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INSURANCE BRIEFS
From Wire and Staff Reports |
JAPAN GIVES NOD TO NONLIFE BONDSTOKYO - The Finance Ministry will allow nonlife insu
DEAD LINE: UNION PREPARES TO STRIKE LONG ISLAND RR
Gregory S. Johnson |
Two years after the Long Island Rail Road managed to reverse its flagging freight fortunes, the carr
INTERMODAL TRAFFIC BREAKS RECORD
Journal of Commerce Staff |
Rail intermodal traffic has set its second weekly volume record in the past three weeks, reaching 16
DOLLAR RISES AGAINST YEN ON TENSIONS OVER KOREA
Michael Duvally |
The U.S. dollar rose against the Japanese yen Thursday on Korean tensions and rumors, but the dollar
CHINA PLANS CONSOLIDATION OF ITS AUTOMAKING SECTOR
P.T. Bangsberg |
More than 100 vehicle plants in China will be consolidated into three ''globally competitive" giants
Maritime
OPEC ENDS CONFERENCE WITH OIL PRICES STRONG
Karen Matusic |
OPEC ministers basked in the glow of the strongest oil prices in 12 months Thursday as they wrapped
SINO-INDIAN ACCORD SETS THE STAGE FOR SHARP RISE IN TRADE VOLUME
N. Vasuki Rao |
Trade between Asia's two most populous countries, China and India, is expected to go up substantiall
Maritime
ARMENIA TO LIBERALIZE RULES ON INVESTMENT BY FOREIGNERS
Knight-Ridder Financial |
Armenia plans to put foreign and domestic investment in the country on the same legal footing, a par
Maritime
ISRAEL SEES NEW MARKETS FROM PEACE WITH PLO
Milan Ruzicka |
Israel expects huge trade gains with newly designated friendly nations as a result of its month-old
Maritime
MALAYSIAN AIRLINE REACHES AGREEMENT TO BUY CARGO SPACE FROM WORLD AIR
P.T. Bangsberg |
The Malaysian flag-carrier signed a deal to use MD-11 aircraft belonging to U.S.-based World Airways
PUERTO RICO REOPENS BIDDING FOR NAVIERAS DOUBTS ARE RAISED ON MILLS' FINANCING
Peter M. Tirschwell |
The Puerto Rican government has reopened the bidding for the state shipping line Navieras de Puerto
COST OF CREDIT
JOC Staff |
Thursday, June 16, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
GERMANY PLANS TO PROMOTE USE OF RAILS DURING EU PRESIDENCY
Miriam Widman |
Germany will seek to implement measures aimed at promoting rail transport and reducing road traffic
LATIN AMERICA LAUDS FREE MARKETS AT SUMMIT
Michael Stott |
Latin American leaders have aggressively affirmed their faith in free markets at a summit meeting he
Maritime
GASOLINE PRICES
JOC Staff |
June 16, 1994 RESELLER RACKUnleaded Mid- Premium-Unlead Pre
SEA LAW - PETER D. CLARK COURT PLACES PORTION OF BOX-WEIGHT BURDEN ON CONSIGNEES
Peter D. Clark |
The Carriage of Goods By Sea Act (Cogsa) provides that every bill of lading contract for the carriag
Maritime
JOURNAL OF COMMERCE - FAST FACTS THE PERFECT GIFT FOR FATHER'S DAY
Global Trade Information, Columbia, S.C. |
No text.
US PREPARES TO RETALIATE FOR CANADA'S FISHING FEE
WILLIAM DiBENEDETTO |
U.S. lawmakers this week took a first step toward retaliating against Canada for imposing a fee on U
ITALIAN FIRM TO BUILD AND OPERATE COAL TERMINAL IN LAZARO CARDENAS
Kevin G. Hall |
An Italian firm has been awarded a 30-year contract by Mexico's state-owned power company to build a
Maritime
DOCKERS' STRIKE IMPERILS FUTURE OF LE HAVRE
Tara Patel |
The future of Le Havre as a major containerport in Europe is in doubt after port administrators told
NORILSK NICKEL TO SELL SHARES AT PRIVATIZATION AUCTIONS
Grigori Gerenstein |
Norilsk Nickel, the largest Russian nickel producer, will dispose of 12 percent of its shares at pri
AIR L.A., MEXICANA SIGN MARKETING DEAL
JOC Staff |
Air L.A. Inc. and Mexicana Airlines have announced a new marketing agreement, coordinating 36 flight
SENATE DEMOCRATS PROPOSE SANCTIONS AGAINST CHINESE
John Maggs |
President Clinton, already bedeviled by strife among congressional Democrats on health-care reform,
Maritime
MALAYSIA TO RESUME STRAITS OIL SEARCH
Knight-Ridder Financial |
Malaysia remains interested in exploring for oil on its side of the Straits of Malacca, despite the
INSURER WANTS EXCLUSION FROM LIABILITY IN DEATHS
Associated Press |
A Chicago insurance company says it should be excluded from any liability claim in the deaths of two
CHINA PROTESTS VIETNAMESE EXPLORATION
Knight-Ridder Financial |
China has protested Vietnam's exploration of a contested Spratly Islands site in the South China Sea
RADIO OFFICERS, APL REACH PACT, AVERTING STRIKE
Tim Shorrock |
American President Lines Ltd. averted a threatened strike by radio officers working on its U.S.-flag
CHICAGO & NORTH WESTERN TO EXPAND COAL LINE
Lawrence H Kaufman |
Rising utility demand for low-sulfur coal from the Powder River Basin of Wyoming has triggered a $45
SWISS TRADE SURPLUS AT $146.8 MILLION
Knight-Ridder Financial |
The government posted a provisional trade surplus of 202.6 million Swiss francs ($146.8 million) in
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange June 16, 1994Brent Crude Oil - (Dollars Per Barrel)
BURNED INTO OUR MEMORIES
JOC Staff |
No text.
Maritime
MARITIME BRIEFS
Wire and Staff Reports |
SEA-LAND PLANS STOPS AT COLOMBIAN PORTLIBERTY CORNER, N.J. - Sea-Land Service Inc. s
Maritime
HIGH YEN FINALLY STARTS TO BITE INTO JAPANESE TRADE SURPLUS
Jeff Stearns |
Japan's customs-cleared trade surplus tumbled in May, snapping a five-month uptrend, due to the stro
Maritime
STATE FARM SETTLES SUIT ON REPLACEMENT PARTS
From Wire and Staff Reports |
Although State Farm Group has proposed a settlement of an Illinois class- action lawsuit on the use
RLI: 75 PERCENT OF CLAIMS FROM QUAKE PAID
Journal of Commerce Staff |
RLI Corp. has paid 75 percent of its residential earthquake claims from the Jan. 17 Northridge, Cali
INFLATION TARGET STILL 3.5 PERCENT IN SPAIN
Knight-Ridder Financial |
The Spanish government has not changed its target of lowering inflation to 3.5 percent by the end of
IMPORT LEADS
JOC Staff |
SEWING ARTICLES Needles. Contact: China Shenzhen Arts & Crafts Import & Export Co., Baofeng
Maritime
PORTS FEAR DOWNGRADE IN STATUS OFFICIALS EYE SHIFT TO 24-HOUR SERVICE
Journal of Commerce Staff |
As factories shift to Southeast Asia, the yen continues its surge and Japan's economy matures, major
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
RUSSIAN FARMERS TO SOW FEWER ACRES THIS YEARMOSCOW - Russian farmers, currently roun
MARITIME-TRADE CONFLICTS SLOW ALASKA OIL DECISION
Tim Sansbury |
President Clinton on Thursday said conflicts between trade and maritime policy must be ironed out be
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