Clinton welcomes Vajpayee-Sharif border summit
President Clinton has welcomed the successful summit last weekend between Prime Minister Vajpayee and Prime Minister Nawaz Sharif and offered to continue working with the two countries to promote progress in the region.

US aborts satellite sales to Beijing
In a severe setback to the `strategic relationship' President Clinton has sought with China, US rejected proposed sale of a satellite to China due to national security concerns, The Wall Street Journal said today.

Simex unveils Libor-based euro-yen futures contract
The Singapore International Monetary Exchange (SIMEX) on Monday launched a new euroyen futures contract based on London-quoted interest rates to meet demand from non-Japanese institutions with yen exposure.

  Kosovo parleys to continue
  Anti-poll stir paralyses Bangla cities
  Nadeem extradition trial begins
  At a glance
  RWE confident of lifting profits by 10% this year
  GM completes process to line up steel, which may pressure firms to cut costs
  NatWest Bank sees 34% rise in profit
  Levi Strauss to close half of its plants in North America
  HypoVereinsbank net doubles
  Kvaerner slumps into loss
  Microsoft official testifies he didn't see Netscape as serious competitor
  Asian bourses end higher on Wall Street jump
  Russia to stop steel exports to US
  Hong Kong Bank of Australia 1998 profit rises 4%
  RWE confident of lifting profits by 10% this year
  GM completes process to line up steel, which may pressure firms to cut costs
  NatWest Bank sees 34% rise in profit
  Levi Strauss to close half of its plants in North America
  HypoVereinsbank net doubles
  Kvaerner slumps into loss
  Microsoft official testifies he didn't see Netscape as serious competitor
  Japan extends help to beef up local silk yield
  Economic forecasters slash estimates of U.S slowdown
  Profit-padding won't do, Taiwan bank needs reform to proser, says Moody's
  New Zealand plans to link farm, industry
  New Zealand wants to link farm, industry at WTO
  Russia to stop steel exports to US
  Minister sees birth of single Asian currency
  Simex launches new LIBOR-based euroyen contract
  Asian bourses end higher on Wall Street jump