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DAILY PETROLEUM PRICES.
JOC Staff |
Friday Oct. 7, 1994 Prevailing sellers' posted prices at the close of business, representing
KIDDER'S ENERGY OPERATIONS SEEN UNCERTAIN AMID JOB CUTS
Pamela Conway |
Industry sources said it's too soon to tell what will happen to Kidder Peabody & Co.'s energy future
VENEZUELA PLANS GRADUAL DECONTROL OF PRICES, CURRENCY EXCHANGE RATES
Keith Grant |
Venezuela plans to lift price and exchange controls gradually in coming months on the strength of re
Maritime
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
FLORIDA POWER TO CUT 350 JOBS BY YEAR-END
Orlando Sentinel |
Florida Power Corp. said last week that as many as 350 jobs will be eliminated by the end of 1994, i
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
MAGMA COPPER TO BUY PERUVIAN COMPANYTUCSON, Ariz. - Magma Copper Co. of Tucson, in w
CHINA COPPER FIRM PLANS EUROPE OFFICE
P.T. Bangsberg |
One of China's largest copper producers plans to open an office in Europe as part of its strategy to
INVESTORS EYE INSURANCE MARKET IN SOUTH KOREA DESPITE PITFALLS
Matthew Lewis |
Asia's burgeoning insurance industry is training its spotlight on one of the region's most promising
CONSUMER PRICES UP 2.3 PERCENT IN RUSSIA
Knight-Ridder Financial |
Paced by surging costs for services, Russian consumer prices rose 2.3 percent in the week ended Oct
MARITIME BRIEFS
Wire and Staff Reports |
AAPA SELECTS HELBERG AS BOARD CHAIRMANPHILADELPHIA - Davis Helberg, executive direct
Maritime
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as
Maritime
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled. The Journal of Commerce assumes no responsibility for
Maritime
KWE UNIT BUYS CANADIAN BROKER
Journal of Commerce Staff |
Kintetsu World Express Canada Inc., a Canadian subsidiary of KWE, has acquired Canada's World Wide C
Maritime
CONGRESS ACTS TO END STOWAWAY CONTROVERSY LAW WOULD EASE BURDEN ON CARRIERS
Michael S. Lelyveld |
A congressional victory for the maritime industry appeared to be within reach Friday asthe House pre
TEAMSTERS' SUIT BRINGS FREE SPEECH, FUND-RAISING ISSUES TO THE SURFACE
Rip Watson |
Long-simmering strife within the Teamsters union is erupting into a public dispute over the ability
ENERGY OUTLOOK - DALE STEFFES HARMONY MAY COME AT THE EXPENSE OF US OIL INDUSTRY
JOC Staff |
Three weeks ago, I spent a full week in Washington assessing the political influence on the energy i
PRICES SHOULD REMAIN STRONG DESPITE AMPLE SUPPLY, ANALYSTS SAY
Howard Simon |
Copper prices are expected to remain firm in the near term despite ample supplies available to produ
BALTIC FREIGHT INDEX
JOC Staff |
1747 (Oct. 6, 1994) Previous day - 1723 The Baltic International Freight Futures Market in L
Maritime
ELECTRIC VEHICLE MAKER INKS MEXICO PACT DEAL SIGNED AT CALIF. EXPO
Kevin G. Hall |
California's first solo trade exhibition in Mexico got off to a bang with the announcement that the
Maritime
ARMY CORPS, COAST GUARD LAUD TEAMWORK WITH PORTS
Alice Cantwell |
Coast Guard and U.S. Army Corps of Engineers representatives applauded their partnerships with the A
Maritime
US OFFICIAL SAYS MEXICAN RULES CAUSING PROBLEMS FOR EXPORTERS
John M. Nagel |
In a rare public criticism of Mexican trade policy, a senior U.S. official here told consumer electr
Maritime
INSURANCE BRIEFS
From Wire and Staff Reports |
KEMPER STOCK DROPS AFTER BID PLANS CHANGENEW YORK - Kemper Corp. stock declined last
WORKERS COMP PROPOSAL PASSES OKLAHOMA SENATE
Ron Jenkins |
A workers compensation reform package has been gliding through the legislative process here.
OWNER OF ILL-FATED FERRY TO QUIT PASSENGER SHIPPING
Janet Porter |
Nordstrom & Thulin, the Swedish shipping company that owns half of Estline, is withdrawing from pass
Maritime
TECHNOLOGY CALENDAR
JOC Staff |
Intelligent Intermodal Systems Conference. Oct. 14. Sponsored by the U.S. Department of Transportati
Transport, Trade and Regulation News
EUROPEAN COMMISSION EXPECTED TO OK AID TO GROUPE BULL
Journal of Commerce Staff |
The European Commission is expected to approve a French government handout to the state-owned comput
COST OF CREDIT
JOC Staff |
Friday, Oct. 7, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
PEOPLE - TECHNOLOGY
From Wire and Staff Reports |
MICRON TECHNOLOGY INC. (Boise, Idaho) - Jerry Hess, chairman and chief executive of J.M. Hess Constr
Transport, Trade and Regulation News
EU SHIP SECTOR FEARS ADVERSE SERVICES DEAL
John Zarocostas |
Members of the European shipping community are concerned that the United States and the European Uni
TRANSPORT BRIEFS
Wire and Staff Reports |
GEORGIA BUREAU EXTENDS OLIVE BRANCH TO IANAATLANTA - The Georgia Freight Bureau has
MAJOR POWER PROJECTS PROCEED AS PHILIPPINES BRACES FOR GROWTH
P.T. Bangsberg |
The Philippines, after struggling with often daylong blackouts in main industrial centers, is steadi
EXPORT OPPORTUNITIES
Information Supplied by the U.S. Dept. of Commerce |
Trade leads supplied by: US Department of CommerceU.S. and Foreign Commercial Service
Maritime
PETROLEUM ASSOCIATION ENDS TALKS WITH OIL-GAS GROUP ON MERGER
Bill Mintz |
Faced with growing opposition from its wildcatter membership, leaders of the Independent Petroleum A
INDONESIA URGES CALM AS CEMENT DEMAND SOARS
Reuters |
In a bid to quell public disquiet, Indonesia said it will import cement ''from anywhere" to ensure a
Maritime
DESPERATELY ILL, MITTERRAND CLINGS TO POWER AMID SCANDAL
Dick Polman |
He is dying now, and only massive doses of morphine can dull the pain. His few remaining friends dou
Maritime
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Thursday at 230.26 up 0.40 w
SRI LANKA EYES FOOD PROCESSING IN NEW STRATEGY FOR EXPORT GROWTH
N. Vasuki Rao |
A revamped export policy stressing processed agricultural products is planned by the Sri Lankan gove
Maritime
BUILD BRIDGES, NOT WALLS, OFFICIAL URGES PORTS
Alice Cantwell |
Each port has a strategic plan for growth, but it is "also important to have a bigger vision to incl
Maritime
FLA.'S AMERICAN BANKERS SUES RIVAL JOHN ALDEN
David Lyons |
One year after bidding for a Texas insurance company, two rival Miami insurers are at each others' t
MILD SUMMER TAKES TOLL ON GAS FUTURES
Dianne Conn |
A mild summer, resulting in a big surplus of natural gas, forced gas futures prices down to $1.30 fo
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