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US ECONOMIC REBOUND BREATHES FRESH LIFE INTO RECESSION-BATTERED TRANSPORT INDUSTRY
Journal of Commerce Staff |
With fresh economic data suggesting the U.S. economy finally may be on the mend, some recession-numb
REINSURER SAYS US MARKET POISED FOR MAJOR GROWTH
Journal of Commerce Staff |
An increasing number of reinsurance contracts will be "made in the U.S.A." as the "deteriorating" Lo
CHEMICAL BRIEFS
From Wire and Staff Reports |
UNION TEXAS WON'T SELL PETROCHEMICAL BUSINESSUnion Texas Petroleum Holdings Inc. announced T
COMMODITY BRIEFS
From Wire and Staff Reports |
RUSSIA DOUBLES PRICES PAID FOR GRAINThe Russian government has doubled the price paid for gr
EX-USSR GRAIN IMPORTS MAY FALL
Doug Palmer |
Grain imports by Eastern Europe and the former Soviet Union are expected to drop sharply in the 1990
SUIT CLAIMS FIRM FAILED TO REPORT ON TOXICS
Charles Laszewski |
A Minneapolis environmental group filed a lawsuit this week against a local printing company it said
PRUDENTIAL HALTS ISSUING FLA. POLICIES FOR 60 DAYS
David Satterfield |
Prudential Property and Casualty Co., Florida's third-largest insurer, will stop writing new residen
SANDOZ, SCRIPPS SIGN ACCORD ON RESEARCH FUNDS, RIGHTS
Journal of Commerce Staff |
Sandoz Pharmaceuticals Corp. Thursday signed a research alliance with the Scripps Research Institute
BRITISH AIRWAYS CEO WAVERS ON DEADLINE FOR USAIR DEAL
Keith M. Rockwell |
The chief executive of British Airways indicated some flexibility Thursday on the deadline for compl
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
SPOT PRODUCT PRICES
JOC Staff |
Dec. 3, 1992 U.S. spot oil product price indications, sellers range, in cents per gallon, f.
PRODUCTION FALLS IN WESTERN GERMANY
Knight-Ridder Financial |
Western Germany's industrial production fell a seasonally adjusted 2.18 percent in October from Sept
GASOLINE PRICES
JOC Staff |
Dec. 3, 1992 RESELLER RACKUnleaded Mid- Premium-Unlead Premium-Unle
ENRON, TRANSCO OFFER TOP BIDS FOR ARGENTINE TRUNK LINES
Knight-Ridder Financial |
Enron Corp. and Transco Energy Co. of the United States submitted the highest bids to purchase 70 pe
17 OIL-EXPLORING AREAS AVAILABLE IN AUSTRALIA
Knight-Ridder Financial |
The Australian government is inviting petroleum companies to apply for 17 new offshore exploration a
TOKYO FINANCIAL EXCHANGE WEAKENED BY PULLOUTS
Journal of Commerce Staff |
The Tokyo International Financial Futures Exchange was weakened since March by the withdrawal of mor
PALLADIUM PRICE HITS 18-MONTH PEAK
(Reuter) |
The price of palladium, a relatively rare metal used by the electrical and automotive industries alo
DIFFERENCES DELAY SIGNING OF NEW COCOA AGREEMENT
Elizabeth Herrington |
Fundamental differences between consumers and producers point to a long road ahead before the signin
SPOT COMMODITIES
JOC Staff |
Dec. 3, 1992 Included are list prices of suppliers. Quotations do not necessarily represent
KUWAIT SAYS NO TO QUOTAS UNTIL CAPACITY IS RESTORED
(Reuter) |
Kuwait will try to keep out of the OPEC quota system until it has restored production capacity to 2.
FREIGHT RATE FUTURES
JOC Staff |
Dec. 3, 1992 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
CALIFORNIA SUPREME COURT OKS REINSURANCE "OFFSETS'
Journal of Commerce Staff |
California's Supreme Court ruled that reinsurers can apply the money owed to them by a bankrupt insu
TRUCKERS LIKE CANADA'S NEW BRIDGE PROJECT
Journal of Commerce Staff |
The funds for a long-planned bridge that will be the first fixed link between the Canadian mainland
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
REPORT SAYS PRICES OF PRECIOUS METALS LIKELY TO STAY WEAK
Jon Cox |
Precious metal prices are likely to remain weak despite an improved outlook in market fundamentals,
INSURANCE BRIEFS
From Wire and Staff Reports |
MASS. SEEKS CHANGE IN WORKERS COMP RATEThe administration of Gov. William Weld of Massachuse
UK REINSURER HIRES EXPERT ON P/C FROM SKANDIA RE
William Pitt |
The board of Mercantile & General, Britain's biggest reinsurance company, is acquiring a very Scandi
CHINA SETS ACCOUNTING RULES FOR MARKET-ORIENTED REFORMS
(Reuter) |
China is sweeping away more than four decades of socialist-style business practices to let enterpris
CHINA PURCHASES SATELLITE FROM US
(Reuter) |
China has bought an orbiting U.S. telecommunications satellite, giving a big boost to its capacity f
WELLSPRING OF ENERGY AWAITS US INDUSTRY
Arthur Gottschalk |
Although Mexico's petroleum sector is generally off-limits to foreigners, the North American free-tr
DEMAND FOR GOLD JEWELRY EXPECTED TO EXCEED SUPPLY BY 500 TONS IN '92
(Reuter) |
Demand for gold jewelry, which has outstripped production from Western mines for the last three year
COMMODITY BRIEFS
From Wire and Staff Reports |
RUSSIA PLEDGES EFFORT ON GRAIN PAYMENTSRussia will do everything it can to resume overdue pa
MEXICAN RAIL CHIEF RUSHES TO MEET DEMANDS OF AGREEMENT
An interview of Jorge Tamayo Lopez by Journal of Commerce |
When Jorge Tamayo Lopez Portillo took over at Ferrocarriles Nacionales de Mexico in April, he inheri
INFRASTRUCTURE GETS MIXED REVIEWS PORT, RAIL SYSTEM RECEIVES LOW GRADES
Journal of Commerce Staff |
Since 1980, Mexico's infrastructure capacity has grown at a faster rate than gross national product
US TO PUSH GLOBAL CRACKDOWN ON UNSAFE SHIPS, OFFICIAL SAYS
Journal of Commerce Staff |
The United States, tired of being "the world's only policeman on maritime safety," will urge the wor
Maritime
UKRAINE INCIDENT UNDERSCORES PROBLEMS IN THE POST-CHERNOBYL NUCLEAR ERA
(Reuter) |
A recent shutdown of a safety system at a Ukrainian nuclear power station illustrates problems plagu
ENVOY: GATT TO SPUR $5 TRILLION OUTPUT BOOST
Knight-Ridder Financial |
The U.S. ambassador to the European Community said Wednesday successful General Agreement on Tariffs
Maritime
ENERGY BRIEFS
From Wire and Staff Reports |
VIETNAM TO IMPORT OIL-DRILLING EQUIPMENTLONDON - The Vietnamese government is planni
UNITEL EYES US PHONE MART AFTER BREAKING CANADA MONOPOLY
(Reuter) |
Unitel Communications Inc., which shattered Bell Canada's century-old monopoly and elbowed into Cana
Maritime
INDIA TEXTILE EXPORTS ROSE 16 PERCENT IN FISCAL HALF
N. Vasuki Rao |
Textile exports during the first six months of fiscal 1992-93 rose 16 percent over the comparable pe
Maritime
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