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ARGENTINE 1986/87 GRAIN/OILSEED REGISTRATIONS Argentine grain board figures show crop registrations of grains, oilseeds and their products to February 11, in thousands of tonnes, showing those for futurE shipments month, 1986/87 total and 1985/86 total to February 12, 1986, in brackets: Bread wheat prev 1,655... | [
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COMPUTER TERMINAL SYSTEMS <CPML> COMPLETES SALE Computer Terminal Systems Inc said it has completed the sale of 200,000 shares of its common stock, and warrants to acquire an additional one mln shares, to <Sedio N.V.> of Lugano, Switzerland for 50,000 dlrs. The company said the warrants are exercisable f... | [
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COBANCO INC <CBCO> YEAR NET Shr 34 cts vs 1.19 dlrs Net 807,000 vs 2,858,000 Assets 510.2 mln vs 479.7 mln Deposits 472.3 mln vs 440.3 mln Loans 299.2 mln vs 327.2 mln Note: 4th qtr not available. Year includes 1985 extraordinary gain from tax carry forward of 132,000 dlrs, or five cts pe... | [
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BROWN-FORMAN INC <BFD> 4TH QTR NET Shr one dlr vs 73 cts Net 12.6 mln vs 15.8 mln Revs 337.3 mln vs 315.2 mln Nine mths Shr 3.07 dlrs vs 3.08 dlrs Net 66 mln vs 66.2 mln Revs 1.59 billion vs 997.1 mln | [
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BROWN-FORMAN <BFDB> SETS STOCK SPLIT, UPS PAYOUT Brown-Forman Inc said its board has approved a three-for-two stock split and a 35 pct increase in the company cash dividend. The company cited its improved earnings outlook and continued strong cash flow as reasons for raising the dividend. Brown-Forman ... | [
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UNITED PRESIDENTIAL CORP <UPCO> 4TH QTR NET Shr 39 cts vs 50 cts Net 1,545,160 vs 2,188,933 Revs 25.2 mln vs 19.5 mln Year Shr 1.53 dlrs vs 1.21 dlrs Net 6,635,318 vs 5,050,044 Revs 92.2 mln vs 77.4 mln NOTE: Results include adjustment of 848,600 dlrs or 20 cts shr for 1986 year ... | [
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COMPUTER LANGUAGE RESEARCH IN <CLRI> 4TH QTR Shr loss 22 cts vs loss 18 cts Net loss 3,035,000 vs loss 2,516,000 Revs 20.9 mln vs 19.6 mln Qtly div three cts vs three cts prior Year Shr profit two cts vs profit 34 cts Net profit 215,000 vs profit 4,647,000 Revs 93.4 mln vs 98.7 ml... | [
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STANDARD TRUSTCO SEES BETTER YEAR Standard Trustco said it expects earnings in 1987 to increase at least 15 to 20 pct from the 9,140,000 dlrs, or 2.52 dlrs per share, recorded in 1986. "Stable interest rates and a growing economy are expected to provide favorable conditions for further growth in 1987," presid... | [
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ICO PRODUCERS TO PRESENT NEW COFFEE PROPOSAL International Coffee Organization, ICO, producing countries will present a proposal for reintroducing export quotas for 12 months from April 1 with a firm undertaking to try to negotiate up to September 30 any future quota distribution on a new basis, ICO delegates said... | [
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N.Z. OFFICIAL FOREIGN RESERVES FALL IN JANUARY New Zealand's official foreign reserves fell to 7.15 billion N.Z. Dlrs in January from 7.20 billion dlrs in December and compared with 3.03 billion a year ago period, the Reserve Bank said in its weekly statistical bulletin. | [
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AMERICA FIRST MORTGAGE SETS SPECIAL PAYOUT <America First Federally Guaranteed Mortgage Fund Two> said it is making a special distribution of 71.6 cts per exchangeable unit, which includes 67.62 cts from return on capital and 3.98 cts from income gains. | [
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AM INTERNATIONAL <AM> CITES STRONG PROSPECTS AM International Inc, reporting an operating loss for the January 31 second quarter, said prospects for the balance of the fiscal year remain good. It said orders at its Harris Graphics subsidiary, acquired in June 1986, "continue to run at a strong pace." For th... | [
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ASSETS OF U.S. MONEY FUNDS ROSE IN WEEK Assets of money market mutual funds increased 720.4 mln dlrs in the week ended yesterday to 236.90 billion dlrs, the Investment Company Institute said. Assets of 91 institutional funds rose 356 mln dlrs to 66.19 billion dlrs, 198 general purpose funds rose 212.5 mln dlrs... | [
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GULF BARGE FREIGHT RATES UP FURTHER ON CALL Gulf barge freight rates firmed again on the outlook for steady vessel loadings at the Gulf, increasing the demand for barges to supply those ships, dealers said. No barges traded today on the St Louis Merchants' Exchange call session, versus 29 yesterday. Quote... | [
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FARMERS GROUP INC <FGRP> 4TH QTR NET Shr 80 cts vs 72 cts Net 55,513,000 vs 48,741,000 Revs 290.9 mln vs 264.2 mln Year Shr 3.09 dlrs vs 2.72 dlrs Net 213,470,000 vs 184,649,000 Revs 1.12 billion vs 992.9 mln Avg shrs 69,127,000 vs 68,004,000 | [
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U.S. WEEKLY SOYBEAN CRUSH 21,782,929 BUSHELS Reporting members of the National Soybean Processors Association (NSPA) crushed 21,782,929 bushels of soybeans in the week ended Feb 25 compared with 22,345,718 bushels in the previous week and 16,568,000 in the year-ago week, the association said. It said total cr... | [
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TULTEX CORP <TTX> SETS QUARTERLY DIVIDEND Qtly div eights cts vs eight cts prior Pay April one Record March 13 | [
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N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS | [
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NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK | [
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N.Y. BANK DISCOUNT BORROWINGS 64 MLN DLRS The eight major New York City banks had 64 mln dlrs in average borrowings from the Federal Reserve in the week to Wednesday February 25, a Fed spokesman said. The week marked the second half of the two-week bank statement period that ended on Wednesday. The banks had n... | [
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PHILIPPINE LONG DISTANCE <PHI> YEAR NET Shr primary 95.30 pesos vs 29.71 pesos Shr diluted 61.11 pesos vs 18.49 pesos Qtly div 1.25 pesos vs 1.25 pesos Net 1.9 billion vs 779 mln Revs 6.1 billion vs 4.7 billion NOTE: Full name Philippine Long Distance Telephone Co. Figures quoted in Ph... | [
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COMBUSTION ENGINEERING INC <CSP> REGULAR DIV Qtly div 25 cts vs 25 cts prior Pay April 30 Record April 16 | [
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BDM INTERNATIONAL <BDM> INCREASES QTRLY DIVS Annual div Class A 14 cts vs 12 cts prior Annual div Class B 12.1 cts vs 10.4 cts prior Payable April one Record March 20 NOTE: full name is BDM International Inc. | [
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<IVACO INC> YEAR NET Shr 1.11 dlrs vs 1.04 dlrs Net 44,092,000 vs 35,145,000 Revs 1.94 billion vs 1.34 billion Note: 1986 results include extraordinary gain of 1,035,000 dlrs or six cts a share from secondary share offering of Canron unit. | [
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U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS | [
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INVESTMENT FIRMS CUT CYCLOPS <CYL> STAKE A group of affiliated New York investment firms said they lowered their stake in Cyclops Corp to 260,500 shares, or 6.4 pct of the total outstanding common stock, from 370,500 shares, or 9.2 pct. In a filing with the Securities and Exchange Commission, the group, le... | [
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ASCS TERMINAL MARKET VALUES FOR PIK GRAIN The Agricultural Stabilization and Conservation Service (ASCS) has established these unit values for commodities offered from government stocks through redemption of Commodity Credit Corporation commodity certificates, effective through the next business day. Price pe... | [
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N.Z. TRADING BANK DEPOSIT GROWTH RISES SLIGHTLY New Zealand's trading bank seasonally adjusted deposit growth rose 2.6 pct in January compared with a rise of 9.4 pct in December, the Reserve Bank said. Year-on-year total deposits rose 30.6 pct compared with a 26.3 pct increase in the December year and 34.5 pct... | [
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26-FEB-1987 26-FEB-1987 | [
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SUGAR QUOTA IMPORTS DETAILED -- USDA The U.S. Agriculture Department said cumulative sugar imports from individual countries during the 1987 quota year, which began January 1, 1987 and ends December 31, 1987 were as follows, with quota allocations for the quota year in short tons, raw value -- CUMULAT... | [
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MERIDIAN BANCORP INC <MRDN> SETS REGULAR PAYOUT Qtly div 25 cts vs 25 cts prior Pay April one Record March 15 | [
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U.S. BANK DISCOUNT BORROWINGS 310 MLN DLRS U.S. bank discount window borrowings less extended credits averaged 310 mln dlrs in the week to Wednesday February 25, the Federal Reserve said. The Fed said that overall borrowings in the week fell 131 mln dlrs to 614 mln dlrs, with extended credits up 10 mln dlrs a... | [
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AMERICAN EXPRESS <AXP> SEEN IN POSSIBLE SPINNOFF American Express Co remained silent on market rumors it would spinoff all or part of its Shearson Lehman Brothers Inc, but some analysts said the company may be considering such a move because it is unhappy with the market value of its stock. American Expres... | [
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CHINESE PORK OUTPUT SEEN LOWER -- USDA High feed prices will cause the Chinese to reduce hog herd growth and pork production this year, the U.S. Agriculture Department said. In its World Production and Trade Report, the department said hog numbers at the start of 1987 were estimated at 331.6 mln head, up slig... | [
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IVACO SEES MINIMAL FIRST QUARTER EARNINGS (Ivaco Inc) said price pressure on steel products, particularly in the U.S., and the recent increase in the value of the Canadian dollar is expected to result in "minimal" first quarter earnings. It said subsequent quarters should show substantial improvement from fir... | [
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U.S. GRAIN CARLOADINGS FALL IN WEEK U.S. grain carloadings totaled 26,108 cars in the week ended February 21, down 2.2 pct from the previous week but 22.8 pct above the corresponding week a year ago, the Association of American Railroads reported. Grain mill product loadings in the week totalled 11,382 cars, ... | [
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LIEBERT CORP <LIEB> APPROVES MERGER Liebert Corp said its shareholders approved the merger of a wholly-owned subsidiary of Emerson Electric Co <EMR>. Under the terms of the merger, each Liebert shareholder will receive .3322 shares of Emerson stock for each Liebert share. | [
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NORTHERN TELECOM PROPOSES TWO-FOR-ONE STOCK SPLIT NORTHERN TELECOM PROPOSES TWO-FOR-ONE STOCK SPLIT | [
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26-FEB-1987 26-FEB-1987 | [
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26-FEB-1987 26-FEB-1987 | [
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INVESTMENT GROUP RAISES ROBESON <RBSN> STAKE A group of affiliated Miami-based investment firms led by Fundamental Management Corp said it raised its stake in Robeson Industries Corp to 238,000 shares, or 14.6 pct of the total, from 205,000 or 12.8 pct. In a filing with the Securities and Exchange Commissio... | [
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DAHLBERG INC <DAHL> 4TH QTR NET Shr profit 10 cts vs loss seven cts Net profit 286,870 vs loss 156,124 Revs 10.0 mln vs 7,577,207 Year Shr profit five cts vs profit 42 cts Net profit 160,109 vs profit 906,034 Revs 38.1 mln vs 31.2 mln Avg shrs 2.9 mln vs 2.2 mln NOTE: 1986 ye... | [
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<PAGE PETROLEUM LTD> YEAR LOSS Shr loss 1.98 dlrs vs loss 5.24 dlrs Net loss 23.3 mln vs loss 44.8 mln Revs 13.6 mln vs 29.6 mln Note: 1986 net includes nine mln dlr extraordinary loss for oil and gas writedowns and unrealized foreign exchange losses vs yr-ago loss of 32.5 mln dlrs. | [
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ARMOR ALL PRODUCTS CORP <ARMR> QUARTERLY DIV Qtly div ten cts vs ten cts Pay April 1 Record March 9 | [
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OPEC MAY HAVE TO MEET TO FIRM PRICES - ANALYSTS OPEC may be forced to meet before a scheduled June session to readdress its production cutting agreement if the organization wants to halt the current slide in oil prices, oil industry analysts said. "The movement to higher oil prices was never to be as easy as ... | [
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NORTHERN TELECOM LTD <NT> DECLARES STOCK SPLIT Two-for-one stock split Pay May 12 Note: split is subject to approval of shareholders at April 23 annual meeting. Company also said it will increase dividend on post-split shares to six cts from five cts. | [
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TECHAMERICA GROUP INC <TCH> 4TH QTR LOSS Shr loss six cts vs not available Net loss 562,231 vs profit 10,253 Revs 8,871,874 vs 9,549,308 Year Shr loss 60 cts vs loss nine cts Net loss 5,058,145 vs loss 766,185 Revs 34.3 mln vs 35.5 mln | [
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<NOVA> WINS GOVERNMENT OKAY FOR HUSKY <HYO> DEAL Nova, the Canadian company that owns 56 pct of Husky Oil Ltd, said it received government approval for a transaction under which <Union Faith Canada Holding Ltd> would buy a 43 pct stake in Husky. Nova said the Minister of Regional and Industrial Expan... | [
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POTOMAC ELECTRIC POWER CO <POM> JANUARY NET Oper shr 27 cts vs 29 cts Oper net 13.5 mln vs 14.6 mln Revs 104.6 mln vs 110.3 mln 12 mths Oper shr 4.10 dlrs vs 3.66 dlrs Oper net 205 mln vs 186.8 mln Revs 1.4 billion vs 1.3 billion NOTE: 1986 12 mths oper net excludes extraordinary ... | [
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<GSW INC> YEAR NET Oper shr 2.16 dlrs vs 2.07 dlrs Oper net 8,037,000 vs 7,710,000 Revs 136.4 mln vs 133.3 mln Note: 1986 net excludes extraordinary gain of 13 mln dlrs or 3.50 dlrs shr from sale of <Camco Inc> shares vs yr-ago loss of 4.3 mln dlrs or 1.14 dlrs shr. | [
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LIQUID AIR CORP <LANA> QUARTERLY DIVIDEND Qtly div 40 cts vs 40 cts Pay March 31 Record March 16 | [
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MARSHALL STEEL DETAILS GAIN FROM UNIT SALE (Marshall Steel Ltd), formerly Marshall Drummond McCall Inc, said it will report a 17 mln dlr net gain before taxes this year from the sale of its Drummond McCall division, which was sold effective January one. | [
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LNG IMPORTS FROM ALGERIA UNLIKELY IN 1987 Liquefied natural gas imports from Algeria are unlikely to happen in 1987 even though its economically feasible, U.S. industry analysts sources said. Youcef Yousfi, director-general of Sonatrach, the Algerian state petroleum agency, indicated in a television interview ... | [
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SWISS ECONOMY IN EXCELLENT CONDITION, OECD SAYS Switzerland's economy, combining low unemployment, financial stability and a large external payments surplus, is in excellent condition and faces a satisfactory future, the Organisation for Economic Cooperation and Development, OECD, said. This reflected the suc... | [
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U.S. WHEAT BONUS TO SOVIET CALLED DORMANT The U.S. Agriculture Department is not actively considering offering subsidized wheat to the Soviet Union under the export enhancement program (EEP), senior USDA officials said. However, grain trade analysts said the proposal has not been ruled out and that an offer m... | [
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ALATENN RESOURCES INC <ATNG> 4TH QTR NET Shr 75 cts vs 52 cts Net 1,699,124 vs 1,177,786 Revs 45.6 mln vs 31.6 mln 12 mths Shr 2.22 dlrs vs 2.20 dlrs Net 5,057,292 vs 4,961,085 Revs 130.2 mln vs 126.7 mln | [
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VERSATILE TO SELL UNIT TO VICON <Versatile Corp> said it agreed in principle to sell its Alberta-based Versatile Noble Cultivators Co division to Vicon Inc, of Ontario, for undisclosed terms. The division manufactures tillage and spraying equipment. | [
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TEXACO CANADA <TXC> LOWERS CRUDE POSTINGS Texaco Canada said it lowered the contract price it will pay for crude oil 64 Canadian cts a barrel, effective today. The decrease brings the company's posted price for the benchmark grade, Edmonton/Swann Hills Light Sweet, to 22.26 Canadian dlrs a bbl. Texaco... | [
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USDA SAID UNLIKELY TO BROADEN CORN BONUS OFFER The U.S. Agriculture Department probably will not offer a two dlr per bushel bonus payment to corn farmers for any erodible cropland they enrolled in the conservation reserve program last year, an aide to USDA Secretary Richard Lyng said. Sen. Charles Grassley (R... | [
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<GEORGE WESTON LTD> YEAR NET Shr 2.31 dlrs vs 1.96 dlrs Net 119.0 mln vs 101.0 mln Revs 10.03 billion vs 8.88 billion | [
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RELIEF TO U.S. CORN/OATS GROWERS SAID LIKELY U.S. farmers who in the past have grown oats for their own use but failed to certify to the government that they had done so probably will be allowed to continue planting that crop and be eligible for corn program benefits, an aide to Agriculture Secretary Richard Lyng ... | [
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CIRCUIT SYSTEMS <CSYI> BUYS BOARD MAKER Circuit Systems Inc said it has bought all of the stock of (Ionic Industries Inc) in exchange for 3,677,272 shares of its common. Following the exchange there will be 4,969,643 shares of Circuit Systems stock outstanding. Ionic holders will own about 74 pct of the ou... | [
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FALLING SOYBEAN CRUSH RATIOS CUT OUTPUT The sharp decline in soybean crush ratios seen in the last few weeks, accelerating in recent days, has pushed margins below the cost of production at most soybean processing plants and prompted many to cut output of soybean meal and oil. The weekly U.S. soybean crush ra... | [
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MUNSINGWEAR INC <MUN> 4TH QTR JAN 3 LOSS Shr loss 32 cts vs loss seven cts Net loss 1,566,000 vs loss 292,000 Revs 39.4 mln vs 34.7 mln Year Shr profit 79 cts vs profit 74 cts Net profit 3,651,000 vs profit 3,020,000 Revs 147.9 mln vs 114.2 mln Avg shrs 4,639,000 vs 4,059,000 ... | [
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HOUSTON OIL <HO> RESERVES STUDY COMPLETED Houston Oil Trust said that independent petroleum engineers completed an annual study that estimates the trust's future net revenues from total proved reserves at 88 mln dlrs and its discounted present value of the reserves at 64 mln dlrs. Based on the estimate, th... | [
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FAMOUS RESTAURANTS INC <FAMS> 4TH QTR LOSS Shr loss 2.07 dlrs vs loss eight cts Net loss 11,445,000 vs loss 501,000 Revs 14.5 mln vs 11.0 mln Year Shr loss 1.91 dlrs vs profit four cts Net loss 12,427,000 vs profit 211,000 Revs 60.8 mln vs 51.5 mln Note: includes non-recurring cha... | [
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26-FEB-1987 26-FEB-1987 | [
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N.Z. CENTRAL BANK SEES SLOWER MONEY, CREDIT GROWTH Monetary and credit growth rates in New Zealand are not expected to continue at current levels following the Reserve Bank's move to tighten liquidity late last year, Reserve Bank Governor Spencer Russell said. The monetary and credit growth figures for the Dec... | [
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AVERAGE YEN CD RATES FALL IN LATEST WEEK Average interest rates on yen certificates of deposit, CD, fell to 4.27 pct in the week ended February 25 from 4.32 pct the previous week, the Bank of Japan said. New rates (previous in brackets), were - Average CD rates all banks 4.27 pct (4.32) Money Market C... | [
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AUSTRALIA'S KEATING CHANGES ECONOMIC FORECASTS Domestic demand is now expected to make no contribution to Australian economic growth in fiscal 1986/87, ending June 30, while net exports will account for all of the overall increase, Treasurer Paul Keating said here. However, he did not say in his speech to the ... | [
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THAI RICE EXPORTS RISE IN WEEK ENDED FEBRUARY 24 Thailand exported 84,960 tonnes of rice in the week ended February 24, up from 80,498 the previous week, the Commerce Ministry said. It said government and private exporters shipped 27,510 and 57,450 tonnes respectively. Private exporters concluded advance ... | [
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PRODUCER SPLIT HEATS UP COFFEE QUOTA TALKS Talks on the possibility of reintroducing global coffee export quotas have been extended into today, with sparks flying yesterday when a dissident group of exporters was not included in a key negotiating forum. The special meeting of the International Coffee Organiza... | [
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ITALIAN TREASURY CUTS INTEREST ON CERTIFICATES The Italian treasury said annual coupon rates payable March 1988 on two issues of long-term treasury certificates (CCTs) would be cut by about four percentage points compared with rates this March. Coupon rates on 10-year certificates maturing March 1995 will fal... | [
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INDONESIA SEEN AT CROSSROADS OVER ECONOMIC CHANGE Indonesia appears to be nearing a political crossroads over measures to deregulate its protected economy, the U.S. Embassy says in a new report. To counter falling oil revenues, the government has launched a series of measures over the past nine months to boos... | [
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QATAR UNVEILS BUDGET FOR FISCAL 1987/88 The Gulf oil state of Qatar, recovering slightly from last year's decline in world oil prices, announced its first budget since early 1985 and projected a deficit of 5.472 billion riyals. The deficit compared with a shortfall of 7.3 billion riyals in the last published ... | [
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CANADA-EGYPT WHEAT NEGOTIATIONS TO CONTINUE Canadian and Egyptian wheat negotiators failed to conclude an agreement on Canadian wheat exports to Egypt during talks last week, but the Canadian team will return to Cairo for further negotiations, Canadian embassy officials said. An embassy official declined to i... | [
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ZAMBIA TO RETAIN CURRENCY AUCTION, SAYS KAUNDA Zambia will retain its foreign-exchange auction system despite the suspension of weekly auctions since January 24, President Kenneth Kaunda said. "We have not run away from the auction. It hasn't been abolished at all," he told Reuters in an interview. He sai... | [
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INDONESIA UNLIKELY TO IMPORT PHILIPPINES COPRA Indonesia is unlikely to import copra from the Philippines in 1987 after importing 30,000 tonnes in 1986, the U.S. Embassy's annual agriculture report said. The report said the 31 pct devaluation of the Indonesian rupiah, an increase in import duties on copra and ... | [
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JAPAN FEBRUARY INTERIM TRADE SURPLUS JUMPS Japan's customs-cleared trade surplus in the first 20 days of February jumped to 3.58 billion dlrs from 1.94 billion a year earlier, the Finance Ministry said. The February interim surplus was sharply up from a 965.04 mln dlr surplus in the same January period. F... | [
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NIPPON LIGHT METAL CONTINUES ALUMINIUM OUTPUT CUT Nippon Light Metal Co Ltd <NLGT.T>, which has annual capacity of 63,000 tonnes, will continue primary aluminium production at a rate of 35,000 tonnes owing to low domestic and world prices and low water supplies at its hydroelectric power plant, a company offici... | [
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SAUDI FEBRUARY CRUDE OUTPUT PUT AT 3.5 MLN BPD Saudi crude oil output last month fell to an average of 3.5 mln barrels per day (bpd) from 3.8 mln bpd in January, Gulf oil sources said. They said exports from the Ras Tanurah and Ju'aymah terminals in the Gulf fell to an average 1.9 mln bpd last month from 2.2 ... | [
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INDONESIAN TEA, COCOA EXPORTS SEEN UP, COFFEE DOWN Indonesia's exports of tea and cocoa will continue to rise in calendar 1987 but coffee exports are forecast to dip slightly in 1987/88 (April-March) as the government tries to improve quality, the U.S. Embassy said. The embassy's annual report on Indonesian ag... | [
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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... | [
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JAPAN FEBRUARY RESERVES RECORD 51.73 BILLION DLRS Japan's external reserves rose to a record 51.73 billion dlrs at the end of February from the previous record of 51.46 billion at end-January, the Finance Ministry said. End-February reserves last year were 27.58 billion dlrs. In January, the nation's fore... | [
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ICO TALKS ON COFFEE QUOTAS TO RESUME AT NOON Talks on coffee export quotas at the International Coffee Organization (ICO) special council session will resume at noon gmt today, following a last minute decision taken early this morning to extend the meeting 24 hours, ICO officials said. An 18 member contact gr... | [
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INDIAN SUGAR OUTPUT RISES IN FIRST FOUR MONTHS India's sugar output to January 31 in the 1986/87 season (October/September) rose to 3.66 mln tonnes from 3.46 mln in the same 1985/86 period, the Indian Sugar Mills Association said. Total offtake in the first four months of the current year was 2.71 mln tonnes ... | [
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JAPAN BUYS SOME 95,000 TONNES SOYBEANS FROM CHINA Japanese importers bought some 95,000 tonnes of Chinese soybeans late last month for May to September shipment, under the semi-annual trade accords, trade sources said. The FOB premium rose to 13.50 dlrs per tonne, up 2.50 dlrs from the premium for the Novembe... | [
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WALLENBERGS FIGHT BID FOR SWEDISH MATCH STAKE Sweden's Wallenberg group fought back a bid by the London-based Swedish financier Erik Penser to secure a large stake in Swedish Match <SMBS ST>, one of the companies at the core of their business empire. A statement issued by the Wallenberg holding companies AB... | [
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SHV SAYS IT MAKING TENDER OFFER FOR IC GAS <SHV (United Kingdom) Holding Co Ltd> said it was making a tender offer for up to 33 mln ordinary shares in Imperial Continental Gas Association.<ICGS.L>. It said in a statement the offer was on the basis of 700p for each IC Gas ordinary and 252p for every one s... | [
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U.K. MONEY MARKET DEFICIT FORECAST AT 800 MLN STG The Bank of England said it forecast a shortage of around 800 mln stg in the money market today. Among the main factors affecting liquidity, bills maturing in official hands and the take-up of treasury bills will drain some 1.61 billion stg. Partly offsett... | [
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BLACK MINERS SUPPORT S. AFRICAN MINES TAKEOVER Thousands of black mineworkers roared support for a union proposal to seize control of South Africa's gold, uranium, platinum and coal mines if the owners refuse to improve conditions for migrant black workers. About 15,000 miners attended a rally here to endorse... | [
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THAILAND ANNOUNCES THIRD TAPIOCA QUOTA FOR EC Thailand's Commerce Ministry announced a new tapioca export quota of 737,987 tonnes for the European Community against 762,860 tonnes for the previous allocation. The ministry said the fresh allocation, for the February 27-July 7 shipment period, is the third under... | [
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CHINA'S HEILONGJIANG PROVINCE BOOSTS GOLD OUTPUT Gold output in the northeast China province of Heilongjiang rose 22.7 pct in 1986 from 1985's level, the New China News Agency said. It gave no figures. It said the province, China's second largest gold producer after Shandong, plans to double gold output by 199... | [
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ESTIMATED DROP IN JAPAN CORPORATE PROFITS TRIMMED The combined profits of Japan's major corporations, excluding financial institutions, are forecast to fall 19.2 pct in the 1986/87 year ending March 31, compared to the 19.9 pct decline projected in late November, Wako Research Institute of Economics said. The... | [
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INDIA BUYS 46,000 TONNES OF VEGETABLE OILS The Indian State Trading Corporation purchased 46,000 tonnes of vegetable oils at its import tender on Friday, market sources said. The business was for April shipments and comprised 20,000 tonnes of European rapeseed oil at 318 dlrs, 20,000 tonnes of soyoil, believe... | [
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PAKISTAN TO TENDER FOR RBD PALM OIL Pakistan will hold an import tender tomorrow for 6,000 tonnes of refined bleached deodorised palm oil for second half March shipments, traders said. | [
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COLOROLL AGREES TO BUY U.S. WALLCOVERINGS COMPANY <Coloroll Group Plc> said it has entered into a conditional agreement to acquire the business and assets of <Wallco Inc> and related companies for 14.5 mln dlrs. Miami-based Wallco manufactures and distributes wallcoverings and showed a pretax profit of 1... | [
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U.K. MONEY MARKET RECEIVES 37 MLN STG ASSISTANCE The Bank of England said it had provided the money market with 37 mln stg assistance in the morning session. This compares with the Bank's downward revised estimate of the shortfall in the system today of around 700 mln stg. The central bank purchased bank bill... | [
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JAPAN, U.S. SET TO BEGIN HIGH-LEVEL TRADE TALKS Japan and the U.S. Kick off top-level trade talks tomorrow amid signs officials from both sides are growing increasingly irritated with each other. The talks, held annually at sub-cabinet level to review the whole gamut of U.S./Japan economic relations, will pave... | [
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SAUDI ARABIA REITERATES COMMITMENT TO OPEC ACCORD Saudi Arabian Oil Minister Hisham Nazer reiterated the kingdom's commitment to last December's OPEC accord to boost world oil prices and stabilize the market, the official Saudi Press Agency SPA said. Asked by the agency about the recent fall in free market oi... | [
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