BANK OF JAPAN EXPECTS
PRICE INCREASES SOONYasushi Mieno, Bank of Japan governor, said Tuesday the inflationary effects of the recent surge in oil prices may be felt in the months to come, according to a government official.
Speaking at a meeting of economic ministers, Mr. Mieno said he believes that such effects would be ween on import prices in September and domestic wholesale prices in December, although prices are moving in a stable range at present, according to the official.
KUWAITI BANK WEIGHS
SINGAPORE - Kuwait's Gulf Bank may set up its operational headquarters in Singapore if the Iraqi occupation continues, the Straits Times reported Tuesday.
In an interview, Najib H.M. al-Saleh, a director of the bank, said Singapore is the natural place because it has the bank's sole overseas branch.
The bank's only other office outside Kuwait is its European representative office in London.
Mr. al-Saleh met with the Monetary Authority of Singapore and other local bankers.
DE CARBONNEL TO HEAD
GE CAPITAL EUROPE
STAMFORD, Conn. - Francois E. de Carbonnel has been appointed president and chief executive officer of GE Capital Europe.
In his new position, Mr. de Carbonnel's principal responsibility will be to develop venture, acquisition, and start-up opportunities. He will also counsel other GE financialservices businesses in Europe and coordinate their activities.
Mr. de Carbonnel previously served as president of Strategic Planning Associates Inc., a management consulting firm headquartered in Washington, D.C. which he joined in 1981.
IMF APPROVES PLAN
TO SUPPORT CONGO
WASHINGTON - The International Monetary Fund has approved a stand-by arrangement for the government of the Congo, authorizing purchases up to the equivalent of about $39 million over the next 21 months to support the government's economic and financial program.