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LLOYD'S OF LONDON TO LAUNCH REVIEWS OF BIG INSURANCE LOSSES
From Wire Reports |
The Lloyd's of London insurance market, currently facing unprecedented legal action, plans independe
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of May 2, 1991 Prices in the spot chemicals table include spot quotations or list prices
NY OIL OPTIONS
JOC Staff |
New York Mercantile Exchange May 1, 1991CRUDE OIL(1,000 barrels; dollars and cents p
SPOT PRODUCT PRICES
JOC Staff |
May 2, 1991 U.S. spot oil products price indications, sellers range, in cents per gallon, f.
JUDGE'S OPINION ON PREGNANT WOMEN ON SHIP CREWS WON'T BE PRECEDENT
Robert J. Attaway |
Recently, Supreme Court Justice Scalia wrote an opinion in which he stated pregnant women might leg
Maritime
MULTINATIONAL COMPANIES FIND EDI HAS BECOME A COMPETITIVE MUST
Tony Seideman |
Paperless trading capability and the business practices it fuels are already competitive necessities
DRUG TRADE HELD THREAT TO COLOMBIA ENVIRONMENT
(Reuter) |
Colombian President Cesar Gaviria said Tuesday the cocaine plantations and processing factories inst
Maritime
DISTRIBUTION UNIT CREATED BY DONNELLEY
Journal of Commerce Staff |
R.R. Donnelley & Sons Co. has created a new distribution unit. The new unit, R.R. Donnelley
FINANCIAL BRIEFS
Wire and Staff Reports |
HONG KONG ECONOMISTS EXPECT PRIME RATE CUTHong Kong economists said they expect the local be
MAJOR BANKS CUT PRIME TO 8.5 PERCENT AFTER FED ACTS
(Reuter) |
The nation's biggest banks cut their prime lending rates Wednesday by half a percentage point to 8.5
SKIES BEGIN TO CLEAR FOR STRONGEST US LINES
(Reuter) |
Strong airlines will get stronger and the weak will get weaker as the rapidly changing industry flie
CYCLONE IN BANGLADESH MAY HIT APPAREL TRADE
Pei-Tse Wu |
The cyclone that swept through and devastated much of the southern coast of Bangladesh this week co
Maritime
EC PANEL TO MONITOR JOINT RESEARCH IN CHIP SECTOR
Journal of Commerce Staff |
The European Community Commission said it will closely scrutinize any attempt by Europe's loss-makin
Maritime
ALGERIA BUILDING NUCLEAR REACTOR
From Wire Reports |
Algeria acknowledged that China was helping it build a nuclear reactor, but said it was for peaceful
GENTILE SUBMITS RESIGNATION FROM NATION'S TOP COAL POST
Tim Sansbury |
Robert Gentile, the Bush administration's top-ranking official on coal industry matters, submitted h
NYMEX SAYS IT WILL COOPERATE WITH EXCHANGE RELOCATION
Howard Simon |
The board of the New York Mercantile Exchange voted 12 to 6 in favor of cooperating with the five Ne
ADVISORY GROUP ON CONFERENCES SUBMITS IDEAS ON ISSUES
WILLIAM DiBENEDETTO |
A congressional-industry advisory commission on ocean carrier conferences is still struggling to def
Maritime
HIGHLIGHTS OF ACTION PLAN FOR MEXICO TRADE AGREEMENT
Richard Lawrence |
The highlights of the Bush administration's action plan for negotiating a North American free-trade
UNION CARBIDE PLANS TO CUT EMISSIONS
Journal of Commerce Special |
Union Carbide Corp. said Wednesday it will cut at least 50 percent of its emissions and off-site tra
COST OF CREDIT
JOC Staff |
Wed., May 1, 1991 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
BALTIC FREIGHT INDEX
JOC Staff |
1624 (May 1, 1991) Previous day - 1626 The Baltic International Freight Futures Market in Lo
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
May 1, 1991 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 27.00
PERSIAN GULF STATES TO FEEL PINCH AS INVESTORS HOLD BACK
(Reuter) |
It's not gloom anymore in the Persian Gulf, but it's not boom either. As postwar euphoria subsides,
KERKORIAN WAITS TWA-AMR ACTION
(Reuter) |
Billionaire Kirk Kerkorian is frustrated by issues surrounding a critical route deal and is waiting
AMERICAN BUSINESSES URGED TO DEVELOP STRATEGIES TO COMPETE ABROAD, DEFEND MARKETS AT HOME
Craig Dunlap |
U.S. businesses are waking up to the global challenge and improving their products and services, but
Maritime
INTERNATIONAL LOANS
Journal of Commerce Staff Report |
$500,000 from the Inter-American Development Bank for credits, training and advisory services for sm
Maritime
COMMODITY BRIEFS
From Wire and Staff Reports |
HOUSE PANEL SUPPORTS WATER, SUBSIDY CHOICEWASHINGTON - Western U.S. farmers would be forced
US INVENTORIES OF CRUDE OIL RISE IN WEEK, API SUPPLY BULLETIN SAYS
Journal of Commerce Staff |
U.S. crude oil inventories increased by 3.8 million barrels during the week ended April 26, compared
TRANSPORT CALENDAR
JOC Staff |
Council of Logistics Management, Central, Eastern and Western Michigan round tables present seminar
Air Cargo
INSURANCE BRIEFS
JOC Staff |
PA. ANNOUNCES LIMITS ON AUTO RATE HIKESHARRISBURG, Pa. - Insurance Commissioner Constance B.
TEXAS REVISES WORKERS COMP SURCHARGE RULE
Brigitte Maxey |
The Texas Insurance Board passed a temporary emergency measure Tuesday that will allow a surcharge
DUTCH, BELGIAN GROUP REPORTS INCREASED NET
William Pitt |
AMEV/VSB-AG, the Dutch and Belgian insurance group formed last December, reported a 3 percent rise i
SPOT COMMODITIES
JOC Staff |
May 1, 1991 Included are list prices of suppliers. Quotations do not necessarily represent p
ATTENTION TURNS TO RATE HIKE FOR AIR CARGO INDUSTRY
Bill Mongelluzzo |
Now that air cargo lift capacity on most trans-Atlantic and trans-Pacific routes is returning to nor
HONG KONG SHIPPERS CRITICIZE TERMINAL OPERATORS' BOX-HANDLING PLAN
P.T. Bangsberg |
A simmering row over where containers should be handled took a new turn with local shippers weighing
Maritime
TRUCK GROUP BLASTS HOUSE PROPOSAL TO HIKE FUEL TAXES
Geoffrey H. Brown |
The American Trucking Associations said it would strongly oppose a House Democratic proposal to boos
PAPERLESS TRADING ALREADY SAVES MANY FIRMS MILLIONS OF DOLLARS
Tony Seideman |
Many companies already are saving millions of dollars a year using paperless trading technology, a k
FRENCH MOVE TO RESOLVE IRAN FINANCIAL DISPUTE
Knight-Ridder Financial |
French Foreign Minister Roland Dumas will visit Iran Friday and Saturday after an official visit to
THAILAND USES A LOOPHOLE TO BOOST ITS TEXTILE EXPORTS TO THE US
Mark Magnier |
Recent progress toward a U.S.-Thai textile agreement, analysts say, is part of aa very shrewd, high-
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