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USAA AUTO INSURER UNVEILS AIR BAG INCENTIVES
Leah R. Young |
USAA, the insurance company for military officers and dependents, is kicking off a new insurer-led d
DOLLAR DECLINES BROADLY
Knight-Ridder Financial |
The dollar declined broadly Wednesday despite talk of Federal Reserve intervention to support the U.
GLOBAL BANKING MART COMPETITION HEATS UP
Gordon Platt |
Too many banks are aspiring to leadership positions in the global marketplace, and not all will succ
DEUTSCHE BANK EARNINGS DECLINE
Knight-Ridder Financial |
Deutsche Bank's operating profit fell 41 percent in 1987, due largely to the fall in the value of th
CAPITAL OUTFLOW SLOWS IN JAPAN
Journal of Commerce Staff |
The outflow of capital from Japan peaked last year and is now falling, American Express Bank Ltd. sa
MEXICO HAS SURPLUS ON CURRENT ACCOUNT
WILLIAM A. ORME Jr. |
Rising oil prices and a 24 percent jump in manufactured export sales left Mexico a solid US$4.23 bil
HONG KONG REFORMING SECURITIES REGULATION
P.T. Bangsberg |
The first concrete step in revamping supervision of Hong Kong's battered securities industry comes t
PEOPLE - FINANCIAL
Wire and Staff Reports |
DAIWA SECURITIES AMERICA (New York) - Philip E. Zachary was named executive vice president and chief
FINANCIAL BRIEFS
Wire and Staff Reports |
Soviets Establishing Cooperative BankMOSCOW - The Soviet Union is establishing a cooperative
BAKER URGES CONGRESS TO SUPPORT DEVELOPMENT BANK FUNDING PLAN
Knight-Ridder Financial |
Treasury Secretary James A. Baker III Wednesday asked a Senate appropriations committee to support t
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
COST OF CREDIT
JOC Staff |
Wed., March 30, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
PHILADELPHIA EXPANDS NIGHT TRADING
(Ap) |
The Philadelphia Stock Exchange has added futures and options trading on the British pound and the S
TRADERS AWAIT REPORT ON HOG, PIG NUMBERS
Wire and Staff Report |
The U.S. Department of Agriculture's scheduled report on the hog and pig population today is expect
COURT UPHOLDS JURISDICTION OVER DONALDSON LUFKIN
Journal of Commerce Staff |
The Commercial Court in London ruled that the legal proceedings brought against New York-based Donal
CUBAN SUGAR SWAPS EXPECTED TO CONTINUE
Jacqueline Kosko |
Cuba's sugar swaps and deferral arrangements will continue in 1989, traders here said. The r
COMMODITY BRIEFS
From Wire and Staff Reports |
China Considering Futures MarketsChina is considering opening commodity futures markets, the
IRAN SEEKING END OF ARGENTINE BAN
Knight-Ridder Financial |
Iran has reportedly asked Argentina to end its 45-day-old embargo on grain shipments, after making a
US FARMERS STAY PLACID AMID JAPAN BEEF FIGHT
Josh Goldstein |
U.S. beef and orange interests will continue exporting to Japan on Friday even if the U.S.-Japan agr
Maritime
INTERNATIONAL BRIEFS
Wire and Staff Reports |
EC Consumer Prices Rose 0.3 percent in FebruaryBRUSSELS, Belgium - Consumer prices in the 12
Maritime
HONG KONG'S CHEUNG KONG POSTS 23 PERCENT RISE IN PROFIT
P.T. Bangsberg |
Cheung Kong (Holdings) Ltd., flagship of entrepreneur Li Ka-shing, reported that its profit rose 23
Maritime
EXPORT BRIEFS
Wire and Staff Reports |
Staar Surgical, Canon Slate Japan VentureMONROVIA, Calif. - Staar Surgical Co. has signed a
Maritime
GREEKS WAGE BATTLE FOR TOP BANANA
Victor Walker |
The banana usually isn't considered a passion fruit, but Greeks are generating a remarkable amount o
Maritime
NEW ALCOA CHAIRMAN WANTS FOCUS TO BE ON ALUMINUM
(Ap) |
Alcoa Chairman Paul O'Neill says the company will concentrate on the business that its name reflects
AUSTRIANS ARE WORRIED WALDHEIM CONTROVERSY WILL HURT BUSINESS
(Ap) |
Austrians are worried that the uproar over President Kurt Waldheim is bad for exports and may also m
Maritime
NEWS SUMMARY
JOC Staff |
AVIATION Cargo hold changes under study by FAA. 2BBritish Aerospace posted a loss for 1987.
NASA SHUTTLE SECURITY CALLED LAX
Orlando Sentinel |
Six years after President Reagan demanded that space shuttle security be upgraded, the National Aero
FEDERAL SPENDING IN US AVERAGES $3,433 A PERSON
(Ap) |
Federal spending averaged nearly $3,433 an American in 1987, about $41 more than the year before, th
HISTORIC MEETING WILL EXPLORE DELAWARE RIVER PORT UNIFICATION
Gloria Joseph |
The governors of Delaware, New Jersey and Pennsylvania will hold formal talks Monday aimed at unifyi
GEPHARDT WON'T RETREAT ON TRADE AMENDMENT
Keith M. Rockwell |
Rep. Richard Gephardt, D-Mo, threw himself quickly into the trade bill fray Wednesday by declaring t
COMPANIES IN TODAY'S NEWS
JOC Staff |
-A-B-C-D- ABI Management Inc. 9AACLI International Inc. 6AACLI Metals (London) L
TEAMSTERS, TRUCKERS LIKELY TO MISS DEADLINE FOR PACT
Leo Abruzzese |
Negotiators for the Teamsters union and the trucking industry may miss today's deadline for completi
JAPANESE HITS PACT ON PUBLIC WORKS
A.E. Cullison |
A construction industry leader complained Wednesday that Japanese negotiators agreed to open the cou
RAILS MAKE OFFER ON JOB PROTECTION
Howard S. Abramson |
The nation's railroads have offered their labor unions a proposed settlement on job protection in an
MANY ON STREET SEE AMERICAN PRESIDENT AS RIPE FOR TAKEOVER
Mark Magnier |
A venerable shipping name, American President Cos., has surfaced as a possible takeover target now t
RAILS LEAD THE FIELD OF POSSIBLE SUITORS
Mark Magnier |
Virtually all of the major U.S. railroads, with the exception of Santa Fe Southern Pacific Corp. and
JOINT BUDGET PLAN DRAWS RAPID FIRE
John Boyd |
The Senate Budget Committee approved a bipartisan 1989 budget that was criticized by senators who mu
QUOTE TO NOTE
JOC Staff |
On U.S. trade with the Caribbean: Behind the smiling face of our diplomacy are the teeth of
Maritime
US TRADE CHIEF SEEKS JOINT PLYWOOD STANDARD
(Ap) |
The Reagan administration's top trade official says U.S. tariffs on Canadian plywood won't be lowere
Maritime
US CARMAKERS CHARGE JAPANESE DUMP PICKUPS
From Wire and Staff Reports |
U.S. carmakers Wednesday accused five Japanese automakers of dumping compact trucks in theU.S. marke
Maritime
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