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Shr 23 cts vs 18 cts Net 509144 vs 277834 Revs 2258341 vs 1328634 Avg shrs 2177553 vs 1564605 Nine mths Shr 55 cts vs 42 cts Net 1150633 vs 649914 Revs 6169168 vs 3178115 Reuter | MAIL BOXES ETC <MAIL> 3RD QTR JAN 31 NET |
Shr loss 32 cts vs loss seven cts Net loss 1566000 vs loss 292000 Revs 39.4 mln vs 34.7 mln Year Shr profit 79 cts vs profit 74 cts Net profit 3651000 vs profit 3020000 Revs 147.9 mln vs 114.2 mln Avg shrs 4639000 vs 4059000 Note: Per shr adjusted for 3-for-2 stock split July 1986 and 2-for-1 split May 1985. Reuter | MUNSINGWEAR INC <MUN> 4TH QTR JAN 3 LOSS |
Latest Federal Reserve data suggest that the central bank voted to maintain the existing degree of pressure on banking reserves at its regular policy-making meeting two weeks ago money market economists said. The numbers were a little disappointing but I think we can take Mr Volcker at his word when he said that nothin... | FED DATA SUGGEST STABLE U.S. MONETARY POLICY |
<Federal Industries Ltd> said it launched a 40 mln Canadian dlr Eurobond issue for five years bearing a coupon of 9-1/4 pct. Issue price is 100-5/8. Lead manager is Union Bank of Switzerland. Proceeds will be used to reduce short-term debt. Reuter | FEDERAL INDUSTRIES LAUNCHES EUROBOND ISSUE |
The New York Stock Exchange said it will begin a review of regulation in the securities industry to determine what changes may be needed to maintain the integrity of the market and protect investors in coming years. The Exchange said the study is needed because of the rapid changes taking place in the securities indust... | NYSE TO STUDY REGULATION OF SECURITY INDUSTRY |
McDonnell Douglas Corp said Korean Air signed formal orders for four MD-11 jets with options to buy four more. The company said if the options are exercised the purchase will total about one billion dlrs. McDonnell Douglas said on December 30 that Korean Air was among the initial 12 customers that placed orders and opt... | KOREAN AIR ORDERS MCDONNELL DOUGLAS <MD> MD-11S |
An unmanned Delta rocket carrying a 57 mln dlr hurricane-tracking satellite blasted off here today in NASAs first successful launch of the year. The 116-foot (35.4-meter) Delta -- a reliable workhorse of the U.S. rocket fleet -- lifted off at 1805 EST from Cape Canaveral Air Force Station in a crucial test of the space... | DELTA ROCKET BLASTS OFF FROM CAPE CANAVERAL |
Japan has pledged to try to increase its purchase of U.S. car parts and also to exchange data to monitor the purchases the Commerce Department said. U.S. negotiators opened talks last August with Japanese officials to try to force open the Japanese market to American-made parts in an effort to redress an estimated five... | JAPAN TO TRY TO OPEN MARKET TO U.S. CAR PARTS |
Frances right wing government is facing growing pressure to modify its economic policies after revising down its 1987 growth targets and revising up its inflation forecasts for this year. Moving reluctantly into line with most private sector forecasts the government yesterday raised its 1987 inflation estimate a half p... | FRANCE FACES PRESSUE TO CHANGE POLICIES |
Oper shr profit six cts vs loss two cts Oper net profit 225000 vs loss 91000 Revs 4814000 vs 3339000 Year Oper shr profit 12 cts vs loss two cts Oper net profit 415000 vs loss 73000 Revs 16.4 mln vs 16.9 mln Note: data does not include from discontinued operations 4th qtr 1986 gain of 632000 dlrs or 19 cts per shr; 4th... | GTI CORP <GTI> 4TH QTR OPER NET |
Houston Oil Trust said that independent petroleum engineers completed an annual study that estimates the trusts 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 the trust said there may be no money available for cash dis... | HOUSTON OIL <HO> RESERVES STUDY COMPLETED |
Shr loss 2.07 dlrs vs loss eight cts Net loss 11445000 vs loss 501000 Revs 14.5 mln vs 11.0 mln Year Shr loss 1.91 dlrs vs profit four cts Net loss 12427000 vs profit 211000 Revs 60.8 mln vs 51.5 mln Note: includes non-recurring charges of 12131000 dlrs in the 4th qtr and 12500000 dlrs in the year for reserve for under... | FAMOUS RESTAURANTS INC <FAMS> 4TH QTR LOSS |
Japans unadjusted consumer price index (base 1985) fell 0.4 pct to 99.7 in January from the previous month the governments Management and Coodination Agency said. The fall compares with a decline of 0.2 pct in December. The January index compared with a year earlier was down 1.1 pct the first drop larger than 1.0 pct s... | JAPAN CONSUMER PRICES FALL 0.4 PCT IN JANUARY |
Avery said its board authorizerd a two for one stock split an increased in the quarterly dividend and plans to offer four mln shares of common stock. The company said the stock split is effective March 16 with a distribution of one additional share to each shareholder of record March 9. It said the quarterly cash divid... | AVERY <AVY> SETS TWO FOR ONE STOCK SPLIT |
Microsoft Corp said it obtained a federal court order to seize a shipment of over 15000 unauthorized copies of its MS-DOS operating system labeled Falcon MS-DOS. Federal marshals made the seizure in San Francisco on Feb 17. Microsoft said the U.S. District Court for the Northern District of California also granted it a... | MICROSOFT CORP <MSFT> HALTS MS-DOS IMPORTS |
 FEDERAL RESERVE WEEKLY M-2 COMPONENTS - FEB 26 Week Feb 16 vs Feb 9 (DAILY AVG BILLIONS) Seasonally Adjusted Unadjusted Currency......186.9 vs 186.8....185.6 vs 185.7 Demand Depos..300.3 vs 300.0....291.5 vs 295.6 Other Check...242.9 vs 241.2....240.0 vs 242.7 Savings.......164.3 vs 163.2....162.8 vs 161.9 Small T... | |
The Finance Ministry has proposed informally to its bond underwriting syndicate that the coupon on the January 10-year government bond remain unchanged from February at five pct underwriting sources said. They said the ministry wants a 0.50 yen raise in issue price from February to 99.50 to yield a record low 5.075 pct... | JAPAN MARCH BOND COUPON SEEN UNCHANGED AT FIVE PCT |
An unmanned Delta rocket carrying a 57 mln dlr weather observation satellite blasted off here today in the first U.S. Space launch of the year. The 116-foot rocket lifted off at 1805 local time (2305 GMT) and placed in orbit a 1850 pound Geostationary Operational Environmental Satellite (GOES) to replace an identical o... | U.S. LAUNCHES WEATHER SATELLITE |
Leaders of Italys five coalition parties have agreed to meet today to try to settle their differences which are mainly between Prime Minister Bettino Craxis Socialist Party and the majority Christian Democrats. Sources close to Deputy Prime Minister Arnaldo Forlani said Craxi told him he would announce his resignation ... | ITALIAN COALITION MEETS AS GOVERNMENT CRISIS LOOMS |
Monetary and credit growth rates in New Zealand are not expected to continue at current levels following the Reserve Banks move to tighten liquidity late last year Reserve Bank Governor Spencer Russell said. The monetary and credit growth figures for the December quarter were probably artifically inflated by unusually ... | N.Z. CENTRAL BANK SEES SLOWER MONEY, CREDIT GROWTH |
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 Certificate MMC ceiling rates for the week starting from March 2... | AVERAGE YEN CD RATES FALL IN LATEST WEEK |
Britains centrist Liberal-Social Democratic Alliance won a surprise victory in a parliamentary by-election in the London borough of Greenwich a seat held by the main opposition Labour party for the past 50 years. Rosie Barnes a Social Democratic member of the Alliance won with 18287 votes or 53 pct and a majority of 66... | BRITAIN'S ALLIANCE OPPOSITION WINS BY-ELECTION |
Japanese life insurers trust banks and corporations largely responsible for vitalising the U.S. Bond market in recent years are now eyeing stockmarkets in the U.S. Britain France and Hong Kong fund managers said. After concentrating on U.S. Treasury bonds for years Japanese institutions now see a risk in relying too mu... | ECONOMIC SPOTLIGHT - JAPAN EYEING FOREIGN STOCKS |
The combined assets of Taiwans offshore banking units (obu) rose to 6.28 billion U.S. Dlrs at end- January from 6.21 billion in December and 6.34 billion in January 1986 the central bank said. A bank official told Reuters the increase came mainly from increased local obu borrowings from their Asian counterparts. He sai... | TAIWAN OFFSHORE BANKING ASSETS RISE IN JANUARY |
Japan is expected to cut the base lending rate for state financial institutions to 5.5 pct from 6.2 as part of the recent pact by major industrial nations in Paris Finance Ministry sources said. They said the cut is based on a revision of the Trust Fund Bureau Law which should be approved by parliament on March 3 aboli... | JAPAN EXPECTED TO CUT BASE RATE FOR STATE BODIES |
Japans ruling and opposition parties agreed to reopen talks on the budget for the fiscal year ending March 31 1988 when the Lower House Budget Committee meets next Tuesday a parliamentary official said. He said officials of the ruling Liberal Democratic Party and the opposition parties agreed at a meeting of the commit... | JAPAN HOUSE BUDGET TALKS TO REOPEN NEXT WEEK |
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 Economic Planning Advisory Council (EPAC) if the forecast 2.... | AUSTRALIA'S KEATING CHANGES ECONOMIC FORECASTS |
Thailand exported 84960 tonnes of rice in the week ended February 24 up from 80498 the previous week the Commerce Ministry said. It said government and private exporters shipped 27510 and 57450 tonnes respectively. Private exporters concluded advance weekly sales for 79448 tonnes against 79014 the previous week. Thaila... | THAI RICE EXPORTS RISE IN WEEK ENDED FEBRUARY 24 |
The Tokyo Grain Exchange said it will raise the margin requirement on the spot and nearby month for U.S. And Chinese soybeans and red beans effective March 2. Spot April U.S. Soybean contracts will increase to 90000 yen per 15 tonne lot from 70000 now. Other months will stay unchanged at 70000 except the new distant Fe... | TOKYO GRAIN EXCHANGE TO RAISE MARGIN REQUIREMENTS |
The Philippines will offer its commercial bank creditors an innovative pricing plan that will make debt payments through certificates of indebtedness as an alternative to cash the authoritative Business Day newspaper said. Finance Secretary Jaime Ongpin told reporters yesterday the alternative proposal is designed to a... | MANILA SAID TO OFFER DEBT BONDS TO BANKS |
A majority of Americans disapprove of the way Ronald Reagan has handled the presidency and one-third believe he should resign a new poll said. The poll conducted by Newsweek magazine said 53 pct of the respondents gave Reagan a negative performance rating nearly double his disapproval rating before the Iran/Contra scan... | POLL MAJORITY DISAPPROVE OF REAGAN PRESIDENCY |
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 Organization (ICO) council was called to find a way to stop a ... | PRODUCER SPLIT HEATS UP COFFEE QUOTA TALKS |
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 fall to 9.80 pct from 13.65 pct and rates on 10-year issues ... | ITALIAN TREASURY CUTS INTEREST ON CERTIFICATES |
Britains ruling Conservatives have enlarged their lead over the opposition Labour Party according to results of two opinion polls released on Saturday. A Market & Opinion Research International (MORI) poll conducted for The Sunday Times showed the Conservatives with a six point lead while a poll by Telephone Survey... | BRITISH CONSERVATIVES AHEAD OF LABOUR IN NEW POLLS |
Indonesias agriculture sector will grow by just 1.0 pct in calendar 1987 against an estimated 2.4 pct in 1986 as the production of some commodities stagnates or declines the U.S. Embassy said in a report. Production of Indonesias staple food rice is forecast to fall to around 26.3 mln tonnes from an embassy estimate of... | INDONESIAN AGRICULTURE GROWTH EXPECTED TO SLOW |
Kuwaits Oil Minister in remarks published today said there were no plans for an emergency OPEC meeting to review oil policies after recent weakness in world oil prices. Sheikh Ali al-Khalifa al-Sabah was quoted by the local daily al-Qabas as saying: None of the OPEC members has asked for such a meeting. He denied Kuwai... | KUWAIT SAYS NO PLANS FOR EMERGENCY OPEC TALKS |
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 boost exports outside the oil sector and attract new investment. I... | INDONESIA SEEN AT CROSSROADS OVER ECONOMIC CHANGE |
Opposition politicians businessmen and newspapers criticised Indias newly unveiled 1987/88 budget and large projected deficit of around 57 billion rupees. They said the budget failed to provide incentives for economic growth and merely tinkered with tax reform. But few politicians were prepared to criticise a sharp ris... | INDIAN BUDGET COMES IN FOR WIDE CRITICISM |
China will receive loans totalling 390 mln dlrs from Japan and the World Bank for investment in new highways and port facilities. The Japan Overseas Economic Co-operation Fund is to provide 260 mln dlrs towards Chinas plans to improve its road network the official New China News Agency reported. A 130 mln dlr World Ban... | CHINA TO BORROW 390 MLN DLRS |
The Philippines will offer its commercial bank creditors an innovative pricing plan that will make debt payments through certificates of indebtedness as an alternative to cash the authoritative Business Day newspaper said. Finance Secretary Jaime Ongpin told reporters yesterday the alternative proposal is designed to a... | MANILA SAID TO OFFER DEBT BONDS TO BANKS |
Chinas wheat crop this year is seriously threatened by plant pests and diseases the New China News Agency said. More than 5 mln hectares of wheat-producing land in North China could be affected because relatively warm and dry weather had allowed bacteria and insect eggs to survive the winter the agency added. Chinas Mi... | CHINESE WHEAT CROP THREATENED BY PESTS, DISEASE |
Saudi riyal interbank deposits were steady at yesterdays higher levels in a quiet market. Traders said they were reluctant to take out new positions amidst uncertainty over whether OPEC will succeed in halting the current decline in oil prices. Oil industry sources said yesterday several Gulf Arab producers had had dif... | SAUDI RIYAL DEPOSIT RATES REMAIN FIRM |
Iran said its forces had captured one of Iraqs strongest fortifications east of Basra on the Gulf War southern front in a major battle overnight. The Iranian National News Agency received here said Iranian forces smashed four Iraqi brigades killed or wounded 1500 Iraqi soldiers and destroyed 45 enemy tanks and personne... | IRAN CLAIMS NEW VICTORIES NEAR BASRA |
Bangladesh police mounted a cross-country hunt for defaulters on bank loans arresting four industrialists and issuing arrest warrants against 50 others for failure to repay overdue obligations. No names were given. Metropolitan police told reporters the four arrested put under six month pre-trial detention owed nearly ... | BANGLADESH MOVES AGAINST LOAN DEFAULTERS |
Iraq said its troops repelled an overnight attack by three divisions of Iranian Revolutionary Guards near Basra in southern Iraq. A military communique said the Iranians in a perfidious attack rushed forward positions last night and this morning. A military spokesman later said the Iraqi Third Army Corps whose troops f... | IRAQ SAYS IT REPELS IRANIAN ATTACK |
The Gulf oil state of Qatar recovering slightly from last years 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 budget for 1985/86. In a statement outlining the budg... | QATAR UNVEILS BUDGET FOR FISCAL 1987/88 |
Gulf money markets have grown reasonably well during the past decade but bond and stock markets remain to a large extent fragmented and lag behind <Gulf International Bank BSC> (GIB) said. The banks economist Henry Azzam said in a review of Gulf capital markets that investors have to relinquish traditional investmen... | GULF BOND, STOCK MARKETS LAG BEHIND, GIB SAYS |
Saudi Arabian Oil Minister Hisham Nazer reiterated the kingdoms commitment to last Decembers OPEC accord to boost world oil prices and stabilise the market the official Saudi Press Agency SPA said. Asked by the agency about the recent fall in free market oil prices Nazer said Saudi Arabia is fully adhering by the ... A... | SAUDI ARABIA REITERATES COMMITMENT TO OPEC PACT |
The International Coffee Organization (ICO ) council talks on reintroducing export quotas continued with an extended session lasting late into Sunday night but delegates said prospects for an accord between producers and consumers were diminishing by the minute. The special meeting called to stop the prolonged slide in... | COFFEE QUOTA TALKS CONTINUE, NO ACCORD SEEN LIKELY |
The Reserve Bank said it cancelled the regular weekly treasury bill tender scheduled for March 3. It said in a statement it forecasts a net cash withdrawal from the system over the settlement week. Cash flows to the government are expected to more than offset cash injections it added. The bank said it expects to conduc... | NEW ZEALAND CANCELS WEEKLY T-BILL TENDER |
Trading in the shares of three of the Cheung Kong group of companies will be suspended for two days at the request of the companies the Stock Exchange of Hong Kong said. The three are Cheung Kong (Holdings) Ltd <CKGH.HK> Hongkong Electric Holdings Ltd <HKEH.HK> and Hutchison Whampoa Ltd <HWHH.HK>. They will an... | SHARE TRADING IN CHEUNG KONG GROUP SUSPENDED |
The U.S. Economy continued to expand in February but at a slower pace than in January which saw a spurt of activity the National Association of Purchasing Management (NAPM) said in a report. The Associations composite survey index dropped to 51.9 pct in February from 55.8 pct in January the NAPM said. It was the sevent... | FEBRUARY U.S. PURCHASING MANAGER INDEX FALLS |
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 identify which issues remained to be resolved and when th... | CANADA-EGYPT WHEAT NEGOTIATIONS TO CONTINUE |
Indonesias wheat imports are expected to fall to 1.5 mln tonnes in calendar 1987 from 1.69 mln in 1986 the U.S. Embassys annual agriculture report said. It said the drop was expected because there will be a drawdown on stocks built up near the end of 1986. It said wheat stocks at the end of 1986 were 390000 tonnes up f... | INDONESIAN WHEAT IMPORTS EXPECTED TO FALL IN 1987 |
U.S. Secretary of State George Shultz is likely to visit Moscow soon for talks following new Soviet arms control proposals U.S. Officials said. The officials told Reuters no decision had been reached on when the trip might take place but it was likely to be within a month. Kremlin leader Mikhail Gorbachev proposed on S... | SHULTZ LIKELY TO VISIT MOSCOW SOON |
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 hasnt been abolished at all he told Reuters in an interview. He said the system would be reintroduced after current talks with the Wo... | ZAMBIA TO RETAIN CURRENCY AUCTION, SAYS KAUNDA |
Polands talks in Washington with the World Bank and the International Monetary Fund (IMF) on the countrys 33.5 billion dlr foreign debt were concrete open and frank a senior Polish banker was quoted as saying. Wladyslaw Baka head of Polands National Bank told the official news agency PAP yesterday the talks were a step... | POLISH BANKER PLEASED WITH WORLD BANK, IMF TALKS |
The volume of contracts traded on the New Zealand Futures Exchange (NZFE) reached a record 25559 contracts in February the International Commodities Clearing House (ICCH) said. The previous high was 22583 contracts in December 1986. The ICCH said the value of the contracts traded in February was 2.90 billion N.Z. Dlrs.... | RECORD N.Z. FUTURES VOLUMES TRADED IN FEBRUARY |
Indonesias raw sugar output is likely to be 1.8 mln tonnes in calendar 1987 unchanged from 1986 and below the governments 1987 forecast of 2.5 mln the U.S. Embassy said in its agricultural outlook for 1987. Indonesia bought 162500 tonnes of raw sugar on world markets in late 1986 the report said. The embassy estimated ... | INDONESIAN SUGAR OUTPUT SEEN SHORT OF TARGET |
Toshin Steel Co Ltd <TOSS.T> and <Azuma Steel Co Ltd> affiliates of Nippon Kokan KK <NKKT.T> are considering a merger company spokesmen said. Toshin Steel owned 41.9 pct by Nippon Kokan and Azuma Steel owned 41.3 pct by Nippon Kokan are expected to decide by the end of March they said. Both firms have been str... | NIPPON KOKAN STEEL AFFILIATES CONSIDERING MERGER |
Qantas Airways says will buy four Boeing 747-400's for one billion Australian | |
Representatives of nine African countries will meet here on March 11 to discuss the African debt crisis the Chad political situation and other issues Egypts Minister of State for Foreign Affairs Boutros Boutros Ghali said. He told reporters on his return from Ethiopia and Djibouti that the meeting and venue had been ag... | EGYPT TO HOST NINE-NATION AFRICAN TALKS THIS MONTH |
European Community (EC) agriculture ministers meet later today to consider a package of deep cuts in prices and subsidies after a week marked by strong protests by European farmers Community officials said. The common target for the farmers wrath is the ECs Brussels Commission which for the fourth year running has call... | EC MINISTERS CONSIDER BIG AGRICULTURE PRICE CUTS |
<Qantas Airways Ltd> has placed a firm order with Boeing Co <BA> for four 747-400 aircraft at a cost of 250 mln Australian dlrs each chairman Jim Leslie said. The first is due for delivery in April 1989 with the others arriving in May June and September of that year he said in a statement. The 400 series is the l... | QANTAS TO BUY FOUR 747-400'S FOR ONE BILLION DLRS |
Australian investment group <Industrial Equity Ltd> (IEL) said it will raise 100 mln U.S. Dlrs by the issue of medium term notes and commercial paper in the U.S. Domestic market. IEL has mandated <Merrill Lynch Capital Markets> to arrange a letter of credit (LOC) facility in support of the notes and commercial pa... | IEL SETS 100 MLN DLR NOTE/COMMERCIAL PAPER ISSUE |
American Express Co <AXP> rumoured to be considering a spinoff of part of <Shearson Lehman Brothers Inc> said it is studying ways to improve Shearsons access to capital and help it meet stiffer international competition. In a joint statement American Express and the brokerage unit said the actions under considera... | AMERICAN EXPRESS STUDIES OPTIONS FOR SHEARSON |
Indonesia is unlikely to import copra from the Philippines in 1987 after importing 30000 tonnes in 1986 the U.S. Embassys annual agriculture report said. The report said the 31 pct devaluation of the Indonesian rupiah an increase in import duties on copra and increases in the price of Philippines copra have reduced the... | INDONESIA UNLIKELY TO IMPORT PHILIPPINES COPRA |
Sri Lankas Central Bank offered 250 mln rupees worth of three-month treasury bills at its weekly tender closing on March 6 a Bank spokesman said. REUTER | SRI LANKAN BANK OFFERS 250 MLN RUPEES T-BILLS |
An earthquake measuring 6.5 on the Richter scale caused widespread damage in northern New Zealand and a civil defence emergency was declared in some areas officials and seismologists said. There were no immediate reports of casualties. The quake jolted the Bay of Plenty and Waikato areas. The town of Whakatane was said... | STRONG EARTHQUAKE HITS NEW ZEALAND |
Philippine Finance Secretary Jaime Ongpin starts negotiations with the countrys 12-bank advisory committee in New York tomorrow buoyed by an economy on the mend and political stability one year after President Corazon Aquino took power central bank officials said. The country now has foreign debt totalling 27.8 billion... | PHILIPPINES HEADS CONFIDENTLY INTO DEBT TALKS |
Japans 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. FOB exports rose 14.6 pct from a year earlier in the first 2... | JAPAN FEBRUARY INTERIM TRADE SURPLUS JUMPS |
Nippon Light Metal Co Ltd <NLGT.T> which has annual capacity of 63000 tonnes will continue primary aluminium production at a rate of 35000 tonnes owing to low domestic and world prices and low water supplies at its hydroelectric power plant a company official said. Nippon which has no plans to restore output to the ... | NIPPON LIGHT METAL CONTINUES ALUMINIUM OUTPUT CUT |
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 Juaymah terminals in the Gulf fell to an average 1.9 mln bpd last month from 2.2 mln in January because of lower liftings by some customers.... | SAUDI FEBRUARY CRUDE OUTPUT PUT AT 3.5 MLN BPD |
Indonesias palm oil output is expected to rise and exports to increase the U.S. Embassy said in its annual report on Indonesias agriculture sector. The Indonesian government said crude palm oil (CPO) output is expected to rise to 1.56 mln tonnes in 1987 and 2.11 mln in 1988 up from a projected 1.45 mln tonnes in 1986 a... | INDONESIAN PALM OIL OUTPUT EXPECTED TO RISE |
Indonesias 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 embassys annual report on Indonesian agriculture forecast coffee output in 1986/87 would be 5.77 mln b... | INDONESIAN TEA, COCOA EXPORTS SEEN UP, COFFEE DOWN |
The Stock Exchange of Singapore (SES) plans to introduce electronic trading of shares listed on the National Association of Securities Dealers Automated Quotation System (NASDAQ) in the U.S. And on Londons Stock Exchange Automated Quotation System banking sources said. The SES is discussing the idea with the London and... | SINGAPORE EXCHANGE SEEKING NASDAQ/LONDON LINK |
The total value of Indonesias exports fell in calendar 1986 to 15.995 billion dlrs from 18.762 billion in calendar 1985 according to the central banks latest report. The value of crude oil exports fell to 7.431 billion dlrs in 1986 from 8.976 billion in 1985 while liquefied natural gas exports dropped to 2.795 billion ... | INDONESIA'S EXPORTS DROP IN CALENDAR 1986 |
After an onslaught of new paper fewer mark eurobonds issues are expected this week bankers said. Most managers said they were planning a low issue volume for the Bundesbanks two-week bond calendar beginning today. We want to have a weeks pause one manager said. Last week borrowings totalled 1.775 billion marks includin... | GERMAN EUROBOND MARKET EXPECTS BREATHING SPACE |
<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 5506 billion yen from a projected 5328 billion this year NTT said in a business ... | JAPAN'S NTT FORECASTS PROFITS FALL IN 1987/88 |
<Ecolab Co> of the United States signed a contract with North China Industrial Co to set up the first Sino-U.S. Joint venture in China to make rinsing agents the New China News Agency said. It said total investment in the new venture <Ecolab Chemical Industrial Co> is 2.4 mln dlrs. It said the venture will be bas... | SINO-U.S. VENTURE IN CHINA TO MAKE RINSING AGENTS |
China has signed a 130 mln dlr loan agreement with the World Bank to partly finance 12 new berths with an annual capacity of 6.28 mln tonnes at the 20 mln tonne a year capacity Tianjin port the New China News Agency said. China will provide 370 mln yuan for the project and a Chinese company won a bid against 12 other f... | CHINA SIGNS WORLD BANK LOAN FOR TIANJIN PORT |
Thai Airways International plans to expand its fleet to 58 from 30 aircraft by 1995 company officials said. Thamnoon Wanglee vice-president for finance told a weekend marketing conference Thai would finance the expansion by borrowing but he did not give details. He said the airline planned to reduce its yen borrowing t... | THAI AIRWAYS INTERNATIONAL TO ALMOST DOUBLE FLEET |
Japan February external reserves record 51.73 billion dlrs (January 51.46 billion) | |
Japans 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 nations foreign reserves showed the largest-ever monthly increase at 9.22 billio... | JAPAN FEBRUARY RESERVES RECORD 51.73 BILLION DLRS |
Trading volume on the Singapore International Monetary Exchange (Simex) hit a record 122819 contracts in February surpassing the previous record of 116767 in September last year the exchange said in a statement. Volume in the Eurodollar contract hit a peak of 78546 contracts against the previous record of 70306 also se... | SIMEX TRADING VOLUME HITS RECORD IN FEBRUARY |
A senior Soviet official said a visit to Moscow by U.S. Secretary of State George Shultz for arms discussions was under consideration. Deputy Foreign Minister Alexander Bessmertnykh told a news conference such a visit would be part of continuing contacts between the two powers in the framework of security questions. Ea... | SHULTZ VISIT TO MOSCOW POSSIBLE, SAY SOVIETS |
<Autorama Inc> a distributor for Ford Motor Co <F> in Japan is considering importing cars made by <Mazda Motor Manufacturing (USA) Corp> (MMUC) a wholly owned U.S. Subsidiary of Mazda Motor Corp <MAZT.T> an Autorama spokesman said. Mazda owned 24 pct by Ford is due to begin production of the 2000-cc-engine ... | JAPAN DISTRIBUTOR MAY IMPORT MAZDA U.S.-MADE CARS |
Iraq has secured agreement to defer outstanding payments on a 500 mln dlr syndicated euroloan following five months of negotiations with creditor banks. Banking sources said the rescheduling is part of Iraqs continuing effort to defer payments of foreign debt as its economy comes under strain from the Gulf War and soft... | IRAQ DEFERS PAYMENTS ON 500 MLN DLR EUROLOAN |
The Central Bank issued 2.14 billion Taiwan dlrs of certificates of deposit (CD) bringing the total so far this year to 86.21 billion a bank official told Reuters. The new CD have maturities of six months and one and two years and bear interest rates ranging from 3.9 pct to 5.15 pct. The issues are aimed at curbing the... | TAIWAN CENTRAL BANK ISSUES CERTIFICATES OF DEPOSIT |
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 group will meet at midday to examine new ideas and the full... | ICO TALKS ON COFFEE QUOTAS TO RESUME AT NOON |
Caisse dAide a lEquipement des Collectives Locales (CAECL) is issuing a 12 billion yen eurobond due March 31 1994 paying 5-1/8 pct and priced at 102 pct lead manager Mitsubishi Trust International Ltd said. The non-callable bond is available in denominations of one mln yen and will be listed in Luxembourg. The selling ... | CAECL ISSUES 12 BILLION YEN EUROBOND |
Chinas state and collective firms do not have enough cash to operate imported equipment so banks will issue more bonds to raise funds a Chinese bank official was quoted by the China Daily as saying. Xie was quoted as saying the present cash shortage means some state firms do not run at full capacity and are inefficient... | CHINESE BANKS TO ISSUE MORE BONDS, OFFICIAL SAYS |
Indias 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 (including 241000 tonnes imported) for domestic use and 400... | INDIAN SUGAR OUTPUT RISES IN FIRST FOUR MONTHS |
<International Leisure Group Plc> said its <Air Europe> subsidiary was in advanced negotiations with manufacturers and banks for the lease of 10 <Boeing Co> and 13 <Rolls-Royce Ltd> engines. The deal would be for the lease with purchase options of five Boeing 757-200 planes and five 737-400s. The Rolls-Royc... | INTERNATIONAL LEISURE NEGOIATING ON BOEING LEASE |
Japanese securities houses will issue new corporate bonds more quickly accept issue requests throughout the month instead of at month-end and introduce a competitive underwriting method from April 1 to bring Japanese firms back to the Tokyo bond market securities managers said. Domestic issues have slowed to a trickle ... | JAPAN PLANS MORE FLEXIBLE CORPORATE BOND ISSUES |
The Dutch Central Bank said it has accepted bids totalling 4.8 billion guilders at tender for new seven-day special advances at 5.3 pct covering the period March 2 to 9 aimed at relieving money market tightness. Subscriptions to 300 mln guilders were met in full amounts above 300 mln at 50 pct. The new facility replace... | NEW DUTCH ADVANCES TOTAL 4.8 BILLION GUILDERS |
Japanese importers bought some 95000 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 November to April shipment but down from 13.80 for the last May to Sept... | JAPAN BUYS SOME 95,000 TONNES SOYBEANS FROM CHINA |
SHV SAYS IT MAKING TENDER OFFER FOR UP TO 33 MLN SHARES IN IC GAS | |
Shr 3.25 H.K. Dlrs vs 1.40 Final div 52 cents vs 38 making 75 cents vs 57 Net 1.28 billion dlrs vs 551.7 mln Note - Earnings excluded extraordinary gains of 983.6 mln dlrs vs 81.3 mln. Bonus issue one-for-four vs nil. Share split four-for-one. Dividend payable June 3 books close May 11-21. REUTER | CHEUNG KONG (HOLDINGS) LTD <CKGH.HK> YEAR 1986 |
The start of trading on the new Singapore Government Securities Market has been postponed until late March or early April because legislative amendments still need parliamentary approval banking sources said. The new bill market intended to establish a base for a wider capital market and to encourage private bond issue... | TRADING DELAYED ON SINGAPORE'S NEW BILL MARKET |
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