Currency crisis clouds Pacific Rim summit talks
At the APEC gathering in Vancouver the looming currency crisis threatens markets and Asia’s recovery while leaders pledge to keep trade liberalization on track despite the turmoil.
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Nov 21, 1997
Page
2
At the APEC gathering in Vancouver the looming currency crisis threatens markets and Asia’s recovery while leaders pledge to keep trade liberalization on track despite the turmoil.
Queen Elizabeth II capped her golden anniversary with a Windsor Castle ball attended by European royals and friends after a day of public outreach. At a lunch with Tony Blair, she pledged to heed public opinion, while Prince Philip praised their partnership and strength.
Seoul indicated readiness to seek IMF help then delayed. Finance minister Lim Chang-yuel denied reports of an imminent loan, saying a decision would come in two or three days. Analysts doubted Japan aid, while officials cited concerns over a potential 60 billion dollar IMF package and aimed for a smaller loan with reform measures to bolster the currency and markets.
U N weapons monitors returned to Baghdad to resume inspections after a three week stand off with Iraq raising the risk of a military clash with the United States. The inspectors flown from Bahrain plan to search for stockpiles of VX nerve gas and mustard gas as Maj. Gen. Nils Carlstrom leads the mission.
DES MOINES IOWA The septuplets show healthy pink color and growing features though remain under careful watch. Neonatal nurse Julie Oliver notes varying fat cheeks and thighs while doctors monitor progress. Father Kenny McCaughey expresses cautious pride as babies stay on breathers and monitors for now.
National roundups report GOP governors and leaders pledging to push local control of schools and streamlined federal job training. Branstad voices more latitude for regulations while Gingrich backs block grants. the piece also covers a Teamsters election delay and Microsoft antitrust evidence. Cadillac to build sport utility vehicle signals GM’s upscale SUV push with the Cadillac SUV planned for next fall.
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