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World	Sports	Leisure	States

Friday, May 15, 1998

	US Senators seek capping of Indian N-plan Powerful US Senators called for not only freezing, but capping and rolling back India's nuclear program. But in a significant stand, senior Clinton administration officials said it was not a feasible proposition and "in the near term what is achievable is to ban all nuclear testing and ban additional production of unsafeguarded fissile material that can be used to make bombs".		Be good and F-16s may just fly in, Pak told Pakistan can reap a bonanza in the form of resumed arms supply from the United States -- including return of its 28 sequestered F-16 planes -- if it agrees not to proceed with nuclear testing in retaliation for the Indian tests. The proposal to repeal the so-called Pressler Amendment was first floated in Congress today by former CIA director James Woolsley.
	India may feel the pinch of American sanctions Punitive US economic sanctions halting millions of dollars of American aid and loan guarantees to India kicked in within hours of President Clinton issuing a Presidential determination following India's nuclear tests. Alternately angry and disappointed by a country he genuinely liked, Clinton signed the papers on board the presidential plane Air Force One shortly before it touched down in Germany.		Microsoft faces major antitrust cases Federal and state regulators plan to launch one of the biggest ever US antitrust cases, accusing Microsoft Corp of abusing its power and driving competitors from the lucrative software market. Attorney general Janet Reno, assistant attorney general Joel Klein and a few state attorneys general from the 19 or more states involved plan to unveil their case against Microsoft at a midday news conference.

Oracle sees slower south Asia growth
US-based software company Oracle Corp expects a slower rate of growth in its South Asia region during its next fiscal year starting in June. Oracle's performance in the region, which covers the Indian subcontinent and south-east Asia, is said to be underpinned by its businesses in Singapore and India.

Duke plans big move into Australia
Duke Energy Corp plans to invest hundreds of millions of dollars to build an Australian gas and power business over the next few years. The US energy company has been eyeing moves into Australia for the last five years and now plans to dive in, buying gas assets, linking them to power generation, and becoming an active gas and electricity trader as it is in the United States.

CTBT now "irrelevant", says Pak
World Vignettes
Suharto offers to resign as protest rages on
Virility drug Viagra can harm eyes
Senators seek N-plan capping
Disarmament meet indulges in India-bashing
Anand maintains lead
Alfred McAlpine bags projects worth Pound 100 million
Tokyo palladium surges, lease rates jump
Indonesian palmolein trade at a standstill as fresh riots erupt
Transport of oils disrupted
Singapore gas-oil swaps plunge 50 cents as sellers lose confidence
Global demand for palladium likely to grow
Dow Jones posts anew high at 9,211
Air China hails global ties in cargo operations
Daimler-Benz to take over Nissan Diesel
Mastercard's new plastic card in India soon
World Briefing
US might have shown India how to fool CIA