1. The chairmen of Chase Manhattan and Manufacturers Hanover said that the July debt-reduction accord being hammered out with Mexico had signalled the need to bolster reserves. 2. Both companies have recently bolstered their reserves for future losses, indicating that loan loss rates are continuing to rise. 3. But Ruchi Madan, a stock analyst with Salomon Smith Barney, said the banking company might buy back stock or bolster reserves against potential loan losses. 4. Chung said the bond proceeds would be used to bolster foreign exchange reserves and help banks repay debt. 5. Heavy rains last week bolstered water reserves at hydroelectric plants, with more rains forecast for Tuesday and Wednesday. 6. Japanese officials said Korea needed the cash to bolster reserves this week. 7. Officials said higher international oil prices also bolstered the reserves. 8. To bolster its reserves to a level that can restore international confidence, Seoul is opening its markets wider to attract foreign capital. 9. Traders speculated that some Asian investors are selling the short term and most liquid securities to bolster currency reserves. 10. Earlier Monday, Finance Minister Thanong Bidaya announced that Thailand would seek a credit line from the International Monetary Fund to bolster foreign reserves. |