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Omani banks form national ATM network

OMAN - A deal to form a national ATM network called Oman Switch by merging Shamel ATM switch and al-Watani ATM switch was signed at the Central Bank of Oman (CBO) on 17 October in the presence of Hamood bin Sanjoor al-Zadjali, CBO Executive President.

Japanese output slumps

JAPANESE - Industrial production in the world's second largest economy slumped by a worse-than-expected 2.9% in September following last month's attacks on the US.

Bank of Japan warns of recession

JAPAN - The Bank of Japan has acknowledged the world's second largest economy will shrink this year by cutting a growth forecast for 2001 that many economists have long viewed as unrealistic.

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