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INSURANCE BRIEFS
Wire and Staff Reports |
THE ALLIANCE NAMES RODGER S. LAWSONSCHAUMBERG, Ill. - Rodger S. Lawson, Ph.D., was named exe
OPEC SAYS IRAQ'S OIL NEEDED TO MEET DEMAND
From Wire Reports |
The world will need crude oil from Iraq if it wants to keep a lid on prices next winter when demand
WESTERN OIL FIRMS TO LEASE GAS STATIONS IN CZECHOSLOVAKIA
Milan Ruzicka |
As many as six major Western oil companies will be chosen by the end of this week to lease gasoline
THE ECONOMY
From Wire and Staff Reports |
MERCHANDISE TRADE DEFICIT NARROWS IN USWASHINGTON - The U.S. merchandise trade deficit on a
CUSTOMERS' NEEDS RANK AT THE TOP IN INTERMODAL SERVICE
Lawrence H Kaufman |
Successful intermodal players must identify customer needs and wants and set up systems to serve the
JAPAN LIKELY TO BUY TWO AWACS PLANES
(Reuter) |
Japan is likely to buy two U.S. AWACS surveillance aircraft in the fiscal year ending March 1993, de
Maritime
COMPUTER COMPROMISE TO EASE BRAZILIAN LEADER'S VISIT TO US BUT JOINT VENTURES MAY BE POSTPONED
James Bruce |
Brazilian President Fernando Collor de Mello's meeting June 6 with George Bush should go more smooth
Maritime
EC CHAMBER OPENS WASHINGTON OFFICES
Charles W. Thurston |
Some of Europe's most powerful multinational companies opened a trade policy office in Washington W
Maritime
TRADE BRIEFS
From Wire and Staff Reports |
US, JAPAN TRY TO AVERT CONSTRUCTION SANCTIONSA senior Commerce Department official left for
Maritime
INCO NICKEL MINE UNIONS REACH TENTATIVE CONTRACT AGREEMENT
Knight-Ridder Financial |
The negotiating committee representing unions at the Inco Inc. nickel mine- smelting complex in Cana
OCEAN EXPRESS ANNOUNCES STOCK LISTING
Journal of Commerce Staff |
Ocean Express Lines Inc., a Miami-based ship line serving the Caribbean trades, this week listed its
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday May 29, 1991 Prevailing sellers' posted prices at the close of business, represent
ECONOMIC DATA ABROAD
Wire and Staff Reports |
PLANT, MACHINE ORDERS DECLINE IN GERMANYFRANKFURT, Germany - Orders for western German plant
PLANNERS FACE TRICKY BALANCING ACT IN PUTTING TOGETHER PAKISTAN BUDGET
N. Vasuki Rao |
Economic planners in Pakistan are facing a tricky task in trying to satisfy a range of conflicting i
APOSTLE SHIP, OAKLAND AT ODDS OVER LAND
Allen R. Wastler |
The Port of Oakland and a non-profit recreation center for port workers are clashing over relocation
Maritime
CRUISE SHIPS TO BE INSPECTED AFTER COLLISION
From Wire Reports |
The Coast Guard said Tuesday it plans to investigate the cause of a weekend collision that damaged t
Maritime
CROSS-BORDER EQUITY PURCHASES DIPPED IN 1990, REPORT SAYS
From Wire Reports |
Cross-border net acquisitions of equities by international investors plummeted to $17.9 billion in 1
NY PORT AUTHORITY OPENS OFFICES IN ASIA HOPING TO BOOST TRADE SHARE
P.T. Bangsberg |
The Port Authority of New York & New Jersey spread its wings Wednesday with a new office in Hong Kon
Maritime
JAPANESE OFFICIAL WARNS CARRIERS OF SEVERE PROBLEMS THIS YEAR
A.E. Cullison |
Managers of Japan's major shipping lines were warned during a press conference here by a senior offi
Maritime
BOARD NARROWS OPTIONS ON SITE FOR NEW AIRPORT NEAR SEA-TAC
John Davies |
Any new airport to relieve congestion at Seattle-Tacoma International would have to be built near Ta
INDIA'S COMPUTER SECTOR EYES EXPORTS
N. Vasuki Rao |
Political uncertainty and import restrictions slowed the growth of the nascent Indian computer indus
Maritime
JAPAN TO EXPAND REFINING CAPACITY
Knight-Ridder Financial |
Japan's oil industry will expand its refining capacity for the first time in 18 years to meet the e
GASOLINE PRICES
JOC Staff |
May 29, 1991 RESELLER Rack-Prices are in cents per gallonUnleaded Mid- Premi
COST OF CREDIT
JOC Staff |
Wed., May 29, 1991 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
US DOLLAR MOVES UP IN LACKLUSTER MARKET
Knight-Ridder Financial |
The U.S. dollar was broadly higher Wednesday afternoon in slow trading, reflecting a winding down of
US CUSTOMS' GLOBAL DRIVE SPARKS ANGER
Tony Seideman |
The U.S. Customs Service is on a mission to promote customs automation worldwide, angering shippers
FEDERAL SYSTEM SOUGHT FOR COMMERCIAL INSURERS
Janet Aschkenasy |
Four insurance industry giants are seeking support for a federal insurance system that would elimina
US CONSORTIUM WINS TEXAS PACT TO BUILD HIGH-SPEED RAIL SYSTEM
LINDA S. WALLACE Knight-Ridder Newspapers |
The state awarded a contract Tuesday to a U.S. consortium to build a high- speed rail system linking
SINGAPORE GOVERNMENT EMPLOYEE IS CHARGED WITH CORRUPTION
Knight-Ridder Financial |
Senior Singapore government employee Glenn Knight was charged in court Wednesday with five offenses
Maritime
PEOPLE - CHEMICAL
From Wire and Staff Reports |
HIMONT INC. (Wilmington, Del.) - Robert J. Ockun, former vice president of sales and marketing, has
'84 SHIPPING ACT AIDED OCEAN LINES, CONSULTANT SAYS SHIPPERS ALSO HAVE BENEFITED
Craig Dunlap |
Despite falling ocean freight rates and unacceptable carrier profit margins, ocean carriers are bene
AVIATION BRIEFS
From Wire and Staff Reports |
EDEN AIR FREIGHT OPENS NC CARGO STATIONCHARLOTTE, N.C. - Eden Air Freight opened its 27th do
ARGENTINA REMAINS TOP US TEA SUPPLIER
Larry Luxner |
In recent years, geographical and price advantages have catapulted Argentina - better known for meat
Maritime
PEMEX TO BOOST OUTPUT OF UNLEADED GAS BY 50 PERCENT
Knight-Ridder Financial |
Petroleos Mexicanos will increase its unleaded gasoline production capacity by 50 percent, the Mexic
COMMODITY BRIEFS
From Wire and Staff Reports |
AUSTRALIAN FARMERS HURT BY EGYPT DEBTSYDNEY, Australia - Wheat farmers were warned Wednesday
PHILLIPS SEEKS TO ELEVATE STATUS OF PROPANE
John Boyd |
Phillips Petroleum Co.'s fledgling retail propane unit plans to set up a prototype service station h
IRAQI OIL MINISTER SAYS OUTPUT UP
From Wire Reports |
Osama Abdel-Razzak al-Hiti, Iraq's oil minister, Wednesday said Iraq can now produce 700,000 barrels
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of May 29, 1991 Prices in the spot chemicals table include spot quotations or list prices
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,265-$1,275 per ton lots & in warehouse min. 99.
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) May 29, 1991Bid AskedCopper-G
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