91. He said banks mostly showed a strong rebound on active short-covering and remarks by government officials that the interest rate on postal savings need be reviewed. 92. Investments, particularly by large companies, continued to increase, but most are intended to improve productivity rather than expand capacity, the bank said. 93. It is also designed to promote exports of high value-added machinery and equipment which will create more sophisticated industries in those countries, the bank said. 94. A trader said investment bank Goldman Sachs had recommended buying those two stocks. 95. Analysts said bank licences were in demand due to a freeze on the issue of new licences. 96. Analysts said banks and foreign investors were snapping up greenbacks to pay short-term debt in dollars, anticipating further declines in the peso. 97. As a result, the preconditions exist for inflation to remain in line with the price stability goal of two percent, the bank said. 98. Brokers said banks, securities houses and electric equipment makers, which had led recent downturn, were the main target of buying support Monday. 99. Brokers said bank and property stocks were higher on expectations that improved liquidity in the property market would help speed progress in resolving bad debt problems. 100. Citibank has become the first foreign bank to get the green light to offer retail foreign currency banking services to Chinese customers, the bank said Wednesday. |