📄 reut2-007.sgm
字号:
41.85 pct up from 37.09 billion in December 1985.
The bank official noted M-3, which includes M-1 money
supply, plus savings, time deposits and deposit substitutes.
Was 132.88 billion pesos at the end of December 1985.
M-1 money supply rose a provisional 17.3 pct to 42.86
billion pesos at the end of December 1986 from 36.52 billion a
month earlier. The year-on-year rise was 19.64 pct, up from
35.83 billion at the end of December 1985.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11943" NEWID="7030">
<DATE>19-MAR-1987 07:31:01.10</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>japan</D><D>portugal</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0511reute
r f BC-SANWA-BANK-ACQUIRES-S 03-19 0103</UNKNOWN>
<TEXT>
<TITLE>SANWA BANK ACQUIRES SMALL STAKE IN PORTUGUESE BANK</TITLE>
<DATELINE> TOKYO, March 19 - </DATELINE><BODY>Sanwa Bank Ltd <ANWA.T> has agreed to buy
a two pct stake in Oporto-based <Banco Portugues de Investmento
Sarl> (BPI), Portugal's largest merchant bank, a Sanwa official
said.
Sanwa will purchase the shares from International Finance
Corp, a BPI shareholder and sister organisation of the World
Bank, for 351 mln yen, he said.
The acquisition will be completed this month as both the
Japanese and Portuguse governments are expected to give
permission soon. This is the first time a Japanese bank has
bought a stake in a Portuguese bank.
Sanwa plans to increase its stake in BPI to four pct, the
ceiling for foreign shareholders, the official said.
The bank has also agreed with <Banco Portugues do
Atlantico>, a state-owned merchant bank in Oporto, to exchange
information on customers and help accelerate Japanese
investment and technological transfers to Portugal, he said.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11944" NEWID="7031">
<DATE>19-MAR-1987 07:41:42.61</DATE>
<TOPICS><D>interest</D></TOPICS>
<PLACES><D>west-germany</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
A
f0527reute
u f BC-BUNDESBANK-LEAVES-CRE 03-19 0051</UNKNOWN>
<TEXT>
<TITLE>BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED</TITLE>
<DATELINE> FRANKFURT, March 19 - </DATELINE><BODY>The Bundesbank left credit policies
unchanged after today's regular meeting of its council, a
spokesman said in answer to enquiries.
The West German discount rate remains at 3.0 pct, and the
Lombard emergency financing rate at 5.0 pct.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11945" NEWID="7032">
<DATE>19-MAR-1987 07:44:43.08</DATE>
<TOPICS><D>gnp</D></TOPICS>
<PLACES><D>france</D></PLACES>
<PEOPLE><D>balladur</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f0534reute
u f BC-NO-FRENCH-REFLATION, 03-19 0103</UNKNOWN>
<TEXT>
<TITLE>NO FRENCH REFLATION, SOURCES CLOSE TO BALLADUR SAY</TITLE>
<DATELINE> PARIS, March 19 - </DATELINE><BODY>There is no question of stimulating
consumption or relying on a systematic budget deficit or other
reflationary policies to boost the French economy, sources
close to finance minister Edouard Balladur said.
Their comments followed remarks by prime minister Jacques
Chirac's spokesman Denis Baudouin, who said on Monday ministers
were agreed on the desirability of "relaunching" the economy.
This sparked speculation the government was preparing for a
reflationary U-turn, but the finance ministry immediately ruled
out any such move.
The sources today said the government's policy remained one
of "recovery," or sound finances and greater efficiency.
They said that while 8.6 billion of the 30 billion franc
revenues expected for 1987 from a sweeping privatisation
program will go to providing public companies with fresh
capital, 21.4 billion francs, or two-thirds, will go toward
paying off national debt.
Any further privatisation revenue this year above the 30
billion would be distributed between repayment of national
internal debt and public companies in similar proportions, they
added.
The sources said it was absurd to talk of reflation when
the country's internal debt, expected to grow by 10 pct this
year from 1,300 billion francs in 1986 was growing twice as
fast as gross domestic product.
Nominal GDP is expected to grow by roughly five pct this
year from 5,000 billion francs last year, broadly in line with
earlier forecasts. Real GDP will grow by up to 2.5 pct.
The sources said that with France's economic targets for
1987 roughly in line with its main trading partners, the
government had no intention of pushing the economy to grow at
an artificial pace out of step with neighbouring economies.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11946" NEWID="7033">
<DATE>19-MAR-1987 07:55:53.04</DATE>
<TOPICS></TOPICS>
<PLACES><D>hong-kong</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f0557reute
u f BC-H.K.-REVIEWS-BANKING 03-19 0100</UNKNOWN>
<TEXT>
<TITLE>H.K. REVIEWS BANKING STRUCTURE, CAPITAL RATIO</TITLE>
<DATELINE> HONG KONG, March 19 - </DATELINE><BODY>The Banking Commission is reviewing
the present three-tier banking system and its newly established
capital adequacy ratio, banking commissioner Robert Fell said.
He told a news conference his office has had talks with the
Bank of England and the U.S. Federal Reserve Board on
risk-based capital ratios, following an agreement on such
standards between the two central banks early this year.
The Bank of England and the Fed are trying to persuade the
Bank of Japan and European central banks to accept their
standards.
"We welcome international standards," Fell said. "It means a
level playing field for all."
Under a new banking rule that came into effect last year,
banks in Hong Kong are given a two-year grace period to meet a
five pct capital adequacy requirement.
"The difference between us (Hong Kong and the U.K.) is
really not that great," he said.
Fell said the majority of banks are comfortable with the
required capital ratio, though some are under-capitalised.
Some banks, mostly Japanese, want a lower capital ratio
because of the special nature of their business, mainly
offshore banking operations. These institutions have proposed
the creation of a limited service bank category.
Financial institutions in Hong Kong are now classified into
three types -- banks, registered and licensed deposit-taking
companies.
Fell said the Commission is reviewing the three-tier
structure in light of the possible changes in capital ratio and
the growing trend towards securitisation of debt.
Fell said the Commission is also studying a set of
guidelines on loan loss provisions with the help of the Society
of Accountants.
Other planned guidelines relate to securitisation of debt
and business that banks and deposit taking companies can
conduct.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11947" NEWID="7034">
<DATE>19-MAR-1987 08:01:10.70</DATE>
<TOPICS></TOPICS>
<PLACES><D>uk</D><D>austria</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f0571reute
u f BC-AUSTRIA-INCREASES-BON 03-19 0059</UNKNOWN>
<TEXT>
<TITLE>AUSTRIA INCREASES BOND TO 75 MLN AUSTRALIAN DLRS</TITLE>
<DATELINE> LONDON, March 19 - </DATELINE><BODY>The Australian dollar eurobond launched
yesterday for the Republic of Austria has been increased to 75
mln dlrs from the original 50 mln, Credit Suisse First Boston
Ltd said as lead manager.
The five year transaction has a 14-1/4 pct coupon and was
priced at 101-3/4 pct.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11948" NEWID="7035">
<DATE>19-MAR-1987 08:02:36.22</DATE>
<TOPICS></TOPICS>
<PLACES><D>uk</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f0577reute
u f BC-U.K.-BUILDING-SOCIETY 03-19 0078</UNKNOWN>
<TEXT>
<TITLE>U.K. BUILDING SOCIETY TAPS EUROSTERLING MARKET</TITLE>
<DATELINE> LONDON, March 19 - </DATELINE><BODY>Cheltenham and Gloucester Building
Society is issuing a 50 mln stg eurobond due April 22, 1992,
paying 9-1/4 pct and priced at 101-1/4 pct, lead manager Union
Bank of Switzerland (Securities) Ltd said.
The bond will be available in denominations of 1,000 stg
and will be listed in Luxembourg.
Fees comprise 1-1/4 pct selling concession and 5/8 pct
management and underwriting combined.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11949" NEWID="7036">
<DATE>19-MAR-1987 08:04:29.56</DATE>
<TOPICS><D>money-fx</D><D>income</D><D>money-supply</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
A
f0587reute
u f BC--U.S.-CREDIT-MARKET-O 03-19 0111</UNKNOWN>
<TEXT>
<TITLE>U.S. CREDIT MARKET OUTLOOK - SPENDING, M-1</TITLE>
<DATELINE> NEW YORK, March 19 - </DATELINE><BODY>Brisk increases in personal income and
consumption are to appear in February data released today, but
the bond market's recent sluggishness suggests there will be no
major price reaction unless the rises are much larger than
expected, economists said.
Personal income is forecast to rise by 0.6 to 0.8 pct,
compared with no change in January, while consumption
expenditures are projected to increase 1.4 to 1.6 pct,
reversing most of the two pct drop recorded in January.
M-1 money supply data for the March 9 week will also be
released. An increase of some 2.3 billion dlrs is expected.
Peter Greenbaum of Smith Barney, Harris Upham and Co Inc
expects a one pct rise in income, led by a strong gain in wage
and salary disbursements in February.
Nonfarm payrolls expanded by 337,000 jobs in February, the
average workweek lengthened by 0.6 pct and hourly wages rose by
four cts, he noted in a report. Vigorous spending on durable
goods last month, especially cars, foreshadow a rise of at
least 1.5 pct in consumption, he added.
The prospect of bearish data did not trouble the bond
market much yesterday, with the 30-year Treasury bond slipping
just 7/32 to 99-28/32 for a yield of 7.51 pct.
Analysts said the market is still trapped in a narrow
range, desperately seeking direction.
"Seasonally adjusted, it's already December in the bond
market," quipped Robert Brusca of Nikko Securities Co
International Inc.
Paul Boltz of T. Rowe Price Associates Inc said the
steadiness of long bond yields around 7.5 pct, despite some
signs of a stronger economy, probably reflects expectations
that inflation will remain subdued.
But he warned that this assumption might not be justified.
"It took the bond market a long while to see that inflation
was not returning to double digits, and now that it has learned
that lesson, it may be a little slow to see that a four to five
pct inflation is a real possibility ahead," Boltz said in a
report.
After trading late yesterday at 5-15/16 pct, Fed funds were
indicated by brokers to open comfortably at 5-15/16, six pct.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11950" NEWID="7037">
<DATE>19-MAR-1987 08:07:29.71</DATE>
<TOPICS><D>veg-oil</D><D>oilseed</D><D>soybean</D></TOPICS>
<PLACES><D>west-germany</D><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS><D>ec</D></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C G
f0595reute
r f BC-U.S.-DELEGATION-HOPES 03-19 0115</UNKNOWN>
<TEXT>
<TITLE>U.S. DELEGATION HOPES FOR VEG OILS TAX DEFEAT</TITLE>
<DATELINE> BONN, March 19 - </DATELINE><BODY>American soybean producers and processors
are hoping the proposed EC tax on vegetable oils and fats will
not be imposed, but say the U.S. Is prepared to retaliate if it
is introduced.
Wayne Bennett, the American Soybean Association's first
vice president, told a news conference the U.S. Administration
would not hesitate to retaliate, but both producers and
processors were trying to solve the issue through negotiation.
U.S. Secretary of Agriculture Richard Lyng said in a letter
to EC officials that U.S. Retaliatory measures would cover more
than agricultural products if the tax was imposed, Bennett
said.
The ASA and National Soybean Processors Association (NSPA)
delegations will meet top West German government officials
today and tomorrow to lobby for support.
Bennett said West Germany, Britain, the Netherlands,
Denmark and Portugal oppose the tax, but Italy and Belgium seem
to have taken a hardline view on the issue.
"Europeans in favour of the tax say it would be to their
advantage economically, but that is not correct because we
would hit back," NSPA chairman Jack Reed said.
This step would be very expensive for all and no one would
emerge as a winner if the tax were introduced, he said.
Reed pointed out the U.S. Administration and the soybean
industry view the EC proposal as violating the General
⌨️ 快捷键说明
复制代码
Ctrl + C
搜索代码
Ctrl + F
全屏模式
F11
切换主题
Ctrl + Shift + D
显示快捷键
?
增大字号
Ctrl + =
减小字号
Ctrl + -