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HONG KONG DEBUT MARRED BY BEARS
P.T. BANGSBERG |
Hong Kong's new unified stock market opened Monday following speeches by senior figures in the indus
SDR RATES
JOC Team |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
RATE HOPES BOOST STOCKS
GORDON PLATT |
Stocks, aided by rising bond prices and computer-driven buying programs, rose in slow trading Monday
DOLLAR FALLS IN CAUTIOUS TRADING
Journal of Commerce Staff |
A new set of accounting rules for loan fees and loan origination costs, scheduled to take effect nex
FIRE FORCES COAL REROUTING CONNEAUT COULD GAIN W.VA., PA. TONNAGE
TIM SANSBURY |
Up to 1.25 million tons of Pennsylvania and West Virginia coal bound for U.S. and Canadian consumers
ENERGY BRIEFS
From Wire and Staff Reports |
Consolidated Hydro<br><br> Acquires 3 ProjectsGREENWICH, Conn. - Consolidated Hydro Inc. signed purc
UNION CARBIDE, GAF SIGN PACTS
Journal of Commerce Staff |
Union Carbide Corp. and GAF Corp. announced the signing of two long-term agreements providing for th
CUOMO TO KEEP PSC AT 5 MEMBERS?
(AP) |
Gov. Mario Cuomo, faced with one vacancy on the utility rate-setting Public Service Commission and a
EASTERN SUSPENDS MINING OPERATION
Journal of Commerce Staff |
Eastern Gas and Fuel Associates suspended coal mining operations at its Powderhorn Mine in Grand Jun
CHEMICAL MARKETS SOFT PRICES CONTINUE FOR PATCHOULI
Journal of Commerce Staff |
A soft pricing situation continues to prevail in patchouli, the essential oil used use for both fla
MYLAN TO BUILD PLANT IN PUERTO RICO
Journal of Commerce Staff |
Mylan Laboratories Inc., a leading independent generic drug manufacturer, announced it will build a
INDONESIA HIKING CHEMICAL OUTPUT
P.T. BANGSBERG |
In the face of a world glut of many chemical products, Indonesia is forging ahead with big plans to
PLASTICS CORNER HUNTSMAN CHEMICAL, GE TO FORM JOINT VENTURE
Journal of Commerce Staff |
Huntsman Chemical Corp. and General Electric Co. announced their intention to form a joint venture t
EL PASO PRODUCTS OFFERS BLOW MOLDING BROCHURE
JOC Team |
A new blow molding brochure from El Paso Products Co. features the company's Rexene polypropylene 23
ENERGY BRIEFS
From Wire and Staff Reports |
Venezuela Raises Crude<br><br> By 40 Cents a BarrelPetroleos de Venezuela, the Venezuelan state oil
CATALYST ACPUIRES GUARANTY FUELS
Journal of Commerce Staff |
Catalyst Energy Development Corp. through a subsidiary, Catalyst Biomass Corp., acquired Guaranty Fu
SPOT GAS PRICES DECLINE
Journal of Commerce Staff |
Spot prices for natural gas sold over the Natural Gas Clearinghouse fell in October as a result of s
IPE TAKES LONG VIEW ON FUTURES
Knight-Ridder Financial |
New futures contracts in premium leaded gasoline and heavy fuel oil, to be launched today on the Int
MOBIL OIL CANADA TESTS GAS WELL
Journal of Commerce Staff |
Mobil Oil Canada Ltd., an affiliate of Mobil Oil Corp., announced that seven of eight geological zon
OECD OIL USE GROWS 3 PERCENT
Knight-Ridder Financial |
Oil consumption in the member nations of the Organization of Economic Cooperation and Development in
QUOTA STRUGGLE LOOMS FOR OPEC MINISTERS DIVIDED ON ISSUE OF EXTENDING OUTPUT PACT
FELIX DEARDEN |
Oil ministers of the Organization of Petroleum Exporting Countries were divided on whether to extend
PARALLEL PETROLEUM CORP. COMPLETES DISCOVERY WELL
Journal of Commerce Staff |
Parallel Petroleum Corp. announced its McNew No. 1, an exploratory well located 12 miles northwest
VENEZUELA HALTS SALES FROM STOCKS
Knight-Ridder Newspapers |
Venezuela told the Organization of Petroleum Exporting Countries that it has stopped selling from cr
BUDGET, OPEC QUOTA CUTS HIT GABON'S PRODUCTION
HOWARD SCHISSEL |
Whining by oil rigs along Gabon's continental plateau has become increasingly rare as Western oil fi
AVIATION BRIEFS
From Wire and Staff Reports |
DHL Worldwide Expands<br><br> Global Overnight ServiceREDWOOD CITY, Calif. - DHL Worldwide Express h
NO BOEING STRIKE AS TALKS CONTINUE
GLORIA JOSEPH |
Some 40,000 machinists at The Boeing Co. have agreed to postpone a strike and con tinue working unde
TRAFFIC CONTROL SAGA FAA PLANS TO SCRAP PROBLEM-PLAGUED SYSTEM
(AP) |
Federal officials say a problem-plagued air traffic control system installed at many U.S. airports f
NLRB UPHOLDS DISMISSAL DECISION
Journal of Commerce Staff |
A company can legally fire an individual under the nation's labor laws for reporting violations of f
PEOPLE EXPRESS OFFERS ANOTHER HALF-PRICE SALE
(AP) |
People Express Airlines Inc., which took in more 750,000 bookings during its recent half-price promo
WOOL FREIGHT RATES TO RISE
VINCENT W. STOVE |
Freight rates for shipping wool from Australia to Japan and South Korea will rise by 5 percent begin
Maritime
2 MORE LENDERS BACK WAH KWONG US, CANADIAN BANKS SIGN RESCUE PLAN, RELEASE SHIPS
P.T. BANGSBERG |
The struggling Wah Kwong Shipping & Investment Co. Ltd. got a welcome boost toward survival with the
Maritime
MARINE CASUALTIES
JOC Team |
The 15,965-deadweight-ton Cypriot-flag bulk carrier Niocol was refloated Oct. 5 after stranding in L
Maritime
MITSUBISHI WINS CHEVRON CONTRACT
Journal of Commerce Special |
Chevron Shipping Co. and Japan's Mitsubishi Heavy Industries have signed a contract in which the yar
Maritime
NO LOAD CENTER SEEN ON W. COAST CHINA SHIPPING EXECUTIVE FORESEES FRAGMENTATION OF CONTAINER TRAFFIC
Journal of Commerce Special |
The chief shipping executive in China thinks that container traffic moving through the West Coast wi
Maritime
SOVIETS TO ORDER SHIPS FROM GREECE
Journal of Commerce Special |
The Soviet Union will place an additional $65 million order with Greek shipyards for four refrigerat
Maritime
RUBBER PACT TALKS RESUME
(AP) |
Negotiators from 50 nations resumed talks Monday on a new pact to stabilize rubber prices, and the c
COFFEE PRICES EXPECTED TO STAY AT FIRM LEVELS
Knight-Ridder Financial |
Coffee supply constraints during Oct.-Dec. are expected to keep prices firm until at least December,
SPAIN SEES 8 PERCENT HIKE IN CITRUS OUTPUT
Knight-Ridder Financial |
Spain has forecast its 1986-87 citrus production to reach about 3.790 million metric tons, an increa
COMMODITY BRIEFS
From Wire and Staff Reports |
ITC Forecasts 20 percent Fall<br><br> In 1986 Tin ProductionWestern world tin production is expected
GLOBAL GRAIN WAR AFFECTS CANADIAN WHEAT FARMERS
JANET CAWLEY |
Western Canada wheat farmers are caught in an agonizing and frustrating dilemma.<br><br> Although th
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