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Tuesday, June 2, 1998

Pak failed to sell story on Indo-Israel N-deal
Underneath the animated babble about an apocalyptic end to one-fifth of humanity in South Asia in a nuclear conflagration reverberates feverish stories about Jewish conspiracies and Islamic bombs. Do India and Israel have hush-hush nuclear ties? Will Pakistan sell its bomb technology to Islamic countries for big bucks? Will the Gulf nations bankroll Islamabad if the sanctions render it a basket case? The India-Israel nuclear kinship story was first floated in the Pakistani media and has since gathered momentum with some Arab publications taking note of it.

US administration defends Clinton's planned China visit
Administration officials defended US President Bill Clinton's planned trip to China this month, which is under fire from Republicans because of suspected improper technology transfers and other allegations.

Hashimoto loses majority in house
Japan's four-year ruling coalition broke up yesterday when two allied parties cut ties with Prime Minister Ryutaro Hashimoto's Liberal Democratic Party (LDP). The break-up leaves the LDP without a majority in the upper house, but it retained its dominance in the more powerful lower house.


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  "No ground for US mediation"
  World Vignettes
  Cosmonauts replace Mir's failed computer
  Global partners back delay in international space station
  Car owners plan bid for Rolls-Royce Motor
  "Singapore economy still growing despite crisis"
  Bell NEC to forgo Microsoft Internet link
  Hard landing for Asia as growth shrinks
  Looters nibble at Indonesia's coffee crop
  World Briefs
  Shell reopens talks with National Iranian Oil Company
  Nikko, Salomon Smith Barney in alliance talks
  Sony to acquire 6.7% stake in Justsystem
  Japan grain imports may slow down
  Second board to bring new life to Hong Kong IPOs
  Survival, the game at Malaysian hotels
  Indonesia central bank tries to block banks' interest-rate war
  `Singapore not to record negative growth'
  Thailand inflation no cause for worry, say experts
  Malaysia sticks to 2.5% growth forecast for 1998
  Bosnia bank reforms in race against time

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