Financial and Banking News
Bank of England Sees Shrinking OPEC Surpluses
The stock of identified funds invested abroad by oil exporting countriesshrank during the first six months of 1988, according to the Bank of England'sQuarterly Bulletin for February. The total identified deployment of such fundsstood at $455.5bn at the end of June 1988, compared with $460.4bn a year beforeand $450.6bn in June 1986. The decline during the first half of...