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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
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
SWISS MUST TREAD LIGHTLY TO ENSURE TRUCK BAN ADHERES TO ACCORDS
John Zarocostas |
The Swiss federal government is facing the difficult challenge of drafting legislation, to implement
Maritime
NJ FACILITY TO OFFER JOB TRAINING
JOC Staff |
An on-site job training facility at the Port Newark-Elizabeth Marine Terminal is being developed by
Maritime
STATE COURTS CAN HANDLE MARITIME INJURY CASES
WILLIAM DiBENEDETTO |
The Supreme Court last week made it easier for litigants to file their maritime personal injury laws
Maritime
CHICAGO BOARD LAUDS USDA ON CHANGE IN CROP REPORTS
Rosalind Krasny |
Senior officials from the Chicago Board of Trade applauded the U.S. Department of Agriculture's deci
CHINA TO SET UP CENTERS FOR FOREIGN EXCHANGE TRADE
Alison Leung |
China will replace its foreign exchange swap centers with foreign exchange trading centers in Shangh
PENTAGON TO HELP FUND REFORM, CSX CHIEF SAYS
Stephanie Nall |
John Snow, chairman of CSX Corp., said Monday the Defense Department will provide direct funding for
Maritime
FRANCE, FINLAND FAIL TO RESOLVE DISPUTE OVER PAPER, WOOD
Tara Patel |
France and Finland failed to resolve a lingering dispute over Finnish wood and paper exports to the
Maritime
TAA DUE TO RESPOND TO EU ANTITRUST CHARGES
Bruce Barnard |
Leading shipping lines are expected to formally defend themselves this week against allegations by t
Maritime
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Feb. 25, 1994 Quotations are based on prices reported in the market or obtained from s
LUFTHANSA FORMS CARGO HUB IN KENYA FOR E. AFRICA MARKET
William Armbruster |
Lufthansa German Airlines has set up a cargo hub in Nairobi, Kenya, to serve the East African market
ILLINOIS OFFICIALS OFFER ALTERNATE AMTRAK ROUTE
Associated Press |
Illinois officials believe the best route for a high-speed Amtrak route from St. Louis to Chicago, m
M2 MONEY SUPPLY RISES IN TAIWAN
Knight-Ridder Financial |
The daily average of Taiwan's M2 money supply rose 14.2 percent in Januaryfrom January 1993,
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