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TRADITIONAL CUSTOMS ROLE IS CHANGING, OFFICIAL SAYS
Journal of Commerce Staff |
The traditional "stand-and-deliver" customs system increasingly is obsolete, said a panelist discuss
INDIA DRAFTS GAS POLICY TO REDUCE OIL DEPENDENCE
N. Vasuki Rao |
The government is drawing up a comprehensive natural gas policy, spurred by the sharp rise in crude
OIL FUTURES FALL AFTER HITTING $41
From Wire and Staff Reports |
West Texas Intermediate crude oil futures on the New York Mercantile Exchange fell in late trading W
TIM SANSBURY'S INSIDE TALK ON COAL
Tim Sansbury |
FOR THOSE COAL PRODUCERS AND CONSUMERS holding out hope that the federal budget morass will help pro
GULF CRISIS HITS SOVIETS DESPITE HIGHER OIL PRICES
From Wire Reports |
The Soviet Union will suffer about $700 million in lost trade by year-endbecause of the Pers
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,970-$1,980 per ton lots & in warehouse min. 99.
FREIGHT RATE FUTURES
JOC Staff |
Oct. 10, 1990 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
NY OIL OPTIONS
JOC Staff |
New York Mercantile Exchange Oct. 9, 1990CRUDE OIL(1,000 barrels; dollars and cents
E. GERMAN OUTPUT LIKELY TO DECLINE
From Wire Reports |
Production in the former East Germany, which tumbled at midyear, will hit rock bottom at the end of
NEWS SUMMARY
JOC Staff |
* Trading With Haiti 4A * EC 1992 Regulatory Roundup 5A* Peter D. Clark - Sea Law 8B
EMERGENCY BILL SPARES US CUSTOMS
Journal of Commerce Staff |
The Customs Service will maintain normal operations at seaports and airports at least until Oct. 19
Maritime
DECLINING PRICES FOR OIL ERASE EARLY GOLD GAINS
Knight-Ridder Financial |
Gold futures eased late Wednesday as declining crude oil prices erased earlier gains. Commod
PEOPLE - MARITIME
From Wire and Staff Reports |
HAIGHT, GARDNER, POOR & HAVENS (New York) - J. Stephen Buchanan was named a partner in theHouston of
Maritime
PIRACY OFF WATERS OF SINGAPORE ON THE RISE
From Wire Reports |
Piracy off Singapore waters has increased sharply after dropping away over the past two years, a shi
Maritime
ENERGY BRIEFS
Wire and Staff Reports |
PRUDHOE GAS FACILITIES TO BE EXPANDEDANCHORAGE - The principal partners in the Prudhoe Bay o
AMOCO SUBMITS TOP BID FOR STRATEGIC RESERVE OIL
Tim Sansbury |
The Energy Department Wednesday announced the selection of 11 companies, topped by Amoco Oil Co. of
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Tuesday at 240.86 off 1.11 which compares
HEAVY TRUCK SALES GRIND TO LOWER GEAR
Michael S. Lelyveld |
The Middle East crisis and a mediocre economy combined to drive heavy truck buyers fromthe market la
BUSINESS INDEX
JOC Staff |
This index alphabetically lists all significant references to companies and other operating organiza
ECONOMIC DATA ABROAD
From Wire and Staff Reports |
EC UNEMPLOYMENT UP 8.4 PERCENT DURING AUGUSTBRUSSELS, Belgium - Unemployment in the European
US DOLLAR STEADIES IN QUIET TRADING
Knight-Ridder Financial |
The U.S. dollar remained somewhat higher Wednesday afternoon, against most currencies except the yen
COALITION PLANNED TO BOOST SUPPORT OF US-SOVIET PACT
William Armbruster |
A new business coalition is being formed to mobilize support for a U.S.-Soviet agreement that would
COMMODITY BRIEFS
Wire and Staff Reports |
CHILE'S COPPER FIRM TO BOOST PREMIUMSCorporacion Nacional del Cobre, Chile's state-owned cop
UNION CARBIDE WILL PURCHASE ROHM & HAAS TRITON UNIT
Pei-Tse Wu |
Union Carbide Corp. said Wednesday it reached a definitive agreement with Rohm & Haas Co. to buy the
TOP CIGNA CORP. EXECUTIVE CALLS FOR A FEDERAL INSURANCE BOARD
From Wire Reports |
The basic solvency regulations governing the industry should be strengthened through increased feder
JET FUEL BIDS 9 CENTS OVER SPOT PRICES
Knight-Ridder Financial |
Most of the jet fuel offers for a recently closed Indian invitation were at premiums of almost 10 ce
CONTRACTS SIGNED FOR UNLICENSED SHIP CREWMEN UNION DISSIDENT FILES CHARGES
Bruce Vail |
Two labor contracts covering blue-collar workers aboard scores of U.S. merchant ships were signed We
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
COST OF CREDIT
JOC Staff |
Wed., Oct. 10, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
JAPANESE TO LAUNCH VENTURES IN POLAND
From Wire Reports |
A Japanese business mission agreed with Polish government leaders Tuesday to set up four joint ventu
Maritime
US AUTO PARTS MAKERS POISED FOR GAINS IN THE EC
Michael S. Lelyveld |
After years of struggling at home, U.S. auto parts manufacturers may be about to get a twin boost f
2-TIER MARKET FOR TANKERS VESSELS IN MINT CONDITION EARN TOP REVENUES
Janet Porter |
Older tankers in pristine condition can earn several thousand dollars a day more than poorly maintai
TRADE BRIEFS
Wire and Staff Reports |
TAIWAN PASSES JAPAN IN MALAYSIA INVESTMENTTaiwan has replaced Japan as the largest foreign i
Maritime
CHINA SAYS IT WILL SHUT DOWN SUBSTANDARD TEXTILE FACTORIES SPOT CHECKS TO BEGIN SOON
P.T. Bangsberg |
China announced Wednesday it will shut down textile factories that produce substandard products.
Maritime
PROFITS FALL 95 PERCENT AT LAURA ASHLEY
(Ap) |
Laura Ashley, the troubled British fashion and home furnishings group, announced that profits fell 9
Maritime
KEARNEY OPENS SINGAPORE OFFICE
Journal of Commerce Special |
A.T. Kearney Inc., management consultants, opened a new office in Singapore to serve clients in Sing
Maritime
HOUSE PANEL CONSIDERS PROGRAM FOR ACREAGE REDUCTION IN 1991
Knight-Ridder Financial |
House Agriculture Committee members are reportedly considering a plan that would rely heavily on acr
NEW PORTFOLIO MANAGEMENT, RESEARCH GROUP LAUNCHED
Journal of Commerce Staff |
A former brokerage house chief executive has launched a private research and portfolio management gr
EC WHITE SUGAR FORECAST REVISED
Knight-Ridder Financial |
French sugar intervention board, Firs, Wednesday revised its forecast for European Community 1990-91
MOTOROLA, HITACHI HAVE DEAL TO BURY THE LEGAL HATCHET
From Wire Reports |
A settlement between Hitachi Ltd. and Motorola Inc. that ended their long- running computer chip leg
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