By EDITH M. LEDERER
Associated Press October 14, 2006 UNITED NATIONS - The U.N. Security Council voted unanimously on Saturday to impose punishing sanctions on North Korea including ship searches for banned weapons, calling Pyongyang's claimed nuclear test "a clear threat to international peace and security."
North Korea immediately rejected the resolution, and its U.N. ambassador walked out of the council chamber after accusing its members of a "gangster-like" action which neglects the nuclear threat posed by the United States. |
AFP
Sun Oct 15, 2006 WASHINGTON - The United States played down signs of disagreement among world powers over how UN sanctions should be enforced against North Korea over its declared nuclear test.
A day after the UN Security Council voted unanimously to slap weapons and financial sanctions against North Korea, questions loomed about whether the measures would be fully enforced amid reservations from China. |
Spacewar.com
16 October 2006 China erected a barbed-wire fence along part of its border with North Korea shortly after the communist country conducted its first nuclear test a week ago, a South Korean newspaper said Monday.
The aim was to prevent an exodus of refugees from the isolated state, the Hankyoreh quoted a resident as saying. Comment: An exodus in the event of a major attack on N. Korea by the US perhaps?
|
Timesonline.co.uk
14 October 2006 CHINA's booming export trade is set to push its foreign exchange reserves, the world's largest, over the $1 trillion (£539 billion) mark before the end of the year, new official data indicated yesterday.
Quarterly figures from the People's Bank of China, the country's central bank, reported that its foreign exchange stockpile reached a huge $987 billion at the end of September. The news suggested that the reserves will exceed $1 trillion in as little as a month. The currency reserves have piled up at breakneck pace because of China's buoyant trading performance and its persistent intervention on foreign exchanges to restrain the value of its yuan currency. Beijing's vast purchases of dollars to curb any rise in the yuan have built up steadily. US Treasury bonds make up an estimated three quarters of the reserves. |
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