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ALEXANDER SETS UP NEW FACILITY
Journal of Commerce Staff |
Alexander & Alexander Inc. said three insurance companies agreed to back a new insurance facility fo
JAPANESE BANKS TO FUND INDONESIAN LPG PROJECT
(Ap) |
A group of Japanese banks, led by the Export-Import Bank of Japan, will provide five Japanese tradin
A YEAR TO REMEMBER AT SYDNEY EXCHANGE
Vincent W. Stove |
For the Sydney Futures Exchange, 1986 was a year to remember. Signalling the beginning of w
COST OF CREDIT
JOC Staff |
Monday, January 5, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
UK SURVEY PREDICTS DECLINE IN POUND STERLING BY YEAR-END
Knight-Ridder Financial |
The pound sterling will fall to $1.45 and yields on 14-year gilt bonds will rise to 10.9 percent by
US TARIFF CUTS FAVOR SINGAPORE HONG KONG ALSO GAINS FROM PREFERENCE REVIEW
P.T. Bangsberg |
The government of Singapore expects a boom in high-technology exports to the United States as a resu
Maritime
LABOR MINISTER APPOINTED
Journal of Commerce Special |
After over a month of hesitation, President Corazon C. Aquino has appointed a former management att
Maritime
DEFICIT TARGET COULD PROVE ELUSIVE BUDGET PLAN FACES REVISION
John Boyd |
The Reagan administration will need help in achieving a fiscal 1988 budget def icit of $107.8 billio
AMTRAK COLLISION TO BE INVESTIGATED
(Ap) |
Rescue workers using cranes pulled more bodies out of a crumpled Amtrak train Monday that derailed a
BIG THREE AUTO SALES SOARED IN MID-MONTH
(Ap) |
Car sales by the Big Three domestic automakers soared in mid-December to 26.3 percent above December
JAPAN'S BUILDING SECTOR MAY BE REVIEWED BY US
Richard Lawrence |
Japanese construction firms operating in the United States may be danger of an antitrust review.
ON THE MOVE
Staff Report |
McDonnell NamesWorshamST. LOUIS - McDonnell Douglas Corp. named James E. Worsham cor
MARITIME BRIEFS
From Wire and Staff Reports |
British Company Changes Its NameThe word Shipping has been dropped from the name of a long-
Maritime
RAIL PROPOSES TO BID FOR SP KCS OFFERS ALTERNATIVE TO SANTA FE-SP MERGER
David M. Cawthorne |
The Kansas City Southern Railroad put itself forward as an alternative to the proposed merger of the
IRISH WORKERS LEAVE JOBS IN DISPUTE OVER PRODUCE
(Ap) |
Supermarket workers who struck for nearly two and a half years rather than handle South African frui
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
Flying Tiger Line Cancels Cargo ContractFlying Tiger Line said it canceled its contract last
ENERGY BRIEFS
From Wire and Staff Reports |
Baker Opposes Fee On Oil ImportsJames Baker, U.S. treasury secretary, said he opposes a fee
HADSON ACQUIRES WESTERN NATURAL
Journal of Commerce Staff |
Hadson Corp. said its subsidiary, Hadson Gas Systems Inc., purchased 100 percent of the common stock
SEC, CFTC FARE WELL IN FISCAL '88 BUDGET
Knight-Ridder Financial |
Both the Securities and Exchange Commission and the Commodity Futures TradingCommission fare
DOLLAR RISES TEMPORARILY ON BUNDESBANK INTERVENTION
Knight-Ridder Financial |
The U.S. dollar moved higher Monday morning when the West German central bank en tered the market to
ENERGY BRIEFS
From Wire and Staff Reports |
Eastern Utilities Buys Citizens Heat & PowerEastern Utilities Associates said it completed t
TV REPORTER CLEARED OF LIBEL IN '20-20' SHOW
(Fort Lauderdale News & Sun-Sentinel) |
Splashy TV reporter Geraldo Rivera did not libel a Palm Beach Jai Alai executive by implying that he
SEAWAY TEAM TO TRAVEL TO EUROPE
Journal of Commerce Staff |
A delegation of U.S. and Canadian representatives will head for Europe next month to promote use of
Maritime
THAI BANKERS SEE INCREASED GROWTH
(Ap) |
Two bankers predicted that Thailand's economy will grow by at least 5 percent this year, slightly hi
Maritime
WEST COAST BRIEFS
From Wire and Staff Reports |
Environmentalists Hit Redwood Logging PlanSCOTIA, Calif. - A company's plan to double its pr
Maritime
DEFICIT TARGET COULD PROVE ELUSIVE 2 TRANSPORT PLANS HAVE CHANCE
David M. Cawthorne |
Only two surface transportation proposals in the president's new budget, involving highway funding a
ASIA FACES MIXED ECONOMIC PROSPECTS IN '87
P.T. Bangsberg |
The outlook for Asia's principal trading economies this year is brighter than 12 months ago, but muc
TOURISM BOOM FORECAST CARIBBEAN HAS HIGH HOPES FOR '87 SEASON
(Ap) |
Hotels, airlines and governments throughout the Caribbean are The ornate El San Juan Hotel reopened
Maritime
FOREIGN HEADLINES
From Wire and Staff Reports |
India Voices Concern COLOMBO, Sri Lanka - India expressed concern Monday over economic sanct
Maritime
CANADIAN P/C INSURERS EXPERIENCE REBOUND
Leo Ryan |
Property and casualty firms in Canada more than doubled profit in the first nine months of 1986, con
HARPER GROUP, YS LINE FORM JOINT VENTURE
Journal of Commerce Staff |
Harper Group, a San Francisco-based transportation concern, and Yamashita- Shinn ihon Steamship Co.
JANUARY 'BAROMETER' STIRS DEBATE
JOC Staff |
For followers of stock market "indicators," one of the busiest times of the year is at hand.
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
PENNWALT ACQUIRES AEROSOL COMPANY
Journal of Commerce Staff |
Pennwalt Corp. acquired Pharmasol Corp., a specialized aerosol developer and manufacturer in Easton,
FEW FIRE AT MILITARY PLAN
Ronald E. Yates |
A decision last week to scrap a decade-old, self-imposed ceiling on military spending has generated
Maritime
JAPANESE MINISTER ORDERS REVIEW OF RICE CONTROL LAW
(Ap) |
Japan's agriculture minister ordered a review of Japan's food control system aimed at lowering price
US COMMISSARIES TARGETED FOR DAIRY BOARD PROMOTION
(Ap) |
The National Dairy Board, which is financed by the nation's milk producers, says one of its 1987 pro
FINANCIAL BRIEFS
From Wire and Staff Reports |
Baker Says Fed Policy 'Is Quite Adequate'Treasury Secretary James Baker endorsed the Federal
FRENCH PORT WORKERS, SEAMEN CALL OFF STRIKE
Howard Schissel |
A strike by French seamen and port personnel in effect since mid-December was called off after the g
EC GRANTS $58 MILLION TO 12 COUNTRIES
(Ap) |
The European Community Commission has approved development grants totaling 53.3 million European Cur
Maritime
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