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Gold/Mining/Energy : Euro Impact on Gold, USD ... -- Ignore unavailable to you. Want to Upgrade?

To: banco$ who wrote (226)	1/8/1999 10:08:00 PM
From: banco$	Read Replies (1) \| Respond to of 289

"Japan wants end to world dominance of U.S. dollar" (PM Keizo Obuchi) - Obuchi arrives in Italy January 8, 1999 PARIS (CNN) -- Japanese Prime Minister Keizo Obuchi told French leaders it was time to reassess the U.S. dollar's dominance in the global financial system, his spokesman said Friday. "This dollar-oriented world needs to change," the spokesman, Sadaaki Numata, quoted Obuchi as saying at a news conference marking the end of two days of meetings in Paris. The questioning of dollar dominance in international finance came on the first leg of a three-nation European tour by the Japanese leader, who then flew to Italy and will later travel to Germany. "Japan would like to increase the utility of the yen as an international currency," Obuchi was quoted as saying to French leaders. Most central banks hold significant percentages of their currency reserves in dollars, and oil and many other major commodities are priced in dollars. Earlier in the day, French Prime Minister Lionel Jospin asked Japan to work more closely on foreign exchange markets with all 11 nations that introduced the new single currency, the euro. The euro is seen as a currency that may one day rival the role of the U.S. dollar on international financial markets. Both Japan and France have called for improved cooperation on international currency exchange, in order to avert the kind of crisis that has devastated the economies of some Asian nations and Russia. Japan has been badly affected by the Asian crisis and has been trying desperately to restore confidence in its markets. Japan is the world's third most powerful economy, behind the United States and the new 11-nation euro zone. Obuchi welcomed the euro and expressed his hopes that it would help boost growth in Japan. "The further stability of foreign exchange markets is of key importance not only to each of our economies but also to the entire world economy," Obuchi and French President Jacques Chirac said in a joint statement on Thursday. The two leaders said that the rules governing the global market must be improved so that "all countries and people" will benefit from economic globalization. cnn.com

To: banco$ who wrote (226)	1/14/1999 7:54:00 AM
From: banco$	Respond to of 289

Latest BIS figures on Brazil bank exposures (incl. Europe) LONDON, Jan 13 (Reuters) - Following are the latest figures from the Bank for International Settlements on bank exposures to Brazil up to the end of June 1998. Analysts say exposures are likely to have decreased somewhat since then and especially in the last three months as many banks have either stopped new lending or at least introduced much stricter terms. Consolidated international claims of BIS reporting banks on Brazil. Europe $43.454 billion U.S. $16.777 billion Japan $5.179 billion Canada $1.907 billion Total (including claims by affiliates and branches with head offices outside the BIS reporting area) $84.585 billion Claims by maturity Up to and including one year $52.978 billion Over one year and up to two years $3.387 billion Over two years $22.186 billion Unallocated $6.034 billion Claims by sector Banks $27.129 billion Public Sector $15.014 billion Non-bank private sector $42.301 billion Unallocated $0.141 billion