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FINANCIAL BRIEFS
Wire and Staff Reports |
Australian Dollar Soars to 3-Year HighSYDNEY, Australia - The Australian dollar rose above 7
SALOMON BROTHERS TAKES LESS RISKS
Knight-Ridder Financial |
Salomon Brothers Inc. is taking less risks in the marketplace as part of a new management philosophy
EARNINGS
JOC Staff |
Sales Net Income Per Share CompanyPeriod Latest Prior Latest Pr
NEW BANK CAPITAL STANDARDS MAY HURT US, JAPANESE MOST
Joural of Commerce Staff |
Major U.S. money center banks and some Japanese banks will be under the mostpressure to rais
COST OF CREDIT
JOC Staff |
Wed., May 4, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K.
CANADIAN BOND MART OFFERS HIGH YIELDS
Journal of Commerce Staff |
Canadian dollar bonds outperformed U.S. debt last year and are still attractive because of the yield
CHINESE SUGAR BUYING LOSES POWER ON FUTURES
Jacqueline Kosko |
World sugar futures traders here generally ignored recent news of Chinese purchases of raw sugar fro
BUNDESBANK TO SPELL OUT CONDITIONS OF EC UNITY
Knight-Ridder Financial |
The Bundesbank will not change its assessment of European monetary issues or relax the firm precondi
INDUSTRIAL PRICE INDEX
JOC Staff |
Daily Index Textiles Metals Misc.Smoothedpercent Change, -1.32
MEAT INDUSTRY VIEWS MIXED ON RECENT IBP ACQUISITION
Knight-Ridder Financial |
IBP Inc.'s recent purchase of 40 Heinold Hog Market Inc. buying stations has met with mixed views on
STUDY URGES FRAMEWORK FOR GLOBAL FARM TRADE
Keith M. Rockwell |
The world's major trading countries need a framework for global agricultural trade by next year if c
COMMODITY BRIEFS
Wire and Staff Reports |
Interest Rate Fears Seen Pressuring GoldFRANKFURT, West Germany - Near-term gold prices are
US URGED TO CONCENTRATE ON FAIR, NOT FREE, TRADE
Bill Mongelluzzo |
During his eight years in the Office of U.S. Trade Representative, Charles H. Blum traveled around t
Maritime
INTERNATIONAL BRIEFS
Wire and Staff Reports |
Midwesterners Seek New Textile Trade ActOMAHA, Neb. - More than 60 representatives from 36 a
Maritime
AGRICULTURAL TRADE LEADS
Supplied by U.S. Department of Agriculture |
Grapefruit Fresh grapefruit. Quantity: to be negotiated. Quality: top grade. Packaging: stan
HONG KONG PANEL STUDYING BRAIN DRAIN
P.T. Bangsberg |
A special government task force is beginning a detailed study of emigrationfrom the colony -
Maritime
BUYING IN NEW ZEALAND
JOC Staff |
Traditional Exports Beef, lamb, dairy products, wool.Potential ExportsFoods: venison
Maritime
EXPORTS FIND NICHE IN US GOURMET MART
Josh Goldstein |
New Zealand is finding bigger markets in the United States as the demand for healthier foods increas
Maritime
STEEL IMPORTERS GRAPPLE WITH RESTRAINT PACTS
Bill Mongelluzzo |
West Coast steel importers are being warned to expect that the voluntary restraint agreements on for
Maritime
NEWS SUMMARY
JOC Staff |
AVIATION Texas Air Corp. Chairman Frank Lorenzo repeated his public stance that Texas Air's
CHINA TO OFFER SEVERAL PROJECTS FOR US PARTNERS
Cristina Lee |
A large contingent of Chinese business leaders will arrive in Washington on May 10 with more than 40
GREENSPAN WARNS ON DOLLAR DROP
Journal of Commerce Staff |
A Draconian monetary tightening would be needed to head off rapid inflation if the dollar's value fe
GATT PANEL RULES CHIP PACT ILLEGAL
Journal of Commerce Staff |
The United States suffered setbacks Wednesday in General Agreement on Tariffs and Trade rulings on s
WORLD TODAY
From Wire and Staff Reports |
Move Isn't Expected To Help Trade BillA congressional move to strip an Alaskan oil export co
DOUBT SURROUNDS US SOVIET GRAIN TALKS
Knight-Ridder Financial |
Negotiators Wednesday ended their second round of talks on a new U.S.-Soviet long-term grain agreeme
LORENZO REITERATES NEED FOR REFORMS AT EASTERN
Dave Higdon |
Texas Air Corp. Chairman Frank Lorenzo repeated his public stance that Texas Air's Eastern Airlines
CLOUDS LIFT FOR NAVIERAS LINE AFTER FIRST PROFIT IN 12 YEARS
Craig Webb |
Navieras de Puerto Rico, the government-owned shipping line, has recoveredfrom its days as a
RAILROADS WON'T BUY NEW CARS FOR GRAIN
Howard S. Abramson |
Despite widespread complaints from farmers that a shortage of railcars has slowed shipment of grain
SHIP INDUSTRY WANTS TO CLOSE RANKS WITH CUSTOMS IN STAMPEDE ON DRUGS
Rose A. Horowitz |
Maritime industry leaders say they want to work more closely with the U.S. Customs Service to preven
COMPETITION ABOUNDS IN LEATHER'S BULL MARKET
Craig Webb |
Hans Vlessing sank down, down, down into the overstuffed luxury of his $10,000 chocolate brown leath
CANADIANS MOUNTING TECHNOLOGY CAMPAIGN
Tony Seideman |
Goods moving between the United States and Canada soon may lose their paper companions. And the U.S.
US COMPLAINTS ON TRADE TO GO TO GATT PANEL
Frances Williams |
The General Agreement on Tariffs and Trade, the world body that regulates most world trade, agreed W
WAGE CUTS CAN REDUCE A SHIPYARD'S PRODUCTIVITY
John Davies |
Several months ago Larry Sund needed to convert a ship into a fish processing factory trawler. Lured
SOVIETS SHOW INTEREST IN JOINT VENTURES WITH ALASKANS
Cristina Lee |
Soviet and Alaskan officials are negotiating over whether to set up several joint ventures entwining
SURGE IN US EXPORTS FILLS WESTBOUND SHIPS
Rose A. Horowitz |
Ocean carriers serving the trans-Pacific trade say their ships are sailing full westbound because of
OCEAN RATE COMPETITION HEATS UP IN THE PACIFIC
Rose A. Horowitz |
Leading retailers say higher prices for goods from Asia mean they will import less for the fall and
FLEETS OF FRITO-LAY AND MOBIL OIL WILL JOIN IN FEDERAL BRAKE TESTS
Michael S. Lelyveld |
Officials of Frito-Lay Inc. and Mobil Oil Corp. have confirmed that their fleets will be among the f
JAPANESE INSURERS COULD SHY AWAY FROM US TREASURY BOND AUCTION
A.E. Cullison |
Executives of Japanese insurance companies, traditionally large-scale purchasers of U.S. Treasury bo
US NEGOTIATORS MAKE LITTLE HEADWAY IN SEOUL
Hannah Moore |
U.S. and South Korean trade negotiators ended their second day of talks Tuesday with no word of agre
ALASKA OIL MEASURE SURVIVES 3 ATTACKS
WILLIAM DiBENEDETTO |
A House committee staved off three so-called killer amendments to legislation that will permit oil a
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