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TRADE BRIEFS
Wire and Staff Reports |
SENATE BACKS PRESIDENT ON TELECOM SALE RULESWASHINGTON - The Senate has approved an
Maritime
NORWEGIAN OWNERS RAISE SAFETY CONCERNS IN US
Journal of Commerce Staff |
The Norwegian Shipowners' Association said its members share the concerns of tanker owners about the
Maritime
BOARD WON'T BE PURGED, AFL-CIO INSURGENTS SAY
Tim Shorrock |
Leaders of a group seeking to replace the leadership of the AFL-CIO said they will not seek the remo
Maritime
CHINESE EXPORT STRENGTH FUELS TRADE VOLUME RISE
P.T. Bangsberg |
China's trade volume topped $100 billion in the first five months of the year, powered by continued
Maritime
GLASS-STEAGALL REPEAL NEARER TO HOUSE FLOOR
From Wire and Staff Reports |
A bill aimed at repealing Glass-Steagall act restrictions against banks was voted out of the House C
INSURANCE BRIEFS
Wire and Staff Reports |
ASSIGNED-RISK CHANGE GETS NOD IN TEXASOfficials of the state's assigned-risk plan for auto i
TRANSPORT BRIEFS
Wire and Staff Reports |
CLINTON'S BUDGET CUTS LIKELY TO MATCH GOP'SWASHINGTON - The budget plan outlined by
MORE US GRAIN MIGHT MOVE VIA CP RAIL
Knight-Ridder Financial |
U.S. companies have been moving U.S. grain along CP Rail System could boost their use of the Canadia
TRAFFIC DECLINE PROMPTS CONRAIL TO CUT 600 JOBS
Rip Watson |
Conrail Inc. is cutting nearly 600 jobs on July 1 as part of a broad belt- tightening response to sh
US AND JAPAN COOL RHETORIC, SET NEW CAR TALKS HOPE RENEWED ON BEATING SANCTIONS DEADLINE
Mark Magnier |
The United States and Japan took a first step Wednesday toward breaking the auto trade impasse when
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of June 14, 1995 Quotations are based on prices reported in the market or obtained from s
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
SPOT COMMODITIES
JOC Staff |
June 14, 1995 Included are list prices of suppliers. Quotations do not necessarily represent
GRAIN IMPORTS LIKELY TO SOAR IN CHINA OVER NEXT 5 YEARS
Reuters |
China's grain imports are expected to nearly triple in the next five years to record levels, accordi
MARKET PRESSURES CONTINUE TO BUILD FOR CALIFORNIA'S SMALL OIL REFINERS
Deena Beasley |
With their ranks already thinned significantly over the past several years, California's smaller-sca
DOCKERS END STRIKE IN SANTOS WALKOUT CONTINUES AT RIO
Knight-Ridder Financial |
Some 6,200 dockworkers at Brazil's key port of Santos returned to work Wednesday, ending a two-day s
Maritime
GROUPS' "DIRTY DOZEN' CUTS INCLUDE MARITIME PROGRAMS
Stephanie Nall |
Corporate welfare programs came under attack this week as three groups from across the political spe
Maritime
TELECOM FIRMS HELP SUMMIT ATTENDEES MAKE CONNECTIONS
Milan Ruzicka |
From a telecommunications perspective, the Group of 7 summit beginning today in Canada is roughly eq
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
June 14, 1995 No. 4/ No. 6/ No. 6/1% 1% 0.5%
UKRAINE LOOKS WESTWARD FOR AID TO BUILD TERMINAL
Geoff Winestock |
Ukraine has big plans to build a huge oil import terminal at the bulk port of Yuzhny on the Black Se
CHAIRMAN OF GRAIN ASSOCIATION URGES AN OVERHAUL OF US EXPORT PROGRAMS
Patrick Kelly |
U.S. agriculture export programs need to be revamped and their uses expanded to encourage the United
BUNKER PRICES SLIDE IN SINGAPORE _ AND REST OF E. ASIA FOLLOWS
Knight-Ridder Financial |
A sharp downward move in bunker fuel oil here has set the tone for the whole of East Asia, with litt
ARGENTINA CENTRAL BANK CHANGES BRANCH RULES
Knight-Ridder Financial |
Argentina's Central Bank imposed a new authorization system Wednesday for banks to open branches, en
RATINGS FIRMS GIVE ITT PLAN FOR SPINOFF A CONDITIONAL OK
Margo D. Beller |
ITT Corp.'s plans to spin off ITT Hartford Insurance Group into a publicly held company won the cond
ZURICH CLOSES HOME TAKEOVER FOLLOWING APPROVAL IN 7 STATES
Journal of Commerce Staff |
The Swiss-based Zurich Insurance Group completed its takeover of the Home Insurance Co. Monday after
FREIGHTLINER RETAINS LEAD AS TRUCK SALES FLOURISH
Michael S. Lelyveld |
Freightliner Corp. continued to top the heavy-truck market as manufacturers posted record May sales,
KCS GETS ICC NOD TO CONSTRUCT RAIL LINE
Journal of Commerce Staff |
Kansas City Southern Railway Co. has taken a giant step to its goal of building its own track into a
END OF CHILD LABOR MAY MEAN CHILD STARVATION BANGLADESH URGED TO DO MORE THAN FIRE YOUTHS
Shahriar Shahid |
International demands to abolish child labor in Bangladesh's clothing industry threaten the welfare
Maritime
SULLOM VOE CRUDE EXPORTS RISE 68 PERCENT
Knight-Ridder Financial |
Crude-oil exports from the U.K. Sullom Voe oil terminal rose by 68 percent in the week ending Tuesda
FREIGHT RATE FUTURES
JOC Staff |
June 14, 1995 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
PORTS URGED TO FORM PARTNERSHIPS IN FACE OF BOX OPERATORS' ALLIANCES
WILLIAM DiBENEDETTO |
One way for ports to cope with container operators' burgeoning urge to form major global ship-sharin
Maritime
SURFING THE INTERNET CAN NOW LEAD TO TACOMA AS PORT OPENS HOME PAGE
Journal of Commerce Staff |
Surfing the Internet can now take one into the Port of Tacoma, Wash., for all kinds of information a
Maritime
UK MACHINE TOOL SALES RISE 18.3 PERCENT
Knight-Ridder Financial |
The sales of U.K. machine tools rose a seasonally adjusted 18.3 percent in April from March at const
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
WORLD BANK HOPES G-7 LEADERS PROD CLINTON ON AID
Richard Lawrence |
The World Bank is pinning its hopes on European and Japanese leaders to use this week's economic sum
BRAZIL APPLIES BRAKES ON AUTOMOBILE IMPORTS
James Bruce |
The fevered auto-import traffic into Brazil's congested ports during the first few months of this ye
Maritime
SPOT PRODUCT PRICES
JOC Staff |
June 14, 1995 U.S. spot oil product price indications, sellers range, in cents per gallon, f
TRADE PANEL PREDICTS 6.4 PERCENT RISE IN GLOBAL GOLD OUTPUT BY '97
Patrick Kelly |
World gold production is expected to rise 6.4 percent to 76.73 million troy ounces by 1997 from 72.1
COMMODITY / ENERGY BRIEFS
Wire and Staff Reports |
SENATE PANEL BACKS PLAN TO CUT FOOD PROGRAMWASHINGTON - The Senate Agriculture Commi
HEATH, JARDINE GROUPS HERALD SERIOUS FALL IN PREMIUM RATES
HELEN R. MacLEOD |
Two major broking groups have pointed to serious falls in premium rates, particularly in the London
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