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BUDGET DEFICIT NARROWS SLIGHTLY
From Wire Reports |
The federal budget deficit shrank only slightly in the 1989 fiscal year to $152.1 billion from the 1
FMC PROBERS WILL EXPLORE ABUSES OTHER THAN REBATES
Bill Mongelluzzo |
Shippers and carriers in the trans-Pacific trades are reacting to the Federal Maritime Commission's
CHINA'S DEBT FUND STIRS FEARS OF BANKERS
From Wire Reports |
China has announced it will set up a fund to repay its rising foreign debt, adding to fears among so
LAWSON STORM ROCKS THATCHER
Janet Porter |
The uneasy calm that settled over London's money markets late Friday failed to dispel the mood of sh
DOW, MITSUBISHI KASEI RESTRUCTURE JOINT VENTURE
Journal of Commerce Staff |
Dow Chemical Co., Midland, Mich., and Mitsubishi Kasei Corp. of Tokyo said they will restructure MD
FRANCE'S ORKEM TO PURCHASE BLACK & DECKER'S BOSTIK
JOC Staff |
French state-owned chemicals group Orkem SA Friday said it will pay $345 million to buy the Bostik a
RUBBER GROUP'S ACTIVITIES LIKELY TO PRESSURE PRICES MART WATCHERS SEE BUSY WEEK
Anita Schrodt |
The world's rubber markets are in for active trading and price fluctuations this week, as traders wa
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
EXPERTS FEAR NEW CRISIS IN REINSURANCE CAPACITY
Janet Aschkenasy |
Is another 1984 around the corner for reinsurance buyers? Overnight, the question has become the sub
AVIATION BRIEFS
Wire and Staff Reports |
SINGAPORE AIRLINES, DELTA SET ACCORDSGlobalization of the airline industry continues, as Del
Air Cargo
WHITE HOUSE OPPOSES WAIVER OF PREFERENCE LAWS ON FOOD AID
Journal of Commerce Staff |
Transportation Secretary Samuel Skinner says the Bush administration opposes attempts to waive exist
Maritime
AMTRAK TO ADD STOP AT YONKERS
Journal of Commerce Staff |
Amtrak has agreed to add a stop in Yonkers on its Empire Corridor route starting April 1. Yonkers is
Rail News
EXXON MOVE HELPS DALLAS IN ROLE AS BUSINESS MECCA
From Wire Reports |
Exxon Corp.'s announcement that it will move its headquarters to Dallas is the latest of a series of
BUSH PICKS DELURY FOR MEDIATION SERVICE
Journal of Commerce Staff |
President Bush has nominated Bernard DeLury, a veteran negotiator of labor contracts for Edison, N.J
Maritime
USE OF ELECTRONIC DATA INTERCHANGE LOWER THAN PROJECTED, STUDY SAYS
Tony Seideman |
Big business isn't adopting electronic data interchange as quickly as its proponents had hoped.<
INTERNATIONAL CALENDAR
JOC Staff |
REGIONAL BLOCS Europe Inc. 1992. Nov. 9. Newton, Mass. Conference focuses on U.S.inv
Maritime
COAL BRIEFS
Wire and Staff Reports |
CRA LTD., MITSUBISHI PLAN AUSTRALIAN PROJECTSYDNEY, Australia - CRA Ltd., an Australian mini
'GREENING' SLOWS TAIWAN INDUSTRY
Philippe Le Corre |
After 30 years of unbridled economic growth, Taiwan is facing a growing protest from environmental g
JAL PROPOSES WAYS TO EXPAND AIR CARGO SPACE
Anita Schrodt |
Japan Air Lines wants to bury its air cargo. That's just one way the airline thinks it can f
Air Cargo
AVIATION EARNINGS
Wire and Staff Reports |
UAL SAYS EARNINGS PLUNGED IN 3RD QUARTERUAL Corp. reported third-quarter earnings of $111 mi
Air Cargo
FREIGHT FUTURES
Barry Parker |
FUTURES PRICES REACHED life-of-contract highs, with the November, January and April contracts all bu
Maritime
DOLLAR EXPECTED TO SETTLE DOWN INTO A LOWER TRADING RANGE
Kevin Commins |
Nervousness in the financial markets and signs of a weakening economy continue to cast a pall over t
ENERGY BRIEFS
Wire and Staff Reports |
CMS ENERGY APPROVES DIVIDEND RESTORATIONDEARBORN, Mich. - CMS Energy Corp.'s board approved
ARGENTINA TO SOUND OUT CREDITORS IN MOVE TO CUT COMMERCIAL DEBT
From Wire Reports |
Argentina will start sounding out creditors this week, seeking a substantialcut in capital a
THE ECONOMY
Wire and Staff Reports |
INCREASE IN SPENDING CALLED WEAKEST IN YEARConsumer spending in September posted its weakest
BANK LAW REVISION FACES FIGHT IN KOREA
Knight-Ridder Financial |
South Korea's Ministry of Finance formally announced Thursday that the government's revision of the
FRENCH INSURERS' PREMIUM INCOME ROSE 18 PERCENT IN '88 LIFE SECTOR FUELS INCREASE
Barbara Cassasus |
The spread of the life insurance habit in France boosted French companies' premium income to 411 bil
PAN OCEAN SHIFTS STEEL CALLS TO PORTLAND
John Davies |
Pan Ocean Shipping Co., operator of South Korea's largest fleet of tramp ships, moved its Pacific No
Maritime
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as
Maritime
AIRLINES OUTLINE STEPS TO CUT CARGO THEFT
Journal of Commerce Staff |
Airlines can take a number of steps to reduce cargo theft, speakers at a Cargo Security Council meet
Air Cargo
ECONOMIC DATA ABROAD
Wire and Staff Reports |
WEST GERMAN PLANT, MACHINERY ORDERS FALLFRANKFURT, West Germany - Foreign orders in the West
Maritime
NJ SUPREME COURT UPHOLDS BAN ON SELF-SERVICE GASOLINE PUMPS
(Ap) |
The New Jersey Supreme Court has thrown another roadblock in the way of oil companies that want to o
US OPPOSES SOVIETS ON GATT MEMBERSHIP
From Wire Reports |
Trade Representative Carla Hills said Friday the United States will not support the Soviet Union's d
PEOPLE - COMMODITIES
From Wire and Staff Reports |
THE SUGAR CLUB (New York) - David C. Carter was elected president of the international sugar forum.<
LOCAL CHINESE GOVERNMENTS LACK FUNDS TO BUY BUMPER GRAIN CROP
(Ap) |
Local governments that urged peasants to grow more grain are too short of cash to buy the bumper har
INTERNATIONAL BRIEFS
Wire and Staff Reports |
MALAYSIA MAY EFFECT ITS PRIVATIZATION PLANKUALA LUMPUR, Malaysia - Malaysia's Finance Minist
Maritime
S. KOREA'S OPEN MARKET MAY EXCLUDE AGRICULTURE
Robin Bulman |
South Korea's ostensible agreement to lift all import restrictions by July 1997 may not open up the
Maritime
TRAFFIC BRIEFS
Wire and Staff Reports |
NJ DUMP FIRE CLEANUP COULD COST $8 MILLIONNEWARK, N.J. - It could cost $8 million to clean u
Trucking News
BALTIC FREIGHT INDEX
JOC Staff |
1636 (Oct. 27, 1989) Previous day - 1627 The Baltic International Freight Futures Market in
Maritime
MITSUI OSK EXPECTS PROFIT OF $100 MILLION MARKET STABILITY BOOSTS EARNINGS
Bill Mongelluzzo |
The president of Mitsui O.S.K. Lines Ltd. said the diversified transportation company should exceed
Maritime
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