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PRIME RATE INCREASE BULLISH FOR DOLLAR
Knight-Ridder Financial |
The U.S. dollar rose Wednesday as major U.S. banks raised their prime rate to 7.75 percent from 7.5
NEWS SUMMARY
JOC Staff |
GENERAL NEWS Few, if any, sparks are likely to fly when President Reagan and Prime Minister
Maritime
REAGAN HIGHWAY WIN MAY BE SHORT-LIVED
Staff and Wire Reports |
The Senate appeared to be moving toward overriding President Reagan's veto of an $88 billion highway
THE ECONOMY CONSTRUCTION SPENDING INCREASES 1 PERCENT
From Wire and Staff Reports |
U.S. construction spending rose 1 percent in February to a seasonally adjusted annual rate of $378.4
PANEL FAVORS WRIGHT PLAN RECAPITALIZATION
Journal of Commerce Staff |
Prospects for banking legislation in this Congress improved with a House Banking Committee decision
WORLD TODAY
From Wire and Staff Reports |
Treaties Proposed WASHINGTON - The Soviet Union has approached a number of West European cou
NEWS SUMMARY
JOC Staff |
GENERAL NEWS Few, if any, sparks are likely to fly when President Reagan and Prime Minister
BUDGET PLAN PAIRS CUTS, NEW REVENUES
John Boyd |
The House Budget Committee adopted, on a straight party-line vote, a fiscal 1988 spending plan that
OIL SEARCH PROPOSAL MAY DOOM CALL OF THE WILD IN ALASKA
Gloria Joseph |
The porcupine caribous don't know it, but they're at the center of an oil and gas exploration contro
PREFERENCE BILL ADVANCES IN HOUSE
Tim Neale |
The House Merchant Marine & Fisheries Committee is expected to approve three maritime bills today,
WARNER-LAMBERT NARROWS ITS FOCUS STOCK RECOVERY FOLLOWED RESTRUCTURING FROM A LOOSE CONGLOMERATE
Timothy Mullaney |
In December 1985, Warner-Lambert Co. looked as if it were flat on its back. The $3.1 billion
IMAGE-BUILDING PRIORITY OF US-CANADA SUMMIT?
Leo Ryan |
Few, if any, sparks are likely to fly when President Reagan and Prime Minister Mulroney of Canada ge
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
STOCK RISE IN LATE BUYING ROUND
Gordon Platt |
Stock prices rose on a late round of buying in the blue chips Wednesday, despite news of the first i
BANKS SKEPTICAL OF DEBT SWAPS
Knight-Ridder Financial |
A bid by the Philippines to pay interest on its debt with shares in its companies rather than with d
COST OF CREDIT
JOC Staff |
Wednesday, April 1, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
MORRIS: WORKING FOR DECONTROL
Maureen Robb |
Greg Morris is a hard man to reach these days. As the president of a new shipper-trucker gro
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
CORN PLANTING CUTBACKS SEEN
(Ap) |
Farmers plan to cut back sharply on corn plantings this spring, reflecting overloaded world granarie
CBT CONTRACT SETS VOLUME RECORD
Knight-Ridder Financial |
The Chicago Board of Trade announced its municipal bond futures contract set a volume record Monday
FARM PRICES REMAIN STEADY
(Ap) |
An Agriculture Department report shows that farmers, on the aver age, in March got about the same pr
DEAK ACQUIRES JOHNSON MATTHEY COMMODITIES UNIT
Journal of Commerce Staff |
Deak International moved Wednesday into wholesale trading of precious and nonferrous metals in both
COMMODITY BRIEFS
From Wire and Staff Reports |
Malaysia Reports Drop In 1986 Tin ProductionKUALA LUMPUR, Malaysia - Malaysia's 1986 tin pro
CANADIAN WHEAT STOCKS EXPECTED TO INCREASE
Knight-Ridder Financial |
Canadian all-wheat ending stocks in the 1987-88 (August-July) crop year are expected to total 17.118
NY BILL ALLOCATES CHEAP POWER STATEWIDE
Journal of Commerce Special |
Both houses of the state legislature have agreed to pass a bill to allow for re-allocation of New Y
CME EYES CHANGE IN EURODOLLARS
Knight-Ridder Financial |
The Chicago Mercantile Exchange is considering extending the number of listed Eurodollar futures con
SPOT PRODUCT PRICES
JOC Staff |
April 1, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon,
VENEZUELA'S REFINERY NETWORK CAPTURES INTERNATIONAL MARKETS
(Ap) |
As Venezuelan officials tell it, it's almost incidental that this nation has become the biggest oil
LOWER STOCKS, REFINERY RUNS SEEN ENCOURAGING
Knight-Ridder Financial |
Drawdowns in stocks and slightly lower refinery runs reported by the American Pe troleum Institute w
NIGERIA TO LOAN CRUDE TO ECUADOR
Knight-Ridder Financial |
Nigeria's President Ibrahim Babangida has approved a 10,000-barrel-a-day loan of crude oil to Ecuado
PURCHASE PUTS KUWAIT DEEPER IN EUROPE'S DOWNSTREAM MART
Journal of Commerce Staff |
Kuwait added 389 gas stations to its fast-growing European retail network with the acquisition of Br
CELERON PIPELINE GETS WATER TEST
(Ap) |
Water rushed into a $1 billion crude oil pipeline in a test of the line that stretches 1,225 miles
HAYES CALLS FOR VOTE AFTER HE'S REMOVED FROM MM&P OFFICE
Chris Dupin |
An independent-minded vice president of the International Organization of Masters, Mates, and Pilots
Maritime
OIL, GASOLINE INVENTORIES DECLINED DURING WEEK
Journal of Commerce Staff |
Supplies of distillate oil and gasoline declined, according to the American Petroleum Institute's l
ENERGY BRIEFS
From Wire and Staff Reports |
Egyptian Crude Prices To Hold Through AprilEgypt's crude oil prices are to remain unchanged
NET KEEPS AGENTS IN GOOD COMPANY
Joseph Bonney |
In the late 1970s, Frank Overlaet had an idea: a select, worldwide association of reputable ship age
Maritime
KSC-HANJIN DEAL NEAR
Bill Mongelluzzo |
The much-anticipated acquisition of Korea Shipping Corp. by the Hanjin Group of Seoul appears to be
Maritime
NY LIGHTHOUSE GOES HIGH-TECH
(Ap) |
The Montauk Lighthouse has gone modern. The three Coast Guard officials who used to man the
Maritime
PORT EVERGLADES CUTS WHARFAGE FEES
Craig Dunlap |
The new executive director of the Port Everglades Authority evidently feels comfortable in his posit
Maritime
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