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BUDGET DEFICIT PROMPTS CHINA TO IMPOSE AUSTERITY PROGRAM
Jasper Becker |
After two years of excessive growth, China is launching an austerity program to slash profligate spe
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Japan Voices Regret Over US Trade BillHajime Tamura, minister of international trade and ind
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
FINANCIAL BRIEFS
From Wire and Staff Reports |
Monday Hearing Set In Brazil Bank StrikeSAO PAULO, Brazil - A hearing before Brazil's Labor
BUDGET DEFICIT PROMPTS CHINA TO IMPOSE AUSTERITY PROGRAM
Jasper Becker |
After two years of excessive growth, China is launching an austerity program to slash profligate spe
Maritime
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
POOL BACKS COVER INCREASE
Paula L. Green |
A nuclear insurance industry group is advocating a $40 million increase in the first tier of liabili
COST OF CREDIT
JOC Staff |
Thursday, March 26, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
WHEAT PRODUCTION ESTIMATE HIKED
Knight-Ridder Financial |
Estimated world wheat production for the 1986-87 (July-June) crop year has been re vised upwards by
FOOD COST OUTLOOK APPETIZING
(Ap) |
Lower government price supports for major farm commodities may lower farm prices and help level off
WALL STREET CONSIDERS INSURANCE CAPTIVE SETUP
Paula L. Green |
Securities firms are about to join a line of other industries that have broken ranks with the tradit
PORT OF HOUSTON COMPLETES 1ST TAXABLE BOND OFFERING
C.A. Carpenter |
Investors went crazy over the port of Houston. The Harris County government entity completed
COMMODITY BRIEFS
From Wire and Staff Reports |
Fla. FCOJ Processor Announces Price HikeLykes-Pasco Packing Co., Dade City, Fla., raised its
INSURANCE BRIEFS
From Wire and Staff Reports |
Automakers Salute Air Bag ExtensionCarmakers have been granted an extra four years, until 19
CFTC FEE EYED TO COVER COST OF SURVEILLANCE
Knight-Ridder Financial |
The Reagan administration has directed the Commodity Futures TradingCommission to propose a
CFTC, SEC MERGER CONCEPT HIT
Knight-Ridder Financial |
Officials of the Commodity Futures Trading Commission reaffirmed their opposition to a merger with t
SALE OF USL LINES MARKS END OF ERA
Joseph Bonney |
The sale of United States Lines' remaining operations apparently means that what was once the best-k
Maritime
ALUMINUM OUTLOOK BRIGHT IN AUSTRALIA
Knight-Ridder Financial |
Increased export demand probably will boost unwrought aluminum output by Australia's six smelters to
CALIF. TRADE PANEL TARGETS EASING OF EXPORT BARRIERS
John Davies |
The state of California, heartened by success at getting some barriers to California agricultural ex
Maritime
SAN FRANCISCO SHIP CLERKS ADAMANT ON BARGE TIE-UP
Journal of Commerce Staff |
Longshoremen say they believe they will be able to prevent cargo from being unloaded from three Haw
Maritime
SPOT PRODUCT PRICES
JOC Staff |
March 26, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon,
MARITIME BRIEFS
From Wire and Staff Reports |
Salvaging of Ferry Ahead of ScheduleZEEBRUGGE, Belgium - Preparations to right a capsized Br
Maritime
HADSON CORP. TO ACQUIRE SEAXE ENERGY
(Ap) |
Hadson Corp., an Oklahoma oil and gas company, is expected to assume management of the financially a
EVERHARD FINDS FAULT WITH SHIP ACT
Maureen Robb |
The maritime industry blew it" by supporting the Shipping Act of 1984, a leading transportation exec
Maritime
UK'S NORTH SEA OUTPUT AT PLATEAU, THATCHER SAYS
Knight-Ridder Financial |
U.K. North Sea oil production "remains on a plateau" and is unlikely to rise in the future, Prime Mi
LA. LABOR SMOOTHED PATH TO LOWER RATES FOR BAGGED CARGO
Marie Prat |
The road to lower rates for bagged cargo at the port of New Orleans was smoothed by labor's agreemen
Maritime
MITSUI TO OFFER STACK SERVICE
Gloria Joseph |
Mitsui O.S.K. Lines is the third Japanese shipping line within the month toannounce it will
Maritime
LEASE RULING FAVORS ONCE-PENNILESS PLAINTIFF
(Ap) |
A Cherokee-Creek Indian who was penniless and lived in a car while oil and gas was being pumped from
JAPANESE LANGUAGE AN OPEN BOOK
(Ap) |
Imports keep pouring into one of Japan's most open markets - the Japanese language. Foreign-
Maritime
BP OFFERS $70 A SHARE IN BID FOR STANDARD OIL
Kirby V. Freeman |
BP North America Inc., a unit of British Petroleum Co., Thursday put up a $7.4 billion, $70 a share
ENERGY BRIEFS
From Wire and Staff Reports |
Nigeria Offers to Lend Crude to EcuadorQUITO, Ecuador - Nigeria has offered to lend Ecuador
MARITIME CALENDAR
JOC Staff |
Women's Traffic Club of New York. Third annual Industry Night. March 27 at the Whitehall Club, New Y
Maritime
PORTS TOLD TO ACT ON TRADE BILL
Robert F. Morison |
U.S. ports, with their great stake in foreign trade, should realize it's late in the trade bill batt
Maritime
BELGIAN MINERS PROTEST SHUTDOWNS
(Ap) |
About 1,500 coal miners Thursday demonstrated in Brussels against the planned shutdown of three of
NAVY JOB CRITICIZED IN WIS.
(Ap) |
Wisconsin members of Congress are trying to head off a contract under which an Italian-based company
Maritime
COAL MARKETS US GETS ONLY FRACTION OF SWEDISH BUSINESS
Tim Sansbury |
Efo, the Swedish coal buyer for 11 municipal utilities, recently bought over a million metric tons o
TURKEY TO EXPLORE DISPUTED AREAS OF AEGEAN
(Ap) |
The Turkish government, reversing a 10-year-old policy designed to avoid confrontation with neighbo
NOL OFFICIAL SEES STABILITY RETURNING TO PACIFIC TRADES
Bill Mongelluzzo |
After more than two years of declining revenues and the departure of several ocean carriers, the tra
Maritime
GREAT LAKES PORTS PRESS CANADA FOR USER FEE
Alan F. Schoedel |
Great Lakes ports say President Reagan's meeting with Canadian Prime Minister Brian Mulroney next mo
Maritime
SEATTLE CONSTRUCTION WORKER FREED AFTER CRANE ACCIDENT
Gloria Joseph |
Trapped in a submerged crane in the Duwamish Waterway for the better part of an hour Wednesday, a ma
Maritime
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