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. Last Updated: 07/27/2016

11/18/2004

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Press Review

A brief look at the stories making headlines in the Russian-language press

Goodwill and Gunfire in Kashmir

Indian Prime Minister Manmohan Singh offered Wednesday to hold unconditional talks on Kashmir ""with anyone and everyone,"" as India began withdrawing troops in the insurgency-wracked region as a goodwill gesture to rival Pakistan.

Fallujah Fails to Deter Insurgents

American mortars pummeled parts of Fallujah on Wednesday as troops hunted for guerrillas still fighting in the Iraqi city after nine days of bombardment.

U.S. House Targets BNP Bank

A U.S. House committee and an independent United Nations panel exploring fraud and abuse in the oil-for-food program are focusing on the role of BNP Paribas, a French bank that managed billions of dollars in Iraqi oil revenue for the program, according to investigators.

Iranian Group Says That Secrets Remain

Iran bought blueprints of a nuclear bomb from the same black-market network that gave Libya such diagrams, and continues to enrich uranium despite a commitment to suspend the technology that can be used for atomic weapons, an Iranian opposition group said Wednesday.

Rice's Successor a Company Man

Perhaps the lowest moment for Stephen Hadley in the first administration of U.S. President George W. Bush came in July last year when he publicly took the blame for including in the president's State of the Union address a discredited intelligence report that said Iraq had sought uranium from Africa.

Dollar Hits All-Time Low, U.S. Targets Deficit

The dollar dropped to a new all-time low against the euro Wednesday as the European currency rose to $1.3047 amid deep skepticism over Washington's commitment to a ""strong dollar"" policy.

U.S. Producer Prices Post Biggest Gain Since '90

U.S. producer prices shot up 1.7 percent last month, the biggest gain in nearly 15 years and well above expectations, as energy costs skyrocketed and food prices surged, a government report showed Tuesday.

Sears, Kmart Seal $11Bln Merger

U.S. department store operator Sears, Roebuck & Co. and discount retailer Kmart Holding Corp. on Wednesday said they would merge in an $11 billion deal to form the third-largest U.S. retailer.

EU Mulls Giving Greece a Deficit Breather

The European Union will consider giving Greece until the end of 2006 to cut its budget deficit to below 3 percent of gross domestic product, Greek Finance Minister Giorgos Alogoskoufis said Wednesday.

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