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AUSTRALIAN CRITICIZES S&P DEBT DOWNGRADING
Journal of Commerce Staff |
Federal Treasurer Paul Keating criticized the action of Standard & Poor's corp. in lowering Australi
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
FARM LENDERS FEAR CHAPTER 12 FILINGS
Dirck Steimel |
Farm lenders, already reeling from a weak agricultural economy, are bracing for another round of far
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
FARM INCOME, EXPORTS SEEN RISING
(Ap) |
Next year should bring some improvements in farm income and agricultural exports, and consumers will
DOLLAR DROP REVERSES UPTREND
Knight-Ridder Financial |
The U.S. dollar turned lower around midday Wednesday, reversing the uptrend in effect during the mor
GREECE LOOKS TO EC FOR FURTHER AID
Victor Walker |
In a move expected to ensure continuation of emergency European Community assistance, the Greek gove
Maritime
FINANCIAL BRIEFS
From Wire and Staff Reports |
Deutsche Bank to Buy BankAmerica UnitFRANKFURT, West Germany - Deutsche Bank AG said it agre
COST OF CREDIT
JOC Staff |
Wednesday, Dec. 3, 1986 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
FOREIGN HEADLINES
From Wire and Staff Reports |
Sudan Bank Fraud KHARTOUM, Sudan - Government investigators unearthed bank fraud so massive
Maritime
RAIL EXTENSION APPROVED FOR LONDON COMPLEX
Journal of Commerce Staff |
A 1.5 billion ($2.1 billion) U.S.-led project to develop a major financial complex in East London l
Maritime
SUMMIT ON DEBT TO BEGIN
Journal of Commerce Staff |
Treasury Secretary James Baker and U.S. Trade Representative Clayton Yeutter will be among the speak
Maritime
BRAZILIANS SPLIT ON DEBT POLICY FOES SAY HARD-LINERS FIGHTING FROM A POSITION OF WEAKNESS
James Bruce |
Threats of a hard-line Brazilian stance toward international creditors rest on an eroding foundation
Maritime
SHRINKING TRADE GAP FORECAST
Knight-Ridder Financial |
The U.S. trade deficit will be $25 billion to $40 billion narrower in 1987, causing an increase in U
ON THE MOVE
-Staff Report |
Insurer AppointsThree VPsCapital Guaranty Insurance Co. said Kurt Guen, Helene F. Ja
YEUTTER DASHES HOPES ON TRADE
Helen Ericson |
U.S. Trade Representative Clayton Yeutter is not optimistic that the new Congress will produce legis
FREE TRADE TOPS EC AGENDA
Janet Porter |
The recent acceleration of progress toward dismantling economic barriers within the European Communi
TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWSSales of new single-family homes in the United States fell 9 percent in October.
THE ECONOMY
From Wire and Staff Reports |
New Home Sales Fell 9 percent in OctoberSales of new single-family homes in the United State
GM EMPLOYEES RETURN TO WORK
(Ap) |
Workers at five more General Motors Corp. assembly plants were back on the job Wednesday for the fir
BUSINESS PANEL DETAILS TOP CONSUMER CONCERNS
(Ap) |
Fraudulent advertising and a variety of financial concerns are the top consumer problems facing regu
LAVA HOT, CLAIMS ARE NOT
Alan Herbert |
Volcanic eruptions are among the most awesome sights nature can create. But since most peopl
RYDER FIRM ON ENGINES
Michael S. Lelyveld |
Ryder Truck Rental is cooling its rhetoric but says it will keep the heat on engine makers to set in
CHINA EYES HIKE IN RETAIL SALES
(Ap) |
China's retail sales will reach 560 billion yuan ($150 billion) in 1987, up 13 percent from this yea
CORPORATIONS SCORE ON 'DIVIDEND PLAYS'
Gordon Platt |
Corporate treasurers and financial institutions are "capturing" six or more quarterly dividends in t
S. AFRICA, REST OF CONTINENT ON TRADE REBOUND
Tony Koenderman |
Trade between South Africa and the politically hostile black-ruled nations of Africa has experienced
BAILEY TO HEAD NEW MBIA, RETAIN POLICY ROLE AT AETNA
C.A. Carpenter |
William O. Bailey, president of Aetna Life & Casualty Co., is giving up half his job at the nation's
ICAHN SHOPPING FOR ANOTHER CARRIER TO GROUND RISING TWA COSTS
Kevin D. Thompson |
Trans World Airlines is shopping for another airline to keep TWA profitable, Carl Icahn, TWA chairma
DISTILLATE SUPPLIES DIP
Journal of Commerce Staff |
Supplies of distillate fuel declined while gasoline stocks rose, according to the American Petroleum
SPOT PRODUCT PRICES
JOC Staff |
December 3, 1986 U.S. spot oil products price indications, sellers range, in cents per gallo
IRAQ PUSHES QUOTA
Journal of Commerce Special |
Iraq's oil minister Qassim Taki Al-Oraibi said his country would push for an equal production quota
INSIDE TALK ON ENERGY
Sam Glasser |
EVER NOTICE HOW DIFFERENT PEOPLE sometimes come up with the same conclusions? Shortly after
LAST APPLICATIONS FOR BRITISH GAS ARRIVE
(Ap) |
Bank clerks began sifting through the last of millions of applications for shares in British Gas aft
ARCO UNIT TESTS INDONESIAN WELL
Journal of Commerce Staff |
Arco International Oil and Gas Co. said its Indonesian unit successfully tested the NF-1 exploratory
ENERGY BRIEFS
From Wire and Staff Reports |
Egypt Will Maintain Oil Export PricesCAIRO, Egypt - Egypt decided to maintain present oil ex
SCHERING-PLOUGH EXPECTS EARNINGS GROWTH
Journal of Commerce Staff |
Schering-Plough Corp. increased its earnings substantially this year and expects them to increase ag
PIPELINE DISPUTE SETTLED ARGENTINA, NETHERLANDS REACH ACCORD ON DEBT
Jeremy Morgan |
Argentine government officials claim to have reached an agreement in principle on resolving the prot
UNIROYAL DISTRIBUTES ASSETS
Journal of Commerce Staff |
Uniroyal Inc. said that it has completed its previously announced plan of paying off debts and dist
LONE COAL MINER READY TO QUIT
(Ap) |
After 37 years working a one-man coal mine, Ralph Bloom says he's ready toquit because of st
CHANNEL EXECUTIVES GAIN CONTROL OF UNIT
(Ap) |
Executives of W.R. Grace & Co.'s Channel division say they acquired the unit in a $250 million lever
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