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NEWS SUMMARY
JOC Staff |
AIR CARGO Forwarders face a challenge from the air cargo industry. 5BLow air freight rates
W. GERMANY'S KOHL SAYS EC AGREEMENT OPENS TRADE DOOR
Keith M. Rockwell |
West German Chancellor Helmut Kohl said the European Community summitcompromise reached earlier thi
S. KOREA TO IMPORT MORE IRON IN 1988
Journal of Commerce Staff |
Pig and scrap iron imports from China and the Soviet Union are expected to increase sharply this yea
INTEREST BILL ON US DEBT CONTINUING TO INCREASE
John Boyd |
No matter whose budget figures you use and whose economic growth forecasts you believe, the annual i
LOAD PLAN COULD AID TRUCKERS, HIGHWAYS
Michael S. Lelyveld |
Truckers call it the Turner Proposal. Some highway officials say it's the centipede issue. B
N. ATLANTIC NEWCOMER GIVES LOW SEALIFT BID
WILLIAM DiBENEDETTO |
A company that currently operates no ships on the North Atlantic trade route has submitted the low b
W. GERMANY EXPECTS ITS TRADE SURPLUS WITH US TO NARROW
Robert F. Morison |
Editor's Note: This is one of several articles that takes an in-depth look at the trading relationsh
ASIAN COPYRIGHT, PATENT PROTECTION BATTLE MOVES SLOWLY
P.T. Bangsberg |
In Confucian societies millennia ago, knowledge was prized because it was limited. The schol
US-CHINA DEAL MAKERS WORK AT BUILDING LONG-TERM RELATIONS
William Armbruster |
It's 10 p.m. in New York. Virginia A. Kamsky is dashing back from a dinner engagement to check the t
FINANCIAL BRIEFS
Wire and Staff Reports |
Japanese Banks Boost Overseas LendingTOKYO - Japanese financial institutions, aided by the s
FREIGHT RATE FUTURES
JOC Staff |
Feb. 18, 1988 Baltic International Freight Futures ExchangePrev.Close High
Maritime
FREIGHT FIRM LAUNCHES DOMESTIC LAND SERVICE
Mark Magnier |
American President Companies has introduced a door-to-door truckload transportation service for dome
Trucking News
BALTIC FREIGHT INDEX
JOC Staff |
1566.0 (Feb. 18, 1988) Previous day - 1561.5 The Baltic International Freight Futures Exchan
Maritime
TUG STRIKE SLOWS SOME NEW YORK TRAFFIC
Rose A. Horowitz |
Some slowdown in containership and large tanker traffic was reported in the New York harbor area on
Maritime
SEA-LAND FEELS STRIKE EFFECTS IN BOSTON
Journal of Commerce Special |
Sea-Land Service Inc. was trucking containers destined for Boston as the New York tugboat strike dis
Maritime
APL URGES SCRAPPING OF TAIWAN SANCTIONS
WILLIAM DiBENEDETTO |
American President Lines has urged the Federal Maritime Commission to drop proposed retaliatory acti
Maritime
FRENCH WARSHIP DESTROYS MINE IN GULF
(Ap) |
A French warship found and destroyed a drifting mine in the northern gulf, French naval officials sa
Maritime
NYK BARGAINING FOR 3 SHOWA SHIPS
Journal of Commerce Staff |
Nippon Yusen Kaisha, Japan's leading ocean carrier, says it is negotiating to take over three ships
Maritime
PEOPLE - INSURANCE
From Wire and Staff Reports |
BOND INVESTORS GUARANTY (New York) - Richard P. Kotz and Bernard L. Smith were named executive vice
GOTAAS-LARSEN SHIPPING REPORTS HIGHER PROFIT
Journal of Commerce Staff |
Gotaas-Larsen Shipping Corp. said Thursday that its fourth quarter net profit was up 66 percent from
Maritime
PUBLISHER'S NOTEBOOK
Don C. Becker |
Richard V. Parks, president of Farrell Lines Inc., has the reputation in the maritime industry of be
WORLD BANK A WINNER, LATIN AGENCY A LOSER UNDER BUDGET REQUEST
Richard Lawrence |
President Reagan's new budget asks Congress for the first installment of its proposed $13.8 billion
BRAZIL'S INFLATION FEARS MAY SHAPE POLITICS
Mimi Whitefield |
The prospect of hyper-inflation may shape Brazil's politics this year. After an annual infla
INSURANCE BRIEFS
From Wire and Staff Reports |
Deukmejian Defends Toxic Warning RulesSACRAMENTO, Calif. - Gov. George Deukmejian said that
LIABILITY CLIMATE WARMS UP IN MICH.
Laura Raley Borda |
Michigan's insurance environment has improved in recent years, but some specialty liability coverage
NEW OWNER MAY MEAN NEW HOME FOR INSURER
TOM McNIFF Jr. |
Keystone Provident Life Insurance Co. might be asked to relocate its home office to Rhode Island if
INSURANCE EARNINGS
JOC Staff |
Operating Income Falls At Corroon & BlackCorroon & Black Corp. Wednesday reported that opera
REAGAN URGES PASSAGE OF SENATE HEALTH BILL
Leah R. Young |
President Reagan used his annual budget message to urge Congress to pass the Senate's phased-in ver
AIDS SCREENING IS COMMON AMONG INSURERS, SURVEY SAYS
(Ap) |
Insurance companies have reported that many AIDS-related claims were based on physical conditions th
HUGE COPPER PRODUCER TEETERS IN PHILIPPINES
P.T. Bangsberg |
The largest copper producer in the Philippines, Marcopper Mining Corp., may be forced to halt operat
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
REAGAN 'RESCUE' TALK GIVES DOLLAR A BOOST
Knight-Ridder Financial |
The U.S. dollar rebounded from an early decline Thursday on President Reagan's statement that he wan
PEOPLE - FINANCIAL
From Wire and Staff Reports |
NATIONAL ASSOCIATION OF SECURITIES DEALERS (Burlingame, Calif.) - Steve Hickman was named regional d
NY, CHICAGO TO VIE FOR 5-YEAR FUTURES
Knight-Ridder Financial |
The Financial Instrument Exchange foresees a stiff challenge from the Chicago Board of Trade's plann
MIDLAND BANK OF UK POSTS HUGE '87 LOSS
Janet Porter |
Midland Bank reported a huge loss for 1987 after setting aside more than 1 billion ($1.7 billion) t
CHILE ASKS BANKS FOR $900 MILLION
Knight-Ridder Financial |
Chilean debt negotiators have asked creditor banks to authorize up to $900 million in voluntary len
BRAZIL'S FINANCE MINISTER PREDICTS PACTS WITH IMF, BANK CREDITORS
Richard Lawrence |
Finance Minister Mailson da Nobrega predicted Brazil will reach financial accords with both the Inte
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
COST OF CREDIT
JOC Staff |
Thu., Feb. 18, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
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