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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 - COMMODITIES
JOC Staff |
FIA FUTURES RESEARCH DIVISION, FUTURES INDUSTRY ASSOCIATION (New York) - Walter Greenspan was re-ele
INTERNATIONAL BRIEFS
From Wire And Staff Reports |
SOUTH KOREA EXPECTS SLOWER GROWTH RATESEOUL, South Korea - South Korea's second quarter econ
Maritime
COMMODITY BRIEFS
From Wire and Staff Reports |
SUGAR OUTPUT EXPECTED HIGHER IN AUSTRALIASYDNEY, Australia - Australia's 1988 sugar cane cro
ANIMAL RIGHTS GROUPS EXPECTED TO CONTINUE WATCH ON LIVESTOCK
Knight-Ridder Financial |
Animal rights and welfare groups will continue to shadow the livestock industry, and producers shoul
YEUTTER STEPS UP PRESSURE ON BEEF-CITRUS SQUABBLE
Craig Dunlap |
If Japan and the United States don't settle their fight over beef and citrus this week they probably
Maritime
CANADA REFINER SEEKS US SUGAR RULE CHANGES
Knight-Ridder Financial |
Canadian refiner Lantic Sugar Ltd. has bought four cargoes of raw cane sugarfrom the Dominic
PEOPLE - FINANCIAL
From Wire and Staff Reports |
BANKERS TRUST CO. (London) - Graham Walsh was named to the newly created position as adviser and str
TORONTO UNROLLS THE RED CARPET FOR G-7 SUMMIT
Leo Ryan |
No doubt Margaret Thatcher will appreciate that the King Edward Hotel has ordered Royal Crown Derby
EXPORT BRIEFS
From Wire and Staff Reports |
WALBRO, SWEDISH FIRM PLAN JOINT VENTURECASS CITY, Mich. - Walbro Corp. has signed an agreeme
Maritime
S. KOREAN FURNITURE MAKER SETS US BLITZ
Ian Markham-Smith |
South Korea's largest furniture manufacturer and exporter said it's time to expand its presence in t
Maritime
COST OF CREDIT
JOC Staff |
Wed., June 15, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
'CAPITALISM WITH A CONSCIENCE'
(Ap) |
Delicate threads are linking the affluent suburbs of Chicago and the poverty- ridden slums of India,
Maritime
MAZDA MOTOR FORMS 2 NEW US COMPANIES
Journal of Commerce Staff |
Japanese automaker Mazda Motor Corp. said it formed two new U.S. companies, Mazda Motor of America I
Maritime
FINANCIAL BRIEFS
Wire and Staff Reports |
LABOR DISPUTES TO SLOW S. KOREA'S GROWTHSEOUL, South Korea - South Korea's economic growth r
ILLINOIS COUNTY HOPES INCUBATOR WILL HATCH NEW BUSINESS CHICKS
Rosalind Rachid |
Folks in Will County, Ill., are saying the i word, as in international, a lot these days. If
Maritime
CHINA MAY DEVALUE TO CURB TRADE DEFICIT
Noel Fletcher |
China is studying whether to devalue its currency, the yuan, a move that would discourage imports an
WEST GERMANY UNLIKELY TO RAISE INTEREST RATES
Knight-Ridder Financial |
The Bundesbank isn't likely to raise its interest rates in the near future despite the deutsche mark
IMPORT BRIEFS
From Wire and Staff Reports |
NON-RUBBER FOOTWEAR IMPORTS DOWN IN APRILU.S. trade statistics released this week by the Com
Maritime
ARGENTINA'S ARREARS NEARING $1 BILLION
Jeremy Morgan |
International Monetary Fund officials are reviewing Argentina's performance under standby loan terms
BUYING IN FRANCE LITTLE RISE EXPECTED IN FRENCH IMPORTS
Josh Goldstein |
The low value of the U.S. dollar is expected to limit the amount of goods the United States buys fro
Maritime
EXPERTS SAY TRADE GAIN WITH TAIWAN NOT ENOUGH
Gary Aderman |
A trade liberalization drive under way in Taiwan for 18 months is yielding greater access to the mar
RETAIL SALES EDGE UP AFTER DROP IN APRIL
(Ap) |
Retail sales, held back by lagging car buying, rose a scant 0.1 percent in May, after a relatively r
EASTMAN KODAK OFFERS SEVERAL NEW PRODUCTS
(Ap) |
Eastman Kodak Co. has introduced several new products including a line of batteries designed to take
PRODUCTION ROSE 0.4 PERCENT IN MAY AT FACTORIES, MINES, UTILITIES
(Ap) |
Production at the nation's factories, mines and utilities rose a moderate 0.4 percent in May, the ei
CURRENT ACCOUNT DEFICIT WIDENS
Knight-Ridder Financial |
The U.S. balance of payments on goods and services, or current account, widened to a seasonally adju
US INSURERS URGED: MEET GLOBAL MART CHALLENGES
Laura Raley Borda |
U.S. insurers must adapt to a rapidly changing world market, financial services executives said Wedn
ECONOMISTS SPLIT ON IMPACT OF MAY PRODUCTION GROWTH
(Ap) |
A slightly stronger-than-expected 0.4 percent advance in May industrial production could set the sta
CONSUMER SPENDING STRONG DESPITE SLIM RISE IN SALES
Knight-Ridder Financial |
U.S. consumers are still lining up to buy clothes and food to satisfy immediate needs, economists to
ANOTHER SIDE TO UK UNEMPLOYMENT
(Ap) |
Although Britain's economy is on the upswing, stories still abound of long- term unemployed men and
NEWS SUMMARY
JOC Staff |
* Buying in France 4A * Robert Solomon & Hans Martin Koelle - Summit Tasks 8A* Tom Connors -
HARTFORD FINED $50,000 IN FLA. OVER HOMEOWNERS' PRACTICES
Kim Anderson |
The Florida Insurance Department has fined the Hartford Insurance Co. $50,000 for refusing to sell h
NAIC UNDER FIRE FOR MODEL LAW ON BROKER-CONTROLLED INSURERS
Laura Raley Borda |
A model law banning insurance brokers from placing business with insurers they control met heated op
DALKON SHIELD SETTLEMENT 'INSUFFICIENT'
(Ap) |
The $2.38 billion settlement in the A.H. Robins Co. Dalkon Shield case is not sufficient to cover pr
FED GOVERNOR PROPOSES ROUND-THE-CLOCK OPERATION
Journal of Commerce Staff |
The Federal Reserve System should begin clearing financial transactions around the clock rather than
COURT RULES ON CIGARETTE LABELS
(Ap) |
Warning labels on cigarette packages are sufficient to inform people about the dangers of smoking, a
ALASKA-SIBERIA FLIGHT HELPS THAW RELATIONS
(Ap) |
A friendship flight between Alaska and Siberia began its journey Tuesday to crack open a border clos
INSURANCE BRIEFS
From Wire and Staff Reports |
FARMERS AIRS CONCERNS OVER TOBACCO DECISIONFarmers Group Inc. Tuesday said the decision in t
HOUSE PANEL RESTRICTS ANTITRUST EXEMPTIONS
Leah R. Young |
A House Judiciary subcommittee, urged on by Judiciary Committee Chairman Peter Rodino, D-N.J., voted
BOTH AMERICANS AND SOVIETS ALIKE HAVE PROBLEMS WITH BUREAUCRACY
(Ap) |
In the Soviet Union, some bureaucrats in effect are saying the public be damned, said Soviet economi
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