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PEPSI, HAILING A NEW GENERATION, SAYS IT'S RETURNING TO SOUTH AFRICA
Rory Channing |
Soft drink giant Pepsico Inc. said Monday it is returning to South Africa in a joint venture portray
Maritime
HOUSTON DRAWS HEAVY INVESTMENT FROM JAPANESE CHEMICAL INDUSTRY
Special to The Journal of Commerce |
With an estimated investment here of more than $800 million, the Japanese chemical industry has made
HELP WANTED: SHIPOWNERS SEEK SAILORS FOR GROWING GREEK FLEET
Janet Porter |
Greek shipowners face a serious shortage of experienced seafarers to crew the country's rapidly expa
Maritime
SEAWAY TAXES UNCOMPETITIVE, CANADIAN COMMITTEE TOLD
From Wire Reports |
High municipal taxes on grain elevators are making the St. Lawrence Seaway uncompetitive, a Canadian
Maritime
PEOPLE TRANSPORT
From Wire and Staff Reports |
John F. Kane was named to the new position of assistant vice president, training and development, re
SOUTH AFRICA ADMITTED TO OAU
Reuters |
The Organization of African Unity, which for decades battled apartheid, formally admitted South Afri
Maritime
ASIAN BANK ADVISES INSURERS TO HELP NATIONS FUND PROJECTS
Matthew Lewis |
The insurance industry should use its position as a big investor of long-term savings to help Asian
HIGH COTTON PRICES EXPECTED TO SPUR PLANTING IN INDIA
Shiva Lingam |
High domestic cotton prices are likely to encourage farmers to expand cotton cultivation in India, w
COAST GUARD'S DELAY ON SPILL RULES IRKS INSURER
Helen Macleod |
The continued delay by the U.S. Coast Guard in delivering rules on certificates of financial respons
COST OF CREDIT
JOC Staff |
Monday June 6, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
CHINA TO AIM FOR HIGH END OF MARKET IN TOYS
_ P.T. Bangsberg |
Having conquered a large part of the world's market for basic toys thanks to low prices, China wants
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
TRADE BRIEFS
From Wire and Staff Reports |
MEXICO SAYS FINANCES AIDED BY PRIVATIZATIONLONDON - The mass privatization of Mexica
Maritime
WHOLESALE PRICES RISE BY 0.6 PERCENT IN AUSTRIA
Knight-Ridder Financial |
Austrian wholesale prices rose 0.6 percent in May from April and by 1.2 percent year-on-year, the co
ONE DEAD, 12 INJURED IN MICH. AS TRUCK, AMTRAK TRAIN COLLIDE
Associated Press |
Three Amtrak passenger cars derailed Monday afternoon after the train struck a dump truck at an unma
PORT OPERATOR IN CONN. BLASTS ANTI-DUMPING SUITS IMPORT RESTRICTIONS CUT STEEL TONNAGE
Michael S. Lelyveld |
Connecticut's largest port operator for breakbulk cargo said the recession and declining steel impor
Maritime
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
CHILE SEEKS FREE-TRADE TIE WITH MERCOSUR COUNTRIES
Reuters |
Chile is seeking to form a free-trade association with the Mercosur common market and will present a
Maritime
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
FREIGHT RATE FUTURES
JOC Staff |
June 6, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
INTERCARGO CHIEF PREDICTS RATE FALL IN DRY BULK CARGO
Janet Porter |
Freight rates for dry bulk cargoes could decline from their already modest levels because of the hug
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
June 6, 1994 No. 4/ No. 6/ No. 6/1% 1% 0.5%B
SPOT PRODUCT PRICES
JOC Staff |
June 6, 1994 U.S. spot oil product price indications, sellers range, in cents per gallon, f.
OIL-PRODUCTS MARKETS GROW WEAK OVERSEAS
Paolo Berbotto |
Continued oil price strength hinges on whether a strong U.S. market will be enough to counter mounti
GLITZ ASIDE, ARGENTINA POSES FRUSTRATING PROBLEMS FOR FIRMS PHONE, POWER, OTHER SERVICES LAG
Paula L. Green |
Don't be lulled by the tree-lined streets, French architecture and elegant restaurants found in this
Maritime
PHILIP MORRIS COS. CHALLENGES AUSTRALIA'S CIGARETTE AD BAN
Stephen Skinner |
Tobacco giant Philip Morris Cos. Monday began legal action in Australia to overturn a government ban
Maritime
CALIF. IMPORTER FACES TRIAL OVER CHINESE DIESEL ENGINES US ALLEGES USE OF PRISON LABOR
Robin Bulman |
A California importer's dispute over diesel engines that the U.S. government claims were produced by
Maritime
BUSINESS BOOMS AT HOUSTON, OTHER CENTRAL PORTS
Special to The Journal of Commerce |
Business couldn't be looking better for the three ports of Texas' central coast region: Houston, Gal
NORWEGIAN CLASSIFICATION SOCIETY ADDS HUMAN FACTOR TO ITS SURVEYS
Janet Porter |
As the emphasis on maritime safety shifts from the physical condition of ships to their management,
Maritime
BRAZILIAN EXPORTERS FRET OVER CURRENCY RATE FREEZE
Tom Murphy |
Brazilian exporters and private analysts are warning of a possible crunch in foreign accounts in the
Maritime
WILLIS CORROON CHIEF CALLS FOR UNITY IN WAKE OF AUDIT
Janet Aschkenasy |
A real "horror story" was uncovered in an audit of many of Willis Corroon Corp.'s retail offices, th
CHINA'S NEW INSURANCE LAW MAY DISAPPOINT FOREIGNERS
Kwan Chooi Tow |
Like cats expecting a saucer of cream, foreign insurers are eagerly awaiting China's new insurance l
LLOYD'S MAY OFFER 2ND SETTLEMENT TO INVESTORS
Journal of Commerce Staff |
Lloyd's of London, whose bid to settle negligence litigation with thousands of investors failed earl
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - June 6, 1994 Prev. Life of Contr. OpenOpen High L
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
ENGLISH BANK SEEKS MORE GOLD MARKET DATALONDON - Rupert Pennant-Rea, Bank of England
GOVERNMENT CRACKDOWN IN CHINA PINCHES COPPER FUTURES TRADING
Cary O'reilly |
Chinese government crackdowns on speculative trading in China have seriously curtailed futures tradi
OIL INDUSTRY FACES FINANCIAL CHALLENGE TO MEET PREDICTED DEMAND GROWTH
Steven Swindells |
Oil industry leaders at the World Petroleum Congress here last week weren't downhearted. Pri
THAI CEMENT INDUSTRY EYES EXPORT BONANZA
Ron Corben |
Thailand's once-sleepy cement industry is looking for expansion, especially in Indochina, after a fe
Maritime
CSX INTERMODAL EXPANDS, CHALLENGES CONRAIL IN NY, NJ
Lawrence H Kaufman |
CSX Intermodal is aiming to become a formidable competitor to Consolidated Rail Corp. in New York an
PATRIOTISM VS. PROFIT POSES DILEMMA FOR COSCO
Bill Mongelluzzo |
The president of the Cosco Group in Beijing said China's state-owned shipping line is more profit-or
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