Inc <CYR> X-MP supercomputer worth 8.3 mln dlrs. The computer will be paid for and used by the Century Research Center (CRC), a research body specialising in civil engineering, in which C. Itoh has a 36.2 pct stake, a ...	TITLE:C. ITOH TO BUY CRAY SUPERCOMPUTER BODY:C. Itoh and Co Ltd <CITT.T> said in a statement it has agreed in principle to buy a Cray Research Inc <CYR> X-MP supercomputer worth 8.3 mln dlrs. The computer will be paid for and used by the Century Research Center (CRC), a research body specialising in civil engine...
CHINA CALLS FOR CAUTION ON NEW CREDIT INSTRUMENTS	A Chinese newspaper said the country must be careful about introducing credit instruments to avoid the risk of an uncontrolled credit expansion. It said: "The introduction of credit, while undoubtedly facilitating business, could result in unhealthy expansion of the volume of money in circulation..." adding that th...	TITLE:CHINA CALLS FOR CAUTION ON NEW CREDIT INSTRUMENTS BODY:A Chinese newspaper said the country must be careful about introducing credit instruments to avoid the risk of an uncontrolled credit expansion. It said: "The introduction of credit, while undoubtedly facilitating business, could result in unhealthy ex...
INDIAN BORROWING FROM ADB SEEN RISING	India, which received its first loans from the Asian Development Bank (ADB) in 1986, expects to increase borrowing this year, an Indian official said. The official, a member of the Indian delegation at the ADB's annual meeting here, told Reuters the bank is likely to approve three loans totalling between 350 and 40...	TITLE:INDIAN BORROWING FROM ADB SEEN RISING BODY:India, which received its first loans from the Asian Development Bank (ADB) in 1986, expects to increase borrowing this year, an Indian official said. The official, a member of the Indian delegation at the ADB's annual meeting here, told Reuters the bank is likely...
TAIWAN ACCUSES CHINA OF UNDERMINING ITS ADB STATUS	Taiwan accused China of trying to downgrade its international status by forcing the Asian Development Bank (ADB) to change its name in the organisation. Taiwan is boycotting the annual meeting of the ADB, which opened in Tokyo today, in protest at the Bank's decision to change its name to "Taipei, China" from "Repu...	TITLE:TAIWAN ACCUSES CHINA OF UNDERMINING ITS ADB STATUS BODY:Taiwan accused China of trying to downgrade its international status by forcing the Asian Development Bank (ADB) to change its name in the organisation. Taiwan is boycotting the annual meeting of the ADB, which opened in Tokyo today, in protest at the...
U.S. CONSIDERING OIL INDUSTRY TAX INCENTIVES	The Reagan Administration is considering tax incentives to boost oil output and restore 100,000 jobs, U.S. Energy Secretary John Herrington said. A tax credit for new exploration would be part of a package to bring 1,000 idle drilling rigs back into operation and raise domestic production by one mln barrels a day, ...	TITLE:U.S. CONSIDERING OIL INDUSTRY TAX INCENTIVES BODY:The Reagan Administration is considering tax incentives to boost oil output and restore 100,000 jobs, U.S. Energy Secretary John Herrington said. A tax credit for new exploration would be part of a package to bring 1,000 idle drilling rigs back into operati...
BANGLADESH PAYMENTS DEFICIT NARROWS IN NOVEMBER	Bangladesh's overall balance of payments deficit narrowed to 3.03 mln U.S. Dlrs in November from 8.3 mln in October and 22.63 mln in November 1985, Central Bank officials said. The current account deficit increased to 28.68 mln dlrs in November against 10.69 mln in October and 55.19 mln in November 1985. The tr...	TITLE:BANGLADESH PAYMENTS DEFICIT NARROWS IN NOVEMBER BODY:Bangladesh's overall balance of payments deficit narrowed to 3.03 mln U.S. Dlrs in November from 8.3 mln in October and 22.63 mln in November 1985, Central Bank officials said. The current account deficit increased to 28.68 mln dlrs in November against 1...
WORLD MARCH ZINC SMELTER STOCKS FALL 31,800 TONNES	Total world closing stocks of primary zinc at smelters, excluding Eastern Bloc countries, fell 31,800 tonnes to 432,800 tonnes in March from a corrected February figure of 464,600 tonnes, provisional European Zinc Institute figures show. This compares with 403,300 tonnes in March last year. Total European stock...	TITLE:WORLD MARCH ZINC SMELTER STOCKS FALL 31,800 TONNES BODY:Total world closing stocks of primary zinc at smelters, excluding Eastern Bloc countries, fell 31,800 tonnes to 432,800 tonnes in March from a corrected February figure of 464,600 tonnes, provisional European Zinc Institute figures show. This compares...
VENEZUELA PREPARING NEW WAGE, INFLATION PLAN	President Jaime Lusinchi is preparing an economic package in response to demands from organised labour in Venezuela for a general wage increase and controls on inflation, the state news agency Venpres reported. Venpres said the plan includes pay hikes and a "strategy against indiscriminate increases in prices or sp...	TITLE:VENEZUELA PREPARING NEW WAGE, INFLATION PLAN BODY:President Jaime Lusinchi is preparing an economic package in response to demands from organised labour in Venezuela for a general wage increase and controls on inflation, the state news agency Venpres reported. Venpres said the plan includes pay hikes and a...
MIYAZAWA DOES NOT THINK DOLLAR IN FREEFALL	Japanese Finance Minister Kiichi Miyazawa told a parliamentary Upper House budget committee that he does not think the dollar is in a freefall. He said concerted intervention is only a supplementary measure to moderate volatility in exchange rates and repeated that policy coordination among major industrial nations...	TITLE:MIYAZAWA DOES NOT THINK DOLLAR IN FREEFALL BODY:Japanese Finance Minister Kiichi Miyazawa told a parliamentary Upper House budget committee that he does not think the dollar is in a freefall. He said concerted intervention is only a supplementary measure to moderate volatility in exchange rates and repeate...