According to the statement, the UN Security Council resolution concerning Israel and Yasser Arafat was presented by the United S

The United States on Tuesday vetoed a UN Security Council resolution, backed by Islamic and nonaligned nations, demanding that Israel back off its threat to deport the Palestinian leader Yasser Arafat. Eleven Council members voted in favor of the measure, while Britain, Germany and Bulgaria abstained.

The Chinese currency, the yuan, is not a free-floating currency like the Japanese yen but is pegged to the US dollar. Its value is therefore essentially unchanged.Beijing is not expected to change this system in the near term, in part because officials there fear that a move now towards free-floating currency could destabilize the country’s economy and financial system.