N.Korean Macau fund transfer to begin Thurs: Kyodo
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The transfer of North Korean funds that have been frozen in a Macau bank is to begin on Thursday, Japan's Kyodo news agency said, possibly breaking a deadlock that has stalled a nuclear disarmament deal with Pyongyang.
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By Kyodo News International, Tokyo  Feb. 16--TOKYO -- Sapporo Holdings Ltd.
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South Korea's defense minister said on Saturday he expects North Korea to begin to close its nuclear reactor, the source of its weapons-grade plutonium, once $25 million in frozen funds in a Macau bank are freed up.
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Russia expects to complete the transfer of $25 million in unfrozen North Korean funds on Monday, Interfax news agency quoted a Russian government source as saying on Friday.
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The chief U.S. negotiator on North Korea's nuclear program will meet his Chinese counterpart on Wednesday to try, once again, to resolve the issue of North Korean funds languishing in a Macau bank account.
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The transfer of North Korean funds in a Macau bank, whose delay has stalled a nuclear disarmament deal, should be completed this week, Yonhap news agency on Wednesday quoted a senior South Korean official as saying.
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Washington expects North Korea will meet a commitment to shut down its nuclear facilities this month after it has received funds still frozen in a Macau bank, U.S. envoy Christopher Hill said on Friday.
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A complex series of negotiations, spurred by the Treasury Department, results in $25 million being transferred to North Korea from a small bank in Macao.
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A financial dispute that has held up North Korea's pledge to shut down its nuclear reactor could be nearing a breakthrough amid a news report that the long-awaited transfer of frozen North Korean funds will start Thursday.
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Aug. 27, 2004 - NAIROBI, Kenya Urgent investment is needed in North Korea to deal with severe environmental problems that have depleted the country&#39;s forests, contaminated water supplies and polluted the
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Hanjin Shipping Co. has been approached by US private equity fund Carlyle Group LP to acquire some of the South Korean company&#39;s transport and logistics assets, Hanjin officials said.
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BEIJING, June 25 -- North Korea announced Monday that a prolonged dispute over $25 million frozen in Macau bank accounts has finally been resolved, opening the way for closure of its main nuclear reactor.
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LONDON, December 6  - The South Korean memory chipmaker, Samsung Electronics Company (SSUN.FSE), said today that it intends to invest approximately 25 trillion won ($24 billion; Â£12.36 billion) in building new chip production lines in
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Russia expects the transfer of $25 million in unfrozen North Korean funds to be completed on Monday, Russian news agencies quoted a Russian government source as saying on Friday.
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China Investment Corp., the nation's huge sovereign wealth fund seen as a tool to project Beijing's economic clout, was invited Friday by Britain's prime minister to set up its first overseas office.
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North Korea said on Monday it would start implementing a nuclear disarmament deal struck in February and awaits a visit by U.N. inspectors now that a dispute over its funds frozen at a Macau bank had been resolved.
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South Korea's National Pension Service is interested in buying a 51 percent stake in Korea Exchange Bank (KEB) from U.S. investment firm Lone Star, the fund's chief investment officer told Reuters on Tuesday.