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Commentary
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FINANCIAL BRIEFS
Wire and Staff Reports |
US TO EASE TERMS FOR POOREST DEBTORSWASHINGTON - Treasury Secretary James A. Baker III annou
GLOBAL BORROWING RISES 25 PERCENT TO RECORD
Knight-Ridder Financial |
Total borrowing on international capital markets in the first quarter of 1988 was a record $118.2 bi
INDUSTRIAL PRICE INDEX
JOC Staff |
Daily Index Textiles Metals Misc.Smoothedpercent Change, 2.16
HONG KONG BOURSES FACE BIG CHANGES
P.T. Bangsberg |
A stinging indictment of the former management and control of Hong Kong's stock and futures markets
IMPORT BRIEFS
Wire and Staff Reports |
CHINESE HEADWEAR TO BE INVESTIGATEDThe International Trade Commission will investigate wheth
Maritime
CUSTOMS UPDATE
Customs Update is based on reports from U.S. Customs Service |
SPECIAL INSTRUCTIONS FOR IMPORT OF MACHINE TOOLS - VOLUNTARY RESTRAINT AGREEMENTS. Effective immedia
Maritime
CANADIAN FIRMS BEAT US IN POLL ON TRADE PACT PREPAREDNESS
Cristina Lee |
U.S. companies trail their Canadian counterparts in preparing for the Canada- U.S. Free Trade Agreem
JOHN BOYD'S ECONOMIC BEAT
John Boyd |
ALTHOUGH INTEREST RATES have been rising, the president's chief economist is praising the Federal Re
US COMPETITIVENESS STILL LAGS, STUDY SAYS
Richard Lawrence |
The recent U.S. export boom does not necessarily mean that the United States is becoming more intern
RETAIL SALES CONTINUED SLUGGISH TREND IN MAY
JOC Staff |
The nation's largest general retailers suffered through another month of lackluster sales in May as
MEXICO GETS LOAN FOR PORTS
Knight-Ridder Financial |
The World Bank said Thursday it would lend Mexico US$50 million to help it modernize four of its car
STEEL INDUSTRY POSTS FIRST PROFIT SINCE '81
From Wire Reports |
The U.S. steel industry's net income last year was $1 billion, the industry's first profit since 198
JOBLESS AID CLAIMS SHOW 8,000 RISE
From Wire Reports |
New claims for state unemployment insurance benefits were made by 313,000 people during the week end
NEWS SUMMARY
JOC Staff |
AVIATION The Transportation Department said Texas Air Corp. and its two subsidiaries, Easter
S. AFRICAN UNIONS PLAN JOB ACTION
(Ap) |
South Africa's business community is bracing itself for what the country's two largest trade union g
FAMILIES SMALLEST EVER
(Ap) |
A Census Bureau report says the American family has shrunk to its smallestsize ever at 3.19
ADVERTISERS TARGETING ASIAN-AMERICANS IN THE US
(Ap) |
They are being bombarded with sales pitches for everything from book-of-the- mon th clubs to cognac.
BUSINESS IN TODAY'S NEWS
JOC Staff |
This index alphabetically lists all companies and other operating organizations such as ports mentio
PROPOSED AIR RULES FOR CHEMICALS HIT SMALL GUY HARDEST
Arnaldo Arroyo |
Folks down at Stamey's Bar-B-Que in Greensboro, N.C., are less worried about noxious fumes from thei
PEOPLE - INSURANCE ATLANTIC MUTUAL TAPS TROWBRIDGE AS CHAIRMAN
From Wire and Staff Reports |
Edward K. Trowbridge was named chairman and chief executive at Atlantic Mutual Cos., a property/casu
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
GREEK CARRIERS GET BROADER POWERS
Victor Walker |
Ship lines will be allowed to expand their operations in Piraeus, Greece's principal port, under new
Maritime
WELLS FARGO, BARCLAYS COMPLETE CALIF. DEAL
(Ap) |
Wells Fargo & Co. said Wednesday it has completed its purchase of Barclays Bank of California for $1
HAWAIIAN TELLERS 'SPEAK' JAPANESE
(Ap) |
With more than 1 million Japanese tourists now visiting Hawaii each year, Bank of Hawaii is moving t
PEOPLE - FINANCIAL
From Wire and Staff Reports |
BANK LEUMI TRUST CO. OF NEW YORK (New York) - Robert Wagner was named a first vice president. He was
COST OF CREDIT
JOC Staff |
Wed. June 1, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K.
FINANCIAL BRIEFS
Wire and Staff Reports |
FRANCE DISMANTLING CURRENCY CONTROLSPARIS - French Finance Minister Pierre Beregovoy Wednesd
FOREIGN EXCHANGE DEALERS: TRADE DEFICIT WILL IMPROVE
Gordon Platt |
Foreign exchange dealers from around the world expect the U.S. trade deficit to improve dramatically
BUNDESBANK WON'T RAISE RATES IN JUNE, DEALERS SAY
Knight-Ridder Financial |
A generous securities repurchase agreement allocation Wednesday that added 7.1 billion deutsche mark
NEW SILKWORM MISSILE BASE REPORTED IN PERSIAN GULF
(Ap) |
A Marine Corps general said Wednesday that Iran is about to finish building a new Silkworm missile s
Maritime
SOVIETS, FRENCH SET SUGAR SWAP
Knight-Ridder Financial |
The most recent 300,000-metric-ton raw sugar swap between the Soviet Union and at least one major in
PHILIPPINES TO SELL 5 MINING OPERATIONS
P.T. Bangsberg |
The government of the Philippines intends to push the sale of at least five mining companies this ye
INDUSTRIAL PRICE INDEX
JOC Staff |
Daily Index Textiles Metals Misc.Smoothedpercent Change, -1.19
OPPOSITION STALLS TARIFF SYSTEM
Rose A. Horowitz |
The Federal Maritime Commission's plan for an automated tariff-filing system has been stalled by opp
Maritime
LYNG DEFENDS WHEAT DECISION
Knight-Ridder Financial |
U.S. Agriculture Secretary Richard Lyng Wednesday said continued dry weather in much of the U.S. gro
EC CONDEMNS US CHANGE IN WHEAT SET-ASIDE RULE
Bruce Barnard |
The European Community angrily denounced Wednesday the United States' decision to slash the set-asid
NEW JAPANESE SYNTHETIC SUEDE STRETCHES ACROSS THE PACIFIC
Shelina Shariff |
Kuraray Co., the Japanese company that gave us Ultra-suede and Suedemark as substitutes for natural
Maritime
DOMINICAN REPUBLIC GETS BOOST IN TEXTILES
Mimi Whitefield |
The new textile agreement between the United States and the Dominican Republic gives that island nat
Maritime
IMPORT BRIEFS
Wire and Staff Reports |
US TELLS MEXICO TO END STAINLESS STEEL EXPORTSThe Commerce Department has notified the Mexic
Maritime
SUEDEMARK TARGETS UPSCALE BUYERS
Journal of Commerce Staff |
The people who buy Japanese-make synthetic suedes like Suedemark are mostly apparel manufacturers wh
Maritime
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