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Agriculture Secretary Richard Lyng said the export enhancement program (eep) could be funded from the Commodity Credit Corporation (CCC) if the one billion dlrs appropriated for export bonus by Congress is exhausted. Lyng told reporters lack of funding should not be a constraint on the program because USDA has the auth... | LYNG SAYS EXPORT BONUS COULD BE FUNDED FROM CCC |
Cyacq Corp said it extended its 80 dlr a share tender offer for Cyclops Corp to March 20 from today. Cyacq was formed by Citicorp Capital Investors Ltd and Audio Video Affiliates INc <AVA> to acquire Cyclops. THe tender offer began on February six. The offer is conditioned upon at least 80 pct of the outstanding sha... | CYACQ EXTENDS TENDER FOR CYCLOPS <CYL> |
Standard and Poors Corp said it cut to CCC from B-minus International Rectifier Corps 58 mln dlrs of convertible subordinated debentures due 2010. The companys implied senior debt rating is B-minus. S and P said the downgrade reflected expectations of restricted financial flexibility through at least the intermediate t... | INT'L RECTIFIER <IRF> DEBT DOWNGRADED BY S/P |
Continental Airlines Inc a unit of Texas Air Corp said it filed a registration statement with the Securities and Exchange Commission relating to 100 mln dlrs principal amount of Senior Notes due 1997 guaranteed by Texas Air Corp. Interest will be payable March 15 and September 15 beginning September 15 1987. Proceeds w... | CONTINENTAL AIRLINES FILES FOR NOTE OFFERING |
<Newfoundland Capital Corp Ltd> said it will issue 25 mln dlrs principal amount of eight pct convertible subordinated debentures. Underwriter is Loewen Ondaatje McCutcheon and Co Ltd. Net proceeds will be used for working capital the company said. Reuter | NEWFOUNDLAND CAPITAL TO ISSUE DEBENTURES |
The Semiconductor Industry Association said the February three-month average book-to-bill ratio was 1.13 pct compared to a revised 1.12 pct in January. The January figure was revised from the 1.11 pct reported last month. In its monthly survey of U.S. European and Japanese semiconductor makers the association said aver... | SEMICONDUCTOR FEBRUARY BOOK-TO-BILL RATIO 1.13 |
<Mono Gold Mines Inc> said <NIM and Co Ltd> Partnership agreed to buy flow-through shares with an aggregate purchase price of up to 300000 dlrs. It said subject to fulfillment of certain conditions the price of the shares to NIM will be 79.6 cts per share and said it will issue 376955 shares to the partnership. M... | MONO GOLD SAYS PARTNERSHIP AGREES TO BUY SHARES |
Qtly div 22 cts vs 20 cts prior payable March 27 Record March 18 Reuter | USLICO CORP <USVC> INCREASES DIVIDEND |
USAIR GROUP REQUESTS TRANSPORTATION DEPARTMENT ORDER TWA TO DIVEST STAKE | |
Roger King chairman of King World Productions Inc faces charges of cocaine possession auto theft and strong-arm robbery stemming from his arrest in Fort Lauderdale Fla. last month police said. The report of Kings legal problems sent the stock of his company -- a syndicator of some of televisions most popular talk and g... | CHAIRMAN OF KING WORLD <KWP> FACES CHARGES |
Minstar Inc said Kenneth J. Severinson was named president and chief operating officer to succeed Irwin L. Jacobs. Jacobs remains chairman and chief executive officer of the company. Severinson has most recently worked as president of Minstars energy services group. Reuter | JACOBS REPLACED AS MINSTAR <MNST> PRESIDENT |
Diplomat Electronics Corp said it will reduce expenses by four mln dlrs a year in an effort to stem losses and return to a positive net worth. The company also said certain lenders agreed to take a 24 pct stake in the company by converting seven mln dlrs of debt into preferred stock. Diplomat said it will cut costs by ... | DIPLOMAT ELECTRONICS <DPEC> TO CUT COSTS |
Canadas ruling in favor of a duty on U.S. corn was a keen disappointment to the National Corn Growers Association and has set a dangerous precedent for other nations to follow said Mike Hall lobbyist for the association. The French corn growers will clearly charge ahead now and just change corn to corn gluten feed in t... | U.S. CORN GROWERS BLAST CANADA CORN RULING |
AIRCOA said it formed AIRCOA Hotel Partners LP a limited partnership formed to acquire and operate hotel and resort properties. AIRCOA said it holds a one pct general partner interest in the partnership. The remaining 99 pct interest is held by AIRCOA affiliates it said. AIRCOA said it plans to file a registration stat... | AIRCOA <AIRC> FORMS LIMITED PARTNERSHIP |
Qtly div five cts vs five cts prior Payable April three Reocrd March 20 Reuter | DOLLAR GENERAL CORP <DOLR> QTLY DIVIDEND |
Healthcare Services Of America Inc said it will write off about 16 mln dlrs in non-recurring expenses in 1986. It also said it expects income from operations to be about breakeven for 1986 and the estimated loss for the year to be about the same as the writeoffs. Results will be released by March 31 1987. Included in t... | HEALTHCARE SERVICES <HSAI> SEES WRITE-OFFS |
USAir Group said it sought the help of the U.S. Department of Transportation in its takeover fight with Trans World Airlines Inc asking the Department to order TWA to sell its USAir shares. What they have done is in direct violation of the Federal Aviation Act USAir said. It said TWA week filed a cursory application wi... | USAIR <U> SEEKS ORDER AGAINST TWA <TWA> |
Shr loss 52 cts vs profit 1.07 dlr Net loss 2917000 vs profit 5963000 Revs 34.1 mln vs 40.3 mln Year Shr loss 1.39 dlr vs profit 1.24 dlr Net loss 7749000 vs profit 6946000 Revs 138.6 mln vs 186.2 mln NOTE: 1986 net includes certain non-recurring charges of about 5506000 dlrs for a number of items. 1985 4th qtr and yr ... | PARK-OHIO INDUSTRIES INC <PKOH> 4TH QTR NET |
Shr loss 1.20 dlrs vs loss 1.97 dlrs Net loss 6248000 vs loss 10.2 mln Revs 33.1 mln vs not given Year Shr loss 1.25 dlrs vs loss 13.44 dlrs Net loss 6508000 vs loss 69.6 mln Revs 123.4 mln vs not given NOTE: Results include charges of five mln dlrs or 96 cts shr for 1986 qtr and year compared with charge of 72.2 mln d... | BMC INDUSTRIES INC <BMC> 4TH QTR LOSS |
United Companies Financial Corp said its board declared a two pct stock dividend payable APril eight to holders of record March 17. The board also declared a regular quarterly cash dividend of 12.5 cts payable April one to holders of record March 16. Reuter | UNITED COMPANIES <UNCF> DECLARES STOCK DIVIDEND |
<Steinberg Inc> said it has affiliated the first two independent grocers in the Montreal area to the Steinberg banner. It said it plans to announce shortly affiliations with independent grocers. Reuter | STEINBERG SIGNS UP INDEPENDENT GROCERS |
An American Farm Bureau Federation (AFBF) official said that far from hurting Canadian corn producers U.S. farm programs benefit all foreign producers. AFBF president Dean Kleckner made the comments in response to the ruling earlier today by the Canadian Import Tribunal that subsidized U.S. corn imports were injurious ... | U.S. FARM PROGRAMS HELP CANADIAN CORN PRODUCERS |
The U.N. Centre on Transnational Corporations has issued a report containing guidelines and recommendations for negotiating natural gas clauses in agreements between transnational petroleum corporations and host countries. The U.N. said the report was aimed at promoting petroleum exploration in areas perceived as being... | U.N. ISSUES REPORT ON NATURAL GAS CLAUSES |
A proposed buyout of Taft Broadcasting Co by Dudley Taft and other investors includes a plan to sell the companys Entertainment Group according to one of the investors. Jonathan Nelson managing director of Narragansett Capital Corp <NARR> which is participating in the buyout plan declined to say if buyers have alrea... | TAFT<TFB> BIDDERS WOULD SELL ENTERTAINMENT UNIT |
Higher oil prices and stronger than expected U.S. employment growth led to sharp losses in U.S. interest rate futures and diminished what had been a positive chart outlook financial analysts said. The increase of 319000 in non-farm payroll employment during February was above market expectations for a rise of 170000 to... | POSITIVE OUTLOOK TEMPERED IN U.S. DEBT FUTURES |
Sandoz Corps Northrup King Co said it bought Stauffer Seeds a unit of Stauffer Chemical Co. Terms were not disclosed. Reuter | SANDOX BUYS STAUFFER SEEDS |
Energen Corp said it has acquired the distribution system of the City of Clanton Ala. for about 1.2 mln dlrs. The 1800 customer system is the fourth municipal system acquired by Energens Alabama Gas subsidiary since October 1986 adding a total of 9600 customers. Reuter | ENERGEN <EGN> BUYS MUNICIPAL GAS SYSTEM |
Qtly div 43 cts vs 43 cts prior Payable May one Record April 15 Reuter | SIERRA PACIFIC RESOURCES INC <SRP> DIVIDEND |
Shr 22 cts vs 49 cts Net 296994 vs 657416 Revs 6.5 mln vs 9.5 mln Year Shr 78 cts vs 1.51 dlrs Net 1.0 mln vs 2.0 mln Revs 27.6 mln vs 29.4 mln Reuter | METEX CORP <MTX> 4TH QTR DEC 28 |
Houston Oil Trust said there will be no cash distribution to the unit holders in March. The most significant factor for the lack of a distribution this month is the establishment of additional special cost escrow accounts the company said adding that there may be no cash distribution in other months or during the remai... | HOUSTON OIL TRUST <HO> OMITS MARCH DISTRIBUTION |
First Boston Corp said it is selling 150 mln dlrs of deposit notes due 1992 that it bought from Mellon Bank NA a unit of Mellon Bank Corp. First Boston is offering the notes to the public with a 7.45 pct coupon and par pricing. That is 73 basis points more than the yield of comparable Treasury securities. The issue has... | CORRECTED - MELLON <MEL> UNIT'S NOTES |
Puget Sound Power and Light Co said its board authorized the redemption on April 20 of the outstanding principal amount of 94.7 mln dlrs of first mortgage bonds. The issues included are 29.7 mln dlrs of 9-1/2 pct series due 2000 at the regular redemption price of 104.4 pct 51.74 mln dlrs of the 9-7/8 pct series due 200... | PUGET SOUND POWER <PSD> REDEEMS MORTGAGE BONDS |
Monoclonal Antibodies Inc said it signed an agreement in principle to buy <Genesis Labs Inc> for about 10 mln dlrs of common stock. The agreement is subject to shareholders approval and other conditions. Reuter | MONOCLONAL ANTIBODIES <MABS> BUYS COMPANY |
<Sono-Tek Corp> said it began an initial public offering of 400000 shares at a price of five dlrs per share. Proceeds will be used to repay debt product development expansion of facilities and working capital. Reuter | SONO-TEK IN INITIAL OFFERING |
Standard and Poors Corp said it cut the ratings of Atlantic City Electric Co. About 500 mln dlrs of long-term debt and 66 mln dlrs of preferred is outstanding. S/P said prior ratings reflected anticipation of a significant improvement in financial condition following the completion of the Hope Creek nuclear unit and re... | ATLANTIC CITY ELECTRIC <ATE> DEBT LOWERED BY S/P |
The Treasury proposed allowing temporary imports of South African uranium ore and uranium oxide until July 1 under certain conditions pending clarification of anti-apartheid laws passed by Congress last fall. The proposal to be published in the Federal Register next week requests written congressional and public commen... | U.S. TREASURY PROPOSES SOME S. AFRICAN IMPORTS |
BMC Industries Inc said its West German subsidiary has received a contract valued at about eight mln dlrs from the Soviet Union to supply engineering and manufacturing services to build a television parts plant. The companys Precision Etched Products unit in Muellheim West Germany signed the contract to provide service... | BMC INDUSTRIES <BMC> UNIT GETS SOVIET CONTRACT |
Shr loss 37 cts vs loss 13 cts Net loss 4.5 mln vs loss 1.5 mln Revs 63.3 mln vs 53.8 mln Year Shr loss 74 cts vs profit 1.87 dlr Net loss 9.0 mln vs profit 23.0 mln Revs 239.5 mln vs 244.3 mln NOTE:1986 net includes extraordinary gain of 10.6 mln dlrs from tax loss carryforward in year and loss of 198000 dlrs in 4th q... | BRANIFF INC <BAIR> 4TH QTR LOSS JAN 31 |
JUSTICE DEPT. SUPPORTS DISMISSAL OF TWA APPLICATION FOR USAIR CONTROL | |
TRANSPORTATION DEPARTMENT DISMISSES TWA APPLICATION FOR USAIR CONTROL | |
Southwestern Bell Corp said it will file revisions with the public Utility Commission for its Dial 976 Information Delivery Service. The service available in four Texas cities since November 1986 allows customers to access sponsor-provided messages by dialing numbers that begin with 976. Southwestern Bell said customer... | SOUTWESTERN BELL <SBC> TO FILE REVISIONS |
The U.S. Treasury proposed allowing temporary imports of South African uranium ore and uranium oxide until July 1 under certain conditions pending clarification of anti-apartheid laws passed by Congress last fall. The Treasury said it proposed allowing the temporary imports because it felt Congress had not intended whe... | U.S. TREASURY PROPOSES S.AFRICAN URANIUM IMPORTS |
Biomed Research Inc said its transfer agent First security Bank of Utah will not continue to act as transfer agent for the company due to nonpayment of fees. Since Biomed does not have sufficient funds to pay the transfer agent the company urges against any purchases or sales until further notice. Reuter | BIOMED RESEARCH LOSES TRANSFER AGENT |
At least 26 people died when a car ferry struck a pier as it left Belgium for Britain a nurse who took part in the rescue operation said. Jan Van Moerbeke a male nurse said on coming off the Herald of Free Enterprise that he had found six people on top of the vessel who were dead. There were at least another 20 dead in... | 26 REPORTED DEAD IN FERRY DISASTER |
Continental Federal Savings and Loan Association said it was told that an estate holding 38 pct of its stock plans to sell its stake at a premium over the current stock price. Continental said the estate of Harold Vernon and certain parties have signed a letter of intent to sell the stock for 12.25 dlrs a share for a t... | CONTINENTAL FEDERAL <CONF> HOLDER TO SELL STAKE |
Brokers Choice Capital Inc said it signed a letter of intent to buy Rubbertech Inc. If approved by shareholders Brokers Choice will issue about 71 mln shares of authorized but unissued shares of restricted common stock to Rubbertech Inc. Reuter | BROKER'S CHOICE TO BUY RUBBERTECH |
A government official said that a decision by Brazil not to import maize because it forecast a record harvest would not affect Argentinas exports. We have heard nothing about this but if Brazil has decided not to import maize that is no problem for us as it is not one of our main customers Agriculture Livestock and Fis... | ARGENTINA UNAFFECTED BY BRAZIL'S MAIZE DECISION |
The U.S. Department of Transportation (DOT) said it dismissed on technical grounds an application by Trans World Airlines Inc for DOT approval for it to take control of USAir Group. The DOT added however that TWA was free to refile when it could put together an application for control that met the agencys procedural re... | DOT DISMISSES TWA <TWA>, USAIR <U> APPLICATION |
TWA SAID IT WILL REFILE APPLICATION MONDAY WITH DOT | |
Transworld Airlines Inc plans to refile an application Monday with the Department of Transportation for approval to acquire USAir Group <U>. The DOT late today dismissed TWAs application to acquire USAir. When the DOT opens for business on Monday morning we will be refiling a perfected and completed section 408 appl... | TWA <TWA> TO REFILE WITH U.S. AGENCY |
The Justice Department told the Transportation Department it supported a request by USAir Group that the DOT dismiss an application by Trans World Airlines Inc for approval to take control of USAir. Our rationale is that we reviewed the application for control filed by TWA with the DOT and ascertained that it did not c... | JUSTICE ASKS U.S. DISMISSAL OF TWA (TWA) FILING |
The Hong Kong Association of Banks said it decided to leave interest rates unchanged at todays regular weekly meeting. Current rates are 1-3/4 pct for savings accounts 24-hours seven-day call one-week and two-weeks. One-month is 2-1/4 pct two-months 2-1/2 pct three- and six-months are both three pct nine-months 3-1/4 p... | HONG KONG BANKS LEAVE INTEREST RATES UNCHANGED |
The Federal Home Loan Bank Board (FHLBB) announced the acquisiton of South Bay Savings & Loan Association in Gardena Calif. By Standard Pacific Savings of Costa Mesa Calif. The FHLBB said South Bay had assets of 62.5 mln dlrs and Standard Pacific had 312.8 mln dlrs in assets. It was the fourth federally-assisted me... | SAVINGS ACUISITION IN CALIFORNIA ANNOUNCED |
Colombia denied having sold 440000 60-kg bags of old crop coffee below current market prices to clients in Europe and Asia. A spokesman for the National Coffee Growers Federation commenting on rumours which had circulated in market circles said these were false. REUTER | COLOMBIA DENIES SELLING COFFEE BELOW MARKET |
About 200 people are feared dead after a British cross-channel ferry rolled on its side off the Belgian coast last night -- but almost 350 passengers were plucked to safety from the ice-cold sea. Belgian Transport Minister Herman de Croo told reporters: I fear the dead could be in hundreds perhaps 200. Given the state ... | TWO HUNDRED FEARED DEAD IN FERRY DISASTER |
Malaysias central bank said it acquired a 59.2 pct stake in ailing <United Asian Bank Bhd> (UAB) the sixth largest commercial bank in the country to rebuild public confidence in it. UAB called for a rights issue last November to raise 152.49 mln ringgit to rectify its capital deficiency following an accumulated loss... | MALAYSIA BAILS OUT ANOTHER COMMERCIAL BANK |
OPEC member Ecuador adopted austerity measures to conserve fuel after oil production was paralyzed by a strong earthquake. Energy and Mines Minister Javier Espinosa announced on television the country would cut domestic fuel sales by 30 pct. A ministry statement had earlier announced indefinite suspension of crude oil ... | ECUADOR ADOPTS AUSTERITY MEASURES AFTER QUAKE |
Fading hope for passengers trapped aboard a partially-sunk Channel ferry raised fears the accident could rank among this centuries worst peacetime shipping tragedies. Belgian Transport Minister Herman de Croo said there was no hope of rescuing any of about 220 passengers trapped in the Herald of Free Enterprise after i... | FERRY DISASTER MAY RANK AMONG WORST TRAGEDIES |
There are no more survivors from a British cross-Channel ferry disaster off the Belgian coast and almost 200 people seem certain to have perished a senior Belgian official said. Jacques Thas in charge of rescue for the Herald of Free Enterprise said his men had searched all of the ship except some inaccessible cabins a... | ALMOST 200 DEAD IN FERRY DISASTER |
Shr 3.9 cents vs 4.2 cents Interim dividend three cents vs same Group net 35.8 mln ringgit vs 39.1 mln Pre-tax 77.3 mln vs 99.8 mln Turnover 1.16 billion vs 1.05 billion Note - dividend pay May 22 register April 24. REUTER | <SIME DARBY BHD> SIX MONTHS TO DECEMBER 31 |
Six months to December 31 SHR 2.6 cents vs 5.2 cents Interim dividend four cents vs same Group net 12.4 mln ringgit vs 24.3 mln Pre-tax 26.6 mln vs 53.5 mln Turnover 235.3 mln vs 333.9 mln Note - dividend pay April 30 register April 3. REUTER | <CONSOLIDATED PLANTATIONS BHD> |
Six months to December 31 SHR 8.8 cts vs 0.5 ct Interim dividend 12.5 cts vs nil Group net 9.5 mln ringgit vs 0.6 mln Pre-tax 11 mln vs 1.1 mln Turnover 88.9 mln vs 70.8 mln Note - dividend pay May 15 register April 17. REUTER | <TRACTORS MALAYSIA HOLDINGS BHD> |
Six months to December 31 SHR 1.4 cts vs 1.6 cts Interim dividend one cent vs same Group net 4.1 mln ringgit vs 4.7 mln Pre-tax 6.7 mln vs nine mln Turnover 100.8 mln vs 112.1 mln Note - dividend pay April 28 register April 3. REUTER | <DUNLOP MALAYSIAN INDUSTRIES BHD> |
Bangladeshs sugar production increased by nearly 60000 tonnes over last years season to total 140000 tonnes at the end of this years season the Sugar and Food Industries Corp said. The increased output will enable Bangladesh to cut imports. Corporation officials told Reuters the country has already imported 37000 tonne... | BANGLADESH SUGAR PRODUCTION ALMOST DOUBLES |
Senior officials in the West German coalition government said tax cuts planned for next year would be increased by 5.2 billion marks in line with a pledge made by Finance Minister Gerhard Stoltenberg at last months international monetary conference in Paris. Gerold Tandler General Secretary of the Christian Social Unio... | GERMAN 1988 TAX CUTS RAISED BY 5.2 BILLION MARKS |
The yield on 30-day bankers security deposit accounts issued this week by the Saudi Arabian Monetary Agency (SAMA) fell to 5.84073 pct from 6.21950 last Saturday bankers said. SAMA increased the offer price on the 900 mln riyal issue to 99.51563 from 99.48438. One-month interbank riyal deposits were quoted today at 6-1... | YIELD FALLS ON 30-DAY SAMA DEPOSITS |
Police and security forces entered the Golden Temple in Amritsar after six people including four policemen were wounded in a shooting incident in the complex police said. Police in Chandigarh capital of Punjab state said about 300 men entered the complex after a party of plainclothes police were fired on apparently by ... | SIX HURT IN SHOOTING AT SIKH TEMPLE IN AMRITSAR |
As a British government investigation got under way into the sinking of the car ferry Herald of Free Enterprise with heavy loss of life experts said doubts had already been expressed about the roll-on roll-off type of ship. Shipping minister Lord Brabazon said a preliminary investigation had started into why the 7951 t... | EXPERTS HAD EXPRESSED FEARS OVER RO-RO SAFETY |
The World Bank approved a 100-mln-dlr 20-year loan to help modernise the machine tool industry in Shanghai the New China News Agency said. It quoted a World Bank press release in Shanghai as saying that the loan would help modernise 18 plants and research institutes owned by the Shanghai Machine Tool Works and the Shan... | WORLD BANK LENDS TO CHINA'S MACHINE TOOL INDUSTRY |
Turkey oil pipeline near the southern town of Adana after it was cut by a landslide the Hurriyet and Anatolian news agencies said. Little oil was lost in the landslide Friday night because taps on the one mln bpd line were switched off after the accident they said. The pipeline which carries oil for Turkey and other cu... | IRAQ-TURKEY OIL PIPELINE CUT BY LANDSLIDE |
Hundreds of marines were on alert at 11 key Brazilian ports after 40000 seamen decided to remain on indefinite strike even after the Higher Labour Court yesterday ruled it illegal union leaders said. The halt the first national strike by seamen in 25 years started on February 27 and union leaders said they would not re... | BRAZIL SEAMEN CONTINUE STRIKE AFTER COURT DECISION |
Indonesias Armed Forces Commander General Benny Murdani said warnings about an extremist threat to the countrys forthcoming elections do not mean the security situation has deteriorated. He was quoted in todays edition of the armed forces newspaper Harian AB as saying the warnings were only an appeal for vigilance ahea... | INDONESIA SAID TO BE STABLE AHEAD OF ELECTIONS |
The suspension of Ecuadors crude oil shipments after an earthquake cut an oil pipeline will last at least four months a senior Energy Ministry official said. The official said Ecuador could resume exports after repairing a 40 km section of the 510 km pipeline which links jungle oil fields at Lago Agrio to Balao on the ... | ECUADOR TO EXPORT NO OIL FOR FOUR MONTHS, OFFICIAL |
Any European Community decision to liberalise farm trade policy would hurt Thailands tapioca industry said Ammar Siamwalla an agro-economist at the Thailand Development Research Institute (TDRI). He told a weekend trade seminar here that any EC move to cut tariff protection for EC grains would make many crops more comp... | EC FARM LIBERALISATION SEEN HURTING THAI TAPIOCA |
China has raised the prices it pays farmers for cotton edible oil sugar cane and beets to reverse a decline in output in 1986 He Kang Minister of Agriculture Animal Husbandry and Fisheries said. The China Daily quoted He as saying China should adopt intensive farming to increase per hectare output and improve crop qual... | CHINA RAISES CROP PRICES TO INCREASE OUTPUT |
Australia sold 180000 tonnes of raw sugar to the Soviet Union for shipment in the next few weeks Queensland Primary Industries Minister Neville Harper said. Loading of a 50000-tonne cargo on the Soviet freighter Nikolay Kuznetsov for shipment to Odessa was completed today at the Lucinda terminal he said in a statement.... | AUSTRALIA SELLS 180,000 TONNES OF SUGAR TO USSR |
Thai natural rubber exports rose to 763331 tonnes in 1986 from 689964 a year earlier the private Board of Trade said. Japan the biggest buyer imported 384622 tonnes of Thai rubber in 1986 up from 348855 the previous year it said. Other major buyers were the U.S. At 86383 tonnes up from 81629 in 1985 China 69952 (60296)... | THAI NATURAL RUBBER EXPORTS RISE IN 1986 |
Australian beef output declined to 104353 tonnes carcass weight in January from 112262 in December and 105715 a year earlier the Statistics Bureau said. This followed a decline in the cattle slaughter to 472900 head from 509500 in December and 478800 in January 1986 the bureau said. But cumulative beef output for the f... | AUSTRALIAN BEEF OUTPUT DECLINES IN JANUARY |
Increased federal government borrowing needs and a growing unwillingness by foreign investors to buy mark assets could push yields in German public authority bonds higher this year bond market sources say. At the moment we have a sideways movement in the short-term rates. But how rates move in the long end will depend ... | GERMAN GOVERNMENT NEEDS SEEN RAISING BOND YIELDS |
Philippine President Corazon Aquino swore in four new cabinet secretaries to fill vacancies created by the resignations of secretaries who have said they will run for the May 11 senate elections. Carlos Dominguez 41 was made agriculture secretary. A former deputy agriculture secretary Dominguez is considered an expert ... | AQUINO SWEARS IN FOUR CABINET SECRETARIES |
Kenya and Shenzhen Electronics Group (SEG) of China will set up a joint venture in the Kenyan port city of Mombasa to assemble colour televisions and other electronic goods the China Daily said. It said the venture with an estimated annual production value of 50 mln Kenyan shillings will sell domestically and to other ... | CHINA, KENYA IN ELECTRONIC GOODS JOINT VENTURE |
The Soviet Union has agreed to cut its coking coal export prices to Japanese steel mills by about five dlrs a tonne in 1987/88 starting April 1 in exchange for an increase in export volume industry sources said. The prices were set at 44 dlrs a tonne for Neryungrinsky coal and at 43.80 dlrs for Kuznetsky coal fob. Japa... | USSR TO CUT COAL PRICE FOR JAPANESE STEELMILLS |
<Placer Pacific Ltd> said it hopes the Papua New Guinea government will approve development of the Misima gold project next month following the submission of its final environmental plan in Port Moresby today. This completes the major documentation required to gain official approval to proceed Placer said in a state... | PLACER PACIFIC HOPES FOR MISIMA GOLD APPROVAL SOON |
The special prosecutor in the Iran arms scandal is expected to bring indictments that could include felony charges against senior Reagan administration officials the New York Times reported. It quoted law enforcement officials with knowledge of the investigation as saying special prosecutor Lawrence Walsh who is invest... | PAPER SAYS INDICTMENTS IN IRAN CASE EXPECTED |
The Bangladesh trade deficit narrowed to 1.91 billion Taka in October from 5.64 billion in September and 2.43 billion in October 1985 the Central Bank said. Imports dropped to 4.31 billion Taka in October from 8.22 billion in September and 4.72 billion in October 1985. Exports totalled 2.4 billion Taka in October as ag... | BANGLADESH TRADE DEFICIT NARROWS IN OCTOBER 1986 |
The outlook for Australian industrial investment is uncertain with capital spending at an historical low and business overly dependent on domestic demand the Australian Chamber of Manufactures and the National Institute of Economic and Industry Research said. The organizations were commenting in their monthly Economic ... | AUSTRALIAN INVESTMENT OUTLOOK SEEN AS UNCERTAIN |
The central bank has issued 12 billion Taiwan dlrs worth of one and two year savings bonds to help curb the growth of M-1b money supply a bank spokesman said. The new bonds bear interest rates ranging from five to 5.25 pct and will be sold to the public he said. The bank issued eight billion Taiwan dlrs worth of simila... | TAIWAN ISSUES 12 BILLION DLRS OF BONDS |
Three Japanese credit rating agencies are entering into fierce competition with <Moodys Japan K.K.> and <Standard and Poors Asia Inc> the local branches of the two U.S. Giants as the Japanese credit market opens up to foreigners Japanese rating agency managers said. Standard and Poors recent triple-A rating of &l... | JAPAN RATING AGENCIES IN BATTLE WITH U.S. GIANTS |
Most commodity agreements are close to collapse and the debt problem continues to weigh heavily on developing countries Bangladesh Commerce Minister M.A. Munim told officials from 30 Asian countries in the Group of 77. The officials are meeting to finalise the agenda for the groups regional ministerial conference here ... | GROUP-77 OFFICIALS SET AGENDA FOR DHAKA MEETING |
Swiss industrial output rose nine pct in the fourth quarter last year after a four pct third quarter decline and was up three pct from the final three months of 1985 the Federal Office of Industry Trade and Labour said. For the full year 1986 the index base 1963 stood at 166 after up four pct from the 159 recorded the ... | SWISS INDUSTRIAL OUTPUT RISES IN FOURTH QQUARTER |
Japanese securities houses are thinking of allowing foreign brokerages to underwrite more Japanese government bonds from April securities managers said. The average foreign brokerage now underwrites only around 0.07 pct of each such issues volume they told Reuters. The proposal is a response to overseas calls for Japan... | FOREIGN BROKERS MAY GET MORE ACCESS TO JAPAN BONDS |
The United States has openly attacked Japans tight-fisted fiscal policy for the first time and warned Tokyo its promised economic package in April must be significant senior U.S. Officials said. In high-level talks last week the U.S. Criticised Japans overall fiscal policy as deflationary and argued that its fiscal pos... | U.S. SEEKS MAJOR JAPANESE ECONOMIC CHANGE IN APRIL |
The Asian dollar market continued to expand in December with total assets and liabilities rising to 200.60 billion U.S. Dlrs from 188.54 billion in November and 155.37 billion in December 1985 the Monetary Authority of Singapore said. It said the increase came mainly from interbank activity with interbank lending risin... | ASIAN DOLLAR ASSETS EXCEED 200 BILLION DLRS |
Singapores M-1 money supply rose 3.7 pct during December to 9.82 billion dlrs after a 2.0 pct increase in November the Monetary authority of Singapore (MAS) said. M-1 growth for calendar 1986 was 11.8 pct compared with 4.0 pct growth over the year ending in November. MAS said in its latest monthly statistical bulletin ... | SINGAPORE M-1 MONEY SUPPLY UP 3.7 PCT IN DECEMBER |
The value of Chinas industrial output in January and February this year was 14.1 pct higher than in the same 1986 period the New China News Agency said. Output increased by 5.6 pct from January 1985 to January 1986 and 0.9 pct from February 1985 to 1986. The agency said the most recent increase was largely due to last ... | CHINESE INDUSTRIAL GROWTH RATE UP AFTER WEAK 1986 |
The Dutch central bank said it has accepted bids totalling 6.5 billion guilders at tender for new eleven-day special advances at 5.3 pct covering the period March 9 to 20 aimed at relieving money market tightness. Subscriptions to 500 mln guilders were met in full amounts above 500 mln at 35 pct. The new facility repla... | NEW DUTCH ADVANCES TOTAL 6.5 BILLION GUILDERS |
Union Bank of Finland is issuing a 10 billion yen eurobond due March 30 1992 paying five pct and priced at 102-3/8 pct lead manager LTCB International Ltd said. The bond is available in denominations of one mln yen and will be listed in Luxembourg. Payment date is March 30. Fees comprise 1-1/4 pct selling concession an... | UNION BANK OF FINLAND ISSUES EUROYEN BOND |
Japanese customers have bought nearly six mln barrels of crude oil from the National Iranian Oil Company (NIOC) at a substantial discount to the official price and Western traders have received even larger discounts Japanese traders involved in the transactions told Reuters. NIOC has sold its crude for March shipment t... | IRAN SELLING DISCOUNTED CRUDE, JAPAN TRADERS SAY |
Imperial Chemical Industries Plc <ICI.L> said it had today placed its 19.4 pct stake in Lister and Co Plc with L Messel and Co and that it had now been placed widely among institutions. Lister is a manufacturer dyer and finisher of cotton silk wool and man-made fibres. REUTER | ICI SELLS STAKE IN LISTER AND CO |
Unilever Australia Ltd is issuing 40 mln Australian dlrs of bonds due April 14 1990 carrying a coupon of 14-3/4 pct and priced at 101-1/2 said County NatWest Capital Markets as lead manager. The bonds are guaranteed by Unilever PLc whose outstanding debt securities are rated AAA. The bonds are non-callable and will be ... | UNILEVER UNIT ISSUES 40 MLN AUSTRALIAN DLR BOND |
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