VOA标准英语10月-India Plays Down Fears of Bank Collapse

India's finance minister is seeking to dispel¹ rumors² of an impending³ major bank failure, amid the global economic turmoil⁴. After opening near a two-year low, India's major stock indexes recovered in Tuesday trading, in contrast to most bourses elsewhere in the region. VOA Correspondent Steve Herman reports from New Delhi.
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Stock dealer5 reacts during intra-day trade in Mumbai, 29 Sep 2008

After early heavy selling of banking⁶, property and information technology stocks, India's markets reversed course into positive territory. In Mumbai, the key indexes finished three percent higher. That gave a glimmer⁷ of hope global markets might be able to pull out a tailspin, as investors⁸ wait for American lawmakers to agree on a plan to rescue the U.S. financial system.

Most Asian markets fell. Japan's benchmark Nikkei closed at its lowest level in three years, despite another huge dose of liquidity⁹ - the latest infusion¹⁰ totaling $28 billion from the country's central bank.

The main index in Taiwan dropped 3.5 percent. But bargain hunters helped boost Hong Kong's Hang Seng a half of a percent.

Investors here worried that India would be next to see a collapse of a major bank. The country's largest private bank, ICICI, is demanding a probe by regulators of alleged¹² manipulation of its share price. It says selling of its stock was taking place as a result of malicious¹³ rumors about its stability.

Finance Minister Palaniappan Chidambaram attempted to pour cold water on such speculation¹⁴.

"All our banks are well capitalized, well regulated. No Indian depositor need be apprehensive¹⁵. We're watching the situation carefully," said Chidambaram. "Of course, we will be greatly helped if a bail-out package is quickly approved by the U.S. Congress, because we will not suffer any collateral¹⁶ damage."

The Reserve Bank of India says there is no need for panic and ICICI Bank has enough capital to meet the demands of its depositors. However, officials acknowledge some worried account holders¹⁷ have been withdrawing their funds.

The Securities and Exchange Board of India added soothing¹⁸ words from its chairman, who declared that the nation's equities¹⁹ markets are "resilient" with no indication that financial institutions are violating short-selling rules.

Short-selling allows traders to borrow shares from brokers²⁰ that they then sell. When prices drop the traders buy back the stock and make a profit by returning the shares to the brokers.

Economic forecasts here remain positive about the direction of India's economy. They say the global credit crisis and possible recession in the United States could trim growth, but it should stay near eight percent for this year.

1 dispel   

vt.驱走，驱散，消除

参考例句：

• I tried in vain to dispel her misgivings.我试图消除她的疑虑，但没有成功。
• We hope the programme will dispel certain misconceptions about the disease.我们希望这个节目能消除对这种疾病的一些误解。

2 rumors   

n.传闻( rumor的名词复数 )；[古]名誉；咕哝；[古]喧嚷v.传闻( rumor的第三人称单数 )；[古]名誉；咕哝；[古]喧嚷

参考例句：

• Rumors have it that the school was burned down. 有谣言说学校给烧掉了。 来自《简明英汉词典》
• Rumors of a revolt were afloat. 叛变的谣言四起。 来自《简明英汉词典》

3 impending   

a.imminent, about to come or happen

参考例句：

• Against a background of impending famine, heavy fighting took place. 即将发生饥荒之时，严重的战乱爆发了。
• The king convoke parliament to cope with the impending danger. 国王召开国会以应付迫近眉睫的危险。

4 turmoil   

n.骚乱，混乱，动乱

参考例句：

• His mind was in such a turmoil that he couldn't get to sleep.内心的纷扰使他无法入睡。
• The robbery put the village in a turmoil.抢劫使全村陷入混乱。

5 dealer   

n.商人，贩子

参考例句：

• The dealer spent hours bargaining for the painting.那个商人为购买那幅画花了几个小时讨价还价。
• The dealer reduced the price for cash down.这家商店对付现金的人减价优惠。

6 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

7 glimmer   

v.发出闪烁的微光；n.微光，微弱的闪光

参考例句：

• I looked at her and felt a glimmer of hope.我注视她，感到了一线希望。
• A glimmer of amusement showed in her eyes.她的眼中露出一丝笑意。

8 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

9 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

10 infusion   

n.灌输

参考例句：

• Old families need an infusion of new blood from time to time.古老的家族需要不时地注入新鲜血液。
• Careful observation of the infusion site is necessary.必须仔细观察输液部位。

11 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

12 alleged   

a.被指控的，嫌疑的

参考例句：

• It was alleged that he had taken bribes while in office. 他被指称在任时收受贿赂。
• alleged irregularities in the election campaign 被指称竞选运动中的不正当行为

13 malicious   

adj.有恶意的，心怀恶意的

参考例句：

• You ought to kick back at such malicious slander. 你应当反击这种恶毒的污蔑。
• Their talk was slightly malicious.他们的谈话有点儿心怀不轨。

14 speculation   

n.思索，沉思；猜测；投机

参考例句：

• Her mind is occupied with speculation.她的头脑忙于思考。
• There is widespread speculation that he is going to resign.人们普遍推测他要辞职。

15 apprehensive   

adj.担心的，恐惧的，善于领会的

参考例句：

• She was deeply apprehensive about her future.她对未来感到非常担心。
• He was rather apprehensive of failure.他相当害怕失败。

16 collateral   

adj.平行的；旁系的；n.担保品

参考例句：

• Many people use personal assets as collateral for small business loans.很多人把个人财产用作小额商业贷款的抵押品。
• Most people here cannot borrow from banks because they lack collateral.由于拿不出东西作为抵押，这里大部分人无法从银行贷款。

17 holders   

支持物( holder的名词复数 )； 持有者； （支票等）持有人； 支托（或握持）…之物

参考例句：

• Slaves were mercilessly ground down by slave holders. 奴隶受奴隶主的残酷压迫。
• It is recognition of compassion's part that leads the up-holders of capital punishment to accuse the abolitionists of sentimentality in being more sorry for the murderer than for his victim. 正是对怜悯的作用有了认识，才使得死刑的提倡者指控主张废除死刑的人感情用事，同情谋杀犯胜过同情受害者。

18 soothing   

adj.慰藉的；使人宽心的；镇静的

参考例句：

• Put on some nice soothing music.播放一些柔和舒缓的音乐。
• His casual, relaxed manner was very soothing.他随意而放松的举动让人很快便平静下来。

19 equities   

普通股，股票

参考例句：

• These are invested mainly in the OECD bonds and equities. 这些资产主要投资于经济合作及发展组织的债券与股票市场。
• They are also advantage of the global rebound in equities. 它们还在利用全球股市反弹的机会。

20 brokers   

n.（股票、外币等）经纪人( broker的名词复数 )；中间人；代理商；（订合同的）中人v.做掮客（或中人等）( broker的第三人称单数 )；作为权力经纪人进行谈判；以中间人等身份安排…

参考例句：

• The firm in question was Alsbery & Co., whiskey brokers. 那家公司叫阿尔斯伯里公司，经销威士忌。 来自英汉文学 - 嘉莉妹妹
• From time to time a telephone would ring in the brokers' offices. 那两排经纪人房间里不时响着叮令的电话。 来自子夜部分