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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (18282)	5/5/1998 6:49:00 PM
From: steve susko	Respond to of 50167

Maths and statistics are powerful tools, yet packaging them in the right combination to project market movement is a big challenge.

To: IQBAL LATIF who wrote (18282)	5/6/1998 4:57:00 AM
From: IQBAL LATIF	Respond to of 50167

From Samira: Headline news HONG KONG: Asian share prices end lower; Jakarta unrest concerns weigh on currency markets. Stock markets failed to take heart from IMF's announcement that it had approved the disbursal of three billion dollars to Indonesia. HK economy slipping into recession as Asia crisis bites; Property prices set to fall further. Many analysts revising down their estimates for 1998 economic growth well below a long-term government forecast of 3.5%. Some, including Lehman Bros, expect the economy to contract slightly this year. HK's currency peg to the US dollar has held firm but high interest rates to defend the link have exacted a heavy price. Property prices have crashed 30% and more downside is expected. KUALA LUMPUR: UK's Brown sees "recovery" in Asia over the medium-term if Asian economies continued to take strong steps to deal with the crisis. JAKARTA: Fresh IMF funds hailed: IMF decision Monday coincided with violent protests over the elimination of sensitive energy subsidies expected to cause prices to rocket. IMF backs Jakarta fuel hike: IMF chief Michael Camdessus warned Tuesday there would be "no miracle cure" for Asia's economic woes, only a painful recovery. Camdessus expressed concern at the social unrest in Indonesia, but voiced confidence that Jakarta's economic reform program was back on track. BEIJING: Falling oil prices hit China hard as it has higher fixed rates (at around $18) on its domestic crude: Beijing faces a wave of illegal imports. Last available figures show that in 1996 national consumption reached 170 million tonnes forcing the country to import almost 15% of its needs. TEHRAN: Iran agrees to cut crude output again; Iran is willing to reduce its output beyond the 140,000 barrels per day agreed to at the Riyadh meeting of March 22. PARIS: World oil prices suffer setback as Opec may cut output again; Saudi, Mexico, Venezuela might hold meeting: Opec countries will almost certainly have to announce further cuts in oil output when ministers next meet in June, as cuts which took effect a month ago have had little success in boosting prices. ABU DHABI: Italy to buy more oil from UAE. WASHINGTON: Japan urged to take more radical steps to deregulate economy - Japan should not depend on yen fall to stimulate demand and flood world market with exports but should try to generate domestic demand: Rubin. Rubin refused to offer an opinion whether or not the US stock market might be dangerously overvalued. Instead, he urged investors to be rigorous in studying how the market was valued in relation to the rest of the economy. MOSCOW: Yeltsin set tough targets on Tuesday in tackling the budget deficit and the state debt burden. Yeltsin set a limit for the 1999 budget deficit of 3.7% of GDP, against 4.7% in 1998 while the targets for 2000 and 2001 were 2.6 and 2.4 per cent respectively.