1. Amoco will build the plant with Egyptian General Petroleum Corp., using reserves from the gas-rich Nile Delta. 2. Analysts said using those reserves could drive interest rates up to attract overseas funds. 3. An example of a company that may use reserves to smooth out its earnings is Microsoft, he added. 4. At first Asian governments defended their currencies by using dollar reserves to buy them back on world currency markets. 5. Automakers use such reserves as backup for defaults on the auto loans they extend to their customers. 6. But the central bank is gambling that it can trust its errant banks to use the reserves to settle stalled bills. 7. But six former Enron officials who handled or reviewed the accounts said that Enron used prudency reserves to manipulate the reported profits of its energy trading operations. 8. But though the statement noted that other nations would also consider using emergency reserves to increase supply, none had made such a commitment by Sunday. 9. Central banks use reserves to support their currencies in the market by selling foreign currency in exchange for domestic currency. 10. Chicago-based Amoco will build the plant with Egyptian General Petroleum Corp., using reserves from the gas-rich Nile Delta. |