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. Last Updated: 07/27/2016

03/11/2004

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Press Review

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

Investors Wary of IMF Deal

Argentine bondholders, including a group representing 7,000 investors, said they are concerned an accord between the government and the International Monetary Fund won't encourage the nation to restructure $99.4 billion of debt.

Memo: Shell Officials Hid Shortfalls

The new head of the Royal Dutch/Shell Group and its current chief financial officer, as well as the chairman ousted last week, were advised of huge shortfalls in proven oil and natural gas reserves in 2002, two years before they were publicly disclosed, according to company memorandums and notes of executive discussions.

South Korea to Rescue Delinquent Debtors

South Korea said it will bail out at least 400,000 individuals who can't pay their debts to try and boost an economic growth rate that fell by half last year to about 3 percent.

EU Rejects Plan to Fly U.S. Skies

The European Union said a U.S. offer to open up the $18 billion trans-Atlantic airline market was inadequate and pledged to seek a broader accord.

Botched Istanbul Suicide Attack Kills 2

A suicide bomber who killed one other person in an attack on an Istanbul freemasons' building botched the job, Turkish media reported Wednesday.

Planner in Cruise Ship Hijack Dies

Mohammed Abbas, the Palestinian mastermind of the Achille Lauro cruise ship hijacking in 1985, has died of natural causes in U.S. custody in Iraq, U.S. and Palestinian officials said Tuesday.

Africa 'Mercenaries' Face Death

Zimbabwe on Wednesday threatened to execute a band of ""foreign mercenaries"" detained in Harare and Equatorial Guinea, accusing them of being part of a plot funded by ""enemy powers"" and multinational corporations.

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