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Forex news - recent top stories



15:03,  12 July 2007
US May trade deficit up 2.3 pct to 60.0 bln usd as expected 
WASHINGTON (Thomson Financial) - The US trade deficit rose 2.3 pct in May to 60.0 bln usd as Americans imported more and more expensive oil and other commodities.Economists were looking for a 60.0 bln usd deficit, expecting imports to recover from their April slide.

12:49,  12 July 2007
Forex - Euro at all-time high against dollar following strong GDP data 
LONDON (Thomson Financial) - The euro continued to post fresh all-time highs against the dollar, supported by an unexpected upward revision to first quarter GDP growth and robust industrial production figures.

09:45,  12 July 2007
Forex - Euro at fresh all-time high against dollar after hawkish ECB bulletin 
LONDON (Thomson Financial) - The euro climbed to a fresh all-time high against the dollar after a hawkish European Central Bank monthly bulletin, amid ongoing concern about the US sub-prime mortgage market.


See also:       

• United States 
• Korea(North) 

• USA & Canada 
• Asia 

• Government 
• General news 

16:18, Tuesday, 06 March 2007

US demands North Korea 'come clean' about uranium program


NEW YORK (AFX) - The United States has demanded that North Korea come clean about its highly enriched uranium program, despite indications that US intelligence overstated Pyongyang's efforts to pursue such a program.

"They need to come clean on it, explain what they have been doing, why they have been doing it, and ultimately they need to abandon it," US Assistant Secretary of State Christopher Hill said.

Hill also said North Korea had reportedly made "massive purchases of expensive equipment" to drive the highly enriched uranium program.

"I think we are owed a pretty clear answer why all these purchases were made and how far they have gotten into the process," Hill said at a Japan Society forum in New York on the sidelines of negotiations aimed at normalizing US-North Korean diplomatic relations after Pyongyang agreed to freeze a key nuclear facility in return for largely energy aid.

Hill met with his North Korean counterpart Kim Kye-gwan on Monday before hosting his visitor to dinner at New York's grand Waldorf Astoria Hotel. The two were to resume talks today.

It was the highest level meeting held in the United States between the two nuclear rivals since October 2000.

Hill said yesterday's meeting was aimed at setting the pace for bilateral relations, including North Korea's possible removal from a US list of state terrorism sponsors.

"These were some preliminary discussions," Hill told reporters after the four-hour talks.

The bilateral talks meet a long-standing condition set by North Korea for abandoning its nuclear ambitions, and are aimed at smoothing implementation of a landmark agreement reached with Pyongyang on February 13.

Under the accord, North Korea agreed to close and seal its Yongbyon nuclear facility -- long suspected to be the centre of its nuclear program -- within 60 days and admit UN nuclear inspectors in return for 50,000 tonnes of heavy fuel oil.

The talks also coincide with a burgeoning controversy in Washington over the reliability of US intelligence on North Korea and whether Washington overstated Pyongyang's efforts to enrich uranium in 2002.

US intelligence officials defended their work over the weekend but said that while they had high confidence Pyongyang tried to enrich uranium in 2002, they had only moderate confidence it was still pursuing the goal.

newsdesk@afxnews.com

jag


 

Forex news - 06 March 2007
16:26 Deadline nears for unclaimed '03 refunds
16:26 Govt. seeking better nuclear detectors
16:22 US public increasingly pessimistic about victory in Iraq - poll
16:22 Calif. wants fed declaration for freeze
16:21 Premera ends effort to go public
16:20 AFX TOP STORIES Europe 1605 GMT
16:20 AFX TOP STORIES Global 1605 GMT
16:19 Group warns of gas-pump price problems
16:18 US demands North Korea 'come clean' about uranium program
16:14 UK'S Alexander says EU/US open skies deal 'falls short' on access to US UPDATE
15:55 Latvia govt approves plan for curbing inflation, sees budget surplus by 2009
16:22 Senate debates airport screeners' union
16:48 Italy govt 'neutral' on Enel-Endesa - Padoa-Schioppa UPDATE
15:45 AFX TOP STORIES Macroeconomics 15:30 GMT
15:42 Slovakia Q4 2006 unemployment rate falls 3.3 pct points to 12 pct
15:32 IMF says Romania's euro adoption timetable should not slow down reforms
15:27 EU and US launch talks to step up auditor surveillance cooperation
15:16 US January factory orders down 5.6 pct, largest fall in more than six years
14:51 France's Louvre branching to Abu Dhabi



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