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FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
PEOPLE - FINANCIAL
Wire and Staff Reports |
NATIONAL BANK OF CANADA (Montreal) - D. Nicholas Radford was named senior vice president and treasu
COST OF CREDIT
JOC Staff |
Fri., July 15, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
BANKS NEED TO DEVELOP SYSTEMS FOR ASSESSING RISK, STUDY SAYS
Gordon Platt |
Banks will need to develop their own risk assessments, and not just adopt regulatory guidelines, if
CHEVRON, EXXON UNITS PLAN ETHYLENE IMPORT SYSTEM
Journal of Commerce Staff |
Chevron Chemical Co., a subsidiary of Chevron Corp., Friday announced plans to join with Exxon Chemi
HOUSE SUBCOMMITTEE PROBES HIDDEN HAZARDS IN COSMETICS
(Ap) |
Millions of Americans are exposed daily to dangerous chemicals contained in some cosmetics, a $17 bi
HOUSE COSTS LOW IN CENTRAL CALIFORNIA
(Ap) |
Despite foggy winters and sizzling summers, living is easy in California's Central Valley in one cru
NEWS SUMMARY
JOC Staff |
* Kevin Commins - Currency Forecast 7A * Howard Lewis - Unease Over Export Controls 8A* Stan
SEA-LAND SAID TO BE PULLING OUT OF WEST COAST-EUROPE CONFERENCES
Mark Magnier |
Sea-Land Service Inc. is pulling out of the shipping conferences linking the U.S. West Coast and Eur
US, JAPAN SET AGENDAS FOR AIR TALKS
Dave Higdon |
When aviation talks between the United States and Japan open next Monday, negotiators for the two co
CORPS SAYS MISSISSIPPI WILL BE OPEN TO TRAFFIC
WILLIAM DiBENEDETTO |
The Army Corps of Engineers expects to keep navigation open on the Mississippi River without diverti
Maritime
WHOLESALE PRICES RISE
From Wire Reports |
Wholesale prices rose a moderate 0.4 percent in June after a 0.5 percent increase in May, the Labor
JOHNSON & HIGGINS TAKES PATIENT APPROACH TO BUSINESS WITH CHINA
William Armbruster |
Slow but steady is the way Johnson & Higgins officials describe the insurance brokerage firm's appro
MARYLAND BACKS AGENT IN DISPUTE WITH INSURER
David Conn |
The Maryland Insurance Division ruled last week that Nationwide Mutual Insurance Co. violated the la
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
UNION WAGE STUDY SHOWS BIGGER GAINS
Journal of Commerce Special |
American labor unions did slightly better by their members in negotiating new labor contracts during
TRAFFIC BRIEFS
From Wire and Staff Reports |
PULLMAN TO SELL ASSETS TO HELP REPAY DEBTPRINCETON, N.J. - Some Pullman Co. assets will have
Rail News
PACCAR POSTS EARNINGS OF $43.6 MILLION
JOC Staff |
Paccar Inc. earned $43.6 million, or $2.43 a share, on revenue of $752.2 million during the second q
Trucking News
PEOPLE - MARITIME
From Wire and Staff Reports |
ASSOCIATED CONTAINER TRANSPORTATION/PACE LINE (San Francisco) - Brendan R. McCahill, who has been ma
Maritime
NEW OIL PLATFORM RAISES QUESTIONS IN PERSIAN GULF
(Ap) |
Iran plans to put a new oil platform in the Persian Gulf, and the sophisticated electronics being in
Maritime
JAPANESE LABOR MINISTRY URGES BETTER WORKING, LIVING CONDITIONS
A.E. Cullison |
A report from Japan's Labor Ministry said the Takeshita administration should lead a nationwide camp
Maritime
OIL MARKET EUROPEAN PRICES STAGE LATE RALLY
Bruce Barnard |
Oil prices staged a late rally at the close of trading in Europe Friday for a gain of 60 to 70 cents
SOVIETS MAKE STEADY INROADS IN NEW MARKETS
Bruce Barnard |
The Soviet Union is steadily building up its presence in the international coal market, beefing up i
THE ECONOMY ECONOMISTS SAY US INDUSTRY RAN AT AN 83.1 PERCENT RATE IN JUNE
Knight-Ridder Financial |
The nation's industries used 83.1 percent of operating capacity in June, reflecting tighter labor ma
AVIATION BRIEFS
From Wire and Staff Reports |
FORWARDER TO EXPAND NEW FACILITY AT DULLESWASHINGTON - Hellmann International Forwarders Inc
Air Cargo
FINANCIAL BRIEFS
Wire and Staff Reports |
JAPANESE PARTIES AGREE ON TAX REFORMTOKYO - Japan's ruling and opposition parties Friday agr
JON JACOBS' INSIDE TALK ON SHIPPING
Jon Jacobs |
SETTING THE RECORD STRAIGHT: Sea-Land Service is having a hard time dispelling rumors that the Grea
Maritime
MASS. PROBES MISSION OF MARITIME ACADEMY
TOM McNIFF Jr. |
Massachusetts' ongoing state budget problems pose a threat to the future of the Massachusetts Mariti
Maritime
PLANTS TURN POLLUTANTS INTO PROFITS
(Ap) |
Under the sunlit arch of a plastic greenhouse, an artificial swamp of cattails and elephant grass sp
PEOPLE - TRANSPORT
From Wire and Staff Reports |
CHARLES RIVER ASSOCIATES INC. (Boston) - Michael A. Kemp was promoted to vice president, transportat
Rail News
WEEKLY RAIL FREIGHT REPORT
JOC Staff |
For the week ended July 2 total piggyback freight hauled on the nation's major railroads equaled 116
Rail News
FREIGHT RATE FUTURES
JOC Staff |
July 15, 1988 Baltic International Freight Futures ExchangePrev.Close High
Maritime
GRAINS, SOYBEANS PREDICTED TO MAINTAIN BRISK SALES
Howard Simon |
U.S. export sales of grains and soybeans are expected to remain brisk for the second half of 1988, r
Maritime
THE ECONOMY INVENTORIES ROSE 0.6 PERCENT DURING MAY
Knight-Ridder Financial |
Business inventories rose 0.6 percent in May to a seasonally adjusted $728.39 billion following a 0.
CHUBB RAIN COVER POLICIES VALUED AT $10 MILLION
Journal of Commerce Staff |
The Chubb Corp. announced last week that it will issue rain insurance policies valued at $40 million
HIBERNIA PROJECT EXPECTED TO GET GO-AHEAD TODAY
Leo Ryan |
Canadian Prime Minister Brian Mulroney is expected to announce a final go- ahead today for the devel
JAPAN MAY RAISE INTEREST RATES SOON
Atsushi Yuzawa |
Japan may finally be in the process of ending its easy monetary policy of extremely low interest rat
TRADERS EXPECT USDA TO INCREASE QUOTA ON IMPORTS OF SUGAR
Knight-Ridder Financial |
The USDA is expected to raise the U.S. sugar import quota before the start of the 1989 fiscal year o
BANK OF AMERICA REALIGNS WORLD BANKING GROUP
Journal of Commerce Special |
Bank of America realigned its world banking group, creating two offshore divisions. A Europe
EXPORT OPPORTUNITIES
US Department of Commerce |
Trade leads supplied by: US Department of Commerce , U.S. and Foreign Commercial Service, Room HCHB
Maritime
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