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To: Abner Hosmer who wrote (4725)12/24/1997 12:04:00 AM
From: PaulM  Read Replies (1) | Respond to of 116752
 
Alex, all - time to open up your wallets.

"Korea's Central Bank to Borrow $20 Billion from Foreign Banks"

"Korea Banks Head to Request Loan Extensions from Japan Banks"

"Phillipine Central Bank to Seek $2 Bill in loans from IMF"

"World Bank Loans Thailand $350 mil to overhaul bankign system"

"Indonesia may have $200 bill in total foreign debt"

....all current headliens or stories from Bloomberg on-line, an excellent link to keep on top of,

bloomberg.com

Be aware its updated frequently. Choose "Business News options" to see the above.



To: Abner Hosmer who wrote (4725)12/24/1997 12:11:00 AM
From: PaulM  Read Replies (1) | Respond to of 116752
 
Also in the link I just posted: "Japan Delays Punishment of Banks not Meeting Standards."

Basically a story about how the Japanese govt tried reasonable reserve requirement rules only to find that nobody can meet them.

Should do wonders for the yen.