Trade within region is picking up, underpinning hopes

Article Abstract:

Intraregional trade in Asia has been witnessing remarkable growth, bolstering hopes of a long-term economic recovery. Singapore, for instance, reported record-breaking growth on its non-oil trade for May 1999. The country's Taiwan exports considerably increased by 51% during the same year, while exports to South Korea and Japan rose to 61% and 16%, respectively. Other Asian countries including Taiwan and Japan have likewise registered improved gains despite fluctuations in trade surplus and current accounts.

Singapore, Foreign Trade Companies NEC, Other Miscellaneous Nondurable Goods Wholesalers, Economic aspects, International trade, Trading companies

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BIS may open trading desk in Hong Kong; bank seeks to manage reserves for the region

Article Abstract:

The Bank for International Settlements is planning to open a trading desk in Hong Kong. The bank accumulates lending data from banks, advocates policies for bank soundness and provides a forum for central bankers. kIts other discreet function is to manage approximately US120 billion in reserves for over 100 central banks. Majority of its reserves holders are Asian central banks whose combined assets amount to US691 billion.

Services development, Hong Kong, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Services, Central banks, Banking law, Bank for International Settlements, International banking facilities

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Gaffe by ABD President highlights strains in the bank

Article Abstract:

Diplomacy between the Asian Development Bank President Tadao Chino and US representatives are discussed.

Commercial Banks, Public affairs, Statistical Data Included, Banking industry, Management, Chino, Tadao, Asian Development Bank

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