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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, Oct. 27, 1995 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
US AGENCY SOWS SEEDS OF DEVELOPMENT TRADE BODY SUPPLIES GRANTS FOR AIRPORT FEASIBILITY STUDIES
AirCommerce Special |
Agrowing number of Latin American countries in need of better air cargo infrastructure are turning t
GALLUP LATIN AMERICAN SURVEY FINDS ECONOMIC STATUS TRANSCENDS BORDERS
Patricia Zengerle |
They live thousands of miles apart, but upwardly mobile consumers in Mexico and Argentina have more
Maritime
INTERNATIONAL CALENDAR
JOC Staff |
REGIONAL BLOCS U.S.-Ethiopia Trade and Economic Council's Annual Conference. Oct. 30
Maritime
DATA LINK - MARK LYON SLUGGISH AMS GETS OVERHAUL
Mark Lyon |
U.S. Customs' Automated Manifest System, its electronic arteries clogged with computerized messages,
CARNIVAL CORP. BUYS BONDS FROM KLOSTER
Knight-Ridder Newspapers |
Carnival Corp. bought $101.5 million worth of bonds issued by Kloster Cruise Ltd., giving Carnival s
Maritime
US SEES SOURCES SHIFT FOR HARDWOOD SUPPLY
Charles W. Thurston |
U.S. importers of hardwoods report that U.S. market shares held by the world's largest suppliers are
ITALY INDUSTRY JOBS DOWN 3.6 PERCENT ON YEAR
Knight-Ridder Financial |
Italian major industry employment was unchanged in July from June but dropped an annual 3.6 percent,
KELLOGG LANDS CONTRACT WITH RUSSIAN REFINERY
Knight-Ridder Financial |
Russia's Angarsk Petrochemical Co. has contracted with M.W. Kellogg Co. for a $70 million modernizat
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Oct. 27, 1995 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
IRAN BILL A DILEMMA FOR BACKERS, OPPONENTS PRESSING FOR VOTE, DELAYING ACTION BOTH CARRY RISKS
Michael S. Lelyveld |
While Senate support grows for sanctions against foreign companies that deal with Iran, advocates an
MEXICO'S ILLS PORTEND TOUGH TIMES FOR LATIN MARKETS
Kevin G. Hall |
The continuing weakness in Mexico's economy and its status as a benchmark for the rest of Latin Amer
NUCLEAR PROTEST FALLOUT ON FRENCH TRADE IS LIGHT
Tara Patel |
International protests over the resumption of French nuclear testing in the South Pacific have had l
Maritime
SWISS REPORT TRADE SURPLUS
Knight-Ridder Financial |
The Swiss trade balance was at a surplus of 582.6 million Swiss francs ($511.1 million) in September
A SLICE OF LATIN AMERICAN PIE
William Armbruster |
For carriers and freight forwarders making their way to Latin America, it's a case of "meter su cuch
GLOBAL WHEAT FORECAST CUT AGAIN
Reuters |
An authoritative grain body made a further cut in its world wheat output forecast for 1995 last week
Maritime
NO EASY WAY TO REFORM THE FAA
Lisa Burgess |
There are no easy answers to reforming the Federal Aviation Administration, especially when it comes
CALENDAR
JOC Staff |
Traffic Club of New York. Oct. 31. Education luncheon on "Liability Limitations in International Int
WEEKLY RAIL FREIGHT REPORT
JOC Staff |
For the week ended Oct. 21, total piggyback freight hauled on the nation's major railroads equaled 1
MARITIME BRIEFS
Wire and Staff Reports |
AWO APPOINTS TWO EXECUTIVESWASHINGTON - The American Waterways Operators has added t
Maritime
US TO FUND REPAIR OF S. CAROLINA HIGHWAYS
Journal of Commerce Staff |
The Federal Highway Administration has awarded $5.9 million in emergency relief funds to South Carol
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Oct. 27, 1995Brent Crude Oil - (Dollars Per Barrel)
PROPELLED INTO THE 21ST CENTURY
Tom Genaydin |
With great fanfare, Aeroflot Russian International Airlines announced this month that it had leased
CYBERSPACE GETS NEW TENANT: WORLD BANK INVESTMENT NETWORK
Charles W. Thurston |
Guess who's coming to cyberspace? The Multilateral Investment Guarantee Agency, the World Ba
US DOLLAR TO TREMBLE AS INVESTORS ABANDON THE AMERICAS, TRADERS SAY
Gordon Platt |
Currency traders are viewing the Americas as a bloc, which is not good news for the U.S. dollar.
JAPAN EXPRESSES DISTRUST AFTER US BACKTRACKS ON CIA
Reuters |
Japan made a rare public statement of distrust in the United States on Friday, after Washington said
Maritime
NEWS & VIEWS
_ C.D. |
BIG CHANGES ARE COMING at Air France's cargo division and it may not be a pretty sight. Airl
POWER SECTOR TO OPEN IN SRI LANKA AS PRIVATIZATION GATHERS MOMENTUM
N. Vasuki Rao |
Privatization in Sri Lanka appears to be picking up steam. The government has just called fo
Maritime
CHILE'S INDUSTRY POISED FOR GROWTH
Charles W. Thurston |
Chile's growing forest products industry has a resource base increasing at a rate that perhaps no co
MAJOR GAINS AND DECLINES IN CARLOADINGS
Adapted from Weekly Railroad Traffic, Association of American |
Three Weeks Ended Oct. 21, 1995, vs. Similar 1994 Period Cars CarsLoaded Loaded
DAIDO TO INVEST $200 MILLION IN NEW BANK
Associated Press |
Daido Mutual Life Insurance Co. formally decided to invest 2 billion yen ($200 million) in a new ban
ROADWAY EXPRESS PLANS TO CONSOLIDATE TERMINALS TOTAL WILL DROP BY 155 IN 2 YEARS
Chris Isidore |
Roadway Express Inc. announced plans Friday to consolidate 200 smaller satellite terminals, a key pa
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Thursday at 241.92 up 0.15 w
UTILITIES SEEK TO CUT RATES IN JAPAN
Associated Press |
Japan's 10 power utility companies applied for approval from the Ministry of International Trade and
NEW PRESIDENTSAYS AMOCO'S MORE AGILE AFTER CUTBACKS LOWRIE LAUDS '94 OVERHAUL
David Young |
Amoco Corp.'s reorganization last year, which eliminated 3,800 jobs and will save an estimated $600
BALTIC FREIGHT INDEX
JOC Staff |
1559 (Oct. 27, 1995) Previous day - 1576 The Baltic International Freight Futures Market in
Maritime
150 MORE PART-TIMERS GET THE CALL FOR FULL-TIME JOBSAT LA, LONG BEACH
Bill Mongelluzzo |
Waterfront employers and the International Longshoremen's and Warehousemen's Union are betting that
Maritime
ON THE WATERFRONT... - BARRY HOROWITZ TRANSPORT MANAGERS MUST SHOW SALES REPS R-E-S-P-E-C-T
Barry Horowitz |
The likelihood that this country's international ocean transportation industry will be deregulated o
Maritime
2 CALIFORNIA PORTS FACE 2ND WALKOUT BY TRUCK DRIVERS PROBLEMS PERSIST DESPITE '93 RALLY
Bill Mongelluzzo |
Independent truck drivers are planning to rally Tuesday at the ports of Los Angeles and Long Beach t
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