Financial and Banking News

INVESTMENT ACTIVITIES

Bank of England Estimates Small OPEC Surplus 

Figures published by the Bank of England in the March edition of its Quarterly Bulletin indicate that the oil-exporting countries probably had an aggregate current account surplus during 1984, although figures for the fourth quarter are not yet complete. According to the Bank of England, the oil exporters enjoyed an aggregate current account surplus of $5.5bn during the first nine months of...