📄 reut2-020.sgm
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to current levels from 420,000 bpd after reviewing the world
oil market. In May, Malaysia cut output to 420,000 bpd from
459,000 in response to a call by OPEC to boost prices.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20604" NEWID="20009">
<DATE>20-OCT-1987 02:15:10.98</DATE>
<TOPICS><D>money-fx</D></TOPICS>
<PLACES><D>usa</D><D>west-germany</D></PLACES>
<PEOPLE><D>sumita</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM AI
f0103reute
f f BC-Sumita-welcomes-U.S.- 10-20 0012</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>Sumita welcomes U.S.-West German joint confirmation of Louvre accord
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20605" NEWID="20010">
<DATE>20-OCT-1987 02:18:33.93</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES><D>tse</D></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM AI
f0105reute
f f BC-Tokyo-stock-index-slu 10-20 0010</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>Tokyo stock index slumps 14.9 pct to close at 21,910.08
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20606" NEWID="20011">
<DATE>20-OCT-1987 02:20:31.11</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE><D>sumita</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM AI
f0106reute
f f BC-Sumita-says-world-sto 10-20 0013</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>Sumita says world stockmarkets excessively concerned about economic future
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20607" NEWID="20012">
<DATE>20-OCT-1987 02:29:24.58</DATE>
<TOPICS><D>money-fx</D></TOPICS>
<PLACES><D>japan</D><D>usa</D><D>west-germany</D></PLACES>
<PEOPLE><D>sumita</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM AI
f0111reute
b f BC-SUMITA-WELCOMES-U.S.- 10-20 0109</UNKNOWN>
<TEXT>
<TITLE>SUMITA WELCOMES U.S.-JAPAN AGREEMENT ON LOUVRE</TITLE>
<DATELINE> TOKYO, Oct 20 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita said
he welcomed Monday's U.S. And West German joint confirmation of
their commitment to the Louvre accord.
Sumita said in a statement that world stockmarkets were
excessively concerned about the economic future.
The Bank of Japan will continue to adhere to a system of
policy coordination based upon the Louvre accord of February,
he said. The accord called for stability in foreign exchange
rates. Exchange rates generally are regaining stability and the
economies of industrialised nations are heading for a steady
recovery, he said.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20608" NEWID="20013">
<DATE>20-OCT-1987 02:31:05.43</DATE>
<TOPICS><D>money-fx</D></TOPICS>
<PLACES><D>new-zealand</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f0112reute
u f BC-NEW-ZEALAND-WILL-CONT 10-20 0074</UNKNOWN>
<TEXT>
<TITLE>NEW ZEALAND WILL CONTINUE FIRM MONETARY POLICY</TITLE>
<DATELINE> WELLINGTON, Oct 20 - </DATELINE><BODY>The Reserve Bank of New Zealand said
there was no evidence to suggest the fall in share prices had
affected financial stability and it would maintain its firm
monetary policy.
Governor Spencer Russell said in a statement the central
bank did not accept arguments that the battle against inflation
should now take a low second priority after the sharemarket's
plunge.
Russell said the bank had two statutory responsibilities --
to implement the government's monetary policy to bring down
inflation, and to ensure the financial sector's stability.
"Unless the bank is directed otherwise, the firm monetary
policy will continue because it is very much in the national
interest that it do so," he said.
"And there is yet no evidence available to the bank to
suggest that the fall in share prices has affected the
stability of the financial sector."
The Barclays share index fell a record 504.75 points to
2,925,26 on Tuesday, a decline of 14.7 pct.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20609" NEWID="20014">
<DATE>20-OCT-1987 02:51:54.24</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES><D>tse</D></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM AI
f0126reute
f f BC-Tokyo-Stock-Exchange 10-20 0013</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>Tokyo Stock Exchange has no plan to suspend trading on Wednesday-president
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20610" NEWID="20015">
<DATE>20-OCT-1987 02:52:04.37</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES><D>tse</D></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0127reute
f f BC-Tokyo-Stock-Exchange 10-20 0013</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>Tokyo Stock Exchange to ease margin requirements, exchange president says
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20611" NEWID="20016">
<DATE>20-OCT-1987 03:02:08.52</DATE>
<TOPICS><D>money-supply</D></TOPICS>
<PLACES><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM AI
f0132reute
f f BC-Japan-September-M-2-p 10-20 0014</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>Japan September M-2 plus CD money supply rises 11.1 pct year on year (Aug 11.0)
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20612" NEWID="20017">
<DATE>20-OCT-1987 03:12:36.51</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE><D>james-baker</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM V
f0146reute
f f BC-BAKER-HEADS-HOME-AFTE 10-20 0013</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>BAKER HEADS HOME AFTER CUTTING SHORT EUROPE TRIP - SWEDISH FINANCE MINISTRY
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20613" NEWID="20018">
<DATE>20-OCT-1987 03:14:08.12</DATE>
<TOPICS><D>grain</D><D>corn</D></TOPICS>
<PLACES><D>tanzania</D><D>malawi</D><D>mozambique</D><D>zaire</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
G
f0147reute
u f BC-TANZANIA-SELLS-MAIZE 10-20 0075</UNKNOWN>
<TEXT>
<TITLE>TANZANIA SELLS MAIZE TO MALAWI, MOZAMBIQUE, ZAIRE</TITLE>
<DATELINE> DAR ES SALAAM, Oct 20 - </DATELINE><BODY>Tanzania has arranged to sell
53,000 tonnes of maize to Malawi, Mozambique and Zaire, radio
Tanzania said.
The radio said the grain would be delivered soon, but gave
no details about the value of the sales.
Tanzania is expecting a record maize harvest of 2.3 mln
tonnes in the 1987/88 financial year ending June, up from a
bumper crop of 2.1 mln in 1986/87.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20614" NEWID="20019">
<DATE>20-OCT-1987 03:14:33.15</DATE>
<TOPICS><D>cotton</D></TOPICS>
<PLACES><D>tanzania</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
G
f0148reute
u f BC-TANZANIAN-COTTON-THRE 10-20 0100</UNKNOWN>
<TEXT>
<TITLE>TANZANIAN COTTON THREATENED BY LACK OF STORAGE</TITLE>
<DATELINE> DAR ES SALAAM, Oct 20 - </DATELINE><BODY>About 60,000 tonnes of harvested
raw cotton may be spoiled by rain in Tanzania's northern
Shinyanga region because it is stored in the open or in crude
village sheds, radio Tanzania reported.
The cotton, worth one billion shillings, cannot be moved to
ginneries in the region because most mill warehouses are full.
Many mills are not working because of a lack of spare parts, it
added.
Agriculture Ministry officials have forecast a 1987/88
cotton harvest of about 200,000 tonnes, down from 215,000 in
1986/87.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20615" NEWID="20020">
<DATE>20-OCT-1987 03:17:41.87</DATE>
<TOPICS></TOPICS>
<PLACES><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES><D>tse</D></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM AI
f0153reute
b f BC-TOKYO-STOCK-EXCHANGE 10-20 0082</UNKNOWN>
<TEXT>
<TITLE>TOKYO STOCK EXCHANGE WILL NOT SUSPEND TRADING</TITLE>
<DATELINE> TOKYO, Oct 20 - </DATELINE><BODY>Tokyo Stock Exchange president Michio
Takeuchi said the exchange has no immediate plans to suspend
trading to cool off panic stock selling.
However, he said Tokyo may consider such a measure if the
London and New York exchanges are closed overnight.
"I don't think it will happen," he added.
He also told reporters the exchange will relax margin
requirements effective on Wednesday to encourage stock buying.
Takeuchi said the sharp fall in stock prices was mostly due
to psychological factors.
"We need to keep close watch on market movement but we
expect the market will stabilise soon," he said, adding that
individual investors should remain calm. "It is advisable to
wait for an autonomous recovery of the market," he said.
The margin requirement in cash will be reduced to 50 pct
from 70 pct while the margin collateral requirement in equity
will rise to 70 pct from 60 pct, effective on Wednesday, he
said.
Takeuchi also said the exchange has no specific plan to
take coordinated action with the New York and London exchanges
to help stabilise stock prices.
The drop on Wall Street was caused by various factors but
was primarily the result of a correction of overvalued share
prices, he said. The current stock price plunge cannot compare
with the Great Depression as the economic environment is very
different, he added.
The exchange has not changed plans to introduce stock
futures trading next year despite press reports that the Wall
Street fall was linked with futures trading, he said.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20616" NEWID="20021">
<DATE>20-OCT-1987 03:26:57.39</DATE>
<TOPICS><D>interest</D></TOPICS>
<PLACES><D>philippines</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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