titles stringlengths 12 138 | article stringlengths 15 8.85k | category stringclasses 6
values |
|---|---|---|
BORG-WARNER <BOR> BOARD OKS SALE OF UNIT
| Borg-Warner Corp said its directors
approved the sale, for about 240 mln dlrs, of its industrial
products division to a New York-based private investment firm,
Clayton and Dubilier Inc, and senior management of the group.
Yesterday, the company said it agreed to sell the division,
which has annual sales... | Financial Reports |
<AUTREX INC> 1ST QTR JANUARY 31 NET
| Shr one cts vs two cts
Net 50,000 vs 58,000
Revs 467,000 vs 760,000
| Corporate News |
SOUTHAM UNIT ACQUIRES WINNIPEG COMMUNITY PAPERS
| <Southam Inc> said its Flyer Force unit
acquired three community newspapers in Winnipeg with a combined
circulation of 65,000 for undisclosed terms.
Southam said the newspapers, The Herald, The Lance and
Metro One, will be printed at its Canadian Publishers division
in Winnipeg.
Flyer Force int... | Commodities and Trade |
MLX CORP <MLXX> 4TH QTR LOSS
| Shr loss 12 cts vs profit one ct
Net loss 1,815,000 vs profit 65,000
Revs 59.9 mln vs 2,798,000
Avg shrs 15.8 mln vs 9,775,000
Year
Shr loss 11 cts vs loss three cts
Net loss 1,217,000 vs loss 324,000
Revs 83.3 mln vs 3,195,000
Avg shrs 11.2 mln vs 9,775,000
| Market and Economy |
U.S. CONSERVATION FIGURES SEEN NEUTRAL/BEARISH
| U.S. Agriculture Department (USDA)
figures for highly-erodible land enrolled into the Conservation
Reserve Program were regarded by most grain analysts as neutral
to bearish, although some said a full state-by-state breakdown
would be needed to assess the full price impact.
"Out of 10.5 mln acres only 1... | Financial Reports |
PETRO-CANADA CUT CRUDE PRICES BY 1.43 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
|
PETRO-CANADA CUT CRUDE PRICES BY 1.43 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
| Financial Reports |
FOREST CITY <FECA> COMPLETES SALE
| Forest City Enterprises Inc said it
completed the previously announced sale of assets of its retail
store division, excluding real estate, to Handy Andy Home
Improvement Centers Inc, a private Gurnee, Ill., firm.
The sale is for cash and notes but exact terms were not
disclosed.
| Financial Reports |
MINN. BANK, OKLA. THRIFT ACTIONS TAKEN
| Beaver Creek State Bank in Beaver
Creek, Minn., failed and the bank's insured assets were
transferred to Citizens State Bank of Silver Lake, Minn., the
Federal Deposit Insurance Corp. said.
Separately, the Federal Home Loan Bank Board said Victor
Federal Savings and Loan Association of Muskogee, Okla., ... | Financial Reports |
LIFESTYLE RESTAURANTS <LIF> ADJUSTS REVENUES
| Lifestyle Restaurants Inc said
revenues for the first quarter ended January 24, 1985, were
17.5 mln dlrs and not the 17.8 mln dlrs it had reported
earlier.
The company also said a note attached to its earnings
concerning a gain in 1986 on certain sales was incorrect and
should be disregarded.
| Financial Reports |
U.S. SAYS CANADA COMPLYING WITH LUMBER PACT
| The Commerce Department said that
all Canadian firms had begun to pay an agreed to 15 pct
surcharge on softwood shipped to U.S. markets.
It made the statement after talks with Canadian officials
about press reports and speculation in Canada that some
exporters were not paying the charge.
Canada an... | Other |
PDVSA TO SIGN CHAMPLIN REFINERY DEAL MARCH 17
| Petroleos de Venezuela, S.A. said it
will sign a contract March 17 to buy a half interest in a
Corpus Christi, Texas refinery and related operations.
The contract, to be signed by PDVSA and Champlin
Petroleum's parent company, the Union Pacific Corp, will create
a new joint venture called Champlin Refin... | Financial Reports |
INVESTOR DISAPPOINTED AT CAESARS <CAW> RESPONSE
| Investor Martin Sosnoff said in a
statement that he was disappointed in Caesars World Inc's
response to his 28 dlrs a share offer to buy the company.
The company had said the offer was inadequate and that it
was exploring restructuring or sale of the company to another
party.
Sosnoff said he belie... | Other |
VENEZUELA TO LEND UP TO 12.5 MLN BARRELS OF OIL
| Venezuela will lend Ecuador up to 12.5
mln barrels of crude oil to help it meet its export commitments
and its domestic energy demand, Ecuadorean Energy and Mines
Minister Javier Espinosa said today in a statement.
Ecuador was forced to suspend exports after the pipeline
connecting its jungle oil fields... | Other |
PDVSA TO SIGN CHAMPLIN REFINERY DEAL MARCH 17
| Petroleos de Venezuela, S.A. said it
will sign a contract March 17 to buy a half interest in a
Corpus Christi, Texas refinery and related operations.
The contract, to be signed by PDVSA and Champlin
Petroleum's parent company, the Union Pacific Corp <UNP>, will
create a new joint venture called Champ... | Corporate News |
<FRANKLIN FEDERAL TAX-FREE INCOME FUND> PAYOUT
| Mthly div 7.7 cts vs 7.7 cts prior
Pay March 13
Record March Two
| Commodities and Trade |
PRATT <PRAT> OFFER FOR RESORTS <RT> EXPIRES
| PH Acquisition Co, a unit of Pratt Hotel
Corp, said its 135 mln dlrs per share tender offer for all
shares of Class B common stock of Resorts INternational Inc
expired.
As of today, about 45,690 shares were tendered, an
insufficient number of shares to satisfy the condition that 51
pct of the voting p... | Commodities and Trade |
SAUDIS DROP CONDITION FOR OIL SALE TO BRAZIL
| Saudi Arabia has dropped its
condition that Brazil secure international bank guarantees
before Saudia Arabia would ship it oil, the state-oil company,
Petrobras, said in a statement.
Petrobras said the Saudis will accept Banco do Brasil
credit guarantees.
Petrobras cancelled a 40-mln dlr crude oil... | Corporate News |
SAUDI ARABIA DECIDES TO ACCEPT BRAZIL CREDIT
| Saudi Arabia has lifted the
condition it imposed on the sale of oil to Brazil and will
accept Banco do Brasil's credit guarantees, state-oil company
Petrobras said in a statement.
Petrobras cancelled a 40 mln dlr crude oil purchase from
the Saudis yesterday, after they refused to accept a letter of
cr... | Market and Economy |
MICRON TECHNOLOGY <DRAM> SEES 2ND QTR LOSS
| Micron Technology Inc said it
expects to record a net loss of about 11 mln dlrs in the second
quarter compared to a loss of 9.7 mln dlrs in the first quarter
and 9.8 mln dlrs in the year-ago second quarter.
Revenues in the quarter ended March five increased to about
20.4 mln dlrs from 18.8 mln in the pr... | Corporate News |
TRADING RANGE LIKELY TO CONTINUE IN DEBT FUTURES
| U.S. economic data due out next week is
unlikely to hold any surprises that will shake U.S. interest
rate futures out of their relatively narrow trading range of
the last 3-1/2 months, financial analysts said.
"People don't seem to have any firm conviction about the
current strength of the economy or ab... | Other |
<AGRA INDUSTRIES LTD> SIX MTHS JAN 31 NET
| Oper shr 35 cts vs 34 cts
Oper net 2,313,000 vs 1,646,000
Revs 100.1 mln vs 77.3 mln
Note: 1986 net excludes extraordinary loss of 294,000 dlrs
or four cts vs shr vs yr-ago loss of 579,000 dlrs or 12 cts
shr. 1986 net includes non-cash loss of 1,436,000 dlrs or 22
cts shr vs yr-ago loss of 1,9... | Financial Reports |
<FRANKLIN NEW YORK TAX-FREE INCOME FUND> PAYOUT
| Mthly div 7.3 cts vs 7.3 cts prior
Pay March 13
Record March Two
| Other |
U.S. SAYS CANADA COMPLYING WITH LUMBER PACT
| The Commerce Department said all
Canadian firms have begun to pay an agreed 15 pct surcharge on
softwood shipped to U.S. markets.
It made the statement after talks with Canadian officials
about rumors in Canada that some exporters were not paying the
charge.
Canada and the U.S. agreed last Decembe... | Commodities and Trade |
NO HEAVY COFFEE EXPORT IMPLIED-COLOMBIA OFFICIAL
| A decision by Colombia to open coffee
export registrations for an unlimited amount does not imply the
country will heavily sell coffee until recently withheld,
Gilberto Arango, president of the private exporters'
association, told Reuters.
Colombia today opened export registrations for april and
may, ... | Corporate News |
GENEVA - negotiators at U.N. Conference agree basic elements in new rubber pact - chairman
|
GENEVA - negotiators at U.N. Conference agree basic elements in new rubber pact - chairman
| Financial Reports |
MAJOR DIFFERENCES RESOLVED AT RUBBER PACT TALKS
| Negotiators at a United Nations
conference on a new International Natural Rubber Agreement
(INRA) have agreed on basic elements in a new pact, conference
chairman Manaspas Xuto said.
"We have resolved major differences of opinion," he told
Reuters.
Xuto said the way is now cleared for drafting a n... | Financial Reports |
<FRANKLIN U.S. GOVERNMENT SECURITIES FUND>PAYOUT
| Mthly div six cts vs six cts prior
Pay March 13
Record March Two
| Other |
S&L ACQUISITION RAISES U.S. 1987 TOLL TO 12
| The Federal Home Loan Bank Board
(FHLBB) announced the acquisition of Home Savings and Loan
Association in Seattle, Washington, by InterWest Savings Bank
of Oak Harbour, Washington.
The FHLBB said Home Savings was the 12th troubled savings
institution requiring federal action this year.
It said Ho... | Corporate News |
BANGLADESH TO BUY 10,000 TONNES SOYABEAN OIL
| Bangladesh floated an international
tender for the purchase of 10,000 tonnes of refined soyabean
oil for delivery at Chittagong/Chalna port by April 24, Food
Ministry officials said.
The tender closes March 28 at 0500 GMT.
| Corporate News |
ECUADOR ADOPTS AUSTERITY PROGRAM
| Ecuador announced an austerity program
and a price freeze on key consumer goods as a result of last
week's earthquake which killed at least 300 people.
Presidency Minister Patricio Quevedo said in a televised
address that the budget would be cut by five to 10 pct,
government hiring would be frozen and s... | Market and Economy |
SWEDISH TRADE SURPLUS RISES IN FEBRUARY
| Sweden's trade surplus rose to 3.6
billion crowns in February from 1.5 billion in January and 3.48
billion in February 1986, the Central Bureau of Statistics
said.
The trade surplus for the first two months of the year rose
to 5.1 billion crowns from 4.9 billion in the corresponding
period of 1986.
... | Financial Reports |
YUGOSLAV 1990 STEEL OUTPUT TO HIT 6.3 MLN TONNES
| Yugoslavian steel output will rise by
one mln tonnes to 6.3 mln tonnes a year between 1986 and 1990
under a development program adopted by the Yugoslav Iron and
Steel Metallurgy Association, the official Tanjug news agency
said.
The association groups together the main Yugoslav iron and
steel enterpri... | Commodities and Trade |
PECHINEY <PUKG.PA> SIGNS SOVIET PACKAGING ACCORDS
| French state-owned aluminium and special
metals group Pechiney said it has signed two protocols of
intent to set up joint ventures with the Soviet Union.
Pechiney said in a statement one accord was to set up joint
ventures manufacturing aluminium packaging for food and
cosmetics, while another was to pr... | Market and Economy |
YUGOSLAVIAN OIL FIRM STARTS WORKING WITH FRENCH
| Yugoslavia's top oil and natural gas
producer <Ina-Naftaplin> has started to implement a cooperation
contract signed last year with the French petrochemical concern
<Petro Chemie>, the official Tanjug news agency said.
Under the deal Petro Chemie supplies oil to Ina refineries
in Sisak and Rijeka ... | Other |
INDONESIA DENIES GIVING PALM OIL IMPORT LICENCES
| Indonesia, the world's second largest
producer of palm oil, has not issued licences to import the
commodity, a spokesman for the Ministry of Trade said.
Traders in London said Indonesia has issued licences to
local operators to import around 135,000 tonnes of palm oil
starting in April, but the spokesma... | Industrial and Sector News |
INDIA TO GET U.K. COAL, STEEL INDUSTRY GRANTS
| India will get 104.65 mln stg as
grants from Britain to develop its coal, zinc and lead
industries, the British Information Services said in a
statement.
It said a 31 mln stg grant would be disbursed over three to
four years under an agreement signed here yesterday between the
Indian Finance Ministry ... | Other |
IRAN HAS ANTI-SHIP MISSILES NEAR GULF - PAPER
| Iran has deployed about six large
missiles near the Strait of Hormuz which increase the threat to
shipping in the Gulf, the New York Times said.
The paper quoted U.S. Intelligence sources as saying the
missiles appeared to be of a Chinese design known as HY-2 which
is based on the Soviet SSN2 or Styx mi... | Other |
BRAZILIAN BANK WORKERS DECIDE ON NATIONAL STRIKE
| Brazilian bank workers voted
to launch a nationwide strike this month, compounding labour
unrest arising from the failure of the government's
anti-inflation plan.
At a rally in this city, about 100 km northwest of Sao
Paulo, about 5,000 bank workers voted to strike on March 24
unless their demand for ... | Other |
CANADA RULING ON U.S. CORN INJURY DUE THIS WEEK
| The Canadian government is expected
to announce later this week its final ruling whether U.S. corn
exports to Canada have injured Ontario corn growers, U.S.
government and farm group representatives said.
The deadline for a final determination is March 7.
U.S. officials said they are encouraged by t... | Corporate News |
BALDRIGE WARNS OF WORLD TRADE WAR DANGER
| U.S. Commerce Secretary Malcolm
Baldrige predicted Congress will pass a reasonable trade bill
this year and said tough protectionist legislation could prompt
a trade war.
"The mood of the Congress right now is as tough on trade as
I've ever seen it in six years in Washington," Baldrige said in
a telev... | Commodities and Trade |
DELORS QUOTED FAVOURING FRANCO-GERMAN BID FOR CGCT
| European Commission President Jacques
Delors, quoted by Le Monde newspaper, said he favoured a
Franco-German candidate to take over <Cie Generale de
Constructions Telephoniques>, which has a 16 pct stake in the
French public telephone switching market.
"I wish for a European solution ... That will en... | Other |
SAUDI OIL MINISTER FORESEES NO NEED FOR NEW OPEC MEASURES BEFORE JUNE 25
|
SAUDI OIL MINISTER FORESEES NO NEED FOR NEW OPEC MEASURES BEFORE JUNE 25
| Financial Reports |
SAUDI OIL MINISTER SEES NO NEED TO ALTER OPEC PACT
| Saudi Arabian Oil Minister Hisham Nazer
said OPEC's December agreement to stabilise oil prices at 18
dlrs a barrel was being implemented satisfactorily and there
was no immediate need to change it.
Nazer, in an interview with Reuters and the television news
agency Visnews, said Saudi Arabia was producin... | Corporate News |
IVORY COAST CONFIRMS PRESENCE AT COCOA TALKS
| A senior Ivory Coast Agriculture
Ministry official confirmed his country's backing for a new
international cocoa pact and said Ivorian delegates would be
present at talks on its buffer stock starting this week.
The official told Reuters that Ivorian Agriculture Minister
Denis Bra Kanon would attend the ... | Financial Reports |
TENSE TRADE TIES TO DOMINATE EC TALKS
| Tense trade relations with the U.S.
And Japan and concern about the foreign impact of a proposed
European Community (EC) tax on edible oils and fats are
expected to dominate talks by EC foreign ministers here
tomorrow.
EC diplomats said Britain demanded the early debate on the
EC Executive Commission'... | Corporate News |
FIRST MISSISSIPPI CORP <FRM> SETS PAYOUT
| Qtly div six cts vs six cts prior
Pay April 28
Record March 31
| Corporate News |
SAUDI BUSINESSMEN TO DISCUSS PRIVATE SECTOR
| Saudi Arabian business
leaders assembled for a conference aimed at thrashing out
problems facing the private sector of the kingdom's
oil-dependent economy.
The meeting of some 500 top businessmen from across Saudi
Arabia comes at a time of guarded optimism in industry and
commerce following the OPEC p... | Commodities and Trade |
CITROEN EXPECTS HIGHER PROFITS, HELPED BY AX
| Automobiles Citroen expects rising
sales of its new AX compact car to help boost profits
significantly this year, continuing a financial recovery after
six straight years of losses, president Jacques Calvet said.
Speaking to reporters during weekend trials for the new AX
sports model, he said: "All the ... | Market and Economy |
NO TAIWAN SUGAR EXPORTS EXPECTED THIS YEAR
| Taiwan is not expected to export sugar
this year because of falling production and growing domestic
consumption, state-owned Taiwan Sugar Corp said.
A company spokesman told Reuters this will be the first
time in more than 40 years Taiwan has not exported sugar. Last
year, sugar exports totalled 149,755... | Commodities and Trade |
LEADING INDUSTRIAL NATIONS TO MEET IN APRIL
| Leading industrial nations will meet
again next month to review their accord on currency stability,
but U.S. Officials said financial markets are convinced for now
the countries will live up to commitments to speed up economic
growth.
The narrow currency movements of recent weeks strongly
suggests the... | Financial Reports |
HARPER AND ROW <HPR> TO MULL OPTIONS AFTER BIDS
| Harper and Row Publishers Inc said its
board of directors decided to take no action on two takeover
bids that the company has received. Instead, it appointed a
committee of independent directors to study strategic
alternatives for the 170-year-old firm.
The alternatives include continuation of the compa... | Financial Reports |
SOVIET FIGURES SHOW ECONOMY STILL SHORT OF TARGETS
| The Soviet economy recovered slightly
last month after a poor performance in January, but major
industries, including oil and machinery, are still short of
production targets, official figures show.
Central Statistical Board data published in the weekly
Ekonomicheskaya Gazeta yesterday showed that indus... | Market and Economy |
ROTTERDAM PORT UNION AND EMPLOYERS TO MEET
| Dutch port and transport union, FNV,
agreed to an employers' request to reconvene abandoned peace
talks tonight to try to end strikes that have disrupted
Rotterdam's general cargo sector for the past six weeks, a
union spokesman said.
Talks broke down Thursday when the union walked out after
employers... | Other |
PERU BEGINS FOREIGN EXCHANGE RATIONING
| Peru will put into effect Monday a foreign
exchange rationing system for imports designed to stop a slide
in the country's international reserves, a government decree in
the Official Gazette said.
Under the system, importers will be required to present a
bill from the foreign seller of goods and apply f... | Market and Economy |
TAIWAN SAYS U.S. WANTS TAIWAN DOLLAR TO APPRECIATE
| The United States wants Taiwan's
currency to appreciate faster to reduce Taiwan's trade surplus
with the U.S., A senior trade official said.
Board of Foreign Trade director Vincent Siew told reporters
on Saturday U.S. Officials told him in Washington last week
that unless Taiwan allowed its dollar to ri... | Financial Reports |
TANZANIA WANTS TO EXPORT 200,000 TONNES OF MAIZE
| Tanzania seeks to export a
surplus of 200,000 tonnes of maize from last year's bumper
harvest, agriculture minister Paul Bomani said yesterday.
The 1986 maize crop was officially estimated at 2.1 mln
tonnes, but only a fraction of this was marketed, with most
grain consumed by the farmers who grew it.
... | Corporate News |
<THE NATIONAL BANK OF NEW ZEALAND LTD>
| Year to December 31, 1986
Net profit 78 mln N.Z. Dlrs vs 45 mln
Pre-tax profit 147 mln vs 88 mln
Total assets 7.7 billion vs 6.4 billion
Notes - The company is 100 pct owned by Lloyds Bank Plc
<LLOY.L>. Results include for the time first a pre-tax profit,
of 11 mln N.Z. Dlrs, from Austr... | Corporate News |
AUSTRALIAN CURRENT ACCOUNT DEFICIT SEEN NARROWING
| Australia's current account deficit for
February is expected to narrow to a range of between 700 mln
and one billion dlrs, from the unrevised January level of 1.29
billion, market economists polled by Reuters said.
Statistics Bureau February figures are out tomorrow.
The economists said a key elemen... | Market and Economy |
FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
|
FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
| Market and Economy |
ZAMBIA, IMF TALKS HIT PROBLEMS OVER FOOD SUBSIDIES
| Zambia's talks with the World Bank and
International Monetary Fund (IMF) on a financial rescue package
have run into difficulties on the issue of food subsidies, an
official newspaper said.
The Times of Zambia, which is run by the ruling United
National Independence Party (UNIP), quoted official sources... | Other |
JAPAN LINE SELLING TANKERS AND BULKERS
| Major tanker operator, Japan Line Ltd
<JLIT.T>, is selling 20 VLCCs and several bulk carriers for
scrap or further trading, industry sources said.
The tanker disposals include Japan Orchid (231,722 dwt),
Japan Lupinus (233,641 dwt), Sovereign (233,313 dwt), Rosebay
(274,531 dwt), Saffron (268,038 dwt... | Financial Reports |
(CORRECTED)-IVORY COAST CONFIRMS PRESENCE AT TALKS
| A senior Ivory Coast Agriculture
Ministry official confirmed his country's backing for a new
international cocoa pact and said Ivorian delegates would be
present at talks on its buffer stock starting this week.
The official told Reuters that Ivorian Agriculture Minister
Denis Bra Kanon would attend the ... | Market and Economy |
TREASURY, FOREIGN RESERVES ARE JORDAN'S PRIORITIES
| Jordan's key economic priorities are
having a sound national treasury and adequate foreign exchange
reserves, Prime Minister Zeid al-Rifa'i said.
"First, the national treasury should be in sound shape when
dealing with the public and other countries so that its
credibility is preserved," he said in a te... | Other |
LANGE PREDICTS N.Z. INFLATION TO FALL TO 8-10 PCT
| New Zealand's inflation rate could
fall to eight pct in the coming year, Prime Minister David
Lange said.
He said forecasts to be released soon by research groups
would predict a rate of around eight or nine pct in the 12
months to the end of March 1988, against 18.2 pct in calendar
1986.
"I pre... | Other |
MALAYSIA WELCOMES ACCORD ON NEW RUBBER PACT
| Malaysian Primary Industries
Minister Lim Keng Yaik welcomed the basic accord reached over
the weekend in Geneva between producers and consumers on a new
International Natural Rubber Agreement (INRA).
"This is a good development and if a new pact is adopted
this week it will augur well for the rubber in... | Commodities and Trade |
JAPAN JANUARY INDUSTRIAL PRODUCTION REVISED UP
| Japan's January seasonally adjusted
industrial production index (base 1980) was revised upwards to
122.3 from a preliminary 122.0, the Ministry of International
Trade and Industry said.
The revised adjusted January index was down 0.5 pct from
December when it rose 3.6 pct from a month earlier.
The... | Commodities and Trade |
GERMAN BANKING AUTHORITIES WEIGH SWAP REGULATIONS
| German banking authorities are
weighing rules for banks' off-balance sheet activities in an
attempt to cope with the growing volume of sophisticated
capital market instruments, banking sources said.
Interest rate and currency swaps and currency options are
under closest scrutiny, and if revisions are ma... | Financial Reports |
BHP TO MERGE BHP MINERALS AND UTAH INTERNATIONAL
| The Broken Hill Pty Co Ltd <BRKN.S>
said it will merge its BHP Minerals division and <Utah
International Inc> into a single business unit under a common
management structure.
The merger will be effective June 1, coinciding with the
retirement of Utah International chairman and chief executive
Bu... | Financial Reports |
Bank of Japan satisfied with yen around current range, senior bank official says
|
Bank of Japan satisfied with yen around current range, senior bank official says
| Other |
GERMAN RETAIL TURNOVER RISES ONE PCT IN JANUARY
| West German retail turnover rose a
real one pct in January compared with the same month a year
earlier, according to provisional data from the Federal
Statistics Office.
There were 26 shopping days in January this year, the same
as in January 1986, a Statistics Office statement said.
A Statistics ... | Corporate News |
BANK OF JAPAN SATISFIED WITH YEN AT CURRENT RANGE
| The Bank of Japan is satisfied with the
yen around its current range, a senior central bank official
told reporters.
He said the pledge by major industrial nations in Paris
last month to cooperate to hold exchange rates around current
ranges applied in both directions, a dollar fall or a dollar
rise.
... | Commodities and Trade |
BANGLADESH MONEY SUPPLY RISES IN DECEMBER
| Bangladesh's broad-based M2 money supply
rose 6.95 pct to 132.79 billion taka in December after rising
0.51 pct to 124.16 billion in November and 3.07 pct to 114.22
billion in December 1985, the Central Bank said.
On a year on year basis, M2 rose 16.25 pct in the 12 months
to December, 12.04 pct to Nove... | Corporate News |
JAPAN'S DOWA MINING TO PRODUCE GOLD FROM APRIL
| <Dowa Mining Co Ltd> said it will start
commercial production of gold, copper, lead and zinc from its
Nurukawa Mine in northern Japan in April.
A company spokesman said the mine's monthly output is
expected to consist of 1,300 tonnes of gold ore and 3,700 of
black ore, which consists of copper, lead ... | Financial Reports |
JIM WALTER CORP <JWC> SETS PAYOUT
| Qtly div 35 cts vs 35 cts prior
Pay April One
Record March 14
| Other |
JAPAN BUSINESS DECLINE SEEN BOTTOMING OUT
| The extended decline in Japan's overall
business performance was likely to bottom out in the current
January-March quarter, the Finance Ministry said.
Improved corporate earnings and better prospects for the
stability of the yen had made companies more optimistic, it
said after carrying out a quarterly ... | Other |
CARLTON BUYS STAKE IN CENTRAL INDEPENDENT TV
| Carlton Communications Plc <CCML.L> said
in a statement it had purchased a 20 pct stake or some 5.1 mln
shares in Central Independent Television from Ladbroke Group
Plc <LADB.L> at 578p per share.
The consideration of 29.5 mln stg will be met with 18.2 mln
stg in cash and the issue of one million ... | Market and Economy |
EUROPEAN BEET PLANTINGS SEEN LITTLE CHANGED
| European sugar beet plantings are
expected to show little change from last year, despite recent
firmness in world prices, analysts and industry sources said.
A Reuter survey of planting intentions showed that while,
so far, European Community (EC) growers plan unchanged to lower
areas, increases are exp... | Commodities and Trade |
SWISS UNEMPLOYMENT FALLS TO 0.9 PCT IN FEBRUARY
| Swiss unemployment edged down to 0.9 pct
of the working population from one pct in January and in
February 1986, the Federal Office of Industry, Trade and Labour
said.
Seasonally adjusted, however, there was a slight rise in
unemployment.
The number out of work fell to 28,439, down 1,142 compared
... | Financial Reports |
MALAYSIA'S GOLD AND FOREIGN EXCHANGE RESERVES RISE
| Malaysia's gold and foreign
exchange reserves rose to 16.07 billion ringgit in February
from 15.73 billion in January and 12.23 billion in February
1986, Bank Negara Malaysia said.
The central bank said cumulative assets at end-February
fell to 20.02 billion ringgit from 20.68 billion at end-January
b... | Other |
MALAYSIAN CRUDE PALM OIL OUTPUT FALLS IN FEBRUARY
| Malaysian crude palm oil (cpo)
production fell to an estimated 270,400 tonnes in February from
an estimated 273,300 tonnes in January and 332,995 in February
1986, the Palm Oil Registration and Licensing Authority (PORLA)
said.
Cpo stocks fell to an estimated 286,440 tonnes in February
from 287,940 in... | Commodities and Trade |
PEARSON PLC <PSON.L> YR ENDED DEC 31
| Shr 37.4p vs 30p.
Final div 7p, making 12p vs 10p.
Pre-tax profit 121.1 mln stg vs 109.3 mln.
Net profit before minorities 76.6 mln stg vs 62.8 mln.
Turnover 952.6 mln vs 970.1 mln.
Pre-interest profit 132.1 mln vs 124.6 mln.
Net interest 11 mln vs 15.3 mln.
Tax 44.5 mln vs 4... | Other |
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
| The Federal Reserve entered the U.S.
Government securities market to arrange 1.5 billion dlrs of
customer repurchase agreements, a Fed spokesman said.
Dealers said Federal funds were trading at 6-3/16 pct when
the Fed began its temporary and indirect supply of reserves to
the banking system.
| Corporate News |
CHINA REPORTS 700 MLN DLR TWO-MONTH TRADE DEFICIT
| China's trade deficit totalled 700 mln
dlrs in the first two months of this year, according to figures
released by the State Statistics Bureau.
The New China News Agency quoted the Bureau as saying
foreign trade totalled 9.3 billion dlrs in the period, of which
exports were worth 4.3 billion dlrs.
... | Financial Reports |
<POCLAIN> OFFERS PAR RIGHTS ISSUE
| French machinery maker <Poclain>, 40 pct
owned by <Tenneco Inc>, said it will raise its capital to 791
mln francs from 91 mln by a 100 for 13 rights offering to
shareholders priced at par of 10 francs a share.
The offer, between March 25 and April 13, is the second
stage of a capital restructuring... | Market and Economy |
U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
| The Bank of England said it invited an
early round of bill offers from discount houses after
forecasting a shortage in the system of some 1.05 billion stg.
Among the main factors affecting liquidity, bills maturing
in official hands and treasury bill take-up will drain some
1.07 billion stg while excheq... | Commodities and Trade |
MANILA GOVERNMENT TO TAKE OVER SAN MIGUEL BOARD
| A government commission that controls 51
pct of <San Miguel Corp> (SMC) stock will increase its nominees
on the firm's 15-member board to nine from six.
"We want to correct business practices," Ramon Diaz, chairman
of the Presidential Commission on Good Government (PCGG), told
Reuters.
"Right n... | Corporate News |
CIE BANCAIRE IN ONE-FOR-FIVE BONUS SHARE ISSUE
| <Cie Bancaire>, a subsidiary of recently
privatised banking group Cie Financiere de Paribas <PARI.PA>,
said it is issuing 2.35 mln new 100 francs nominal shares on
the basis of one for five already held.
The operation will begin on March 31, a spokesman said.
Cie Bancaire also said it has incr... | Other |
ISRAELI INFLATION RATE IS 1.0 PCT IN FEBRUARY
| Israel's inflation rate for February
was one pct, compared to 2.1 pct in January and 1.6 pct in
February 1986, a spokesman for the Central Bureau of Statistics
said.
Inflation for the 12 months ending in February was 23 pct,
the spokesman said.
February price rises were mostly in housing, health,
... | Commodities and Trade |
U.K. MONEY MARKET GIVEN 90 MLN STG EARLY HELP
| The Bank of England said it provided the
money market with assistance worth 90 mln stg in response to an
early round of bill offers from discount houses.
Earlier, the bank estimated the shortage in the system
today at some 1.05 billion stg.
The bank bought bills for resale to the market in equal
a... | Corporate News |
BOND DEFERS RIGHTS ISSUE, MULLS PROJECT PARTNERS
| <Bond Corp International Ltd>, a
subsidiary of the Australian-based Bond Corp Holdings Ltd
<BONA.S>, said it would defer its planned rights issue but
still wants the issue to be made before July 31.
No date has been set for the issue, announced in January.
In a document to shareholders, Bond C... | Industrial and Sector News |
PHILIPPINES SEES 1987 GOVERNMENT REVENUE UP 26 PCT
| Philippine government revenue is
expected to rise 26 pct to 99.9 billion pesos this year from
79.1 billion in 1986, Finance Secretary Jaime Ongpin said.
In a report to President Corazon Aquino on his department's
performance during the year ended February 28, Ongpin said at
least 15.9 billion pesos were... | Market and Economy |
NORWAY'S TRADE DEFICIT WIDENS IN FEBRUARY
| Norway's trade deficit widened in February
to 957 mln crowns from 80 mln crowns in January and 492 mln
crowns in February last year, the Central Bureau of Statistics
said.
Exports dropped to 10.66 billion crowns last month,
compared with 11.11 billion in January and 10.85 billion in
February 1986, it ... | Corporate News |
UAE GOVERNMENT PAPER YIELDS UNCHANGED
| Yields on certificates of deposit
issued by the United Arab Emirates Central Bank were unchanged
at 6-1/8 pct, the bank said.
The yield applies to maturities of one, two, three and six
months.
| Commodities and Trade |
DUTCH COST OF LIVING FALLS 1.2 PCT IN FEBRUARY
| The Dutch cost of living index (base
1980) fell 1.2 pct to 121.5 in the year to mid-February after a
1.3 pct fall in the year to mid-January 1987, the Economics
Ministry said.
The February index was 0.2 pct up on January.
Clothing, shoe and vegetable prices rose in February while
prices of coffee,... | Corporate News |
JAPAN'S NTT FORECASTS PROFITS FALL IN 1987/88
| <Nippon Telegraph and Telephone Corp>
(NTT) expects its profits to fall to 328 billion yen in the
year ending March 31, 1988 from a projected 348 billion this
year, the company said.
Total sales for the same period are expected to rise to
5,506 billion yen from a projected 5,328 billion this year, NT... | Corporate News |
SWEDISH INDUSTRIAL PRODUCTION FALLS IN JANUARY
| Sweden's industrial production fell
1.8 pct during January compared with a fall of 0.8 pct the
month before and remains unchanged compared with January 1986,
according to figures from the Central Bureau of Statistics.
The bureau attributed the fall to a long Christmas break
and particularly cold weather... | Other |
BUNDESBANK ADDS MONEY MARKET LIQUIDITY
| The Bundesbank came into the domestic
money market to add temporary liquidity through federal
government funds as call money rates rose above 4.0 pct,
dealers said.
They estimated that the bulk of liquidity was added at
about 3.95 pct. Call money fell to 3.90/4.0 pct after the move.
It had been 3.80/9... | Commodities and Trade |
PECHINEY SIGNS LETTERS OF INTENT WITH SOVIET UNION
| Pechiney <PUKG.PA> said it signed two
letters of intent with the Soviet Union covering the setting up
of packaging and packaging materials joint ventures.
It said one proposed venture would produce aluminium
packaging for food and cosmetics. The other envisaged Pechiney
putting together a consortium... | Commodities and Trade |
MEES SAYS SECOND WEEK MARCH OPEC OUTPUT 14 MLN BPD
| OPEC produced only about 14 mln bpd of
oil in the second week of March -- 1.8 mln bpd below its
ceiling -- largely because of pipeline problems in Turkey and
Ecuador, the Middle East Economic Survey (MEES) estimated.
A landslide breached Iraq's one mln bpd pipeline through
Turkey on March 6 for a week, ... | Other |
FINNISH INFLATION FALLS TO 3.5 PCT IN FEBRUARY
| Year-on year Finnish consumer prices
fell to 3.5 pct in February 1986 from 3.7 pct in January and
4.6 pct in February 1985, the Central Statistical Office said.
Consumer prices rose 0.3 pct in February after rises of one
pct in January and 0.5 pct in February 1985.
The consumer price index, base 198... | Market and Economy |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.