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BRIEFS
From Wire and Staff Reports |
STATE FARM TO INCREASECALIFORNIA HOME RATESHomeowners in California whose homes are insured
PROFITS UP, JAPANESE INSURERS CUT DIVIDENDS
Staff And Wire Reports |
Seven of the eight major Japanese life insurers saw a dramatic increase in profits last fiscal year,
HONG KONG UNVEILS PENSION FUND RULES \ INSURERS CRITICIZE INVESTMENT GUIDELINES AS ANTI-COMPETITIVE
P.T. Bangsberg |
Specific guidelines on investment by managers of Hong Kong's compulsory retirement program were rele
NEW JERSEY PLANS REVIEW OF HEALTH LAW
Associated Press |
New Jersey Insurance Commissioner Elizabeth Randall has announced she will convene a ''summit'' on J
REGION READY FOR MASSIVE INVESTMENT
Paula Green |
Latin America is expected to let loose with a $40 billion technological buying spree through the end
Maritime
SPOT PRODUCT PRICES
JOC Staff |
June 7, 1996U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
BRIEFS
From Wire and Staff Reports |
TAIWAN TO APPEAL CUTOFFOF NUCLEAR PLANT FUNDSTAIPEI - Taiwan's Cabinet said it would appeal
CANADA'S LEADING BANKS LOBBY FOR RIGHT TO MERGE
Darren Schuettler |
Canada's major banks, fearing they will lose more ground to bigger foreign rivals in global markets,
Maritime
OAS: CUBA WON'T SPLIT TRADE UNITY IN AMERICAS
Gilles Trequesser |
Growing economic integration in the Americas will not be derailed by the thorny Cuban issue splittin
Maritime
BRIEFS
From Wire and Staff Reports |
S. KOREA WARNS: DON'TACCESS NORTH'S WEB SITESSEOUL - South Korea has warned its public again
Maritime
"RICE BOAT' TO N. KOREA LURES YOUNG JAPANESE
Coco Kubota |
A bring-your-own-rice cruise to North Korea, being organized by Japan's non-governmental organizatio
Maritime
BRIEFS
From Wire and Staff Reports |
YELTSIN BEGINSSERIES OF GIVEBACKSMOSCOW - The first phase of President Boris Yeltsin's plan
Maritime
CHECHNYA'S SHARE OF OIL TRANSIT FEES MAY FALL SHORT
Michael S. Lelyveld |
Chechnya's share of transit fees for carrying Caspian Sea oil to the West are likely to provide only
Maritime
PERMIT TO BUILD DOCK IN MEXICO DRAWS ATTENTION OF NAFTA PANEL
Kevin G. Hall |
Environmentalists are welcoming a decision by the North American Commission on Environmental Coopera
Maritime
MEXICO'S CHIEF OF STATE ON TRIP TO CANADA
Kevin G. Hall |
President Ernesto Zedillo Ponce de Leon heads north today on the broadest trade and investment missi
Maritime
UNEXPECTEDLY HIGH EMPLOYMENT GAIN IN MAY WAS FUELED BY TRANSPORT JOBS
Tom Connors |
Trucking and other transportation industries shared in the surprisingly big May jump in nonfarm payr
Maritime
CHEMICAL PRICES
Compiled By Rosalie Spiller, Journal Of Commerce Chemical |
As of June 7, 1996Quotations are based on prices reported in the market or obtained from sup
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Thursday at 248.68 up 1.23 w
COLOMBIA'S MEAN BEAN MACHINE
Gilles Castonguay |
Colombia's coffee industry may be on the brink of a revolution thanks to a machine that processes be
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,300-$1,500 per ton lots
UP REJECTS $1.9 BILLION BID FOR PART OF SP \ EACH SIDE CLAIMS SHIPPER SUPPORT
Rip Watson |
Union Pacific Corp. rejected Conrail's sweetened $1.9 billion offer to purchase a key portion of Sou
WASTEPAPER MOVEMENT
WILLIAM DiBENEDETTO |
You can read wastepaper exports like pulp fiction.The story line is almost always the same.R
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
COST OF CREDIT
JOC Staff |
Friday, June 7, 1996(Percentages Per Year) INTERNATIONAL INTEREST RATESCanada
BIG GAIN IN JOBS EXPECTED TO FEED FURTHER RALLY IN DOLLAR, ANALYSTS SAY
Gordon Platt |
The eye-popping increase in jobs last month has reawakened fears of a rise in U.S. interest rates as
BALTIC FREIGHT INDEX
Journal of Commerce |
The Baltic Freight Index is a daily indicator of world bulk shipping freight rate levels.
REPAIRS CREATE BACKLOG AT CANAL OF 15-TO-20 DAYS
Tom Baldwin |
The Panama Canal Commission says it will take 15-to-20 days to drain off the backlog of ships delaye
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 |
BILL BACKED TO AIDALAMEDA CORRIDORLOS ANGELES - A bipartisan group of House and Senate leade
JOFC BUYS AIR CARGO MAGAZINE FROM K-III
JOC Staff |
Air Cargo World, a 54-year-old monthly magazine, has been acquired by The Journal of Commerce Inc.,
SHIP RATING GROUPS DEBATE HOW TO LOAD BULK CARRIERS
Janet Porter |
Two leading ship classification societies are at odds with each other about the best way to load bul
PORT SEEKS OPERATOR FOR STATEN ISLAND RAIL
Gregory S. Johnson |
The Port Authority of New York and New Jersey, after several fits and starts, plans next month to se
MALL TO TOP NJ DREDGE WASTE
Ravi Nessman |
Government officials have come up with a truly New Jersey solution for disposing of contaminated sil
MARYLAND OKAYS PLAN TO EXPAND CONTAINMENT SITE NEAR PORT OF BALTIMORE
Journal Of Commerce Staff |
Maryland has approved the enlargement of a containment site near Baltimore that will meet the port's
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
The Center for International Business Cycle Research at |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, June 9, '95, - June 7, '96 (a graph)(2)D
OVERSEAS AID UP 9 PERCENT FOR JAPAN
Reuters |
Japan's official development assistance increased to $14.7 billion in 1995, up about 9 percent from
Maritime
BRIEFS
From Wire and Staff Reports |
WISCONSIN CENTRAL TAKINGCHARGE OVER CSXT RULINGROSEMONT, Ill. - Wisconsin Central Transporta
BALTIC FREIGHT INDEX
JOC Staff |
1322 (June 7, 1996) Previous day - 1331The Baltic International Freight Futures Market in Lo
PARALLEL MARKET FOREIGN EXCHANGE RATES*
Currency Data & Intelligence Inc., New York. |
AS OF APRIL 30, 1996Parallel Market Foreign Exchange Rates are based on unofficial, non-docu
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Knight-Ridder Financial, TNT, |
GLOSSARYAR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
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