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Soviet Planning chief Nikolai Talyzin told the Supreme Soviet (parliament) industrial output is planned to rise by 4.5 pct in 1988 up from a planned 4.4 pct in 1987. In the first nine months of this year industrial output rose by 3.6 pct. Talyzin said national income the nearest Soviet equivalent to gross national prod... | SOVIET UNION SETS 4.5 PCT INDUSTRIAL OUTPUT GROWTH |
BELL ATLANTIC CORP 3RD QTR SHR 1.62 DLRS VS 1.49 DLRS | |
J.P. MORGAN AND CO INC 3RD QTR SHR 1.18 DLRS VS 1.15 DLRS | |
The Commodity Futures Trading Commission (CFTC) said the Kansas City Board of Trades (KCBT) one-minute audit trail system was adequate and accurate. But in its second rule enforcement review of an exchanges audit trail system CFTC said KCBT needed to provide a more accurate indication of the percent of trades that meet... | KANSAS CITY EXCHANGE'S AUDIT TRAIL ADEQUATE |
IDC SERVICES AGREES TO BE ACQUIRED FOR 16 DLRS A SHARE BY APOLLO PARTNERS GROUP | |
Cooper Companies Inc filed with the Securities and Exchange Commission for a proposed offering of up to 300 mln dlrs of senior extendible notes set to mature on January 1 1993. Drexel Burnham Lambert Inc will act as an underwriter for the proposed offering Cooper said. Proceeds from the offering will be used to repay d... | COOPER <COO> FILES FOR 300 MLN DLR NOTE OFFERING |
Restaurant Associates Industries Inc said the management group led by chairman Martin Brody and president Max Pine through October 16 had received 1796727 Class A and 1766091 Class B shares in response to its tender offer for all shares at 18 dlrs each giving thema majority of each class of shares. The company said the... | MANAGEMENT GROUP HAS RESTAURANT <RA> MAJORITY |
Shr 13 cts vs 22 cts Net 5452000 vs 9789000 Sales 155.7 mln vs 135.1 mln NOTE: Prior year net includes gain 6556000 dlrs from sale of shares of Seagate Technology Corp <SGAT.O>. Reuter | XIDEX CORP <XIDX.O> 1ST QTR SEPT 30 NET |
shr 1.99 dlrs vs 2.05 dlrs diluted shr 1.80 dlrs vs 1.75 dlrs net 50.0 mln vs 48.5 mln nine months shr 5.37 dlrs vs 5.69 dlrs diluted shr 4.87 dlrs vs 4.76 dlrs net 134.6 mln vs 129.6 mln Reuter | CALFED INC <CAL> 3RD QTR NET |
TANDY CORP 1ST QTR SHR 71 CTS VS 49 CTS | |
Chicago Mercantile Exchange floor traders and commission house representatives are guesstimating todays hog slaughter at about 305000 to 320000 head versus 291000 a week ago and 282000 a year ago. Cattle slaughter is guesstimated at about 128000 to 132000 head versus 128000 week ago and 130000 a year ago. Reuter | HOG AND CATTLE SLAUGHTER GUESSTIMATES |
Gencorps RKO General said it has asked the Federal Communication scommission to reverse an administrative law judges decision to revoke all 14 of the companys broadcast licenses. RKO General said the decision was based on allegations of misconduct that are either in error or have no bearing on our fitness as a broadcas... | GENCORP <GY> SEEKS RETENTION OF LICENSES |
Shr 1.16 dlrs vs 1.09 dlrs Net 128.1 mln vs 118.3 mln Avg Shrs 108.8 mln vs 105.7 mln Nine Months Shr 40 cts vs 3.12 dlrs Net 53.2 mln vs 335.1 mln Avg Shrs 108.0 mln vs 105.2 mln Note: Prior-period data have been restated to include on a pooling-of-interest basis the August 31 1987 acquisition of Rainier Bancorporatio... | SECURITY PACIFIC CORP <SPC> 3RD QTR NET |
Shr 1.77 dlrs vs 60 cts Net 58.2 mln vs 19.4 mln Revs 377.4 mln vs 188.0 mln Nine mths Shr 3.10 dlrs vs 1.51 dlrs Net 100.3 mln vs 50.6 mln Revs 1.11 billion vs 639.7 mln NOTE: 3rd qtr 1987 net includes about 3000000 dlrs after-tax extraordinary gain on retirement of debt. Reuter | PHELPS DODGE CORP <PD> 3RD QTR NET |
Shr 70 cts vs 54 cts Net 16.7 mln vs 12.5 mln Revs 343.6 mln vs 323.1 mln Avg shrs 23.9 mln vs 24.8 mln Nine mths Shr 1.98 dlrs vs 1.23 dlrs Net 46.9 mln vs 27.8 mln Revs 960.5 mln vs 893.2 mln Avg shrs 24.2 mln vs 24.9 mln NOTE: 1986 figures reflect the adjustment for 3-for-2 split in May 1987. Net for nine mths 1987 ... | CRANE CO <CR> 3RD QTR NET |
American Telephone and Telegraph Co said it plans to build a new computer that incorrates a unified version of its UNIX System IV operating system and Sun Microsystems Incs recently annouced SPARC micropocessor. The SPARC chip is based on reduced instruction-set computing or RISC technology. ATT said the version of UNI... | ATT <T> PLANS COMPUTER USING SUN <SUNW.O> CHIP |
AMERICAN CYANAMID CO 3RD QTR OPER SHR 59 CTS UP 22 PCT | |
TELEX CORP TO INVESTIGATE ALTERNATIVES TO TLX PARTNERS BID, MAY SEEK OTHER PURCHASERS | |
Shr 42 cts vs 21 cts Net 19.1 mln vs 9528000 Sales 101.2 mln vs 65.6 mln Avg shrs 46.0 mln vs 46.0 mln Nine mths Shr 1.08 dlrs vs 69 cts Net 49.1 mln vs 32.7 mln Sales 280.0 mln vs 201.0 mln Avg shrs 45.6 mln vs 47.4 mln NOTE: Share adjusted for February 1987 two-for-one split. Reuter | LOTUS DEVELOPMENT CORP <LOTS.O> 3RD QTR NET |
WANG LABORATORIES INC 1ST QTR SHR PROFIT 14 CTS VS LOSS 19 CTS | |
Iran said U.S. Naval forces attacked two of its oil platforms in the southern Gulf on Monday afternoon the Iranian news agency IRNA reported. IRNA received in Nicosia said an informed source at the Iranian oil ministry identified the two platforms as Resalat and Reshadat about 60 miles from Irans Lavan island oil stora... | IRAN SAYS U.S. NAVAL FORCES ATTACKED TWO PLATFORMS |
CHICAGO MERC'S AND P 500 STOCK INDEX FUTURES OPEN MORE THAN 20 POINTS LOWER | |
WALL STREET STOCKS OPEN BROADLY LOWER | |
BROCKWAY INC 3RD QTR SHR 98 CTS VS 70 CTS | |
Oper shr loss 82 cts vs profit 12 cts Oper net loss 4134000 vs profit 544000 Avg shrs 5030000 vs 3927000 Nine mths Oper shr loss 80 cts vs profit 32 cts Oper net loss 3615000 vs profit 1457000 Avg shrs 4557000 vs 3927000 NOTE: 1986 net excludes tax loss carryforwards of 105000 dlrs in quarter and 195000 dlrs in nine mt... | SOUTHWEST BANCORP <SWB> 3RD QTR LOSS |
Shr 95 cts vs 36 cts Net 9100000 vs 3300000 Revs 143.7 mln vs 132.4 mln Avg shrs 9884000 vs 9780000 Nine mths Shr 2.77 dlrs vs 1.49 dlrs Net 26600000 vs 19000000 Revs 401.8 mln vs 385.2 mln Avg shrs 9871000 vs 12565000 NOTE: 1986 earnings include a loss from discontinued operations of 1000000 dlrs or 10 cts a share in ... | GATX CORP <GMT> 3RD QTR NET |
Rising service payments on Kenyas three billion dlr external debt will absorb nearly all the 1.1 billion dlrs of foreign aid likely over the next four years President Daniel arap Moi said. While we expect to receive 18.3 billion Kenyan shillings in the form of external loans for our development programs in the next fou... | KENYA DEBT SERVICING TO ABSORB MOST AID - MOI |
LOTUS DEVELOPMENT CORP 3RD QTR SHR 42 CTS VS 21 CTS | |
Shr 38 cts vs 29 cts Net 21.3 mln vs 15.8 mln Revs 102.6 mln vs 66.8 mln Reuter | MICROSOFT CORP <MSFT.O> 1ST QTR NET |
GENCORP SAID IT ASKED THE FCC TO REVERSE REVOCATION OF ITS BROADCAST LICENSES | |
Shr 65 cts vs 10 cts Net 55960000 vs 8785000 Revs 588.2 mln vs 596.1 mln Avg shrs 85710000 vs 87987000 Nine mths Shr 1.24 dlrs vs 44 cts Net 106738000 vs 39055000 Revs 1.98 billion vs 2.24 billion Avg shrs 86320000 vs 88007000 NOTE: 1986 data restated for adoption of new accounting standard relating to pensions 1987 ni... | CMS ENERGY CORP <CMS> 3RD QTR NET |
Shamrock Capital LP said it has completed the sale of Cental Soya Co Inc to Ferruzzi Agricola Finanziaria the holding company for the Ferruzzi group of Ravenna Italy. Shamrock Capital is a limited partnership led by Shamrock Holdings Inc the Roy E. Disney family company. Under the agreement announced last month Ferruzz... | SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI |
Qtr ends Sept 25 Shr 75 cts vs 64 cts Net 2794000 vs 2363000 Revs 157.8 mln vs 138.4 mln NOTE: 1986 qtr figures exclude effect of 1986 tax reform act which retroactively reduced earnings from 64 cts to 56 cts per shr. Reuter | CURTICE BURNS FOODS INC <CBI> 1ST QTR NET |
PHELPS DODGE CORP 3RD QTR NET 58.2 MLN DLRS VS 19.4 MLN DLRS | |
CMS ENERGY CORP 3RD QTR SHR 65 CTS VS 10 CTS | |
Autolatina Volkswagen AG <VOWG.F> and Ford Motor Cos <F> Latin American joint venture was expected to make losses of 500 mln marks from Brazilian operations in 1987 VW spokesman Ortwin Witzel said. He could not comment on a report in the Frankfurter Rundschau daily that Ford might pull out of the venture set up i... | VW SAYS AUTOLATINA TO LOSE 500 MLN MARKS IN 1987 |
U.S. warships attacked and destroyed an Iranian oil platform on Monday in retaliation for Fridays Iranian attack damaging a U.S.-flagged ship U.S. Defense Secretary Caspar Weinberger said. When asked how much was left of the oil platform Weinberger said Nothing. There was no Iranian reaction he said. ... We consider th... | U.S. NAVAL FORCES ATTACK IRANIAN OIL PLATFORM |
Shr profit 10 cts vs profit eight cts Net profit 477853 vs profit 348384 Sales 17.7 mln vs 17.3 mln Nine mths Shr loss 35 cts vs profit 45 cts Net loss 1639216 vs profit 2305700 Sales 56.2 mln vs 57.1 mln Avg shrs 4698501 vs 5075717 NOTE: Earnings in the 2nd Qtr of 1987 were reduced by 3262000 dlrs or 69 cts a share fr... | LINDBERG CO <LIND.O> 3RD QTR NET |
Ogden Corp said its Ogden Martin System of Berks Inc subsidiary has signed a contract with Berks County Pa. to build own and operate a resource recovery plant designed to process 365000 tons per year of municipal solid waste. Ogden said 66 of the 75 municipalities in the county have signed letters of intent to be serve... | OGDEN <OG> SETS BERKS COUNTY WASTE FACILITY |
Shamrock Capital LP said it has completed the sale of Cental Soya Co Inc to Ferruzzi Agricola Finanziaria the holding company for the Ferruzzi group of Ravenna Italy. Shamrock Capital is a limited partnership led by Shamrock Holdings Inc the Roy E. Disney family company. Under the agreement announced last month Ferruzz... | SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI |
MICROSOFT CORP 1ST QTR SHR 38 CTS VS 29 CTS | |
CURTICE BURNS FOODS INC 1ST QTR SHR 75 CTS VS 64 CTS | |
WEINBERGER SAYS U.S. FORCES ATTACKED IRANIAN OIL PLATFORM | |
Cable and Wireless Plc <CAWL.L> said its subsidiary <Hong Kong Telephone Co Ltd> would cease to be a listed company following the restructure of the companys Hong Kong units. Earlier today the company announced that Hong Kong Telephone and Cable and Wireless Hong Kong in which the territorys government has a 20 p... | CABLE AND WIRELESS RESTRUCTURES H.K. UNITS |
Texaco Inc said it has been asked by a committee of shareholders about the possibility of the company paying a preferred stock dividend to shareholders. The company said the inquiry from the Equity Security Holders Committee outlines the committees ideas on how such a dividend might be paid. Texaco said it would explor... | TEXACO <TX> HOLDERS SEEK PREFERRED DIVIDEND |
Bank of France added money market liquidity at 7-3/4 pct - dealers | |
GAF Corp said the management group led by chairman Samuel J. Heyman intends to reconsider its proposal to acquire GAF. On September 8 the group offered 64.00 dlrs in cash and 2.50 dlrs principal amount of 15 pct junior subordinated debentures due 2007 for each GAF share. Heyman owns about 2700000 of GAFs 33.5 mln share... | GAF <GAF> GROUP RECONSIDERS BUYOUT BID |
SECURITY PACIFIC CORP 3RD QTR SHR 1.16 DLRS VS 1.09 DLRS | |
CALFED INC 3RD QTR SHR 1.99 DLRS VS 2.05 DLRS | |
Tandem Computers Inc said it has introduced an 84-gigabyte write-once read-many-times optical disk library subsystem called the 5200 Optical Storage Facility for use with Tandem NonStop computer systems VLX TXP NonStop II EXT25 and EXT10. The company said the facility contains two read/write disk drives a formatter and... | TANDEM <TDM> HAS OPTICAL DISK SUBSYSTEM |
South Koreas national news agency Yonhap said this years current account surplus will near 10 billion dlrs amid signs of continuing high world demand for the countrys cheap cars and electronic goods. Bank of Korea officials would neither confirm nor deny the Yonhap forecast saying only that the bank would issue its own... | S.KOREA CURRENT A/C SURPLUS SEEN NEAR 10 BLN DLRS |
Shr 30 cts vs 17 cts Shr diluted 30 cts vs 17 cts Net 3454000 vs 1546000 Sales 84.0 mln vs 59.2 mln Avg shrs 11.6 mln vs 8917000 Avg shrs diluted 11.7 mln vs 11.2 mln Nine mths Shr 91 cts vs 72 cts Shr diluted 90 cts vs 65 cts Net 10.5 mln vs 5959000 Sales 236.7 mln vs 168.9 mln Avg shrs 11.5 mln vs 8227000 Avg shrs di... | PLY GEM INDUSTRIES INC <PGI> 3RD QTR NET |
Unidentified jets attacked three Iranian oil rigs in the southern Gulf early on Monday setting at least one of them ablaze regional shipping sources said. Earlier today in Washington U.S. Television networks had reported that American forces launched a retaliatory strike against Iran late Sunday attacking two Iranian o... | AIRCRAFT ATTACK IRANIAN OIL RIGS IN SOUTHERN GULF |
Leading Belgian shares 15 pct down in hectic early trading - dealers | |
Deutsche Bank AG joint chief executive Friedrich Wilhelm Christians said he believed the Louvre accord on currency stability was still intact. Christians told a news conference he met U.S. Treasury Secretary James Baker in the last two weeks after short term German interest rates had risen twice. I am sure that with 1.... | DEUTSCHE BANK CHIEF SAYS LOUVRE PACT STILL INTACT |
GAF CORP SAID MANAGEMENT GROUP TO RECONSIDER ACQUISITION PROPOSAL | |
Shr 13 cts vs 12 cts Net 1612000 vs 1571000 Revs 28.8 mln vs 25.0 mln Avg shrs 12.8 mln vs 13.3 mln Reuter | EMULEX CORP <EMLX.O> 1ST QTR SEPT 27 NET |
Shr 18 cts vs 13 cts Net 5436000 vs 3888000 Sales 43.9 mln vs 31.5 mln Avg shrs 30145000 vs 28976000 Nine mths Shr 51 cts vs 38 cts Net 15320000 vs 11098000 Sales 123.6 mln vs 91.2 mln Avg shrs 30157000 vs 29046000 NOTE: Earnings adjusted for three-for-two stock split paid June 20 1986 Reuter | LYPHOMED INC <LMED.O> 3RD QTR NET |
Privately-held NeoRx Corp said it has entered into an exclusive agreement with Genentech Inc for the development of an injectable diagnostic to image blood clots. It said it Genentech will be responsible for marketing and NeoRx will receive royalties based on sales. The product will use a proprietary NeoRx method of at... | GENENTECH <GENE.O> IN IMAGING DRUG VENTURE |
Unidentified jets raided three Iranian oil rigs in the southern Gulf on Monday setting at least one of them ablaze regional shipping sources said. Reuter | AIRCRAFT ATTACK IRANIAN OIL RIGS IN SOUTHERN GULF |
Quantech Electronics Corp said its common stock will continue to be quoted on the NASDAQ system due to an exception from National Association of Securities Dealers capital and surplus requirements which it failed to meet as of August 31. The company said it believes it can meet conditions imposed by the NASD for the ex... | QUANTECH <QANT.O> GETS NASDAQ EXCEPTION |
SHIPPING SOURCES SAY UNIDENTIFIED JETS RAID IRANIAN OIL PLATFORMS IN SOUTHERN GULF | |
Unidentified jets raid Iranian oil platforms in southern Gulf - shipping sources | |
Saudi Arabia is likely to remain the key supplier of liquefied petroleum gas (LPG) to Japan for at least the next five years oil industry sources said. Japan while diversifying its supply sources of propane and butane for stable supplies will continue to bank on Saudi Arabian LPG the sources said. They said Saudis supp... | SAUDI TO REMAIN AS KEY LPG SUPPLIER TO JAPAN |
<Bechtel Corp> said it has formed a joint venture with Control Resource Industries Inc called Bechtel-Control Asbestos Management Inc to perform large-scale asbestos abatement projects. Reuter | BECHTEL, CONTROL RESOURCE <CRIX.O> IN VENTURE |
Shr loss nine cts vs loss 12 cts Net loss 649000 vs loss 850000 Revs 5059000 vs 4084000 Avg shrs 7041000 vs 6900000 NOTE: Current year net includes charge 152000 dlrs from amortization of previously capitalized software costs. Capitalized product development costs 276000 dlrs vs 640000 dlrs. Reuter | INTELLICORP <INAI.O> 1ST QTR SEPT 30 LOSS |
Shr 36 cts vs 36 cts Shr diluted 34 cts vs 31 cts Net 1679000 vs 1418000 Sales 147.2 mln vs 121.5 mln Avg shrs 4608000 vs 3963000 Avg shrs diluted 5585000 vs 5463000 Nine mths Shr 1.04 dlrs vs 86 cts Shr diluted 93 cts vs 77 cts Net 4387000 vs 3393000 Sales 420.3 mln vs 338.7 mln Avg shrs 4233000 vs 3948000 Avg shrs di... | OWENS AND MINOR INC <OBOD.O> 3RD QTR NET |
Shr 52 cts vs 43 cts Net 17.7 mln vs 14.2 mln Sales 413.1 mln vs 361.6 mln Avg shrs 34.3 mln vs 30.3 mln Nine mths Oper shr 1.58 dlrs vs 66 cts Oper net 53.9 mln vs 26.7 mln Sales 1.22 billion vs 1.08 billion Avg shrs 33.5 mln vs 35.2 mln NOTE: 1986 nine mths net includes 20.6 mln dlr provision for restructuring but ex... | TRINOVA CORP <TNV> 3RD QTR NET |
The thriving market in Luxembourg franc bond issues has been temporarily stalled by the Belgian government crisis which has put the franc under pressure and forced up interest rates banking sources said. On Monday King Baudouin accepted the resignation of Belgian Prime Minister Wilfried Martens coalition and asked him ... | LUX FRANC BOND MARKET STALLED BY BELGIAN CRISIS |
U.S. television networks said on Monday that U.S. forces launched a retaliatory strike against Iran late Sunday apparently attacking two Iranian offshore oil drilling platforms. NBC News said it understood six Iranians had been pulled from the sea. It said cautiously that U.S. forces attacked late Sunday and that two I... | NBC NEWS SAYS U.S. HAS RETALIATED AGAINST IRAN |
Thai traders plan to establish a company to regulate maize forward trading in what could be a first step towards a commodities futures exchange maize dealers said. Traders and Internal Trade Department officials agreed last week to commission a study on a structure to regulate maize forward trading and to set up a comp... | THAI TRADERS PLAN MAIZE FUTURES MARKET |
U.S. TELELVISION NETWORKS SAY THE U.S. LAUNCHED A STRIKE AGAINST IRAN | |
TRINOVA CORP 3RD QTR SHR 52 CTS VS 43 CTS | |
Bundesbank buys 11.7 mln dlrs as dollar fixed lower at 1.7740 marks | |
The Reserve Bank of India said it was tightening its credit policy for commercial banks by raising their cash reserve ratio by 0.5 pct to 10 pct effective from October 24. The move announced last weekend is part of the banks policy for the second half of fiscal 1987/88 ending March and is aimed at curbing excess bank l... | INDIAN RESERVE BANK TIGHTENS CREDIT POLICY |
Malaysian police denied rumours of race riots in Kuala Lumpur after an armed man killed one person and injured two others in an attack on two petrol stations in a racially-sensitive area of the city. A police statement broadcast over official Radio Malaysia called on the public not to listen to the rumours and go about... | MALAYSIAN POLICE DENY RACE RIOT RUMOURS |
French bourse main session 7.25 pct down in early trading - dealers | |
Puma AG Rudolf Dassler Sport <PUMA.F> said it posted a 1987 first-half group loss of about 14 mln marks of which the largest portion was in the U.S. Managing board chairman Armin Dassler told the annual shareholders meeting parent company turnover was expected to fall to 650 mln marks over the whole year from 698.4 ... | PUMA FIRST-HALF LOSS ABOUT 14 MLN MARKS |
A U.S. Defense Department spokesman said he had no information on London oil and stock market rumors that the United States had launched a retaliatory strike against Iran for an attack on Friday that damaged a U.S. shi I dont have anything Major Randy Morger said. I have no information at all. President Reagan said on ... | PENTAGON HAS NO INFORMATION ON IRAN ATTACK RUMORS |
South Yemen is planning a major oil pipeline system to be completed in 18-months time to start exports at a initial rate of 100000 barrels per day (bpd) the Middle East Economic Survey (MEES) said. MEES said government approval for the export pipeline followed a visit to Aden by a high ranking delegation from the Sovie... | SOUTH YEMEN PLANS OIL EXPORT PIPELINE - MEES |
Trafalgar House Plc <TRAF.L> said it has acquired the entire share capital of <Capital Homes Inc> of the U.S. For 20 mln dlrs in cash. Capital Homes builds single family homes in the Washington D.C. Area and is also active as a land developer both for its own use and for sale to other builders. In the financial y... | TRAFALGAR HOUSE BUYS U.S. BUILDER FOR 20 MLN DLRS |
Sprint II a special purpose corporation based in the Cayman Islands is issuing 35 mln dlrs of floating rate bonds due November 6 1992 and priced at 100.10 said Fuji International finance Ltd as lead manager. The bonds are backed by a pool of 48.7 mln dlrs of Japanese ex-warrant bonds. The bonds are priced to yield 20 b... | SPRINT II ISSUES 35 MLN DLR REPACKAGED FLOATER |
French main session bourse opening delayed 15 minutes by order volume - dealers | |
Kuwaits oil exports have not been affected by the seven-year Iran-Iraq war Kuwait Oil Tanker Company (KOTC) Chairman and Managing Director Abdul Fattah al-Bader told a Kuwaiti newspaper. Kuwait has exploited all available opportunities to continue exporting its oil without any reduction the Al-Anbaa newspaper quoted hi... | KUWAITI OIL EXPORTS SAID NOT AFFECTED BY GULF WAR |
Toyota Motor Corp <TOYO.T> and Volkswagen AG <VOWG.F> are considering raising the local procurement rate at their West German joint venture to at least 60 pct from an earlier planned 50 pct after one years output a Toyota spokesman said. The two carmakers agreed last June to start jointly producing a Toyota-desig... | TOYOTA, VW CONSIDER UPPING JOINT PROCUREMENT RATE |
Karl Otto Poehl head of West Germanys central bank and Finance Minister Gerhard Stoltenberg are normally so much in agreement that some foreigners doubt the central banks independence. But a rare public row between the ebullient Poehl president of the Bundesbank and Stoltenberg over a controversial investment tax propo... | GERMAN FINANCIAL POLICY MAKERS IN RARE DISSENSION |
Fletcher Challenge Ltd <FLTC.WE> (FCL) announced a striking price of 5.89 N.Z. Dlrs a share for shareholders who have elected to receive bonus shares under its dividend reinvestment plan. It said in a statement the price was determined by taking 90 pct of the weighted average prices of ordinary shares sold on the Ne... | FLETCHER CHALLENGE SETS PRICE FOR BONUS SHARES |
Venezuelan Central Bank President Hernan Anzola has submitted his resignation and asked President Jaime Lusinchi to transfer him to a post in the oil industry two leading Venezuelan newspapers reported. The El Universal and El Nacional papers said Anzola would leave his position soon. Lusinchi already has decided on hi... | PAPERS SAY VENEZUELAN CENTRAL BANK CHIEF TO RESIGN |
Bundesbank adds money market liquidity at 3.70-3.80 pct -dealers | |
French Finance Minister Edouard Balladur issued a firm call for the continued faithful application of the Louvre accords on currency stability by all major industrial countries. Balladur responding to weekend remarks by U.S. Treasury Secretary James Baker that the U.S. Would take another look at the accords said I firm... | BALLADUR INSISTS ON MAINTENANCE OF LOUVRE ACCORDS |
<Hyundai Auto Canada Inc> a unit of South Koreas Hyundai Motor Co <HYUN.SE> is expected to award Chemical Asia Ltd a mandate later this week to arrange a 100 mln U.S. Dlr loan banking sources said. The nine-year loan will carry interest of 1/4 point over the London interbank offered rate. No other details were av... | HYUNDAI AUTO CANADA TO RAISE 100 MLN DLR LOAN |
King Baudouin is expected to accept the resignation of Belgian Prime Minister Wilfried Martenss centre-right coalition government after last-ditch talks failed to solve a language row state-run RTBF radio said. The King could ask Martens or another political leader to put together a new government or to form a caretake... | BELGIAN KING SEEN ACCEPTING GOVERNMENT RESIGNATION |
<Williams Holdings Plc> said it has mandated Barclays de Zoete Wedd Ltd to arrange a 100 mln stg multiple option facility on a committed basis. The facility will be fully underwritten and have a maturity of five years which can be extended by the borrower under an evergreen option. The facility will also include a t... | WILLIAMS HOLDINGS SEEKS MULTIPLE FACILITY |
The main road between Kampala and the Kenya border Ugandas most important trade artery reopened to civilian traffic on Saturday after rebels who closed it on Friday disappeared back into the bush travellers said. The governments National Resistance Army (NRA) closed the road on Friday after the rebel Holy Spirit Moveme... | MAIN UGANDA-KENYA ROAD REOPENS AS REBELS DISPERSE |
Iran warned the United States on Monday against exacerbating the Gulf crisis saying it would endanger American interests. Tehran Radio monitored by the British Broadcasting Corporation said a spokesman for Irans War Information Headquarters was responding to U.S. Officials remarks about taking military action against I... | IRAN WARNS U.S. AGAINST RAISING TENSION IN GULF |
Leading German shares open roughly eight pct lower on Frankfurt bourse - dealers | |
Norways current account showed a 9.9 billion crown deficit for the first seven months of 1987 against a 19.7 billion crown deficit for the same year-ago period the Central Bureau of Statistics said. North Sea oil and gas revenues rose 3.4 pct to 32.6 billion crowns in the January to July period compared with 31.5 billi... | NORWAY'S CURRENT ACCOUNT IN DEFICIT |
Paribas shares slump 12 pct to 363.30 francs on Paris bourse - dealers | |
The West German Finance Ministry declined to comment on weekend criticism by U.S. Treasury Secretary James Baker of recent West German interest rate increases. Baker said the U.S. Would re-examine the February Louvre Accord to stabilise currencies reached by leading industrial democracies. The rise in West Germany shor... | BONN MINISTRY HAS NO COMMENT ON BAKER REMARKS |
<Raffles City Pte Ltd> said it signed a 10 year note issuance facility (NIF) on Monday to raise 500 mln Singapore dlrs. Proceeds of the issue would enable Raffles City to tap cheaper funds from the market to refinance its existing borrowings a press statement said. The NIF is lead managed by two major local banks th... | SINGAPORE'S RAFFLES CITY SIGNS 500 MLN DLR NIF |
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