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29th of May 1995 News
Ειδήσεις όπως εμφανίστηκαν στην πρώτη σελίδα των New York Times στο 29 Μαΐου 1995
Britain Weighs Rules That Would Rein In Murdoch
Date: 29 May 1995
By Richard W. Stevenson
Richard Stevenson
The document issued by the British Government last week revising the rules for control of newspapers, television and radio was given a dutiful bureaucratic title: "Media Ownership: The Government's Proposals." It might as well have been titled "What to Do About Rupert." The document, should its proposals become law, would have sweeping effects on the development of the British publishing and broadcasting industries. But it would affect Rupert Murdoch, who dominates the newspaper business here and is rapidly becoming a force in television, more than anyone else.
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A Compromise Bid on Kashmir
Date: 29 May 1995
India's Prime Minister, P. V. Narasimha Rao, is exploring the idea of offering the troubled state of Kashmir a form of political autonomy. That could help resolve a sectarian conflict that has cost at least 20,000 lives since 1990. In another welcome move, Mr. Rao let a broad anti-terrorism law expire last week. More than 65,000 people, including Government critics and journalists, had been rounded up under the law since its enactment a decade ago. India and Pakistan have quarreled bitterly over Kashmir since the maharajah of the Muslim-majority state invited the Indian Army to suppress a Pakistani-supported revolt in 1947. A series of wars has left Kashmir partitioned between the two rivals. New Delhi now regards its portion as an integral part of India, but local Muslim separatists have repeatedly rebelled, with active Pakistani support. Kashmir has been under direct rule from New Delhi since 1990, when the most recent uprising began.
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Banco Bilbao In Mexico Deal
Date: 30 May 1995
By Bloomberg News
Bloomberg News
Banco Bilbao Vizcaya , one of Spain's largest banks, has bought 70 percent of Mexico's Grupo Financiero Probursa S.A. for 1 billion pesos, about $162 million, and $180 million in dollar-denominated debt, Ministry of Finance officials said today. Probursa will become a subsidiary of Banco Bilbao, the first Mexican financial company to be acquired by a foreign company since Mexican laws on foreign ownership of financial companies were changed in February.
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Virgin Air to Raise Agents' Commissions
Date: 30 May 1995
By Bloomberg News
Bloomberg News
Virgin Atlantic Airways said last week that it would give travel agents 15 percent commissions on economy-priced flights from Boston, Milwaukee and Newark to London and on connecting flights to Athens. The move by Virgin, the British carrier that is part of Richard Branson's Voyager Group, is good through Sept. 30 and undermines the efforts of big airlines in the United States to cap commissions.
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Labatt Shareholders Urged to Reject Onex
Date: 30 May 1995
By Bloomberg News
Bloomberg News
The board of John Labatt Ltd. echoed management's previous rejection of a hostile takeover bid by the Onex Corporation, telling shareholders today not to tender their stock to Onex. Labatt's board, which includes the company's president, George Taylor and the leading Canadian business executives Peter Bronfman and J. Trevor Eyton, said the joint bid of $2.3 billion, or $1.69 billion (United States), by Onex and the Argentine brewer Quilmes Industrial S.A. was "inadequate and not in the best interests of shareholders."
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5 Bidders for Belgian Mobile Phone System
Date: 29 May 1995
By Bloomberg News
Bloomberg News
Belgium will consider bids from five groups of companies to operate the nation's second mobile-phone network as part of a wider plan to inject competition into its telecommunications industry. Two front-runners have emerged before the Monday deadline for bids, analysts said. Voditel, a group headed by the Belgian utility Tractebel S.A. and the British mobile-phone operator Vodafone Group P.L.C., is one favored group, and another is Mobilis, headed by the Belgian entrepreneur Andre Leysen and BellSouth of the United States.
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Japan's Central Bank Intervenes to Support Dollar
Date: 30 May 1995
By Bloomberg News
Bloomberg News
Japan's central bank intervened in the currency market again early today to keep the dollar from falling against the Japanese yen. Japanese stocks, meanwhile, rose today in early trading. The Nikkei index of 225 issues ended the morning trading session up 189.74 points, or 1.2 percent, at 15,763.77. Yesterday, the Nikkei fell 120.22 points, closing at 15,574.03.
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Primark to Buy VNU Unit In Financial Information
Date: 30 May 1995
By Bloomberg News
Bloomberg News
The Dutch media company VNU N.V. said today that it would withdraw from the United States financial data business by selling the financial information company Disclosure to the Primark Corporation for $200 million. The sale includes VNU's entire financial information services division. The Dutch company will retain its American trade magazines and nonfinancial data bases.
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Costa Rica Rights Journalistic Wrong
Date: 30 May 1995
To the Editor: With journalists killed or censored in 122 countries last year, free-press advocates should applaud Costa Rica's Supreme Court for killing the obligatory licensing of journalists.
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NEWS SUMMARY
Date: 29 May 1995
International 2-5 BOSNIAN FOREIGN MINISTER KILLED Bosnia's Foreign Minister died when his helicopter was shot down by Serb forces in Croatia, and Bosnian Serbs added 33 British soldiers and 8 Canadians to their long list of hostages. 1
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