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OIL EXPORTS TO BE TAXED IN RUSSIA
(Reuter) |
Russia will slap a tax on crude oil exports next month to prevent exportersfrom shipping low
TRADE DEFICIT DOWN IN SINGAPORE
Knight-Ridder Financial |
Singapore's trade deficit narrowed to US$490 million (S$803 million) in January from S$1.185 billion
LYKES FLAGSHIP TO STAR IN DEBUT OF CHARTER PACT WITH SAFBANK
Journal of Commerce Special |
Lykes Bros. Steamship Co.'s new flagship, Doctor Lykes, was scheduled to sail this weekend in the de
Maritime
HONG KONG BUSINESS CONFIDENCE IMPROVES ALONG WITH LOCAL ECONOMY
Nicko Goncharoff |
Hong Kong business confidence has grown after a slow start this year as China appears set to retain
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange Mar. 2, 1992Prev. Life of Contr. OpenOpen High Low
COST OF CREDIT
JOC Staff |
Mon., Mar. 2, 1992 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
EXPORT REVIVAL HELD KEY TO NICARAGUAN GROWTH
Shelley Emling |
A plan to breathe life into Nicaragua's economy lacks bold measures to promote non-traditional expor
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Mar. 2, 1992 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Mar. 2, 1992Residual Fuel Oil - (Dollars Per Metri
INSURANCE BRIEFS
From Wire and Staff Reports |
APPEALS COURT UPHOLDS CHAMPION SENTENCESThe 5th U.S. Circuit Court of Appeals this week uphe
PEOPLE - INSURANCE
From Wire and Staff Reports |
Edward B. Kozemchak joined the international accounting and benefits consulting firm as director in
FEDERAL REGULATORY AGENCY FOR INSURANCE ADVOCATED
Paul Dykewicz |
Creating a new federal agency to regulate the insurance industry would mean more regulatory accounta
INTERNATIONAL BUNKER PRICES
Journal of Commerce Special |
The following is the list of bunker prices obtained during the course of week ending Feb. 28, 1992.
TERMINAL FEE LEGAL, FMC JUDGE TELLS US MEAT IMPORTERS
Bill Mongelluzzo |
A Federal Maritime Commission judge upheld the legality of a terminal-handling charge that U.S. impo
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations, provided by Citibank/New York, Foreign Exchange Desk, are offered rates of New York City
AMERICAN HAWAII PULLS LINER FROM SERVICE TO PROBE ILLNESSES
(Reuter) |
American Hawaii Cruises last week removed one of its liners, the Independence, from service because
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Mar. 2, 1992 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
COMEX METAL WAREHOUSE
JOC Staff |
Mar. 2, 1992 Copper Total, 29,233. Gold Total, .1,435,591.Silver Tota
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Mar. 2, 1992Bid AskedCopper_G
COMMODITY BRIEFS
From Wire and Staff Reports |
JAPAN TO REDUCE PRICES OF IMPORTED FROZEN BEEFTOKYO - The Ministry of Agriculture, F
FRIENDS OF THE EARTH TO DROP AMOCO SHAREHOLDER PROPOSAL
Journal of Commerce Staff |
Friends of the Earth said it is withdrawing a shareholder proposal submitted to Amoco Corp. calling
MARITIME BRIEFS
Wire and Staff Reports |
EXPEDITORS INTERNATIONAL LAUNCHES NEW SERVICESeattle-based freight forwarder Expeditors Inte
Maritime
THE ECONOMY
Wire and Staff Reports |
PURCHASERS' INDEX ROSE TO 52.4 PERCENT IN FEBRUARYThe National Association of Purchasing Man
LIBYA REJECTS LOCKERBIE SUSPECTS PROPOSAL
Knight-Ridder Financial |
Libyan leader Moammar Gadhafi rejected a Russian proposal Monday to surrender to the United Nations
SHIPPING LINES IN ASIA DISCUSS CAPACITY PACT
P.T. Bangsberg |
Intra-Asian carriers have begun consultations about reducing or stabilizing ship capacity, days afte
TRADE BRIEFS
From Wire and Staff Reports |
BUSH VETOES CONDITIONS ON CHINA'S MFN STATUSPresident Bush Monday vetoed a bill passed by Co
Maritime
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Mar. 2, 1992 Prices in the spot chemicals table include spot quotations or list prices
KEPPEL PHILIPPINES POSTS 6 PERCENT RISE IN '91 PROFIT
Mark Magnier |
The Philippines subsidiary of Singapore-based Keppel Corp. posted a 6 percent increase in after-tax
Maritime
CUBA TO SUPPLY SUGAR TO CHINESE, IRANIANS
(Reuter) |
Cuba, the world's biggest sugar exporter, has contracts to deliver nearly 900,000 metric tons of raw
CRUISE LINES RACKED UP RECORD BOARDINGS IN '91
JOC Staff |
The cruise industry ended 1991 almost as strongly as it started the year, enjoying a record number o
Maritime
CNW CLEARS WAY FOR NEGOTIATIONS ON NEBRASKA PROPOSAL TO LEASE TRACK
Patricia Crisafulli |
Chicago & North Western Transportation Co. has submitted a long-awaited response to a proposal that
INDONESIAN CRASH BLAMED ON METAL FATIGUE
(Reuter) |
Indonesia's air force chief has blamed metal fatigue in a U.S.-made Hercules C-130 for the country's
EC NOT READY TO LAUNCH MASSIVE AID TO EX-USSR
Bruce Barnard |
European Community foreign ministers Monday ruled out a Marshall Plan-style aid package for the repu
Maritime
CHINA MAY ACCEPT BARTERING IN E. EUROPEAN COAL EXPORTS
P.T. Bangsberg |
China says export orders for coal are "pouring in" from many areas, especially Eastern Europe, altho
EC EXPECTED TO OK FRENCH AID TO GROUPE BULL
Keith M. Rockwell |
International Business Machines Corp.'s $100 million investment in Groupe Bull should clear the way
INSURER LAUNCHES ASSAULT ON FRAUD
From Wire Reports |
Industrial Indemnity Co. has launched an assault on workers compensation fraud with the creation of
TYPHOON DAMAGE CLAIMS HIT JAPAN INSURERS HARD
A.E. Cullison |
Last autumn's biggest typhoon may wash away profits for Japan's five largest marine insurance compan
BRANDT AIMS TO SELL SHORT LINES A LOCOMOTIVE THAT CAN HIT THE ROAD
Gregory S. Johnson |
Think of it as a locomotive you can run on the highway. It's called the Brandt Road Rail Pow
ROADWAY PACKAGE SYSTEM EXPANDS 2ND-DAY AIR SERVICE
Journal of Commerce Staff |
Roadway Package System said Monday it has expanded its second-day service for air freight. T
INDIAN GOVERNMENT RELAXES EXCHANGE, INVESTMENT RULES
N. Vasuki Rao |
What's described as a "ground-breaking" budget introducing partial convertibility of the rupee and r
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