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SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
BRAZILIANS CHEER US CITRUS RULING
James Bruce |
Brazil's citrus processors cheered Washington's decision this week that lowers dumping margins charg
VENEZUELAN OIL MAY SUPPLY ECUADOR'S CLIENTS
(Ap) |
Venezuela may supply oil to Ecuador's foreign clients while Ecuador repairs its earthquake-damaged
NORTH SEA OIL SURGES ABOVE $18
Journal of Commerce Staff |
Prices for North Sea crude oil surged above $18 a barrel Wednesday, propelled by tumbling production
CHEMICAL MARKETS
Journal of Commerce Staff |
Celanese Announces Glycol Price IncreaseCelanese Chemical Co. announced an increase in the s
SEAWAY SET TO LURE CARGOES
Bruce Barnard |
The St. Lawrence Seaway is likely to capture cargoes from U.S. East Coast and Gulf ports in 1987 bec
Maritime
DYSENTERY HITS SAILORS AT ACADEMY
(Ap) |
A wave of dysentery struck some 500 sailors at a merchant marine academy near this southern Italian
Maritime
CREDIT CARD CLASH RAGING IN AUSTRALIA
Vincent W. Stove |
American Express and Visa International are stepping up their head-on competition for supremacy in t
ECUADOR CANCELS '87 DEBT PAYMENTS
(Ap) |
Ecuador canceled payments for the rest of the year on its $8.2 billion foreign debt following strong
STRIKES AND LOCKOUTS ON THE RISE IN THE US
(Ap) |
For the first time this decade, strikes and lockouts are on the increase in the United States as bot
SOVIET WHEAT SUBSIDY URGED
Knight-Ridder Financial |
Although the Reagan administration has shown much interest in offering export bonus to the Soviet Un
LYKES TO GIVE APL NEW SHIPS ON LEASE
John Davies |
American President Lines will expand its Pacific fleet by chartering four newly built Lykes Brothers
CHICAGO LOOKS TO THAILAND
P.T. Bangsberg |
Midwest America met Southeast Asia last week, as Chicago officials shopped for investment and joint
Maritime
ENERGY BRIEFS
From Wire and Staff Reports |
FERC Approves Plan To Convert MidlandThe Federal Energy Regulatory Commission approved Consu
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Japanese Automakers To Maintain EC SalesJapanese automakers agreed to hold monthly exports t
Maritime
CONFLICTS OF INTEREST CITED AT PORTLAND
Journal of Commerce Special |
Just back from a trade mission to Japan, Oregon Gov. Neil Goldschmidt wasted little time this week i
Maritime
JAPANESE CITE NEED TO STIMULATE ECONOMY
A.E. Cullison |
The Ministry of International Trade and Industry has called for drastic measures to stimulate the ec
Maritime
AUSTRALIA URGES REDUCTIONS IN US AGRICULTURE SUBSIDIES
John Davies |
Unless the United States eases away from farm subsidies that are producing massive surpluses, a disa
Maritime
REINSURANCE MART GREW IN '86
Journal of Commerce Staff |
The U.S. reinsurance market grew 46 percent last year to represent a $12.8 billion industry, a repre
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
IMPORT BRIEFS
From Wire and Staff Reports |
EC Threatens US With Textile CurbsBRUSSELS, Belgium - Willy de Clercq, member of the Europea
Maritime
FAIR SIGNALS CHANGE IN CHINA
Cristina Lee |
The story behind this week's Foshan Export Commodity Trade Fair in Manhattan may be a sign of change
Maritime
CUSTOMS SERVICE URGES BROKERS TO PREPARE FOR NEW CODE SYSTEM
Bill Mongelluzzo |
The U.S. Customs Service is urging customs house brokers to prepare now for the new classification s
Maritime
QUOTE TO NOTE
JOC Staff |
On the U.S. deficit It's the United States, with its monstrous public deficit and trade imba
Maritime
MARAD WAIVER UPHELD FOR ALASKAN TANKER
Robert F. Morison |
The U.S. District Court here endorsed the way in which the Maritime Administra tion approved the tem
Maritime
MITSUBISHI SIGNS DEAL TO RECOVER USL CONTAINERS
Gregory S. Johnson |
Transamerica ICS Inc. has signed an agreement with Mitsubishi Corp. to recover about 26,000 containe
Maritime
TRITON COMPLETES SASKATCHEWAN WELL
Journal of Commerce Staff |
Triton Energy Corp. said its Canadian unit completed an oil well in Saskatchewan. The well i
SPANISH COAL MINERS PROTEST CONDITIONS
(Ap) |
At least 5,000 coal miners near this northern Asturian town stayed off the job in a one-day strike
FERRIES CHECKING SAFETY FACTORS
(Ap) |
Ferry operators began implementing safety procedures the government ordered after a British car ferr
Maritime
PANEL TO PONDER HONG KONG TAX
Alan F. Schoedel |
The form of taxation to be levied on shipping in the new Hong Kong register, when it comes into bein
Maritime
SEAWAY TO OPEN ON MARCH 31
Journal of Commerce Staff |
The 29th shipping season on the St. Lawrence River will start at the end of March. James L.
Maritime
ENGEN DEFENDS FIRINGS
Journal of Commerce Staff |
The administrator of the Federal Aviation Administration said its 1981 decision to fire 163 air traf
MAJOR PHILIPPINE MINING COMPANY SEEKS PROTECTION
P.T. Bangsberg |
One of the major export companies in the Philippines, Nonoc Mining & Industrial Corp., is seeking pr
DUTCH IMPORTS OF COCOA TALLIED
Knight-Ridder Financial |
The Netherlands imported 17,410.2 tonnes of cocoa beans in December 1986 and a total of 198,350.9 me
IRVING TO MANAGE WIS. UTILITY TRUST
Journal of Commerce Staff |
Irving Trust Co. was appointed an investment manager of Wisconsin Electric Power Co.'s trust for dec
KODAK BUYS 18.7 PERCENT SHARE OF ENZON
Journal of Commerce Staff |
Eastman Kodak Co. acquired a $15 million, 18.7 percent share of Enzon Inc., a South Plainfield, N.J
VW FEARS HEAVY LOSS IN CURRENCY SCANDAL
(Ap) |
West German automaker Volkswagen said it may have lost up to 480 million deutsche marks, or US$266 m
Maritime
CHINA ABOUT TO RE-EMERGE AS MAJOR GRAIN IMPORTER
Jasper Becker |
China will re-emerge as a major importer of grain this year after it became a net exporter in 1985 f
ENERGY BRIEFS
From Wire and Staff Reports |
Champlin Has Interest In Alberta Oil FindCALGARY, Alberta - Champlin Canada Ltd. announced i
INDIA FACES ROCKY ROAD TO 21ST CENTURY
(Ap) |
Prime Minister Rajiv Gandhi's oft-repeated goal is to prepare India and its economy for the 21st cen
Maritime
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