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DIFFICULT CHOICES SEEN FOR FED POLICY-MAKERS FED FACES DIFFICULT CHOICES
From Wire Reports |
The Federal Reserve likely decided that recession is the lesser of two evils and put off lowering i
NEWS SUMMARY
JOC Staff |
* Trading With Guyana 4A * U.S., Thailand Adjourn Textile Talks Again 5A* Tom Connors - Wash
FORD OF EUROPE UNVEILS NEW LINE OF FAMILY CARS
From Wire Reports |
Ford of Europe Wednesday unveiled its new Escort and Orion line of small family cars, on which it ha
Maritime
CRUDE STOCKS STEADY FOR WEEK, ABOVE YEAR-AGO LEVELS, API SAYS
Journal of Commerce Staff |
Crude oil stocks were virtually unchanged from the previous week and were 40.5 million barrels highe
COMMODITY BRIEFS
From Wire and Staff Reports |
CME SUSPENDS PAIR FOR NOT PAYING FINESThe Chicago Mercantile Exchange suspended and fined tw
CHEMICAL BRIEFS
From Wire and Staff Reports |
DU PONT, P&G LINK IN RECYCLING PROGRAMDu Pont Canada and Procter & Gamble Inc. (Canada) will
BALTIC FREIGHT INDEX
JOC Staff |
1220 (Aug. 22, 1990) Previous day - 1222 The Baltic International Freight Futures Market in
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Aug. 22, 1990 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,715-$1,725 per ton lots & in wareh
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Aug. 22, 1990 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 30.8
AUTOWORKERS SAY COMPANY OFFERS WILL BE FACTOR IN STRIKE TARGET
From Wire Reports |
The United Auto Workers said Wednesday the union's choice of a strike target will depend partly on t
CONVICTION GROWS IN MIDEAST THAT WAR IS INEVITABLE
Juan O. Tamayo |
The conviction that a U.S.-Iraqi war is inevitable is growing on the Arabian Peninsula as each new
INDIA EASES SHIP-PURCHASE RULES
From Wire and Staff Reports |
Indian shipowners should have an easier time getting government permission to buy ships, under new r
Maritime
CITY TAX MAY SPUR MOVE TO DE-ANNEX PORT EVERGLADES
Craig Dunlap |
The city of Hollywood, Fla., thought it had a fine idea to obtain some additional revenue by levying
Maritime
US FIRMS SEEK 'PREDICTIONS' ON BUSINESS PERILS ABROAD
Chicago Tribune |
The day Saddam Hussein's soldiers effortlessly swept into Kuwait, Christopher Grose, who earns his l
Maritime
CHINA COMPANY TARGETS US FOR EXPORT PUSH CONSULTANT ADVISES TRADERS
William Armbruster |
In 1985, China's exports of mechanical and electrical products to the United States totaled $187 mil
Maritime
JAPAN EAGER TO DEVELOP PLANT-BASED FUELS
From Wire Reports |
Japan, the world's second-biggest oil importer, is now keener than ever to look at ways to develop a
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
MALAYSIA INSURERS BACK REFORM TO POLISH IMAGE
P.T. Bangsberg |
The insurance industry in Malaysia is poised for reform, one U.S. executive believes, a move that ma
NEDLLOYD PICKS SAN FRANCISCO OVER LA AS HUB
Mark Magnier |
Nedlloyd Lines BV is reshaping several of its global containership services to create a hub-and-spok
MEXICAN COMPANY CEMENTS DEALS NORTH OF THE BORDER
Marc Levinson |
Almost anyone building in Mexico must deal with Lorenzo H. Zambrano. The company he runs, Ce
YEMEN HALTS UNLOADING OF TANKER CARRYING IRAQI CRUDE OIL
From Wire Reports |
An Iraqi tanker docked in Aden has unloaded only a small quantity of Iraqi oil, a senior Yemeni offi
Maritime
ENVIRONMENTAL AUDIT FINDS DEFECTS AT VANCOUVER PORT
Journal of Commerce Special |
The Port of Vancouver this week announced completion of a an environmental audit of its properties.<
Maritime
FOREIGN BANKS PERSEVERE IN JAPAN
Eric Coleman |
Some foreign banks are seeking a greater role in Japan's restricted money market, despite its limite
CANADIAN BLOCKADES HALT TRANSFER OF GOODS
Knight-Ridder Financial |
Rail line blockades over the last week have forced Canadian trains onto U.S. rail lines out of easte
JAPANESE RATE HIKE COULD PUSH DOLLAR BELOW 140 YEN
Hideko Morita |
A hike of more than 0.5 percentage point in the Bank of Japan's discount rate could drive the U.S. d
TRADE BRIEFS
Wire and Staff Reports |
CUSTOMS DUTY RECEIPTS INCREASE TO $1.5 BILLIONU.S. Customs duty receipts in July, which some
Maritime
CRUDE SOARS ABOVE $30 ON NYMEX
From Wire Reports |
Energy prices surged Wednesday, with U.S. crude oil topping $30 a barrel for the first time in nearl
ATLANTIC SHIPPERS FEAR SURCHARGE APPLICATIONS
Allen R. Wastler |
Shippers moving goods across the Atlantic fear that ocean carriers may try to impose fuel surcharges
Maritime
TOP PORT COMPANIES AT PORT OF ROTTERDAM EXPECTED TO MERGE
Bruce Barnard |
Pakhoed NV and Furness NV, two leading Rotterdam port concerns, are close to merging their operation
Maritime
CORRECTION
JOC Staff |
In a story, "German Coffee Imports Rose 7.8 percent During June" on Page 7A of The Journal of Commer
COMEX METAL WAREHOUSE
JOC Staff |
Aug. 22, 1990 Copper Total, 7,159. Gold Total, .1,522,896.Sil
ASIAN FUTURES
JOC Staff |
Aug. 22, 1990 JAPANFinancial FuturesJapanese Gov't BondsPer 10-year, 6% bond
TRANSPORT CALENDAR
JOC Staff |
Traffic Club of Newark, Transportation brokers night, Sept. 1. Town & Campus Restaurant, Union, N.J.
HOTLINE OFFERS TRAVEL UPDATES
Jack Severson |
The invasion of Kuwait by Iraq, preceded by civil unrest in Kenya and the coup attempt in Trinidad l
Maritime
BOX VOLUME FLATTENS AT PORT OF CHARLESTON
Craig Dunlap |
Slow trade growth with the Pacific Rim in general and Hurricane Hugo's onslaught in particular contr
TWO NJ MEN INDICTED FOR THREATS TO OFFICIAL
(Ap) |
Two men, including the former head of an insurance agency, have been indicted for allegedly threaten
COAL, AUTOS SPUR RAIL TRAFFIC GROWTH CARLOADINGS ROSE 7.5 PERCENT LAST MONTH
Lawrence H Kaufman |
Railroad carload traffic increased 7.5 percent in the four weeks ended July 28, compared with the sa
JAPAN-VIETNAM TRADE UP SHARPLY THIS YEAR
A.E. Cullison |
Japanese trade with Vietnam is on a roll. Two-way commerce doubled in the first five months of 1990
US DOLLAR FALLS IN QUIET MARKET
Knight-Ridder Financial |
The U.S. dollar was broadly lower Wednesday af- ternoon on foreign exchange markets as the Swiss fra
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