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LYKES GRANTED ADDITIONAL AID
Journal of Commerce Staff |
The Maritime Administration agreed to grant Lykes Bros. Steamship Co., New Orleans, about $300,000 i
Maritime
COST OF CREDIT
JOC Staff |
Mon., Sept. 24, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Sept. 24, 1990Bid AskedCopper-
NEW YORK OIL OPTIONS
JOC Staff |
New York Mercantile Exchange Sept. 24, 1990CRUDE OIL(1,000 barrels; dollars and cent
ALLIED-SIGNAL HAPPY WITH PACT OPENING JAPAN TO TRANSFORMERS
John Maggs |
Allied-Signal Inc. officials believe an agreement to open Japanese markets to the American company's
Maritime
OIL INDUSTRY URGES DISMANTLING OF 'BUILD-AMERICAN' SHIP LAWS
WILLIAM DiBENEDETTO |
Over 250 petroleum industry companies say if the United States is serious about ending shipyard subs
TIME IS SHORT FOR AIRBUS ACCORD
Bruce Barnard |
The European Community and the United States will make a last-minute bid in Washington Thursday to a
ELCO BREAKS IN TO JAPANESE AUTO MARKET IN US
Kevin Commins |
After years of frustration, Elco Industries Inc. finally penetrated the Japanese "transplant" market
FINANCIAL BRIEFS
Wire and Staff Reports |
IRAQ DECLARES CURRENCY OF KUWAIT IS INVALIDNICOSIA, Cyprus - Iraq on Monday declared the Kuw
EVERGREEN UNIT OPENS BOX PLANT IN MALAYSIA
Chris Brown |
An affiliate of Evergreen Marine Corp. opened a container-manufacturing plant in Malaysia Monday, at
Maritime
FREIGHT FUTURES
Barry Parker |
THE OCEAN FREIGHT FUTURES MARKET culminated three days of buying Monday when prices rose the daily l
Maritime
CALIF. ADOPTS TOUGH LAW ON OIL SPILLS
Journal of Commerce Special |
A stringent law regulating oil spill response time and and prevention programs was signed into law l
PEOPLE - TRANSPORT
JOC Staff |
ITEL RAIL CORP. (San Francisco) - Jack P. Edwards was named acting president and chief executive off
US REFINERS SELL GASOLINE IN EUROPE
From Wire Reports |
Europe is short of gasoline because of the Persian Gulf crisis but U.S. companies are coming to the
SINGAPOREAN YARD TO BUILD WELL SIMULATION VESSEL
Journal of Commerce Special |
Singmarine Dockyard & Engineering Pte Ltd., part of Singapore Industries Ltd., clinched a S$52 milli
Maritime
AER LINGUS BEGINS CARGO SERVICE BETWEEN LOS ANGELES AND IRELAND
Gregory S. Johnson |
Aer Lingus started freighter service between Los Angeles and Ireland. It's the first time an Irish a
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
COMEX METAL WAREHOUSE
JOC Staff |
Sept. 24, 1990 Copper Total, 7,521. Gold Total, .1,532,868.Silver Total, .261,119,217.
HUGE FOOD SURPLUS LEAVES INDIA DEBATING WHAT TO DO WITH IT ALL
From Wire Reports |
After three good monsoons, India is in the unusual position of figuring out what to do with a surplu
NEWS SUMMARY
JOC Staff |
* Import Quota Watch 3A * Commodity Research Bureau: Natural Gas 9A* Miriam Widman - Europe
HILLS REASSURES CRITICS ON TELECOM PACT
John Maggs |
U.S. Trade Representative Carla Hills Monday tried to reassure critics worried that a broad internat
Maritime
INTERNATIONAL BUNKER PRICES
Journal of Commerce Special |
The following is the list of bunker prices obtained during the course of week ending Sept. 21, 1990.
SEALIFT HEARING RESUMES WEDNESDAY
Journal of Commerce Staff |
A House maritime subcommittee will resume its examination of the military supply operation to the Pe
Maritime
MACSHARRY SEEKS 7.8 PERCENT CUT IN EC OILSEED SUPPORTS
Simon Hall |
Uruguay Round farm support cuts proposed by European Agriculture Commissioner Ray MacSharry call for
ENDORSEMENT RAISES QUESTIONS IN RACE FOR FLA. COMMISSIONER
Brigitte Maxey |
The race for insurance commissioner in Florida heated up last week when a group representing trial l
PEOPLE - INSURANCE
Wire and Staff Reports |
AMERICAN RE-INSURANCE CO. (Princeton, N.J.) - Robert J. Katz was named vice president, claims divisi
USAIR, AIR FRANCE HAVE BROAD PLAN FOR COOPERATION
Ira Breskin |
The number of unattached airlines providing international service declined Monday as two eligible pa
QUARTEL HITS FMC PLAN CONCERNING TARIFF-FILING
Journal of Commerce Staff |
Rob Quartel, a member of the Federal Maritime Commission, says a rule proposed by his colleagues tha
Maritime
THAILAND TO ENCOURAGE GAS USE
Jacob Daniel |
Thailand will encourage the use of natural gas through the expansion of distribution networks and ne
SPOT COMMODITIES
JOC Staff |
Sept. 24, 1990 Included are list prices of suppliers. Quotations do not necessarily represen
ASIAN FUTURES
JOC Staff |
Sept. 24, 1990 JAPANFinancial FuturesJapanese Gov't BondsPer 10-year, 6% bon
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,715-$1,725 per ton lots & in warehouse min. 99.
SETTING UP BUSINESS ABROAD NO EASY TASK FOR US FIRMS PEPSICO'S PATIENCE PAYS OFF IN INDIA
Jonathan Siskin |
Starting up a business in a Third World country can entail stiff challenges even for a major U.S. c
Maritime
NEW ZEALAND URGES VETO OF US TEXTILE QUOTA BILL PUSHES FREER TRADE FOR AGRICULTURE
Bill Mongelluzzo |
As a nation that learned the hard way how protectionism can stifle economic growth, New Zealand is u
Maritime
TRANSPORT DEREGULATION PAYS OFF IN NEW ZEALAND
Bill Mongelluzzo |
Deregulation of New Zealand's transport industries has resulted in increased productivity and lower
Maritime
LONDON FOX TO LAUNCH NEW COFFEE CONTRACT
Knight-Ridder Financial |
London FOX, the futures and options exchange, Friday said it will launch a European Washed Arabica C
US TO UNVEIL SHORTER LIST OF RESTRICTED EXPORTS
Michael S. Lelyveld |
A new and shorter "core list" of restricted U.S. exports, initially scheduled for presentation to tr
NEWS SUMMARY
JOC Staff |
* Gordon Platt - Currency Forecast 3A * Rosalind Rachid - Trade Talk 5A* Howard Simon - Simo
ECONOMIC DATA ABROAD
Wire and Staff Reports |
CHINA POSTS SURPLUS IN TRADE FOR 8 MONTHSChina posted a $4.18 billion trade surplus in the f
TWO MORE US LINES GET VENEZUELA RIGHTS
Leo Abruzzese |
U.S. transportation officials expanded air cargo services between the United States and Venezuela by
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