Word: suez
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...last week, capital flooded into Hong Kong. In the island colony itself, bank withdrawals ran more than ten times normal rates-but not out of panic. Among Asian investors, the rush was on to buy the first public stock offering of the most powerful British trading company east of Suez: 129-year-old Jardine, Matheson & Co. By week's end the 900,000-share secondary issue had been oversubscribed 56 times, and Jardines' stock, which had been distributed at $2.78, was changing hands in private deals...
...heady days after Suez, when Russian MIGs were uncrated in Cairo and Nikita Khrushchev grandly picked up the tab for the Aswan Dam, such a turn of affairs could not have been imagined. But in Cairo last week, big red headlines hit the street. COMMUNIST PROPAGANDA ATTACKS US, cried one daily. RUSSIA TRIES BLACKMAIL, screamed another. Khrushchev, who used to boast of Egyptian-Russian relations as an example of how the Communists could get along with another nation "whose social system is different from ours," had abruptly turned his venom on Gamal Abdel Nasser...
Ormsby-Gore will replace Career Diplomat Sir Harold Caccia, 55, who has been in the job nearly five years, and among other things was largely responsible for smoothing over Anglo-U.S. differences after Suez. Sir Harold will step up to Permanent Under Secretary of State, highest job attainable by a career diplomat...
...best catches in the British Isles caught each other last week. Married in rural Devonshire were rich, handsome Anthony Nutting, 41, once a rising Tory who quit as Minister of State for Foreign Affairs in 1956 in protest against the Suez invasion, and Anne Gunning, 30, elegant, mint-cool Irish model and onetime LIFE cover girl...
...former Presidential Press Secretary James C. Hagerty told a group of Air Force officers in Manhattan. As he reminisced about his service in Washington, the American Broadcasting Company's new vice president for news recalled that "President Eisenhower went for seven straight weeks before receiving a question on Suez"-at a time when the 1956 Canal crisis was making headlines every week. What is more, said Hagerty, reporters are wrong in thinking that the conference belongs to them: "It belongs to the President. He can hold it in Madison Square Garden or a telephone booth." Added Pierre Salinger...