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FINANCIAL BRIEFS
Wire and Staff Reports |
MOODY'S MAY REDUCE DAIWA BANK'S RATINGMoody's Investor Service has placed Daiwa Bank Ltd. un
INDICTMENT EXPECTED SOON IN ATTEMPT TO SMUGGLE MISSILES FROM THE US
Milton G. Allimadi |
An indictment may soon be handed down in Florida in an alleged arms smuggling case involving an aide
Maritime
FINANCING TRADE - GORDON PLATT S. AFRICAN MARKET LIKELY TO ATTRACT US PENSION FUNDS
Gordon Platt |
U.S. institutional investors may soon begin pumping large sums of money into South African securitie
END OF BRAZIL CRISIS COULD ATTRACT CAPITAL
Special to The Journal of Commerce |
Some $25 billion worth of new foreign capital could enter Brazil on short notice, much of it by U.S.
Maritime
JAPANESE MINISTERS DENY INVOLVEMENT IN SCANDAL
(Reuter) |
Almost the entire Japanese Cabinet went on record Tuesday to deny accepting political funds from a t
Maritime
STEEL EXPORTER'S SHIFT TO LONG BEACH IRKS LA
Kevin G. Hall |
Port of Los Angeles officials are miffed that a steel terminal operator withdrew its application for
Maritime
INDIA EASES RULES ON PURCHASES OF NEW, SECONDHAND SHIPS
N. Vasuki Rao |
The Surface Transport Ministry has announced it is further easing controls on ship acquisitions.
Maritime
MARITIME BRIEFS
Wire and Staff Reports |
SOUTHWEST MARINE GETS SHIP-RENOVATION PACTSouthwest Marine Inc. received a $9.6 million cont
Maritime
INTERMODAL FIRMS TAKE ROOT AS CHANNEL TUNNEL NEARS
Phillip Hastings |
European rail authorities are forming new intermodal rail/road freight companies, often as joint ven
SHIPOWNERS SAY LEVY ISN'T ANSWER TO MALAYSIA'S SAFETY PROBLEMS
Mark Magnier |
A proposal by Malaysia's prime minister to levy a safety fee on all vessels passing through the Stra
Maritime
POTENTIAL USERS OF CHANNEL TUNNEL CRITICIZE BRITISH RAIL'S FREIGHT PLANS
Phillip Hastings |
Potential U.K. users of Channel Tunnel intermodal freight services still have no confidence in the a
INSIDE TALK - LARRY KAUFMAN ADVICE TO RAIL LABOR, MANAGEMENT: DON'T BASH YOUR OWN TEAM
Larry Kaufman |
This is a tough time to be a rail union leader. Rail labor is locked into agreements that we
FREIGHT SEEN DOWN THE LINE
Kevin G. Hall |
An aspiring commuter rail company in Texas hopes to use the proposed North American free-trade agree
US AND CANADA MAKE SOME PROGRESS IN AIR TALKS, BUT MAJOR DIVISIONS REMAIN
Leo Ryan |
The United States and Canada are moving closer to a new bilateral air transport agreement, although
TRANS-ATLANTIC TRUCKING COMPETITION HEATS UP AS YELLOW LAUNCHES SERVICE
Dane Hamilton |
Yellow Freight System Inc., following in the footsteps of its two nearest competitors, announced Tue
NEIMAN MARCUS EXPECTS TO GAIN NEW BUSINESS WITH AIR DELIVERIES
William Armbruster |
Neiman Marcus expects to gain enough additional business from its selection of Federal Express Corp.
TALKS RESUME ON HONG KONG AIRPORT
Journal of Commerce Staff |
A new round of talks gets under way today to try to settle the Sino-British deadlock over Hong Kong'
VANCOUVER AIRPORT SEEKS TO DOUBLE SIZE OF CARGO COMPLEX
John Davies |
With approval already in hand for a $250 million runway and terminal expansion, Vancouver Internatio
CORPS GAINS MORE SUPPORT FOR POLICY OF CURBING MISSOURI RIVER BARGE TRAFFIC
John Boyd |
The U.S. Army Corps of Engineers' policy of placing unusual curbs on Missouri River barge traffic to
TRANSPORT BRIEFS
Wire and Staff Reports |
LUFTHANSA OPENS NEW CHICAGO FACILITYLufthansa German Airlines cuts the ribbon today official
PRESTON TRUCKING EXPANDS NEXT-DAY SERVICE TO MIDWEST
Dane Hamilton |
Preston Trucking Co. has announced the expansion of its guaranteed next-day service to the Midwest,
CHICAGO FUTURES EXCHANGES ADVANCE CLEARING PLAN
WILLIAM B. CRAWFORD Jr. |
In a dramatic about-face for the exchanges, high-level sources at the Chicago Board of Trade and the
KANSAS CHEMICAL MAKER ELIMINATES $20 MILLION IN DEBT BY REORGANIZING
Frank Garofalo |
Pawnee Industries, a Wichita-based manufacturer of plastic and composite products, has completed a f
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Sept. 8, 1992 Prices in the spot chemicals table include spot quotations or list price
BOARD OF TRADE PICKS SUN WORKSTATIONS
JOC Staff |
The Chicago Board of Trade and Sun Microsystems Computer Corp., a workstation and server supplier, T
COMMODITY BRIEFS
Wire and Staff Reports |
TAIWAN WILL LOWER SOYBEANS IMPORT DUTYTAIPEI, Taiwan - Taiwan's Finance Ministry has decided
BRAZILIANS BLAST US WHEAT SUBSIDIES, MAY DECIDE TO BAN PRIVATE IMPORTS
James Bruce |
Three Brazilian ministers were scheduled to meet Tuesday to discuss the possibility of blocking purc
BUSH PROPOSES $7.6 BILLION IN HURRICANE AID
(Reuter) |
President Bush asked Congress Tuesday for a supplemental money bill totaling more than $7.6 billion
ASIAN FUTURES
JOC Staff |
Sept. 8, 1992 JAPANFinancial FuturesPrecious MetalsTokyo Commodity E
PLANE MAKERS HARDEST HIT BY LIABILITY, STUDY SAYS
Paul Dykewicz |
The high cost of insurance due to heavy liability claims has "devastated" U.S. manufacturers of ligh
ANALYSTS AGREE WITH CASTRO TALLY OF SUGAR HARVEST
Blair Pethel |
In a rare instance of unanimity, sugar analysts are generally in agreement with Cuban President Fide
COMEX METAL WAREHOUSE
JOC Staff |
Sept. 8, 1992 Copper Total, 40,412. Gold Total, .1,762,445.Silver Total, .273
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Friday at 203.16 up0.69 which comp
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Year Daily Smoothed Ago Ago Ago9/8 9/4 Change % Change: 8/13
EUROPEAN REINSURANCE STUDY SHOWS POOR RETURN ON CAPITAL
William Pitt |
Europe's top 20 reinsurers made a meager 1 percent average return on capitalfrom their core
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Sept. 8, 1992Bid AskedCopper_
CHILEAN COPPER MINE EXPANSION TO PROCEED
Pablo Bachelet |
At the end of this year Minera La Escondida, operator of the Chile Escondida copper mine, expects to
PORT KELANG STOCK OFFERING TO RAISE MONEY FOR GROWTH 50 MILLION SHARES TO GO ON SALE
Mark Magnier |
Proceeds from a public stock offering at Malaysia's largest containerport will be used for continued
Maritime
AUTO SHOW STIRS UP MOTOR MANIA IN MOSCOW CADILLAC LIMO IS SHOWCASE CHAMP
Jon Auerbach |
For the Muscovite ready for a premium trade-in on that rusty Zhiguli, the answer has come in the for
MARITIME BRIEFS
Wire and Staff Reports |
LYKES TO HELP VICTIMS OF HURRICANE ANDREWLykes Bros. Steamship Co., which operates extensive
Maritime
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