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INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Swiss Watch Industry Expects Stagnant YearBIENNE, Switzerland - Swiss watch exports, hit by
Maritime
ZIA URGES UNITY IN ISLAMIC TRADE
(Ap) |
Pakistani President Mohammad Zia ul-Haq has called for creation of an Islamic common market.
Maritime
SOVIETS OPEN DOOR TO ECONOMIC TIES
(Ap) |
Soviet officials disclosed Kremlin overtures to China, the West and the Organization of Petroleum Ex
Maritime
INDONESIAN PROTECTIONISM ATTACKED
(Ap) |
Indonesia would have increased trade and economic success if it reduced its protectionism, said Sen.
Maritime
PEKING TO LIMIT HIGH-RISES
(Ap) |
Peking will restrict the construction of high-rise buildings close to one- story older structures be
Maritime
TAIWANESE READY TO BUY-AMERICAN TEAM PLANS TO PURCHASE $500 MILLION IN GOODS
Gregory S. Johnson |
For Americans, the U.S. trade deficit is as burdensome as it is legendary, but at least one Far East
Maritime
JEEPS ROLL ING IN CHINA
(Ap) |
American Motors Corp.'s joint-venture plant in China is back in business under a new agreement to sp
Maritime
FOREIGN EXCHANGE.
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
WEST COAST BRIEFS
From Wire and Staff Reports |
Gulf Canada Pulls Out Of Beaufort Sea ProjectEDMONTON, Alberta - Gulf Canada Corp. has decid
Maritime
BRAZILIAN STEEL SEEN IN JEOPARDY SIDERBRAS' CHIEF SAYS INDUSTRY NEEDS AN $11 BILLION INFUSION
James Bruce |
The federal holding company that controls Brazil's state-owned steel industries will be technically
GULF DRILLERS TA KE GAMBLE AS DE ADLINES LOOM
(Ap) |
One hundred miles off the coast of Louisiana, Ocean Drilling and Exploration Co. did something this
AGENCIES FINANCE TRINIDAD PROJECT
Journal of Commerce Staff |
A major ammonia project in Trinidad will be financed with the help of the World Bank's International
REAGAN TIGHTENS CUBA EMBARGO
(Ap) |
President Reagan approved measures to tighten the U.S. embargo against Cuba, the government announce
TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWSOrders for durable goods rose in July, but economists discount effect. Page 3A F
GCC NATIONS BUILD NEW REFINERIES
Journal of Commerce Staff |
Seven new refineries are under construction in Gulf Cooperation Council states and will have a combi
ARGENTINES DEBATE EXPORT PACKAGE
Jeremy Morgan |
Government measures to boost Argentine industrial exports met with a mixed reaction among local econ
AMOCO ADOPTS DRUG TESTING POLICY
(Ap) |
Amoco Corp. added pre-employment screening and urinalysis to its policy of employee searches in the
EUROPEAN SPOT TRADERS MARK TIME ON CUTBACKS
Simon Cameron Moore |
The European spot oil traders are marking time to see whether members of the Organization of Petrole
REFINERS DOIN G JUST FINE
(Ap) |
If there's a bright spot in the oil business, Bob Sweeney knows where it is, at his company's Louisi
GULF CANADA TO SHUT DOWN WELL
Journal of Commerce Staff |
Gulf Canada Corp., which will terminate its operations in the Beaufort Sea, said it recently made a
POOR NATIONS WELCOME USED GARB
Chris Dupin |
Africa and Asia are the major destinations for used clothing, but large amounts of textile waste are
CONNECTICUT TOWNS PLAN ANTI-PIPELINE STRATEGY
(Ap) |
Officials from 13 towns along the Housatonic River are joining together in an effort to stop a prop
ENERGY BRIEFS
Wire and Staff Reports |
Arco Raises Postings For Domestic CrudeAtlantic Richfield Co. raised its posted purchase pri
USSR POISED TO CUT EXPORTS? OPEC SAYS SOVIETS PLAN 100,000 B/D REDUCTION
(Ap) |
The Organization of Petroleum Exporting Countries said the Soviet Union agreed to a temporary cut of
OECD: SHIPPING UPSWING UNLIKELY
Leo Ryan |
Further cuts in tonnage and some growth in seaborne trade are unlikely to restore balance on freight
Maritime
SOVIETS HAVE NO WISH TO BE ODD MAN OUT
Felix Dearden |
The Soviet Union apparently has had enough of being the odd man out of the world trade community.
NEW DISCOUNT RA TE CUT PREDICTED
RIPLEY WATSON Jr. |
If one good turn deserves another, as the adage has it, then one good Federal Reserve discount rate
TURNING RAGS INTO RICHES
Chris Dupin |
When their suits get shiny, their shirts torn, their sweaters snagged, many Americans give away thei
LOSS OF PACT HELPED KO AIRLINE CONTRACT PROBLEM KEY TO GROUNDING OF TRANSAMERICA
Larry Sterne |
The loss of a lucrative contract to fly supplies to an Angolan diamond mine was one of several even
WEEK AHEAD
Wire and Staff Reports |
Hong Kong Holiday HONG KONG - Hong Kong marks Liberation Day today with a local holiday.
PLAN TO SELL CONRAIL GETS A SHOT IN ARM
David M. Cawthorne |
Norfolk Southern Corp.'s decision to drop out of the Conrail buying game is a shot in the arm for t
SMALL LINE PLANS TO DROP ILA LABOR
Mark Magnier |
Bermuda Container Line plans to move its operation in the Port of New York and New Jersey to a nearb
PANEL TO STUDY GUILFORD RAIL DISPUTE
Juliana King |
A recently appointed three-member advisory panel has until next Monday to submit to Congress its rec
EARNINGS
JOC Staff |
Toyota Motor Net Lowest in 5 YearsToyota Motor Corp. reported net income for the year ended
Maritime
ICC VACATES RAIL DECISION
Journal of Commerce Staff |
The Interstate Commerce Commission vacated its decision to allow Missouri Pacific Railroad Co. to ab
APC DOUBLES BOX TRAINS TO SOUTH
Maureen Robb |
Faced with heavy demand, American President Cos. said it doubled the number of its container trains
NEW STOCK ISSUE INDEX OUTPERFORMS MARKET
(Ap) |
A new issue index calculated by Standard & Poor's Corp. jumped 56.4 percent in the first half of 198
IT'S ALL ARABIC...
Journal of Commerce Staff |
The U.S. Arab Management Co. Inc., a Washington-based consulting firm that assists U.S. businesses i
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
Pan Am Agrees to Pay $1.9 Million FinePan American World Airways became the latest victim of
BARGE CALL RATES
Knight-Ridder Financial |
The following are the results of Thursday's St. Louis Merchants Exchange call session for barge frei
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