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ENERGY BRIEFS
From Wire and Staff Reports |
AMOCO CADIZ JUDGMENT SET AT $100 MILLIONAmoco Corp. should pay about $100 million for damage
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
THAILAND SCRAPS BOX INSPECTION REGULATIONS
P.T. Bangsberg |
After a round of complaints from shippers, exporters and others, the customs service in Thailand pos
Maritime
IMPORTERS CALL TEXTILE QUOTAS TOO COSTLY
Rosalind Rachid |
The current quota system governing U.S. trade in textile products should be phased out because of it
CALIFORNIANS QUESTION COST OF QUAKE COVERAGE
Knight-Ridder Financial |
In recent days, many Californians - from homeowners to politicians and government officials - have b
CME ACTS TO BUFFER SWINGS IN STOCK INDEX FUTURES PRICES
From Wire and Staff Reports |
While stricter limits on Standard & Poors 500 index futures could cut into trading of the contract o
MOBIL SAYS PIPELINE IN UK IS PROCEEDING
Journal of Commerce Staff |
Mobil Corp. says its North Sea affiliate is proceeding with the Beryl gas pipeline project that will
SHODDY GOODS SPUR GRUMBLING FROM CHINA US, FRENCH FIRMS CITED AS VIOLATORS
P.T. Bangsberg |
China renewed its attacks Thursday on allegedly substandard goods supplied by overseas companies, na
Maritime
JUDGE APPROVES SALE OF CM&W MAINLINE
From Wire and Staff Reports |
Last-minute negotiations averted a shutdown of bankrupt Chicago, Missouri and Western Railway Co. an
Rail News
TRAFFIC BRIEFS
From Wire and Staff Reports |
CONRAIL TO ACQUIRE 1,000 AUTO CARRIERSConsolidated Rail Corp. is acquiring 1,000 fully enclo
Trucking News
SIMON SAYS
Howard Simon |
SIGNS OF RECORD TRADING VOLUME in October are pointing to another banner year for futures markets de
ATLANTIC MARINE GETS BARGE SALE APPROVAL
Journal of Commerce Staff |
The Maritime Administration has approved a request from a Miami company to sell a barge and transfer
Maritime
NEWS SUMMARY
JOC Staff |
* Customs Update 4A * Howard Simon - Simon Says 6A* Tim Sansbury - Coal Exports 11BA
FAN DISK BLAMED FOR UNITED CRASH
Journal of Commerce Staff |
A rear engine fan disk that split apart in midair is being blamed for the crash of United Airlines F
Air Cargo
VENEZUELA HOLDS SWAP AUCTION
Knight-Ridder Financial |
The Venezuelan central bank is scheduled to conduct a $150-million debt-for- equity swap auction to
THE ECONOMY
Wire and Staff Reports |
US RETAILERS REPORT OCTOBER SALESThe country's big retailers reported mixed October sales wi
MARITIME CALENDAR
JOC Staff |
State University of New York Maritime College. Second annual Admiral's Ball. Nov. 4. Riesenbeg Hall,
Maritime
MIXTE GETS NOD TO HIKE ITS STAKE IN PARIBAS
Journal of Commerce Staff |
The French food and financial conglomerate Navigation Mixte received authorization Thursday to incre
GERMAN FIRM SWEETENS BID FOR BELGIAN SUGAR MAKER
From Wire Reports |
Suedzucker AG of West Germany agreed Thursday to pay nearly $740 million for a Belgian sugar maker i
PHILLIPS EXPLOSION DEATH TOLL AT 18
(Ap) |
An 18th person has died as a result of a series of explosions at a plastics plant last month, and cr
POSSIBILITY OF SOVIET BID BOOSTS WHEAT PRICES
Linda Ewing |
Optimism is resurfacing in some circles of the U.S. wheat trade that the Soviet Union might soon bid
ENVOY DEFENDS MEXICO ON ECONOMY
Charles Thurston |
The life of a diplomat is not all sweetness and light. Mexican Consul Agustin Barrios Gomez, who wor
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1651 (Nov. 2, 1989) Previous day - 1647 The Baltic International Freight Futures Market in L
Maritime
UK PROPOSES ALTERNATIVE PLAN FOR EC CURRENCY
Janet Porter |
A system of competing currencies within the European Community was formally proposed by the British
FINANCIAL BRIEFS
Wire and Staff Reports |
JAPAN RANKS 6TH AMONG US INVESTMENT MARKETSJapan is the sixth-largest overseas investment ma
NEW CUSTOMS STATION TO OPEN IN LOS ANGELES BROKERS PLEDGE COOPERATION
Bill Mongelluzzo |
The Customs Service on Jan. 8 will open a centralized examination station for air freight in Los Ang
Air Cargo
INSURANCE BRIEFS
From Wire and Staff Reports |
LLOYD'S TO COMPENSATE DEFRAUDED MEMBERSLloyd's of London announced Thursday that is to set u
CHEMICAL DISASTERS FROM QUAKE AVERTED
San Jose Mercury News |
Despite fears that a large earthquake would cause dozens of uncontrollable chemical accidents, exper
WHAT IS THE MULTI-FIBRE ARRANGEMENT?
Journal of Commerce Staff |
The Multi-Fibre Arrangement is an international accord established under the General Agreement on Ta
Maritime
GA. PORT AGENCY CUTS 30 JOBS TRADE OFFICES ALSO CLOSED
Craig Dunlap |
The Savannah port community is reeling this week following the sudden elimination of 30 jobs at the
TWO MAJOR TRUCKING LINES FACING UNCERTAIN FUTURES
Leo Abruzzese |
A sudden bankruptcy filing and a missed deadline have left two of the nation's largest trucking comp
EXECUTIVES SAY US IS MISSING BOAT IN THAILAND
William Armbruster |
This is the fastest-growing economy in Asia, but American companies are missing out on the opportuni
UK STERLING PLUNGES ON RUMORS OF HIGH-LEVEL INSIDER TRADING
Knight-Ridder Financial |
The U.S. dollar declined Thursday, except against the British pound. Sterling plunged on uns
TOKYO DEALERS EXPECT US DOLLAR TO TOP 145
Knight-Ridder Financial |
Many Tokyo foreign exchange dealers are expecting the U.S. dollar to rise further next week, even if
INDIAN EXPORTS STILL BEING HURT BY PLANE SHORTAGE
Neel Patri |
A shortage of air cargo capacity continues to plague Indian garment exporters, despite government as
Air Cargo
AVIATION BRIEFS
From Wire and Staff Reports |
NIPPON CARGO AIRLINES STARTS BANGKOK SERVICENippon Cargo Airlines has begun weekly freighter
Air Cargo
MARITIME BRIEFS
From Wire and Staff Reports |
PACIFIC RATE GROUP SETS 6 PERCENT TARIFF HIKEThe Pacific Coast/Australia-New Zealand Tariff
Maritime
RALPH NADER SAYS INSURANCE INDUSTRY NEEDS MORE 'GUTS'
Journal of Commerce Staff |
Consumer activist Ralph Nader struck again at this week's convention of the National Association of
LEGISLATORS URGE CALIF.-BACKED QUAKE COVERAGE
Jerry Goldberg |
A state-underwritten earthquake insurance program for California has been proposed by three Californ
TOTTERING COAL INDUSTRY IMPERILS CHINA'S PROGRESS
P.T. Bangsberg |
Further evidence of the parlous state of China's coal industry emerged Thursday with a warning that
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