Financial and Banking News


$130bn OPEC Assets Invested in EEC 

The share of oil exporters' funds invested in the EEC grew during 1985 to $130bn, or 30.7% of the total, compared with $107bn (26.7%) in 1984, according to figures published by the Bank of England in the June issue of its Quarterly Bulletin. The volume of assets held in the US fell by contrast from $83bn (20.7%) to $79bn (18.7%). According to these figures, the oil exporting countries registered...