Banking and Finance
IMD fund flow has boosted bond issuers prospects
THE liquidity surge fuelled in the financial markets through the India Millennium deposits has opened a window of opportunity for bond issuers. The opportunity is especially for some of the high coupon issuers of the past.

Economy
US economy slows down
IT is usual that whenever the Federal Reserve Chairman, Mr Alan Greenspan, speaks the whole financial world listens with rapt attention for clues on monetary policy. His speech to the banker's conference last fortnight was also a similar event.

Forex
`Price stability, not $ parity, is ECB's main aim'
PRICE stability in the Eurozone nations, and not how the euro moves against the dollar, is what concerns the European Central Bank. However, the ECB expects a ``re-correction'' of the euro to take place, which will see the multinational curren cy firm up against the dollar, a spokesman of ECB told Business Line here.

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