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US says would push sanctions if Myanmar does not act

UNITED NATIONS, Oct 5 (Reuters) The United States said today it would propose a UN Security Council resolution imposing sanctions on Myanmar if the government there does not ''respond constructively'' to international concern about repression of pro-democracy protests.

''If the Burmese government does not take appropriate steps ...

the United States is prepared to introduce a resolution in the Security Council imposing sanctions,'' US Ambassador Zalmay Khalilzad told the Security Council.

''We must all be prepared to consider measures such as arms embargoes,'' Khalilzad said, urging Myanmar's neighbors to exert the maximum pressure in the meantime to get the military government there to cooperate with UN special envoy Ibrahim Gambari's efforts to promote dialogue.

REUTERS PDT RAI2317

India to be global power: Mukesh Ambani

Pune Oct 6: Having gained the status of growing economy, India would be among the countries aspiring for global power in near future, Reliance Industries Chairman and Managing Director Mukesh Ambani said. Mr Ambani cited the progress and scientific development which helped the country to attain the status of a world power in the near future. ''Today we have to look ahead to take the country forward to help it rank among the elite nations,'' Mr Ambani said while addressing industrialists, during.....

Barclays concedes defeat, RBS team close in on ABN

LONDON/AMSTERDAM, Oct 5 (Reuters) Britain's Barclays conceded defeat in the 7-month battle for ABN AMRO on Friday, as a trio of rivals led by Royal Bank of Scotland moved in to clinch the world's biggest bank takeover. The outcome of the fight for the Netherlands' biggest bank was widely expected after a fall in the Barclays share price saw its bid slip behind the 71.8 1 billion mostly cash offer from the RBS-led team. The offer from the consortium -- which.....

Fire breaks out at Himalaya House

New Delhi, Oct 5 (UNI) Fire broke out tonight on the tenth floor of a multi-storyed building at the cannaught place here, fire brigade official said. Twelve fire engines were rushed to douse the fire which broke out on the tenth floor of Himalaya House at cannuaght place at 2330 hours, the official added. No casualties had been reported in the fire so far. UNI.....
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