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World	Sports	Leisure	States

Thursday, May 28, 1998

	US blows the whistle on Pak tests With an eagerness and alacrity not normally associated with spookdom, US intelligence officials on Tuesday repeatedly blew the whistle on Pakistan's `imminent' nuclear tests enlisting the media to drum up a warning. US intelligence sources are saying that Pakistan is now ready to conduct nuclear tests any time it wants.		"Pak may have nukes based on Chinese design" Pakistan may have foregone a retaliatory atomic test in response to the Indian explosions because it may have a "nuclear arsenal which works" based on a Chinese design handed over to it in the 80s, says the Jane's Intelligence weekly. In its latest edition, the weekly said the reason for what it called "China's extra-ordinary generosity" might have been Pakistani nuclear scientists sharing secrets of processes to enrich uranium to weapons grade using high-speed centrifuges.
	Deals with Pak are off, Kremlin tells weapon-producing units In a bid to prevent proliferation of weapons of mass destruction, Kremlin has banned several countries including Pakistan from entering into any deals with Russian companies manufacturing lethal arms. Besides Pakistan, the list also includes Iran and North Korea. However, the nature and extent of trade being conducted by firms from these countries was not specified.		Weak yen trend unnerves Asian financial markets Asian markets took fright on Wednesday after the weak trend of the yen and a hefty 150-point fall on Wall Street overnight compounded a series of domestic woes. The dollar had, however, lost some ground against the yen by Tokyo midday after the topside was capped near seven-year lows above 138 yen overnight.

Vietnam may lift freeze on rice exports
Vietnam, the world's second-largest rice exporter is expected soon to allow two rice companies to resume new rice export sales, following a temporary freeze on new export contracts announced in mid-April. Vietnam Southern Food Corp. and Angiang Food Company (Angifood) possibly will be allowed to resume exports in a few days' time, rice trade sources in Ho Chi Minh City said on Wednesday.

Malaysia firm unveils Net security system
Malaysian executive Jerry Wu says he has devised an Internet security system that is far better than what his US competitors are offering to the world and has tremendous market potential. Wu, chief executive of Lester Technology Group Sdn Bhd, is talking about encryption, the technology that jumbles E-mail and other computer-based communication into unidentifiable language which can be decrypted only by authorised users.

Curbs will fail if others don't join US
Netanyahu met Palestinian Speaker, reports Israel radio
British war veterans boo Akihito
World Vignettes
Brazil's steel units prepare for new phase
Japan traders see further losses for LME metals
Australia coal miners score an ominous victory over trade unions' might
NYSE-Nasdaq duel over desi software firms