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PARIS: IRAN HAS NO RIGHT TO CURB PASSAGE IN STRAIT
(Ap) |
Iran does not have the right to interrupt international navigation in the Strait of Hormuz where it
Maritime
FINANCIAL BRIEFS
From Wire and Staff Reports |
French Treasury Sets Major Bond OfferingThe French Treasury will offer bonds totaling 4-6 bi
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
COST OF CREDIT
JOC Staff |
Tue., Aug. 4, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
TRUCKING BRIEFS
From Wire and Staff reports |
Mack Awaits Contact From 57 EmployeesALLENTOWN, Pa. - A spokesman for Mack Trucks Inc. said
Trucking News
NEW FED BOSS FACES HARD CHOICES
(Ap) |
As the Federal Reserve Board undergoes a change of command, there is considerable dispute about how
ROCKY MOUNTAIN TRUCKERS HIKED RATES LEGALLY, COMMISSION RULES
Leo Abruzzese |
Truckers in the Rocky Mountain rate bureau did not break the law by individually raising freight rat
Trucking News
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
ENERGY BRIEFS
Wire and Staff Reports |
Natural Gas Sector Sees Gains in ItalyThe share of natural gas used for heating in Italy inc
ON THE MOVE MIDLAND BANK UNITS NAME WARD CHIEF
Staff Report |
John W. Ward was named to the new positions of president and chief executive of Midland America Corp
SNYDER OIL BUYS FOUR PROPERTIES
Journal of Commerce Staff |
Snyder Oil Partners L.P. announced that it has acquired four oil and gas properties with a total val
INDONESIA URGES OPEC RESTRAINT ON OUTPUT HIKES
P.T. Bangsberg |
There is no justification for a rise in output by members of the Organization of Petroleum Exporting
EXPORT BRIEFS
From Wire and Staff Reports |
US Eases Controls On Exports to FinlandThe Commerce Department relaxed strategic licensing c
Maritime
US, EC INCH CLOSER TO SETTLING PASTA WAR
(Ap) |
U.S. and European Community top trade negotiators entered into direct contact Tuesday in efforts to
NORTH-SOUTH TALKS ENTER NEW PHASE
Anne Meade |
The North-South dialogue may be entering a new phase marked by a spirit of cooperation and pragmatis
US REFUSES TO YIELD TO JAPAN
Anne Meade |
Japan failed to win any concessions from the United States in a first round of bilateral talks here
NEWS SUMMARY
JOC Staff |
AIR CARGO Northern Air Freight's strategy calls for achieving an equal balance between its d
IBM EXPANDS SYSTEM'S SCOPE
Journal of Commerce Staff |
International Business Machines Corp., as expected, Tuesday broadened the scope of its Personal Syst
THE ECONOMY
From Wire and Staff Reports |
Construction Contracts Rose 9 percent, Report SaysConstruction contracting rose 9 percent in
BANK REFORM BILL GOES TO PRESIDENT
Leah R. Young |
The Senate Tuesday passed far-reaching banking legislation that now goes to President Reagan for his
WORLD TODAY
From Wire and Staff Reports |
US, Sweden Investigate Computer SmugglingSTOCKHOLM, Sweden - U.S. and Swedish authorities ar
CARRIERS SIT OUT ECONSHIP BIDDING
James Nolan |
The worldwide shipping industry has rendered summary judgment on Malcom McLean's dream containership
IMPORT FAIRS
From Wire and Staff Reports |
Caribbean Products To Be Shown in NYOver 100 U.S. and Caribbean companies will participate i
Maritime
TENSION IN MIDEAST BOOSTS TANKER CHARTER RATES
Janet Porter |
Tanker owners have been able to command considerably higher charter rates over the past week as tens
PAN AMERICAN BUYS GOLD STAKE
Journal of Commerce Staff |
Pan American Gold Inc. of Indialantic, Fla., announced its purchase of a 25 percent interest in two
Maritime
OIL INDUSTRY ATTACKS PROPOSAL FOR UNDERGROUND TANK STANDARDS
Pamela L. Wolfe |
The U.S. Environmental Protection Agency says thousands of underground storage tanks are leaking int
AMERICAN AIRLINES UNIT EXPANDS IN BARBADOS
Canute James |
A subsidiary of American Airlines, which processes the company's ticketing data in Barbados, is expa
Maritime
IMPORT BRIEFS
From Wire and Staff Reports |
Anti-Friction Bearings Are Object of ProbeThe International Trade Administration division of
Maritime
SWEDISH FIRM TO ACQUIRE GENERAL ELECTRIC OPERATION
Journal of Commerce Staff |
General Electric and Seco Tools AB of Sweden have signed an agreement for the Seco to acquire GE's C
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
982.5 (Aug. 3) Previous day - 976.5 The Baltic International Freight Futures Exchange in Lon
Maritime
FORWARDER BOND PLAN DRAWS LITTLE REACTION
Robert F. Morison |
A request that the Federal Maritime Commission redefine the limits of forwarder bonds barely has dra
Maritime
CANADA RAFT ACCIDENT KILLS 5 US EXECUTIVES
(Ap) |
Five U.S. advertising executives were killed when their inflatable raft pitched sideways in fast-mov
FREIGHT RATE FUTURES
JOC Staff |
Aug. 3 Baltic International Freight Futures ExchangePrev.Close High Low
Maritime
CHINA PLANNING BIG NEW PORT
Gary Aderman |
China is going forward with an ambitious, US$1 billion-plus effort to turn this fishing village bare
Maritime
THE ECONOMY PRODUCTIVITY INCREASES BY 1.4 PERCENT
From Wire and Staff Reports |
The nation increased its efficiency in producing goods and services at an annual rate of 1.4 percent
SPOT PRODUCT PRICES
JOC Staff |
August 3, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon,
SAUDIS PROTEST OVERPRODUCTION
(Ap) |
Saudi Arabia has lodged a formal complaint with the president of OPEC about substantial quota overpr
OIL SERVICE FIRMS HOPEFUL, YET CAUTIOUS ABOUT FUTURE
(Ap) |
For the first time in more than a year, officials of oil service companies - among the hardest hit b
CONSUMERS TO BUY CANADIAN GAS
Journal of Commerce Staff |
Consumers Power Co. will import natural gas from a Canadian supplier for the first time starting in
ENERGY BRIEFS
Wire and Staff Reports |
Brazil's Petrobras Posts First LossRIO DE JANEIRO, Brazil - Petrobras, Brazil's state oil co
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