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TRAVELERS WITHDRAWS FROM DEAL TO BUY STAKE IN LLOYD'S SYNDICATE
Brigitte Maxey |
Travelers Corp. has pulled out of a consortium effort to buy a majority stake in Lloyd's of London s
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
COMEX METAL WAREHOUSE
JOC Staff |
Nov. 17, 1993 Copper Total, 86,353. Gold Total, .2,444,441.Silver Total, .27
WEAK RESULTS HURT COURTAULDS SHARES
Reuters |
Weak half-year profit and news that international chemicals group Courtaulds PLC could close several
BRITISH GAS CHIEF PREDICTS INDIAN INVESTMENT BOOM
Moses Manoharan |
British Gas PLC Chairman Robert Evans, heading a group of top businessmenfrom his country to
FDA APPROVES PREVENTIVE USE FOR MERCK HEART DRUG
Associated Press |
Merck & Co.'s top-selling drug, used for high blood pressure and congestive heart failure, has been
US CARRIERS TO STORM MEXICO _ WITH OR WITHOUT NAFTA
Gregory S. Johnson |
The North American Free Trade Agreement notwithstanding, U.S. foreign investment and trade with Mexi
ANALYSTS WATCH FOR CUT IN AILING A&A'S DIVIDEND
Paul Dykewicz |
The world's second largest insurance brokerage has chalked up losses that have analysts watching for
DEFENSE BUDGET LIKELY TO BUOY YARDS, COMMERCIAL BUILDING
Mary Helen Frederick |
U.S. shipbuilders' efforts to build more commercial vessels should get a boostfrom the $261
Maritime
SHIPPERS, BRAZILIAN PORT SEE NO RELIEF FROM COSTS, DELAYS IN SUGAR SHIPMENTS
Tom Murphy |
Faced with possible record 1993-94 (May-April) sugar shipments, high costs and delays at Brazil's so
Maritime
WEAK TRADE RAISES CONCERNS ABOUT PAKISTAN INDUSTRY
Special to The Journal of Commerce |
A dip in imports of machinery and raw materials on top of sluggish growth in exports is causing conc
Maritime
SHELL PLANT IN CALIFORNIA ENDS CLEAN-DIESEL OUTPUT
Knight-Ridder Financial |
Shell Oil Co. has ended test production of diesel that meets California air- quality standards at it
ENERGY BRIEFS
From Wire and Staff Reports |
NIGERIAN STRIKE SPREADS, REPORTS SAYLAGOS, Nigeria - The Nigerian workers' strike ag
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Nov. 17, 1993 Prevailing sellers' posted prices at the close of business, represen
PANEL OKS BILL ALLOWING SHELL TO SELL TANKERS TO FOREIGN FIRMS
Journal of Commerce Staff |
A House maritime panel Tuesday approved legislation permitting the sale of the two largest U.S. tank
Maritime
COST OF CREDIT
JOC Staff |
Wednesday, Nov. 17, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
MEXICAN RAIL FACES CUTS AMID AUCTION RUMORS
Kevin G. Hall |
Amid growing whispers that Mexico's state-owned railroad is heading for the auction block, the feder
MARINE INSURER SEES PROGRESS AS COMPUTERS ALTER BUSINESS
Journal of Commerce Staff |
William Mack, vice chairman of American International Marine Agency, is glad the U.S. marine insuran
UN AGENCY SEEKS AIDS "VIRUCIDE' TO BOOST PROTECTION FOR WOMEN
Reuters |
The World Health Organization said it is developing a new "virucide" that could rank alongside the c
TRANSPORT BRIEFS
From Wire and Staff Reports |
AIR EXPRESS INTERNATIONAL POSTS FALL IN EARNINGSDARIEN, Conn. - Air Express Internat
ENERGY DEPT. FACES NEW RULES ON SHIPPING NUCLEAR FUEL
Mary Helen Frederick |
The Department of Energy won't be able to ship spent nuclear fuel through Hampton Roads or other Ame
Maritime
SPOT PRODUCT PRICES
JOC Staff |
Nov. 17, 1993 U.S. spot oil product price indications, sellers range, in cents per gallon, f
MEXICO LOWERS OIL EXPORT TARGETS
Knight-Ridder Financial |
Mexico will fall short of its oil export target for 1993, and is projecting lower oil export levels
ASIAN COUNTRIES MUST AVOID FORMING A REGIONAL TRADE BLOC, OFFICIAL SAYS
Brian Johns |
The dynamic economies of the Asia-Pacific region should not succumb to the temptation of forming the
CHINESE BUYERS AWAIT PRICE DROP BEFORE RE-ENTERING COPPER MARKET
Knight-Ridder Financial |
Chinese buyers are keeping clear of the copper market in the hopes that prices will sink, traders sa
ALGERIA CONSIDERS REFORM OF HYDROCARBON INDUSTRY
Knight-Ridder Financial |
Algeria will consider adopting a new strategy for its hydrocarbon sector following a highly critical
PARTNERSHIP BUYS SPERRY MARINE INC. FROM SHIPBUILDER
Alan Gersten |
A partnership formed by John F. Lehman, former secretary of the Navy, purchased Sperry Marine Inc.,
Maritime
PEOPLE - MARITIME
From Wire and Staff Reports |
SEA-LAND SERVICE INC. (Liberty Corner, N.J.) - William C. Donovan was named vice presidentof informa
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
DUTCH INSURER AMEV SEEKS EAGLE STAR UNITAMSTERDAM, Netherlands - Amev Nederland, the
AIRLINES FIGHTING MAIL RATE-CUT PLAN
Mark B. Solomon |
A new day is dawning in the relationship between the nation's airlines and the U.S. Postal Service.
UK THREATENS TO CURB US ACCESS TO HEATHROW
Janet Porter |
The opening shots in a new trans-Atlantic air war were fired Wednesday when the British government t
CHINESE CUTS IN TARIFFS COVER VARIETY OF PRODUCTS
P.T. Bangsberg |
A wide variety of consumer and industrial goods are covered by the tariff cuts China intends to impl
PEOPLE - TRANSPORT
From Wire and Staff Reports |
THRALL CAR MANUFACTURING CO. (Chicago Heights, Ill.) - Larry T. Lucas was named general manager of t
UK RETAIL SALES INCREASED 0.1 PERCENT IN OCTOBER
Knight-Ridder Financial |
U.K. provisional, seasonally adjusted retail sales rose 0.1 percent in October from September, the C
FOREIGN INVESTMENT DROPS IN PORTUGAL
Reuters |
Direct foreign investment in Portugal was 75 billion escudos (US$431 million) in the first six month
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
CHINA RUMORS LEAD TO WHEAT FUTURES RISECHICAGO - Wheat futures moved to fresh 17-mon
TRADING WITH CYPRUS MULTINATIONAL CORPORATIONS LIKE TAX RATE ON CYPRUS
Kenneth Wolf |
Cyprus, a divided island, is marketing its links to Europe, Africa and the Middle East,casting itsel
Maritime
FLA. PAINT FIRM TO HELP CHINA AGENT WITH PLANT
Jun Shen |
After exporting paints to China for about a year, FLR Paints Inc. has agreed to help a Chinese distr
TRADE BRIEFS
Wire and Staff Reports |
WORLD TOURISM EXPECTED TO DOUBLE IN DECADELONDON - The global travel and tourism ind
TALKS BEGIN ON WORLD ACCORD TO OPEN UP PUBLIC PROJECTS
John Zarocostas |
Officials from more than 20 nations began a new round of confidential talks Wednesday to hammer out
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