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USX-MARATHON, ASHLAND IN VENTURE \ TWO FIRMS WILL MIX OIL REFINING OPERATIONS
Reuters |
USX Corp. said its USX-Marathon Group subsidiary will form a joint venture with Ashland Inc. that co
BRIEFS
From Wire and Staff Reports |
UTILITY WINS ROUNDIN TAR-BASED FUEL FIGHTTALLAHASSEE, Fla. - Florida Power & Light Co. may y
AIR EXECUTIVES SAVAGE US ROLE IN AVIATION POLICY
Michele Kayal |
A blistering discussion paper circulating among top airline executives accuses U.S. aviation officia
CHINA'S ENTRY BID FOR WTO LOSES STEAM \ US OPEN-DOOR POLICY APPEARS TO BE CLOSING AT CRUCIAL TIME
John Maggs |
Just when the Clinton administration needs some sign that its open-door China policy is working, tal
SPOT PRODUCT PRICES
JOC Staff |
May 16, 1997U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
WRANGLING OVER WORDS DIMS HOPE FOR AMERICAS FREE TRADE
Kevin G. Hall |
With all of last week devoted to semantic karate over whether trade negotiators ''will'' or ''should
TROUBLED BRE-X WILL LEAVE INDONESIA
Associated Press |
Bre-X Minerals, the Canadian company at the center of a gold-mining scandal, said it will end operat
TRADE TABLE TUSSLE
Kevin G. Hall |
Along for the ride during the last three sessions of hemispheric trade talks, business executives fr
ENORMOUS GAS POOL IN CANADA AWAITS FINDER, GROUP SAYS
Jeffrey Jones |
Somewhere in Alberta, where thousands of natural gas wells already dot the landscape, the province's
DAILY PETROLEUM PRICES
JOC Staff |
Friday May 16, 1997Prevailing sellers' posted prices at the close of business, representing
BRIEFS
From Wire and Staff Reports |
EQUAL-ACCESS PIPELINEAIMS TO WEAKEN GAZPROMMOSCOW - The Russian government is to prepare a d
CASPIAN OIL ACCORD IS SET
Associated Press |
After five years of disputes, a coalition of oil companies and governments has agreed to build a $2
SEEING THE FOREST . . .
JOC Staff |
Photo only.
COST OF CREDIT
JOC Staff |
Friday, May 16, 1997Percentages Per Year INTERNATIONAL INTEREST RATESCanada U
BRIEFS
From Wire and Staff Reports |
NISSAN OPENS SECONDPLANT IN TENNESSEEDECHERD, Tenn. - Nissan has opened a second facility in
Maritime
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
The Center for International Business Cycle Research at |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, May 24, 1996 - May 16, 1997 (a graph)* A
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
FED LIKELY TO SIT TIGHT, KEEPING DOLLAR VULNERABLE, ANALYSTS SAY
Gordon Platt |
Only Alan Greenspan's barber knows for sure, but the leading Fed watchers are not looking for a rate
Maritime
FINANCIALLY TROUBLED OWNER SELLS JAMAICAN BANK
Canute James |
A Jamaican bank with subsidiaries in the United States and Guyana has been taken over by a governmen
FLORIDA WANTS TO BE FOCAL POINT OF FREE-TRADE AREA
Kevin G. Hall |
Florida Gov. Lawton Chiles has pressed the flesh in this working class Brazilian city and chatted up
Maritime
CAYMANS EXTRADITE FRAUD SUSPECT TO SWITZERLAND
Canute James |
A fugitive Swiss property developer, wanted on fraud charges in his homeland, has been extradited by
QUOTE TO NOTE
Uwe Durken, Executive Director, International Mail Deutsche |
''It's a much bigger game - it's thrilling. It's risky.''
Maritime
TRADE
From Wire and Staff Reports |
MAZDA TO CONSOLIDATENORTH AMERICAN UNITSIRVINE, Calif. - Mazda Motor Corp. said it plans to
Maritime
SNUB OF CUBA RILES CASTRO _ NO, NOT FIDEL
Kevin G. Hall |
Inside the Palacio das Artes here, trade negotiators from 34 countries meet behind closed doors to t
Maritime
CUSTOMS SUPPORTS CONCEPT OF OCEAN CARRIERS' AES PLAN \ EXECUTIVES TO FINE-TUNE AUTOMATION MODEL
Bill Mongelluzzo |
An ocean carrier plan to revamp Customs' controversial export automation program is gathering moment
Maritime
TRADELEADS
The following trade leads appear exclusively in print in The |
OFFERS TO BUY* SEAMLESS PIPE A335 P9 & FLANGES A182 F9. All prices c.i.f Alexandria, Egypt.
Maritime
US PAPERMAKERS' WORRY: A CLOSED JAPAN MARKET
Peter Tirschwell |
Last month's decision by U.S. Trade Representative Charlene Barshefsky to further press Japan to ope
Maritime
MAJOR GAINS AND DECLINES IN CARLOADINGS
Adapted from Weekly Railroad Traffic, Association of American |
Three weeks ended May 10, 1997, vs. similar 1996 periodCars Cars Loaded Loaded
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100%) is as follows
BRIEFS
From Wire and Staff Reports |
STRIKE BALLOTS MAILEDAS BA DISPUTE UNFOLDSLONDON - The union representing most cabin crew at
PEOPLE ON THE MOVE
From Wire and Staff Reports |
CONSOLIDATEDFREIGHTWAYS CORP.This Menlo Park, Calif., trucking company that spun off as a se
US FOREST PRODUCTS COMPANIES EYE NEW ZEALAND
Stephanie Nall |
With strict environmental restrictions in North America, U.S. forest products companies are increasi
Maritime
FOREST PRODUCTS MEET TO HACK AT MANY ISSUES
Gregory S. Johnson |
Transportation of forest products will come under review as leading paper and pulp executives conven
1997 LOOKING GOOD FOR WOOD
John Davies |
Continued demand for new houses and relatively high lumber prices are turning 1997 into another good
OUTPUT ON THE REBOUND \ N. AMERICAN MILL CLOSINGS SEEN LEVELING OFF AFTER ROUGH 10 YEARS
John Davies |
Forests in North America today are generating enough wood to supply both sawmills and paper manufact
CANADA: GOOD AND BAD NEWS \ NEWSPRINT UP NOW, BUT FLAT US DEMAND LOOMS
Courtney Tower |
After a disappointing performance last year, the near term looks good for Canada's newsprint industr
FOREST EXPORTS DRAW EXPERTS \ MOBILE POWWOW ON MARKETS AND SUPPLY
Journal Of Commerce Staff |
Forest products are among the nation's top exports, according to U.S. Census data. Exports of paper,
RECYCLING IS A FAMILY TRADITION AT MARCAL \ POLICY IS GOOD FOR BOTTOM LINE
Patricia B. Demetrio |
Recycling makes good economic sense at Marcal Paper Mills, a family-owned company whose slogan is ''
LATVIA LEVERAGES ITS LUMBER \ NATION SEEKS MORE FOREIGN INVESTMENT
Russ Banham |
What's roughly the size of West Virginia, covered almost entirely by forests, has a stable and conve
BRIEFS
From Wire and Staff Reports |
CHINA GRANTS INSURANCELICENSE TO FRENCH FIRMBEIJING - French President Jacques Chirac and Ch
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