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GRAIN SHIPMENTS GRIND TO A HALT
Associated Press |
The longshoremen's strike has slowed the rush-hour pace of Canadian grain exports to the brink of gr
GASOLINE PRICES
JOC Staff |
Feb. 2, 1994 RESELLER RACKUnleaded Mid- Premium-Unlead Prem
COAL CONSUMPTION SOARED IN DECEMBER AMONG SOUTH KOREAN POWER COMPANIES
Jean Yoon |
The amount of coal burned by South Korea's electric-power sector surged inDecember as four n
SAUDI ARABIA BOOSTS OIL PRICES
Knight-Ridder Financial |
Saudi Arabia Tuesday announced a rise in prices for March light, medium and heavy crude grades to Eu
THE ECONOMY
Bureau of Labor Statistics; Knight-Ridder Tribune |
ECONOMIC INDICATORS Monthly percentchange DecemberCoincident index
CHINA'S OUTPUT OF HOUSEHOLD APPLIANCES EXCEEDS NEED
P.T. Bangsberg |
Even as China announced the creation of a new air conditioning venture, official documents show subs
Maritime
EAST EUROPE SEES SURGE IN FOREIGN INVESTMENT
John Zarocostas |
The number of foreign enterprises in the countries of the former socialist bloc reached 62,100 in 19
Maritime
INDIA MAY HAVE TO IMPORT SUGAR AS OFFICIALS WORRY ABOUT SHORTAGE
Shiva Lingam |
India is likely to face a sugar scarcity this year, which may force the government - to the industry
FERRARI TARGETS ENTREPRENEUR BUYERS AT ITS FIRST CHINESE SHOWROOM
Reuters |
Luxury carmaker Ferrari opened its first China showroom Tuesday, confident that entrepreneurs in thi
Maritime
CONSTRUCTION BEGINS ON CONTROVERSIAL PORT IN EASTERN THAILAND
Ron Corben |
Work has begun on a deep-sea port in eastern Thailand, a project surrounded by controversy, protests
Maritime
NYK TO OPEN CHANNELS TO CHINA WITH SHANGHAI SUBSIDIARY, SERVICE
Mark Magnier |
Nippon Yusen Kaisha Ltd. (NYK Line) said it will be the first Japanese line to establish a wholly ow
Maritime
CHINA EXPECTS TO RECEIVE 40 AIRCRAFT THIS YEAR
P.T. Bangsberg |
China expects to take delivery of at least 40 aircraft this year, primarilyfrom Boeing Co. a
CHERNOMYRDIN FAILS TO SELL WEST ON RUSSIAN REFORM
Keith M. Rockwell |
If Viktor Chernomyrdin's purpose in coming to this posh resort was to reassure the galaxy of busines
BUNKER MARKET LANGUISHES AT LA, LONG BEACH PORTS
Bill Mongelluzzo |
The last remaining players in the Los Angeles/Long Beach bunker fuel market are struggling to hold o
MARITIME OFFICIALS URGE NATIONAL DREDGING POLICY
Alice Cantwell |
A national dredging policy needs to be developed to protect both the shipping industry and the envir
Maritime
TRANSPORT BRIEFS
Wire and Staff Reports |
CSX DERAILMENT SNAGS EAST COAST TRAFFICWHITAKERS, N.C. - A northbound CSX Transporta
ENERGY BRIEFS
Wire and Staff Reports |
IRANIAN OFFICIALS CHARGED WITH ACCEPTING BRIBETEHRAN, Iran - Several senior official
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - Feb. 1, 1994 Prev. Life of Contr. OpenOpen High Low
TRADE BRIEFS
From Wire and Staff Reports |
COMDIAL SIGNS DEAL FOR S. AFRICA DISTRIBUTORCHARLOTTESVILLE, Va. - Comdial Corp. sai
Maritime
KOREA GAS AT IMPASSE IN TALKS OVER LNG CONTRACT WITH QATAR
Knight-Ridder Financial |
Korea Gas Corp. said that negotiations over South Korea's liquefied natural gas contract with Qatar
NORTH SEA OIL OUTPUT FORECAST TO RISE 30 PERCENT
Reuters |
British North Sea oil production is expected to jump 30 percent in 1994, British analysts Wood Macke
US LAWMAKER TELLS JAPANESE WOOD TARIFFS HURT BOTH NATIONS
Mark Magnier |
Japan's 15-year refusal to eliminate tariffs on finished wood products hurts Japanese consumers, und
Maritime
FIRST US EXPORT CENTER PROVIDES ONE-STOP OVERSEAS HELP FOR FIRMS
Associated Press |
The nation's first center to help companies tap into federal resources to expand their overseas mark
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1196 (Feb. 1, 1994) Previous day - 1200 The Baltic International Freight Futures Market in L
Maritime
NJ SENATOR TO OFFER BILL TO REFORM SUPERFUND
From Wire and Staff Reports |
Sen. Frank Lautenberg, D-N.J., plans to introduce a bill in Congress Thursday that would ease the ru
AETNA TO LIMIT RETIREE COVER, EXPECTS TO SAVE $50 MILLION
Associated Press |
Aetna Life & Casualty said it will limit how much it will spend toward the health insurance of retir
FED VICE CHAIRMAN MULLINS TO RESIGN
Reuters |
The Federal Reserve Board said Tuesday that Vice Chairman David Mullins was resigning, effective Feb
CORRECTION
JOC Staff |
The story "Lorenzo Gains New Partners in Bid to Launch Airline," which appeared on Page 3B on Jan. 2
RX FOR EU AIRLINES: LESS AID, MORE COMPETITION
Bruce Barnard |
Europe's financially troubled airlines need more competition and less state support to survive in th
US, GERMANY MEET TO RESOLVE AVIATION DISPUTES
Mark B. Solomon |
U.S. and German aviation negotiators have gathered here for a week of talks aimed at resolving sever
PRESSURE MOUNTS ON CANADA IN DOCK STRIKE
John Davies |
The Canadian federal government is facing growing political pressure to intervene in aBritish Columb
DOCK STRIKE THREATENS TO SCAR VANCOUVER PORT
John Davies |
Union leaders, waterfront employees, port managers and shippers in British Columbia agree on only on
Maritime
INSIDE TALK - LARRY KAUFMAN RAILROADS EXTEND OLIVE BRANCH TO LABOR _ BUT WILL IT SNAP?
Larry Kaufman |
Railroad managements are singing a different labor relations tune, but will the music stop before th
COST OF CREDIT
JOC Staff |
Tuesday, Feb. 1, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
SPOT NATURAL GAS PRICES
JOC Staff |
NATURAL GAS CLEARINGHOUSE Natural Gas Clearinghouse - Posted prices for Feb. 1994 (see Note
SPOT PRODUCT PRICES
JOC Staff |
Feb. 1, 1994 U.S. spot oil product price indications, sellers range, in cents per gallon, f.
DOLLAR DROOPS AGAINST YEN DESPITE GOOD ECONOMIC NEWS
Susan Kelly |
The U.S. dollar was mostly lower Tuesday despite a better-than-expected January purchasing managers'
TEXACO NAMES LYNCH TO HEAD LATIN AMERICA-W. AFRICA UNIT
Knight-Ridder Newspapers |
Patrick J. Lynch, a veteran accountant and career Texaco Inc. employee, was named to head the Texaco
FINANCING TRADE - GORDON PLATT EX-IM BANK APPROVES LOAN GUARANTEES FOR CZECH UTILITY
Gordon Platt |
The U.S. Export-Import Bank said its board voted to approve for referral to Congress the final autho
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Tuesday Feb. 1, 1994 Prevailing sellers' posted prices at the close of business, representin
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