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JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1) DAILY INDEX Annual Smoothed percent +12.305/24 101.75/25 101.45/26
RUSSIA SET TO EASE CURBS ON FOREIGN BANKS JUNE 8
Yelena Yudina |
Russia will ease curbs on foreign banks by June 8 and its central bank and government have been orde
CANADIAN TRADE MINISTER HITS US FOR POLICY OF ISOLATIONISM
Journal of Commerce Staff |
Canada's point man on international trade Tuesday sounded the alarm once more that U.S. trade policy
COST OF CREDIT
JOC Staff |
Tuesday, May 31, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
MAY CONSUMER CONFIDENCE INDEX SHOWS DROP FROM APRIL LEVEL
Reuters |
Consumers were less confident in the economy's continued strength in May than in April, a business g
FINANCING TRADE - GORDON PLATT CHINA PROJECT LOANS TO GET A NEW TWIST: THEY MUST BE REPAID
Gordon Platt |
China's powerful new state development bank, modeled after the World Bank, will assume responsibilit
Maritime
STOCK EXCHANGE IN WARSAW SEEKS TO JOIN FEDERATION
Associated Press |
The Warsaw stock exchange is seeking membership of an international federation and planning to incre
DOLLAR REBOUNDS FROM TECHNICAL SUPPORT LEVEL OF 1.64 MARKS
Alan Zimmerman |
The U.S. dollar was mostly higher Tuesday, rebounding from the important technical support level of
NAFTA BENEFITS HAVE BEGUN, SAYS SURVEY OF EXECUTIVES
Kevin G. Hall |
U.S. and Mexican companies here expect increased imports from the United States because of the North
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
BRAZILIANS MAY SOON SAY "CHARGE IT' WHEN SHOPPING NEW CURRENCY SEEN DICTATING MOVE
James Bruce |
Due to chronically soaring prices and limited formal credit, Brazilians are probably the only people
Maritime
USDA INCREASES INSPECTIONS FOR ASIAN FRUIT AT CANADIAN BORDER
WILLIAM DiBENEDETTO |
The Department of Agriculture is increasing the number of federal food and fruit inspectors at Canad
Maritime
STUDY SUPPORTS BUDGET RULES WAIVER TO PAVE WAY FOR NEW TRADE ACCORD
John Maggs |
A new economic study hands powerful ammunition to those who argue that strict budget rules should be
Maritime
BANGLADESH'S POVERTY TO CURB INSURANCE GROWTH
Syed Ahmeduzzaman |
The insurance industry here has developed faster than expected over the past eight years, but poor e
NJ, INSURERS NEAR DEAL TO CLOSE STATE FUND GAP
ANTHONY GNOFFO Jr. |
The Whitman administration appears close to reaching an agreement with New Jersey insurers that woul
PUBLISHER'S NOTEBOOK
Don C. Becker |
Japanese traditions are fascinating and often unique as they apply to the world of business.
CURRENT ACCOUNT SURPLUS FALLS IN TAIWAN
Knight-Ridder Financial |
Taiwan recorded a current account surplus for the first quarter of this year of $272 million, the lo
NEW AIRLINE LINKING S. AFRICA, US EXPECTS CARGO TO PLAY A MAJOR ROLE
William Armbruster |
The fledgling USAfrica Airways is counting on cargo to make an important contribution to its bottom
PEOPLE - MARITIME
Wire and Staff Reports |
MARINE TERMINALS CORP. (San Francisco) - Jeffrey Burgin was named Southern California operations man
Maritime
JAPANESE SHIPS TO JOIN WAR GAMES AMID TENSION OVER NORTH KOREA
Reuters |
Japan's most powerful destroyer fleet left its home port, Yokosuka, south of Tokyo, on Tuesday to ta
Maritime
ENVIRONMENTALISTS TOUT "FLIPPING' AS DREDGING OPTION IN BOSTON PROCESS ENTAILS UNDERWATER TRENCH
Michael S. Lelyveld |
Environmental groups are focusing on a new option for dredge disposal in the wake of concerns expres
Maritime
STEEL IMPORTS PACE 5.5 PERCENT INCREASE IN NEW ORLEANS' CARGO VOLUME
George F.W. Telfer |
The Port of New Orleans' cargo volume, led by sharp increases in steel imports, rose 5.5 percent to
Maritime
MARITIME BRIEFS
Wire and Staff Reports |
TWRA INCREASING SURCHARGES JULY 1SAN FRANCISCO - The nine ocean carriers that set ra
Maritime
CHINESE OFFICIAL BACKS BUILDING OF HONG KONG BOX TERMINAL
Knight-Ridder Financial |
China's top official responsible for Hong Kong affairs gave his support Monday to the construction o
Maritime
CHINA SEEKS PARTICIPATION FROM ABROAD IN RAILWAYS
P.T. Bangsberg |
One of the last bastions of Chinese state control is being opened up to overseas investment and expe
FRANCE BUMPS UP START OF UK FLIGHTS TO ORLY
Associated Press |
France will allow British airlines to offer four flights daily between London and Paris Orly Airport
ROLLS-ROYCE, BMW OPEN TESTING CENTER FOR JET ENGINES
Associated Press |
Joint owners BMW of Germany and Rolls-Royce PLC of Britain Tuesday dedicated a test stand for jet en
EUROPEAN TRANSPORT MINISTERS PLAN SHIFT OF FREIGHT TO RAIL
Tara Patel |
Under pressure from irate Swiss and Austrian citizens, European transport ministers agreed last week
RADIX GETS CONTRACT TO REPRESENT VIETNAMESE AIR, SEA CARGO IN US
Journal of Commerce Staff |
Radix Group International has signed an agency agreement with Vietrans, the largest official cargo a
DAILY PETROLEUM PRICES.
JOC Staff |
Tuesday May 31, 1994 Prevailing sellers' posted prices at the close of business, representin
ENERGY BRIEFS
Wire and Staff Reports |
CHEVRON INKS PACT TO USE SAUDI OIL SHIPDUBAI, United Arab Emirates - Chevron Corp. h
COASTAL CORP. TO SELL INTEREST IN 5 ARGENTINE OIL, GAS FIELDS
Houston Chronicle |
Coastal Corp. said Friday that it has agreed to sell its 23.3 percent stake in five producing oil an
CHINA'S STRICT IMPORT BAN FAILS TO STOP FOREIGN OIL FROM FLOWING
Angela Tan |
A growing number of foreign oil companies is trying to sneak cargoes into China despite the country'
SPOT NATURAL GAS PRICES
JOC Staff |
NATURAL GAS CLEARINGHOUSE Natural Gas Clearinghouse - Posted prices for June 1994 (see Note
FURTHER PRICE INCREASES SEEN FOR OIL
Reuters |
World oil prices should continue rising gently this year after hitting a five-year low in February,
THREE COMPANIES FIND CRUDE OIL IN CUBAN BAY
Reuters |
Sherritt Inc., Fortuna Petroleum Inc. and Cubapetroleo, the state oil agency of Cuba, said that they
FUTURES TRADING / OPEN INTEREST AND SALES FUTURES _ MAY 31, 1994
JOC Staff |
All life-of-contract highs and lows on all contracts are based on actual transactions, not bid and a
VIETNAMESE POWER PROJECT TO HINGE ON PRICE, AVAILABILITY OF NATURAL GAS
Associated Press |
The price and supply of natural gas will determine any decision to build an $810 million power plant
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of May 31, 1994 Quotations are based on prices reported in the market or obtained from su
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
UK SCIENTISTS MAKE PLASTIC FROM RAPESEEDLONDON - British scientists said they had di
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