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TRADE MISSIONS
JOC Staff |
The following business missions are scheduled. The Journal of Commerce assumes no responsibility for
Maritime
MOBIL BOOSTS STRETCH FILM CAPACITY
Journal of Commerce Staff |
Mobil Chemical Canada Ltd. will double its polyethylene stretch film operations in Belleville, Ontar
INSURANCE BRIEFS
Wire and Staff Reports |
REINSURERS REPORT RISE IN WRITTEN PREMIUMSA Reinsurance Association of America survey of 68
US IMPORTS OF FOOD REACH RECORD LEVELS EXPORT SALES ALSO CLIMBING
(Ap) |
The United States imported record levels of farm goods in the first half of this year but also incre
Maritime
FUEL PRICE SQUEEZE LEAVES AIRLINES IN NO-WIN SITUATION
Ted Reed |
You almost have to feel sorry for the airline industry, caught between the rock of rising fuel costs
CHEMICAL BRIEFS
From Wire and Staff Reports |
JUNE PLASTICS OUTPUT OVER 4 BILLION POUNDSPlastics resin production totaled nearly 4.5 billi
CORRECTION
JOC Staff |
The table "Leading Commodities Carried by Ivaran Lines," on Page 4 of the Special Advertising Supple
Maritime
TRAFFIC BRIEFS
Wire and Staff Reports |
SP TO RAISE RATES ON PERISHABLE TRAFFICSouthern Pacific Transportation Co. is raising rates
NY PORT DREDGING AT CRUCIAL STAGE
David F. White |
With a major contract about to be awarded in October, the U.S. Army Corps of Engineers is approachin
GROWTH IS TORPID FOR US ECONOMY
From Wire Reports |
The U.S. economy grew at sluggish 1.2 percent annual rate between April and June after expanding at
INTERNATIONAL CALENDAR
JOC Staff |
REGIONAL BLOCS European Trade and Technology - 1992 and Beyond. Sept. 3-6. Sunderland, Engla
Maritime
COST OF CREDIT
JOC Staff |
Fri., Aug. 24, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
ADIDAS LOSSES GREW TO $72 MILLION IN '89
From Wire Reports |
Adidas AG, Europe's leading sporting goods maker, on Friday said its losses rose to 112 million deut
Maritime
MALAYSIA EYES EAST ASIA AS NEW COCOA CUSTOMERS
Knight-Ridder Financial |
The Malaysian Cocoa Board, seeking new markets in East Asia, is planning its first ever promotional
INDEPENDENTS CLAIM BIG OIL IS GOUGING THEM ON GASOLINE
Michael Arndt |
Big Oil is again getting hit over prices at the gasoline pump, but this time the complaint is that t
KOHL: TIMETABLE WILL AID ECONOMY
From Wire Reports |
West German Chancellor Helmut Kohl Friday hailed East Germany's agreement on a timetable for German
LOW-COST AUTO COVER ADVANCES IN CALIFORNIA ASSEMBLY CLEARS COMPROMISE
Steven J. Adler |
A compromise bill aimed at making low-cost auto insurance available to California drivers is one-thi
MORE ECONOMISTS SEE A RECESSION ON THE HORIZON AS OIL COSTS SOAR
Edward Kean |
A growing number of economists are predicting that the sluggish U.S. economy will slide into recessi
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,715-$1,725 per ton lots & in warehouse min. 99.7
BALTIC FREIGHT INDEX
JOC Staff |
1220 (Aug. 24, 1990) Previous day - 1221 The Baltic International Freight Futures Market in
Maritime
JOFC INDEX HITS HIGH OF 106.8
Howard Simon |
The Journal of Commerce Industrial Price Index rose to a new 1990 high of 106.8 Friday in response t
COMMODITY BRIEFS
From Wire and Staff Reports |
TOKYO TO DELAY START OF COMPUTERIZED TRADEThe Tokyo Commodity Exchange for Industry will del
DHL'S US UNIT AIMS TO BOLSTER EUROPEAN TIES DOMESTIC HOUSE IS IN ORDER
Ira Breskin |
Executives at DHL Worldwide Express' North American operation are concentrating on establishing stro
PRODUCTS MARKETPLACE
From Wire and Staff Reports |
COATING RESINS Reichhold Chemicals Inc.'s Coating Polymers & Resins division said it will in
HIGHER OIL PRICES LIKELY TO SLICE CHEMICAL PROFITS
Pei-Tse Wu |
Higher oil prices have given chemical manufacturers a rationale to raise prices and try to generate
MISSION BOOSTS CARGO PROSPECTS FOR RED HOOK GROUP VISITS SOVIET UNION, W. EUROPE
David F. White |
A recent trade mission to the Soviet Union and Western Europe is generating promising prospects for
Maritime
LONGVIEW TO PROVIDE WAREHOUSE FOR ARCO
Journal of Commerce Special |
The Port of Longview said it entered an agreement to provide Arco Products Co., a division of Atlant
Maritime
ALLSTATE REVERSES ITSELF ON COVERING TROOPS SERVING IN MIDDLE EAST
Glenn Burkins |
Allstate Life Insurance Co., reversing a decision it made two weeks ago, has decided to accept new a
LARRY KAUFMAN'S INSIDE TALK ON RAILROADS
Larry Kaufman |
RAIL LINE ABANDONMENTS are receiving greater scrutiny from the Interstate Commerce Commission.
MILITARY BUILDUP IN PERSIAN GULF PUTS DENT IN NORFOLK ECONOMY
From Wire Reports |
When some 35,000 sailors were ordered to the Middle East, a large chunk of Norfolk's economy went wi
Maritime
GROWTH OUTLOOK IN HONG KONG BLEAK FOR '90
P.T. Bangsberg |
Economic growth this year is not expected to exceed a bare 2.5 percent, the government said Friday.
TOYOTA'S EXPORTS RISE 10 PERCENT WHILE NISSAN'S FALL 11 PERCENT
From Wire Reports |
Japan's two largest carmakers Friday announced increased production in July, but while exports by To
Maritime
BOWERS ASKS DOCKERS TO WORK LABOR DAY
Journal of Commerce Staff |
John Bowers, president of the International Longshoremen's Association, is requesting his union loc
WORLD TRADE CENTER NETWORK - TRADE LEADS
World Trade Center NETWORK |
HOW TO USE: These*trade*leads are supplied through the*World*Trade*Center*NETWOR K, a service of the
Maritime
PEOPLE - INSURANCE
Wire and Staff Reports |
CHASE INSURANCE HOLDING CORP. (Houston) - Peter M. Wallner was named president of Chase Reinsurance
RICE MILLERS VOW ACTION IF JAPAN WON'T OPEN MART
Knight-Ridder Financial |
A top U.S. rice industry official said last week he was "extremely optimistic" that Japan would agre
UK AIRLINE CRITICIZES SURCHARGES FOR GULF
Janet Porter |
Insurance companies are profiteering from the Middle East crisis by imposing excessive surcharges on
JAPANESE WARY OF PROFITS OUTLOOK
Larry Holyoke |
Even before the Tokyo stock market went into its latest tailspin, investors had begun to worry about
MAERSK TO JOIN EUROPE-TO-US RATE GROUP
Allen R. Wastler |
After almost three years, Maersk Line is preparing to drop the other shoe on the North Atlantic tra
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