Trade Panel Dismisses
Dumping ChargesThe International Trade Commission dismissed dumping charges against Hitachi Metals Ltd. and other Japanese firms on their bimetallic cylinder sales in the U.S. market.
The ITC unanimously found that imports of the cylinders, used in extrusion and injection-molding machines, are not causing or threatening injury to U.S. producers.
Earlier, the Commerce Department had found that the Japanese cylinders were being sold more cheaply in the United States than in Japan.
Imports of the Japanese cylinders in first half 1987 totaled $2.2 million.
Xaloy, Inc., Pulaski, Va., and Bimex Corp., Wells, Wis., had filed dumping charges against the Japanese exporters.
Trade Between US,
Malaysia on the Rise
KUALA LUMPUR, Malaysia - Malaysian exports to the United States grew by 20.5 percent, while U.S. imports into the Southeast Asian nation increased by 9.7 percent last year, the U.S. Embassy announced.
In its quarterly economic bulletin, the embassy said Malaysian exports to the United States totaled US$3.05 billion, while U.S. imports to Malaysia totaled US$1.9 billion last year.
American investment in Malaysia is important in the overall relationship, the embassy report said. The United States is Malaysia's second-largest trading partner after Japan.
According to the report, electronic components accounted for 64 percent of the U.S. exports to Malaysia and 42 percent of U.S. imports from Malaysia.
Strike for Pay Hike
BELGRADE, Yugoslavia - One-third of the 6,000-worker force at a textile plant in the southern Kosovo province went on strike and were demanding a 50 percent pay increase, the state Tanjug news agency reported.
The strikers, spinners and weavers at the plant in the town of Djakovica, walked off the job last Wednesday, the agency reported.
The plant's workers' council and municipal officials decided to increase wages by 30 percent retroactive to April 1, but the workers were not
The government is scheduled to lift a price freeze on May 15, when prices are expected to increase by up to 70 percent.
Japanese Agree to Buy
Calif. Country Club
LOS ANGELES - A Japanese real estate firm has agreed to pay $108 million for the 61-year-old Riviera Country Club, once a playground for such film stars as Douglas Fairbanks, Mary Pickford and Errol Flynn.
The firm won't be identified until the deal is closed, said officials of Laaco Ltd., the seller.
The proposed sale is a further example of a trend among Japanese investors to buy into sports-related U.S. properties, particularly golf courses.
NY Man Charged
With Smuggling Boas
NEW YORK - The owner of a tropical fish business was arrested and accused of smuggling 700 baby boa constrictors into the United States from Colombia, authorities said.
The snakes, a protected species in Colombia, were concealed in five boxes that were part of an otherwise-legal shipment of fish that arrived at Kennedy International Airport on March 7, U.S. Attorney Andrew J. Maloney said.
Agremiro Espana, 43, of Queens was charged with violating the federal Lacey Act, which outlaws the interstate or foreign transportation of illegally captured wildlife. That is punishable by up to five years in jail and a $250,000 fine.
For Fuel Violations
WASHINGTON - The federal government has fined Mercedes-Benz of North America $5.5 million for failing to meet federal fuel economy requirements in its 1985 model cars, the department announced.
Mercedes-Benz can challenge the enforcement action by the National Highway Traffic Safety Administration and seek to have it overturned by the agency's parent Transportation Department after hearings before an administrative law judge.
Trade Panel Dismisses