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CHINA, VIETNAM TO DISCUSS ISLANDS
Associated Press |
China and Vietnam, currently engaged in a simmering dispute over territorial claims in the South Chi
Maritime
MERGER TO CREATE CANADA'S BIGGEST INVESTMENT BANK
Reuters |
Seeking to create Canada's largest investment bank, Bank of Montreal said Monday it will purchase ri
CALIF. GOVERNOR KEEPS COMMUTER RAIL ROLLING
Reuters |
California Gov. Pete Wilson intervened Sunday night to avert a threatened strike on a San Francisco-
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - July 18, 1994 Prev. Life of Contr. OpenOpen High Low
DAILY PETROLEUM PRICES
JOC Staff |
Monday July 18, 1994 Prevailing sellers' posted prices at the close of business, representin
SPOT CHEMICALS
Compiled By Rosalie Spiller, Journal of Commerce Chemical |
As of July 18, 1994 Quotations are based on prices reported in the market or obtained from s
MEXICO DEAL PUTS LABATT'S CREDIT ON WATCH
Associated Press |
John Labatt Ltd. has been put on a credit watch by a major Canadian ratings agency because of the de
COLLAPSE OF USSR TRANSLATES INTO BIG BUSINESS FOR LINGUISTS
Milan Ruzicka |
The breakup of the Soviet Union and fragmentation of Eastern Europe may be complicating the life of
AGAINST ALE ODDS: OREGON BEER HIT IN JAPAN
Robin Bulman |
Jack Joyce likes a challenge. So when he heard that Oregon had set aside some money to help
STOWAWAY BECOMES 9TH TO FLEE SEA-LAND CUSTODY
Michael S. Lelyveld |
A Romanian stowaway escaped earlier this month from a ship docked in Port Elizabeth, N.J., marking t
THAI LENDER BECOMES A LEADER BY MIXING EAST WITH WEST
Reuters |
In just over a decade Finance One PLC has gone from a small family operation to one of Thailand's mo
UNEMPLOYMENT DOWN IN SWEDEN
Knight-Ridder Financial |
The number of unemployed people in Sweden fell by 27,000 in June as compared with the same month las
ILA LEADERS PROMISE TO OVERCOME INTRUSIONS
George F.W. Telfer |
Leaders of the International Longshoremen's Association vowed Monday to resist inroads by nonunion d
Maritime
TANKER OPERATORS, NMU STILL AT ODDS ON CONTRACT TALKS OVERTIME PAY IS STICKING POINT
Tim Shorrock |
A seafarers union has reached a critical stage in its negotiations with U.S.-flag tanker operators s
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
LYKES BROS. ASKS MARAD FOR BOOST IN DEPPE SHIPSWASHINGTON - Lykes Bros. Steamship Co
Maritime
TEAMSTERS ASK AFL-CIO TO SLASH FEE IN HALF
Rip Watson |
In new indications of the financial difficulties inside the Teamsters union, the labor organization
NO NEW TALKS SCHEDULED IN UTU-SOO LINE STRIKE
Lawrence H Kaufman |
The strike against the Soo Line Railroad Co. enters its sixth day today with no signs of either side
TRANSPORT BRIEFS
From Wire and Staff Reports |
MORE HIGHWAY FUNDS CLEARED FOR SOUTHEASTWASHINGTON - Transportation Secretary Federi
ENERGY BRIEFS
From Wire and Staff Reports |
COOPERATION SOUGHT IN GLOBAL OIL MARKETLONDON - An Egyptian oil official has called
RISING DEMAND, GLOBAL RULES FUEL LOW-SULFUR "RESID' PRICES
Arthur Gottschalk |
Prices for low-sulfur residual fuel oil, used to heat commercial buildings and by largeindustrial ma
SPRING HEAT WAVE REDUCED CANADA'S DOMESTIC GAS SALES
Knight-Ridder Financial |
Warmer temperatures in May resulted in a 24.8 percent decrease in domestic Canadian sales of natural
DOLLAR MAY BOOST GRAIN EXPORTS SLIGHTLY
Howard Simon |
The plunging dollar will aid lagging U.S. grain export sales, but only to a limited extent, analysts
BANKERS TRUST LAUNCHES COMMODITY INDEX
Knight-Ridder Financial |
Bankers Trust New York Corp. Monday announced it has launched a commodity index called the Bankers T
BALTIC FREIGHT INDEX
JOC Staff |
1416 (July 18, 1994) Previous day - 1412 The Baltic International Freight Futures Market in
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
COMMON SENSE URGED IN FLOOD-DAMAGED AREASBOCA RATON, Fla. - The National Council on
CORRECTION
JOC Staff |
The article with the headline "TAA Challenger Fails; Third Line to Fade in Two Years," appearing Jul
UKRAINE'S INDUSTRIAL OUTPUT FALLS 40 PERCENT
Knight-Ridder Financial |
Industrial production in Ukraine fell nearly 40 percent in the first half of this year as compared w
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled. The Journal of Commerce assumes no responsibility for
Maritime
QUOTA WATCH
American Association of Exporters and Importers Textile Quota |
TEXTILE QUOTAS TO WATCH AS OF JULY 15, 1994* Country Category Description
Maritime
US, EUROPEAN SHIPBUILDERS BACK OECD PACT ON SUBSIDIES
Tara Patel |
European and U.S. shipbuilders support an accord reached this weekend on the elimination of subsidie
BANK SAYS SCANDAL WON'T HURT PROFIT
Reuters |
British-based bank Standard Chartered said on Monday that sums involved in a scandal surrounding its
FATIGUE PLAYED KEY ROLE IN SECURING DEAL
Journal of Commerce Staff |
Fatigue was one of the most effective tactics used to pry an agreement on subsidies to the shipbuild
SHIP INDUSTRY PLANS TO FIGHT TOLL INCREASE ON SEAWAY
John Boyd |
Amid signs that Canada's deficit-ridden St. Lawrence Seaway Authority may push its U.S.counterpart f
Maritime
REPORT CASTS DOUBT ON C-17 ANALYSIS
Associated Press |
The Pentagon made the case for the expensive C-17 cargo plane based on flawed cost analysis, accordi
ILLINOIS CENTRAL CORP. POSTS 25 PERCENT RISE IN INCOME
Journal of Commerce Staff |
Illinois Central Corp., parent of the Illinois Central Railroad, earned $24.8 million, or 58 cents a
NEW HAVEN RESIDUAL FUELS
JOC Staff |
July 18, 1994 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
MARITIME BRIEFS
From Wire and Staff Reports |
SEA-LAND EXPANDS CENTRAL AMERICA SERVICESea-Land Service Inc. is expanding service a
Maritime
A&A COMPLETES ACCORD TO GET $200 MILLION AIG INFUSION
Wire and Staff Reports |
Worldwide in- surance broker Alexander & Alexander Services Inc. completed its agreement to accept a
PEOPLE - INSURANCE
Wire and Staff Reports |
ALEXANDER & ALEXANDER SERVICES INC. (New York) - Elliot S. Cooperstone has been named seniorvice pre
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