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TRADE BRIEFS
Wire and Staff Reports |
INDONESIA: US SHOULD FURTHER OPEN TEXTILESSINGAPORE - Indonesia would buy more cotto
Maritime
"QUAD' COUNTRIES SUBMIT OFFERS ON MARKET ACCESS FOR GOODS
JOC Staff |
The so-called Quad countries - the United States, European Union, Japan and Canada - Monday presente
BALTIC FREIGHT INDEX
JOC Staff |
1117 (Feb. 28, 1994) Previous day - 1117 The Baltic International Freight Futures Market in
Maritime
JAPAN REJECTS US COMPROMISE ON LUMBER, LAWMAKER SAYS
Associated Press |
The United States was willing to accept a 75 percent reduction in Japanese lumber tariffs instead of
Maritime
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Friday at 227.45 off 0.93 which compares w
COURT TACKLES TRUCK UNDERCHARGE, LIABILITY CASES
WILLIAM DiBENEDETTO |
The Interstate Commerce Commission's contention that an undercharge claim is invalid if a bankrupt m
DEATH SPURS SAFETY QUESTIONS AT ABC RAIL
Associated Press |
Last week's death of a crane operator has raised questions of plant safety at ABC Rail Corp., a make
DIESEL STUDY SPARKS CONTROVERSY IN CALIF.
Bill Mongelluzzo |
Truck engine failures are a national problem caused by the new low-sulfur diesel mandated by the fed
JUDGE POSTPONES HEARING ON ICC'S UNDERCHARGE LAW LA COURT AWAITS RESULT OF TEST CASE
Bill Mongelluzzo |
A U.S. District Court judge here has delayed until March 22 a formal hearing into the challenge of t
ENERGY BRIEFS
From Wire and Staff Reports |
OPEC CRUDE SUPPLIES PUT AT 25 MILLION B/DLONDON - The Organization of Petroleum Expo
SPOT PRODUCT PRICES
JOC Staff |
Feb. 28, 1994 U.S. spot oil product price indications, sellers range, in cents per gallon, f
AETNA SEES DISASTER LOSSES CUTTING 1ST QUARTER EARNINGS
From Wire and Staff Reports |
Aetna Life and Casualty Co. said Monday it expects first-quarter earnings to be reduced by about $12
BANKERS TO HAMMER OUT DETAILS OF GERMAN-IRANIAN REFINANCE PACT
Randolph Walerius |
German and Iranian banks must now fill in the details of a refinancing agreement reached in principl
Maritime
INDIA BANK EASES RESTRICTIONS ON EXPORTERS' CURRENCY HOLDINGS
Feroze Chandra |
The Reserve Bank of India has raised the amount India's exporters of goods and services can now reta
Maritime
QUOTA WATCH
American Association of Exporters and Importers Textile Quota |
Textile Quotas to Watch as of Feb. 25, 1994* Country Category Description
Maritime
WESTERN GERMAN PLANT ORDERS UP
Knight-Ridder Financial |
Orders for western German plant and machinery rose a real 2 percent in January from January 1993, ac
GOLDMAN SACHS OPENS CHINA OFFICE
Associated Press |
The U.S. investment firm Goldman, Sachs & Co. on Monday opened its first China office in Beijing.
Maritime
JOBLESS RATE FLAT IN FRANCE
Knight-Ridder Financial |
France's unemployment rate in January stood at a seasonally adjusted 12.2 percent, unchanged from re
2 MILLION WORKERS STAGE 1-DAY STRIKE OVER WAGES, LACK OF ROMANIA REFORMS
Associated Press |
About 2 million workers in Romania went on a one-day strike Monday to protest lack of economic refor
YIELDING TO PRESSURE, SNCM BUYS FRENCH, REJECTS FOREIGN FERRY FINNISH PRICE WAS 30 PERCENT LOWER
Tara Patel |
The French state-owned shipping company Societe Nationale Corse Mediterranee (SNCM) has bowed to gov
Maritime
ARGENTINE DOCKERS SAY NO TO AGREEMENT
Paula L. Green |
Maritime and union officials were still trying this week to reach a final accord in a 4-month-old la
Maritime
TRUCKING GIANT LANDSTAR BOLSTERED BY NICHE UNITS WWORKING TOGETHER
Allen R. Wastler |
Say "Landstar" to a loading dock manager for most medium-sized companies in America and you are like
ICC OFFICIALLY REINSTATES TRUCK CONTRACT REGULATIONS
Journal of Commerce Staff |
The Interstate Commerce Commission has officially reinstated motor carrier contract requirements it
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
VESSEL-SHARING AGREEMENT TO EXPAND MIDEAST SERVICE
Peter M. Tirschwell |
The vessel-sharing agreement involving Sea-Land Service Inc., P&O Containers and Maersk Inc. in the
Maritime
CHINA TO LIFT PRICE CURBS ON COAL, OIL
Knight-Ridder Financial |
China will liberalize price controls on coal and petroleum this year as part of efforts to switch to
DEFEAT OF HOUSE BILL HASN'T DERAILED OKLA. COMP REFORM EFFORT IN SENATE
Ron Jenkins |
One workers compensation reform package has died in the Oklahoma House early last week, but Gov. Dav
ARCO UNIT GETS STAKE IN VIETNAM OIL FIELD
Knight-Ridder Financial |
U.K. gas producer and marketer British Gas PLC has assigned a 50 percent interest in Vietnam's offsh
NORWAY SWIMS AGAINST US BUSINESS TIDE IN SALMON DISPUTE
Elliot Blair Smith |
On the North Atlantic sea, a shadowy weapon in Norway's foreign trade arsenal swims just beneath the
Maritime
BP FINDS GAS OFF VIETNAM BUT UNSURE OF POTENTIAL
John Rogers |
British Petroleum has found natural gas off Vietnam and will know toward the end of the year whether
INDIA TAKES STEPS TO SPUR SLUGGISH ECONOMIC PROGRAM
Reuters |
India on Monday cut corporate taxes, import duties and interest rates to spur sluggish industrial gr
BRAZIL EXPORTERS WORRY ABOUT NEW INFLATION PLAN
James Bruce |
Brazil launches a new inflation index today, the second phase of Finance Minister Fernando Henrique
Maritime
BEIJING SEES MEMBERSHIP IN GATT BY NEXT YEAR
P.T. Bangsberg |
China is confident it will be accepted back into the world's main trade body by 1995, declaring it h
COST OF CREDIT
JOC Staff |
Monday, Feb. 28, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
FEDERAL RAILROAD ADMINISTRATION SHUFFLES SAFETY OFFICE MANAGEMENT
Rip Watson |
The Federal Railroad Administration has shaken up the leadership of a safety office that organized l
JAPANESE EXPECTED TO INCREASE COPPER IMPORTS FROM PHILIPPINES
Cary O'reilly |
Japan is expected to import more copper from the Philippines in fiscal 1994-95 (April-March), under
MARITIME BRIEFS
From Wire and Staff Reports |
COURT WON'T REVIEW NEGLIGENCE RULINGWASHINGTON - The Supreme Court Monday refused to
Maritime
NY SOCIETY ELECTS ITS 68TH PRESIDENT
Journal of Commerce Staff |
Capt. Frank Shellenbarger was elected the 68th president of the Marine Society of the City of New Yo
Maritime
OUTNUMBERED INSPECTORS BATTLE TO ENFORCE TRUCKING SAFETY
Glenn Hall |
Truck drivers passing through Indiana have a better chance of winning the daily lottery than getting
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