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TRADE BRIEFS
Wire and Staff Reports |
JAPANESE FIRMS EXPECT LITTLE WORK IN GULFJapanese companies are casting longing eyes at pote
Maritime
EXPIRING MARCH CONTRACT PUSHES SUGAR LOWER
Knight-Ridder Financial |
The expiring March sugar futures on the New York Coffee, Sugar and Cocoa Exchange plummeted 83 point
3M, JAPANESE FIRM FINALIZE VENTURE
Journal of Commerce Staff |
3M Corp. of St. Paul, Minn., and Daikin Industries Ltd., of Osaka, Japan, said they are finalizing a
MANAGING TRAFFIC
Greg Johnson |
EVER SINCE THE U.S. POSTAL SERVICE and United Parcel Service raised their rates earlier this month,
USERS UNSURE OF BENEFITS OF TWO NEW EDI GROUPS
Tony Seideman |
Members of the paperless trading support and service community have established two newbodies to hel
JOBLESS CLAIMS DECLINE IN WEEK
From Wire Reports |
New claims for state unemployment insurance benefits were made by 488,000 people during the week end
SEABORNE COAL TRADE SEEN THREATENED BY NATURAL GAS UTILITIES EXPECTED TO CONSIDER SWITCH
Leo Ryan |
The strong growth of seaborne trade in thermal coal will be threatened during the second half of thi
Maritime
THE ECONOMY
From Wire and Staff Reports |
CONSUMER SPENDING, INCOME PLUNGEWASHINGTON - Personal income dropped sharply in January, con
US PRODUCERS TRY TO HOLD LINE ON COAL PRICES IN BRAZIL TALKS
Tim Sansbury |
Major U.S. coking coal producers supplying Brazil's steel mills under long- standing agreements are
PARRIS TO SEEK NEW PRODUCTS FOR SEAWAY MOVEMENT
WILLIAM DiBENEDETTO |
Stanford E. Parris says his major job as administrator of the Saint Law-rence Seaway Development Cor
Maritime
KUWAITI WELLS COULD BLAZE FOR A YEAR, FIREFIGHTERS SAY
From Wire Reports |
Kuwait's blazing oil wells, posing a daunting challenge to firefighters, may still be belching smoke
INDIA FINDS OIL, SEEKS TO DIVERSIFY SOURCES
N. Vasuki Rao |
The state-owned oil and natural gas commission has made nine discoveries of oil and gas in the Bomba
JAPANESE OFFICIA LS ARE NOT READY TO BROADEN THE POWERS OF BANKS
Larry Holyoke |
Japan's Ministry of Finance may not get a final answer this year from the Securities and Exchange Co
PEOPLE - FINANCIAL
Wire and Staff Reports |
AMERICAN EXPRESS BANK LTD. (New York) - Steven D. Goldstein, 39, was named president and chief execu
US DOLLAR MOVES HIGHER ON ECONOMIC OPTIMISM
Knight-Ridder Financial |
The U.S. dollar traded broadly higher Thursday afternoon on new optimism about the U.S. economy with
EXPORT FINANCING RESUMES FOR BRAZILIAN CAPITAL GOODS
James Bruce |
After a five-month interruption, a new line of long-term export finance for Brazilian capital goods
Maritime
AMOCO ORDERS TWIN-HULL TANKER
Journal of Commerce Staff |
Amoco Transport Co. ordered a 280,000-deadweight-ton tanker with a doublehull to be built in
Maritime
AIG EARNINGS ROSE FOR FOURTH QUARTER
From Wire Reports |
American International Group Inc. reported operating income for the fourth quarter ending Dec. 31 ro
ALASKA, EXXON AGREE ON SETTLEMENT FRAMEWORK
(Reuter) |
The state of Alaska and federal agencies reached agreement with Exxon Corp. on a framework to settle
Maritime
ASIAN FUTURES
JOC Staff |
Feb. 28, 1991 JAPANFinancial FuturesJapanese Gov't BondsPer 10-year, 6% bond
SENATORS VOICE OBJECTION TO CUTS IN FEDERAL FUNDING FOR US HIGHWAYS
Geoffrey H. Brown |
The Bush administration's proposed highway bill came under fire Thursday from several members of a S
PRODUCTS MARKETPLACE
From Wire and Staff Reports |
ACRYLIC LATEXES Reichhold Chemicals Inc. said it will raise prices of its acrylic latexes so
INSURANCE BRIEFS
Wire and Staff Reports |
BRITISH AMERICAN LIFE REFOCUSES IN MALAYSIABritish American Life & General Insurance Co. wil
CONGRESS SETS 'FAST-TRACK' PRICE
John Maggs |
The Bush administration faces an uphill battle to gain congressional approval for extension of trade
COPPER GAINS ON CEASE-FIRE, HOPES FOR INCREASED DEMAND
Howard Simon |
Copper prices rose Thursday on news of a cease fire in the Persian Gulf war but bullishness was temp
ASARCO HIKES SPOT COPPER PURCHASES
Knight-Ridder Financial |
Asarco Inc. has increased its purchases of copper from the merchant market for the first quarter of
PA. CLOSE TO IMPLEMENTING FUND FOR UNDERGROUND TANK INSURANCE
Journal of Commerce Special |
Pennsylvania's state-operated insurance fund for the coverage of underground storage tanks - mostly
NEWLY FORMED GROUP STRIVES TO IMPROVE FORWARDERS' IMAGE STRONGER TRUCK TIES ARE AMONG GOALS
R.G. Edmonson |
Air freight forwarders, striving to improve their image, are out to strengthen ties with truck draya
MARITIME CALENDAR
JOC Staff |
FOREIGN TRADE ZONES SEMINAR. March 5. Indianapolis, Ind. Presented by Greater Indianapolis Foreign T
Maritime
JON JACOBS MARITIME EDITOR
JOC Staff |
Jon Jacobs, 36, joined The Journal of Commerce as maritime editor in June 1988. A transporta
US INDICTS TRIO ON CHARGES OF ILLEGAL BANK LOANS TO IRAQ
(Ap) |
Attorney General Dick Thornburgh announced the indictment of the former manager of the Atlanta branc
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Feb. 28, 1991 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 27.5
COMMODITY BRIEFS
From Wire and Staff Reports |
TAIWANESE BUY ARGENTINE CORNTAIPEI, Taiwan - Argentine corn is set to make significant inroa
INDUSTRY AIMS TO PERK UP NATIONAL CONSUMPTION
Knight-Ridder Financial |
The U.S. coffee industry is looking to market researchers to help boost national coffee consumption
CANADA CONNECTION WOULD BE BOON FOR CAROLINA TRADE, EXPERTS SAY
Ed Martin |
In what could prove a happy coincidence for air travel in the Carolinas, several unrelated events bo
DOMINICAN REPUBLIC FUEL CRISIS EASES BUT SHORTAGES, BLACKOUTS CONTINUE
Larry Luxner |
Long lines no longer form at gasoline stations, and Santo Domingo residents are thrilled to have ele
SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Feb. 28, 1991Dubai Crude Oil - (Dollars Per Barrel
AVIATION BRIEFS
Wire and Staff Reports |
CONSORTIUM TO BUILD SOVIET TRAFFIC SYSTEMNEW YORK - A new consortium plans to give the Sovie
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
US AND JAPAN MAY CLASH OVER POSTWAR GULF AID
From Wire Reports |
Once the Persian Gulf conflict is over, Japan and the United States may clash over how to channel th
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