Crisis? What crisis?
Article Abstract:
The Pound sterling dropped to DM 2.79, nearly the lowest rate allowed by the European Exchange Rate Mechanism (ERM). Critics mistakenly fear that proposed interest rate hikes will prolong the recession. They suggest a realignment of the ERM or succession from ERM to devalue the Pound.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Feeling their way: American insurers
Article Abstract:
Slow growth of premium and low interest rates will reduce the investment income of insurance companies. Property and casualty insurers are have cut premium rates 25-30% since 1987, in an effort to increase premium income.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Aftertaste
Article Abstract:
Low interest rates have been helping banks to increase capital and rebuild profits. But low rates have begun to cause problems for banks, such as a abundance of refinanced mortgages.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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- Abstracts: Westward hai. Change in the air: Japanese insurance. As Japanese as apple pie
- Abstracts: In a coal hole: Australian mining and power. Roiled: American futures markets. Felled by finance: Westinghouse
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- Abstracts: The wiring of Wall Street. Broking trouble: Barings. Wiring up biology
- Abstracts: Strong head winds: American and British airlines. El conquistador. All aboard: Iberia's acquisitions