China to launch OTC transactions Wed. in inter-bank forex market
January 3, 2006The People's Bank of China announced Tuesday that China will introduce over-the-counter transactions in the inter-bank foreign exchange market effective Wednesday. The bank said on its website that OTC transactions will be allowed to be carried out through independent bilateral price inquiry and bilateral settlements based on bilateral credit authorization. ==Kyodo
N. Korea again links resumption of 6-party talks to U.S. sanctions
January 3, 2006North Korea on Tuesday reiterated its call on the United States to lift sanctions if it wants to see a resumption of stalled six-party talks on the North's nuclear weapons ambitions. ''The U.S. should, first of all, lift its sanctions against the DPRK, the main factor of scuttling the talks, before talking about the resumption of the talks,'' the official Rodong Sinmun daily said in a commentary carried by the Korean Central News Agency, monitored in Tokyo.