Ecuador default shocks nation amid debt crisis
Ecuadorian voters split over President Jamil Mahuad's decision to default on Brady bonds after missing a $44.5 million interest payment. Experts warn creditors may seize assets including planes and oil tankers. authorities pursue IMF talks while Congress debates tax and banking reforms.
MENTIONED IN THIS ARTICLE
Vito
Ecuador
Jamil Mahuad
Luis Davila
Davila
Avenida Amazonas
Quito
Mahuad
Washington
Timothy Geithner
U.S. Treasury Department
Treasury
Nicholas Brady
Alfredo Arizaga
Arizaga
Venezuela
Mexico
Brazil
International Monetary Fund
Congress
Mahitad
Harvard
Mauricio Torres Toro
London Train Crash Toll Rises as Relatives Wait
Police described unanswered mobile rings among wreckage while a priest spoke of mourning with no bodies. Thirty-three dead, feared to rise above 70, and at least 150 injured. Survivors to visit scene. memorials in Reading. Deputy PM Prescott vows tighter railway safety with a billion pounds.
MENTIONED IN THIS ARTICLE
ONDON
Transport
Derek Worsfold
Reading
London
St. Mary’s Church
Con
Hindu nationalists win India's parliamentary elections
A 22 party alliance led by Hindu nationalists won 536 seats with 286 for Vajpayee’s bloc, while Congress and allies trailed with 129 and 113, heralding a potentially stable five year government. Markets reacted as Moody’s upgraded India to positive, signaling economic reform. Vajpayee to seek presidential assent to form government.
MENTIONED IN THIS ARTICLE
Delhi
India
Atal Bihari Vajpayee
Congress Party
Congress
Sonia Gandhi
Stock Exchange
Vajpayee
Bombay
Moody's Investor Service
Pakistan
Kashmir
Sudhir Jalan
Federation of Indian Chambers of Commerce and Industry
Jairam Ramesh
Japanese to close reactor over spent fuel storage crisis
Tokyo reports a possible shutdown of the Fugen thermal reactor in Tsuruga as no storage space remains for spent fuel after last week’s Tokaimura accident. The plant had planned a mid January shutdown to remove fuel, but limited storage and uncertain reprocessing facilities threaten restart. Greenpeace questions exposure figures amid ongoing investigations into safety lapses at JCO.
MENTIONED IN THIS ARTICLE
Tokyo
Tsuruga
Tokaimura
Cial
Japan Nuclear Cycle Development Institute
Hitoshi Haniya
JCO Co
Greenpeace
Russians halt advance into Chechnya near Terek River
Russian ground forces halted their push into Chechnya along the Terek River as Chechen commanders mobilized volunteers in Grozny. Sporadic air raids and shelling continued with no heavy fighting in 24 hours. Chechen authorities alleged a refugee bus was hit killing about 40. Russian officials denied the claim.
MENTIONED IN THIS ARTICLE
Rozny
Russia
Chechnya
Grozny
Col
Elbiev
Igor Sergeyev
Terek
Associated Press
Sergeyev
Also Mentioned on This Page
Railtrack
Tony Thompson
British Transport Police
John Prescott
Britain
Thomas
Bedwyn
Great Western
Popnaa
Macdenew i Pan Eds Cshetimon Batesek
Hes Bocy
Grou Station
Ple
Bharatiya Janata Party
Ottawa
Wayne
Jacki Aden
Sand Creek
Mwas Lee
rExpres
Erchage
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