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NETWORK SHIPPING STARTS US-COSTA RICA SERVICE
Craig Dunlap |
Network Shipping Ltd. of Coral Gables, Fla., launched Wednesday a new weekly independent service bet
Maritime
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Mar. 20, 1991Bid AskedCopper-
KEPPEL YARD COMPLETES SHIP CONVERSION
Journal of Commerce Staff |
Keppel Shipyard said it just completed a four-month $10 million ship project to convert a tanker int
Maritime
US-SOVIET VENTURE TO USE COUNTERTRADE OIL, TRANSPORT DEALS PLANNED
Gordon Platt |
A U.S.-Soviet trade finance company formed this week will use commodity- linked financing and counte
CHINESE CANADIANS SEEK APOLOGY, REDRESS FOR HEAD TAX
From Wire Reports |
Chinese Canadians, whose ancestors were charged a head tax for immigrating to Canada between 1885 an
Maritime
SOVIET TURMOIL SLOWS PROGRESS OF PLANNED IOWA TRADE AGENCY
John Boyd |
Soviet political unrest has delayed plans by a Des Moines, Iowa-based agribusiness export promotiona
Maritime
ROMANIAN MINISTERS RESIGN OVER SUBSIDIES
Knight-Ridder Financial |
Romanian Finance Minister Teodor Stolojan and Industry and Trade Minister Anton Vatasuscu resigned W
Maritime
AMERICAN PRESIDENT COS. BUYS OUT ITEL CORP. IN $78 MILLION DEAL
Allen R. Wastler |
American President Cos. bought back its stock from Itel Corp. for approximately $78 million.
STRIKE COLLAPSES AT GDANSK YARD
From Wire Reports |
An unofficial strike at the Gdansk shipyard, which gave birth to the Solidarity trade union, collaps
Maritime
CALIFORNIA INSURERS RISE UP TO BLOCK RATE-CUT HEARINGS
Jerry Goldberg |
Almost 100 insurers joined in a legal action this week that would prevent California Insurance Commi
COMMODITY BRIEFS
From Wire and Staff Reports |
MEXICO METALS REFINER TO LIFT FORCE MAJEUREMexico's largest metals refiner/smelter, Industri
AFFILIATES' MERGERS COULD PAVE WAY FOR AGENTS' NATIONAL CONSOLIDATION
Aviva Freudmann |
One of two groups representing independent insurance agents said this week it will encourage mergers
FINANCIAL BRIEFS
Wire and Staff Reports |
EXPORT CREDIT EMBARGO URGED ON MIDEAST ARMSThe International Monetary Fund's top executive c
TRADE BRIEFS
From Wire and Staff Reports |
EC TO PROBE MERGER OF NON-EC COMPANIESBRUSSELS, Belgium - The European Commission said Tuesd
Maritime
PRO-UNION VOTE IN SOVIET UNION MAY BE PREFACE TO UNREST
Michael S. Lelyveld |
President Mikhail S. Gorbachev appears to have won a victory, but the victory is far less than it ap
Maritime
US TOOL MAKERS SEEK EXTENDED IMPORT RELIEF
Richard Lawrence |
U.S. machine tool manufacturers have decided to press for an extension of export controls by Japan a
Maritime
RICE INCIDENT MAY HURT JAPAN TRADE
William Armbruster |
"Incredible, incredible," said Yukio Okamoto, shaking his head in disbelief after reading a newspape
MARUBENI PLANS CHINA VENTURE TO PRODUCE COAL-WATER FUEL
A.E. Cullison |
Marubeni Corp., one of Japan's largest trading houses, announced Tuesday it may soon launch a joint
TRUCK FREIGHT RATES POISED TO RISE AS SHAKEOUT ENDS
Allen R. Wastler |
Truck freight rates are likely to increase over the next two years as the trucking industry emerges
USDA UNDERSECRETARY JACK PARNELL TO RESIGN
Knight-Ridder Financial |
U.S. Department of Agriculture Undersecretary Jack Parnell, the second- ranking agriculture official
SWISS CHEMICAL EXPORTS ROSE BY 3.4 PERCENT DURING 1990
John Zarocostas |
Swiss chemical exports in 1990 posted a 3.4 percent increase to reach 18.4 billion Swiss francs ($13
INSURANCE BRIEFS
Wire and Staff Reports |
HANCOCK TRIMS 400 FROM ITS RETAIL FORCEJohn Hancock Financial Services Tuesday reported the
ENERGY BRIEFS
Wire and Staff Reports |
KUWAIT RECONSTRUCTION COULD DELAY US PLANTSThe rush of oil service companies to get reconstr
SOVIET EXPORTS OF OIL PLUNGE
Knight-Ridder Financial |
Soviet oil exports have been reduced by half, cutting badly needed foreign currency earnings and imp
ENRON CUTS GAS OUTPUT, CITES PRICES, OVERSUPPLY
Knight-Ridder Financial |
Enron Oil and Gas Co., citing "chaotic" market conditions, reduced natural gas production by an unsp
STIPEND TO CUSHION PRICE HIKE FOR SOVIETS
Mark D. Berniker |
The Soviet government today begins handing out packets of rubles to citizens nationwide in hopes of
PAKISTAN TO BUILD PORT TO EASE KARACHI CRUNCH
N. Vasuki Rao |
The Pakistani government approved the creation of another port as an alternative to Karachi, which i
Maritime
2 JAPANESE LINES WILL SHARE SHIPS ON PACIFIC ROUTES
A.E. Cullison |
Two major Japanese shipping lines announced agreement Tuesday to resume joint container services on
BRAZILIANS PLAN TO SETTLE LLOYD BRASILEIRO DEBTS
Leeann Lodder |
Brazil's beleaguered state-owned shipping line will complete negotiations to pay the majority of its
MEXICAN DEMAND FOR US BEEF SEEN GROWING
Knight-Ridder Financial |
Mexico will be in the market for U.S. beef in early April to help meet consumer demand in Mexico Cit
EXPANSION WORK UNDER WAY AT THAMESPORT BOX FACILITY
Journal of Commerce Staff |
Work to double the capacity of the new Thamesport container facility near London has begun just 10 m
Maritime
FEDERAL SOLVENCY BILL SEEN RELYING ON STATE REGULATION
Aviva Freudmann |
The federal insurance solvency bill now being drafted in the House Energy and Commerce Committee is
3 TAIWAN BANKS TO BE PRIVATIZED
Journal of Commerce Special |
The Taiwanese government plans to sell 46 million shares in three banks as its first step in privat
COMEX METAL WAREHOUSE
JOC Staff |
Mar. 19, 1991 Copper Total, 17,987. Gold Total, .1,385,252.Silver Total, .262,012,356.
NEWS SUMMARY
JOC Staff |
* Gordon Platt - Financing Trade 3A * U.S. Tool Makers Seek Relief From Japan, Taiwan 3A* Go
COMMODITY BRIEFS
From Wire and Staff Reports |
HOUSE PANEL OKS BILL TO BOOST BONUS FUNDSWASHINGTON - The House Foreign Affairs Committee Tu
CARGILL DENIES WRONGDOING IN CUBAN SUGAR DEAL
(Reuter) |
Cargill Inc., the giant commodity trading house, said Monday that it sold Cuban sugar to Venezuela i
SIMMONS SELLS STAKE IN LOCKHEED, ENDING TWO-YEAR TAKEOVER BATTLE
From Wire Reports |
Investor Harold Simmons ended his long battle for control of Lockheed Corp. Monday, selling nearly a
BATTLE BREWS OVER ATTEMPT TO AMEND PUBLIC UTILITY HOLDING COMPANY ACT
Arthur Gottschalk |
In the complex, contentious world of electric utility regulation, there's always a battle brewing.
SPOT PRODUCT PRICES
JOC Staff |
Mar. 19, 1991 U.S. spot oil products price indications, sellers range, in cents per gallon,
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