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UK SHIPPING REGISTERS SMALL TRADE SURPLUS
Janet Porter |
Britain's sea transport services achieved a small international trade surplus last year, the first s
Maritime
COMMODITY BRIEFS
From Wire and Staff Reports |
INDIA SUGAR PRODUCTION COULD HIT NEW RECORDNEW DELHI, India - Indian sugar output, which tot
LA JUDGE SETS ASIDE NEW AIR POLLUTION RULES
John Maggs |
A Los Angeles judge set aside new air pollution rules to limit the solvent content of paints and coa
S. KOREA BOOSTS PRICES ON IMPORTED PACKED BEEF AIMS TO COOL CONSUMPTION
Knight-Ridder Financial |
The South Korean government has raised prices of packed imported beef in an effort to cool down shar
COST OF CREDIT
JOC Staff |
Wed., Aug. 22, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
TEA PRICE HITS 2-YEAR LOW
From Wire Reports |
The price of tea has been hit by the Persian Gulf crisis. The U.N. embargo against tea-drinking Iraq
API WEEKLY REPORT
JOC Staff |
Thousands of Barrels Week Week WeekEnded Ended Ended8-17 8-10
NEW YORK OIL OPTIONS
JOC Staff |
New York Mercantile Exchange Aug. 21, 1990CRUDE OIL(1,000 barrels; dollars and cents
INSURANCE BRIEFS
From Wire and Staff Reports |
NC INSURANCE CHIEF HITS HOMEOWNER RATESRALEIGH, N.C. - Jim Long, North Carolina insurance co
ALLSTATE SHUNS MILITARY POLICIES
Glenn Burkins |
Allstate Life Insurance Co., concerned about potential claims from U.S. troops serving in the Persi
PORTS MAY BE FORCED TO GO TO WASH. VOTERS FOR LAND TAX HIKES
John Davies |
Washington state ports would not be allowed to raise taxes to pay for newprojects without voter appr
Maritime
WEAK YEN IN EUROPE CALLED JAPANESE PLOY
Gordon Platt |
Japan may be intentionally driving down the value of the yen against the deutsche mark and the Swiss
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
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