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CORRECTED - MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO 3-1/4 PCT - CREDIT SUISSE | |
Fisons Plc <FISN.L> said strong international growth had been the main feature of the groups 1986 progress with the pharmaceutical division reporting a 50 pct increase in U.S. Sales during the period. The rise was due to a sustained marketing programme a larger sales force and the introduction of an aerosol form of ... | FISONS SEES STRONG INTERNATIONAL GROWTH IN 1986 |
The Philippines must devalue the peso if it wants its exports to remain competitive Economic Planning Secretary Solita Monsod told Reuters. The peso/dollar rate has to be undercut to make our exports more competitive Monsod said an interview. No question about it. Im saying you cannot argue with success. Taiwan South K... | PHILIPPINE PLANNING CHIEF URGES PESO DEVALUATION |
The U.K. Trade Department said it would not refer Consolidated Goldfields Plcs <CGLD.L> purchase of <American Aggregates Corp> to the Monopolies Commission. Cons Gold said last month that its <ARC America Corp> unit had agreed to buy the Ohio-based company for 30.625 dlrs a share cash or 242 mln dlrs in a deal... | U.K. CLEARS CONS GOLD U.S. PURCHASE |
NV Nederlandse Gasunie is issuing a 100 mln dlr eurobond due April 15 1992 paying 7-1/4 pct and priced at 101-1/8 pct lead manager Citicorp Investment Bank Ltd said. The non-callable bond is available in denominations of 5000 dlrs and will be listed in Luxembourg. The selling concession is 1-1/4 pct while management an... | NEDERLANDSE GASUNIE ISSUES 100 MLN DLR EUROBOND |
Saab-Scania AB is issuing a 150 mln dlr eurobond due April 2 1992 paying 7-3/4 pct and priced at 101-3/4 pct lead manager Morgan Guaranty Ltd said. The bond is available in denominations of 5000 and 50000 dlrs and will be listed in London. Payment date is April 2 1992. Fees comprise 1-1/4 pct selling concession and 5/8... | SAAB-SCANIA ISSUES 150 MLN DLR EUROBOND |
Merrill Lynch Capital Markets said it received a mandate from Industrial Equity Ltd (IEL) of Australia to arrange a letter of credit facility in support of 100 mln dlrs of medium term notes and U.S. Commercial paper to be sold in the U.S. Domestic market. Merrill which will be the dealer for the medium term notes and c... | MERRILL MANDATED FOR IEL U.S. NOTE. |
Zaire agreed to limit its tin exports to 1736 tonnes for 12 months from March 1 in line with an Association of Tin Producing Countries (ATPC) plan to curb exports the ATPC said. ATPC Executive Director Victor Siaahan told Reuters he received a telex from Zaire indicating its willingess to take part in the plan to limit... | ZAIRE ACCEPTS TIN-EXPORT QUOTA, ATPC SAYS |
Japans major commercial banks plan to set up a joint company to which they will transfer assets acquired by lending to developing countries to build up a reserve against possible bad loans a senior official of a major bank told Reuters. He said about 10 banks are likely to finish details of the project in a few weeks. ... | JAPANESE BANKS PLAN JOINT FIRM TO AVOID DEBT RISK |
The Federation of Bankers Associations of Japan released its proposal for early creation of a comprehensive financial futures market in Tokyo. The market should include a comprehensive range of futures and options trading so Tokyo can develop into a real global money centre where a variety of risk-hedging instruments i... | JAPANESE FINANCIAL FUTURES PLAN REVEALED |
The European Community (EC) and Euratom the European atomic energy agency are expected to issue French franc eurobonds this month a Treasury spokesman said. Other eurofranc bonds this month are likely to include issues by a bank and a company both unidentified but no other details were available. The spokesman said the... | EC, EURATOM FRENCH FRANC EUROBONDS EXPECTED |
Australian police said they charged a former currency clerk of Westpac Banking Corp <WSTP.S> with misappropriating 8300 dlrs in July in an alleged foreign-exchange fraud. A spokeswoman for the New South Wales Corporate Affairs Commission (CAC) said the arrest was part of its investigation stemming from complaints fr... | AUSTRALIAN POLICE ARREST FORMER WESTPAC CLERK |
The Bank of England said it forecast a shortage of around 350 mln stg in the money market today. Among the main factors affecting liquidity bills maturing in official hands and the take-up of treasury bills will drain some 525 mln stg while bankers balnces below target will take out around 175 mln stg. Partly offsettin... | U.K. MONEY MARKET DEFICIT FORECAST AT 350 MLN STG |
Japan looks likely to allow U.S. Banks to conduct securities business here a move that will probably cause the barriers separating Japanese commercial banks from brokerage houses to break down financial analysts said. But the timing of the approval remains uncertain due to conflicting domestic interests. J.P.Morgan and... | JAPAN LIKELY TO LET U.S. BANKS DEAL SECURITIES |
Saudi riyal interbank deposit rates eased across the board in a dull market which was long in day-to-day funds dealers said. Todays quiet market continued a lull of several days in which traders were said to be waiting on the sidelines ahead of further clues to the direction of oil prices and the Saudi economy. Dealers... | SAUDI RIYAL DEPOSIT RATES EASE |
Early dollar straight eurobond trade was quiet with currency sectors particularly eurosterling continuing to perform strongly closely reflecting current trading patterns on the foreign exchanges dealers said. Eurosterling bonds continued to rise steadily bolstered by the extremely ebullient tone of the U.K. Government ... | CURRENCY SECTORS CONTINUE TO FEATURE EUROBOND TRADE |
The French Treasury will issue between eight and 12 billion francs worth of tap stock depending on market conditions at its monthly tender on Thursday the Bank of France said. The planned issue will be of two fixed-rate tranches of the 8.50 pct June 1997 and the 8.50 pct December 2012 stock and one tranche of the varia... | FRENCH TREASURY DETAILS PLANNED TAP ISSUE |
Mexican state oil firm Petroleos Mexicanos (Pemex) signed for a 500 mln dlruntied loan from the Export-Import Bank of Japan to finance its Pacific Petroleum Project Pemex Japan representative Tito Ayal said. No further details on the loan were immediately available. Ayala told an oil seminar the project due for c... | PEMEX SIGNS 500 MLN DLR JAPAN LOAN FOR PIPELINE |
The Government brokers supplies of a 400 mln stg issue of two pct Treasury index-linked stock due 1992 were exhausted in early trading on the U.K. Government bond market this morning the Bank of England said. The Bank said that the issue was no longer operating as a tap having been supplied at a price of 94 stg pct thi... | SUPPLIES OF U.K. INDEX-LINKED BOND EXHAUSTED |
Shr profit 15.9p vs 2.25p loss Div 3p making 4.5p vs nil Turnover 1.93 billion stg vs 1.99 billion Pretax profit 134.2 mln vs 11.4 mln loss Tax 47.2 mln vs nil Operating profit 163.0 mln vs 92.7 mln Interest less investment income 13.8 mln vs 37.2 mln Exceptional debit 15.0 mln vs 66.9 mln Minorities 0.3 mln vs 0.4 mln... | STC PLC <STCL.L> YEAR TO END-1986 |
Comalco Ltd <CMAC.S> said its return to profit reflected reduced costs improved primary aluminium prices and its withdrawal from a Japanese smelter venture. It said the earlier reported 57.1 mln dlr profit for the year ended December 31 against a 69.13 mln dlr loss in 1985 was also aided by lower interest rates on U... | COMALCO SAYS LOWER COSTS HELPED RETURN TO PROFITS |
CRA Ltd <CRAA.S> said it expected to pay a final 1986 dividend of not less than 10 cents a share after July 1 making 13 cents forthe year against 15 in 1985. The mining and smelting group earlier reported 1986 net earnings rose to 138.2 mln dlrs from 87.8 mln in 1985 against analysts forecasts yesterday of 125... | CRA EXPECTS TO PAY FINAL DIVIDEND OF 10 CENTS |
Montedison Finance Overseas Ltd a unit of Montedison SpA is issuing a 50 mln Australian dlr eurobond due April 3 1990 paying 15-1/2 pct and priced at 101-3/8 pct lead manager Orion Royal Bank Ltd said. The non-callable bond is guaranteed by the parent. The selling concession is one pct while management and underwriting... | MONTEDISON UNIT ISSUES 50 MLN AUSTRALIAN DLR BOND |
Swiss capital exports rose to 4.64 billion francs in January after 2.54 billion in December and a year earlier 3.64 billion the Swiss National Bank said. New bond issues accounted for 4.12 billion of the total after Decembers 2.15 billion and credits 525.1 mln after 389.9 mln. In January 1985 before the National Bank e... | SWISS CAPITAL EXPORTS RISE IN JANUARY |
China called on the United States to remove curbs on its exports to give it favourable trading status and ease restrictions on exports of high technology. But the U.S. Embassy replied that Chinese figures showing 13 years of trade deficits with the U.S. Out of the last 15 are inaccurate and said Peking itself would hav... | CHINA CALLS FOR BETTER TRADE DEAL WITH U.S. |
The Bundesbank is unlikely to change its credit policies at its central bank council meeting on Thursday as exchange rates and short-term interest rates have stabilized over the past few weeks money market dealers said. Attention in the money market is focused on tomorrows tender for a securities repurchase pact from w... | NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY |
Chase Manhattan Asia Ltd of Hong Kong has approached Taiwan banks to take part in a syndicated loan of 300 mln U.S. Dlrs to finance a liquefied natural gas (LNG) project in Indonesia local banking sources said. The project calls for construction of a 400 mln U.S. Dlr facility which could produce two mln tonnes of LNG f... | TAIWAN BANKS ASKED TO TAKE PART IN INDONESIA LOAN |
The Council of Europe is issuing a 125 mln luxembourg franc private placement bond carrying a 7-1/4 pct coupon and priced at par lead manager Banque Internationale a Luxembourg SA (BIL) said. The non-callable bullet issue maturing in August 1992 follows an earlier private placement bond announced last month for 250 mln... | COUNCIL OF EUROPE ISSUES LUXEMBOURG FRANC BOND |
Italys consumer price index rose 0.4 pct in February compared with January after rising 0.6 pct in January over December the national statistics institute (Istat) said. The year-on-year rise in February was 4.2 pct down from 4.5 pct in January and compared with 7.6 pct in February 1986. Istat said its consumer prices i... | ITALY CONSUMER PRICES RISE 0.4 PCT IN FEBRUARY |
Mobil Corp <MOB.N> of the U.S. Plans to open an office in Peking to develop oil exploration opportunities in China the China Daily said. It quoted Mobil president Richard Tucker currently in Peking as saying he is optimistic about investment prospects in China and that Peking will continue to encourage foreign priva... | MOBIL PLAN TO OPEN PEKING OFFICE, CHINA DAILY SAYS |
The European Community (EC) is issuing a 600 mln franc 8-3/4 pct bond due April 7 1997 at 99-1/2 pct lead manager Banque Nationale de Paris said. Fees total two pct with 1-3/8 pct for selling and 5/8 pct for management and underwriting combined. Payment date is April 7 denominations are of 10000 and 50000 francs and li... | EC ISSUES 600 MLN FRENCH FRANC EUROBOND |
KLM Royal Dutch Airlines <KLM.A> said it agreed to take a 15 pct stake in Air U.K. Ltd a subsidiary of British and Commonwealth Shipping Plc <BCOM.L> in a transaction worth around two mln stg. A KLM spokesman said KLM already cooperated closely with Air UK which runs 111 flights a week to Amsterdams Schipol airpo... | KLM TO TAKE 15 PCT STAKE IN AIR UK |
The European <Airbus Industrie> consortium has signed a one billion dlr contract to sell 10 A320 short-haul jets to <All Nippon Airways> of Japan with an option on the sale of a further 10 planes an Airbus spokesman said today. The 10 planes on firm order will be delivered between September 1990 and November 1991... | AIRBUS SIGNS ONE BILLION DLR JAPANESE CONTRACT |
 ZIMBABWE MAIZE HARVEST LOWER AFTER BUMPER CROPS HARARE March 3 - Zimbabwes maize crop in 1986/87 (April/ March) is likely to be slightly over 1.6 mln tonnes against 1.83 mln in 1985/86 Grain Marketing Board figures show. Maize exports for 1986/87 to January 31 1987 totalled 315000 tonnes with about a further 40000... | |
The French domestic bond issuing committee said it has approved three new issues totalling 1.8 billion francs. Credit Lyonnais will lead manage a 1.2 billion franc issue for the Caisse Centrale de Credit Cooperatif. Banque Francaise de lAgriculture will lead with Union de Garantie et de Placement a 300 mln franc issue ... | FRENCH BOND COMMITTEE APPROVES THREE ISSUES |
Degussa AG <DGSG.F> is combining its foreign and domestic pharmaceutical activities into the Frankfurt-based <Asta Pharma AG> so as to promote its business in that sector the company said. Group consolidated turnover in Degussas pharmaceuticals sector rose to 380 mln marks in 1985/86 to September 30 from 377 mln ... | DEGUSSA COMBINES PHARMACEUTICAL INTERESTS |
Britains gold and currency reserves showed an underlying rise of 287 mln dlrs in February after a 72 mln dlrs rise in January the Treasury said. The underlying trend which is a guide to Bank of England operations to support the pound on foreign exchanges is net of borrowings and repayments. This was above market expect... | U.K. RESERVES SHOW UNDERLYING RISE IN FEBRUARY |
Comalco Ltd said its return to profit reflected reduced costs improved primary aluminium prices and its withdrawal from a Japanese smelter venture. It said the earlier reported 57.1 mln dlr profit for the year ended December 31 against a 69.13 mln dlr loss in 1985 was also aided by lower interest rates on U.S. Dollar d... | COMALCO SAYS LOWER COSTS HELP RETURN TO PROFITS |
Ultramar Plc <UMAR.L> said it had reached agreement in principle to sell its wholly owned U.K. Marketing companies to Kuwait Petroleum Corp for around 50 mln stg. Ultramars marketing units include <Ultramar Golden Eagle Ltd> which in 1985 made a profit of around 1.4 mln stg before financing and group administrati... | ULTRAMAR SELLS U.K. MARKETING UNITS FOR 50 MLN STG |
Hong Kongs broadly defined M3 money supply rose 2.2 pct to 607.17 billion H.K. Dlrs in January after a 3.1 pct rise in December for a year-on-year rise of 23.3 pct the government said in a statement. Local currency M3 rose 3.6 pct to 280.36 billion dlrs from December when it was up 3.4 pct from November for a rise of 1... | HONG KONG M3 RISES 2.2 PCT IN JANUARY |
<Underwoods Plc> said it had not been possible to agree terms on a bid to be made by Woolworth Holdings Plc <WLUK.L> during talks. The two companies had been holding exploratory discussions. No spokesman for either company was immediately available to say why terms could not be agreed nor whether the possibility ... | WOOLWORTH, UNDERWOODS FAIL TO AGREE ON BID |
The Bundesbank is unlikely to change its credit policies at its central bank council meeting on Thursday as exchange rates and short-term interest rates have stabilized over the past few weeks money market dealers said. Attention in the money market is focused on tomorrows tender for a securities repurchase pact from w... | NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY |
The Bank of England said it revised up its forecast of the shortage in the money market today to around 500 mln stg from its initial estimate of 350 mln. REUTER | U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP |
Pakistan will retender for 6000 tonnes of refined bleached deodorised palm oil for second half March shipment tomorrow after failing to take up offers today palm oil traders said. REUTER | PAKISTAN TO RETENDER FOR RBD PALM OIL TOMORROW |
Mobil Oil Corp of U.S. Plans to open an office in Peking to develop oil exploration opportunities in China the China Daily said. It quoted Mobil president Richard Tucker currently in Peking as saying he is optimistic about investment prospects in China and that Peking will continue to encourage foreign private business... | MOBIL PLANS TO OPEN OFFICE IN PEKING |
Merrill Lynch Capital Markets said it received a mandate from Industrial Equity Ltd (IEL) of Australia to arrange a letter of credit facility in support of 100 mln dlrs of medium term notes and U.S. Commercial paper to be sold in the U.S. Domestic market. Merrill which will be the dealer for the medium term notes and c... | MERRILL MANDATED FOR IEL U.S. NOTE. |
The European Community (EC) and Euratom the European atomic energy agency are expected to issue French franc eurobonds this month a Treasury spokesman said. Other eurofranc bonds this month are likely to include issues by a bank and a company both unidentified but no other details were available. The spokesman said the... | EC, EURATOM FRENCH FRANC EUROBONDS EXPECTED |
Australian police said they charged a former currency clerk of Westpac Banking Corp <WSTP.S> with misappropriating 8300 dlrs in July in an alleged foreign-exchange fraud. A spokeswoman for the New South Wales Corporate Affairs Commission (CAC) said the arrest was part of its investigation stemming from complaints fr... | AUSTRALIAN POLICE ARREST FORMER WESTPAC CLERK |
Unilever Plc and Nv combined 1986 pre-tax profit 1.14 billion stg vs 953 mln. | |
West German banks would like Brazil to work more closely with the International Monetary Fund (IMF) with a view to seeking a solution to the countrys debt problems senior West German banking sources said. The sources speaking ahead of a meeting later today between Brazilian Finance Minister Dilson Funaro and his West g... | GERMAN BANKS SEEK GREATER BRAZIL LINK WITH IMF |
President Corazon Aquino announced government plans to devote to land reform an estimated 24 billion pesos (about one billion U.S. Dlrs) raised from the sale of failed businesses taken over by the government. Aquino said she was willing to have her familys sugar estate broken up in compliance with Philippine land refor... | AQUINO ANNOUNCES LAND REFORM PLANS |
Opec remains within its agreed output ceiling of 15.8 mln barrels a day and had expected current fluctuations in the spot market of one or two dlrs Indonesian Energy Minister Subroto said. He told reporters after meeting with President Suharto that present weakness in the spot oil market was the result of warmer weathe... | OPEC WITHIN OUTPUT CEILING, SUBROTO SAYS |
The Bank of England said it provided 24 mln stg help to the money market in the morning session. This compares with the banks upward revised shortage forecast of around 500 mln stg. The central bank purchased bank bills outright comprising two mln stg in band one at 10-7/8 pct and 22 mln stg in band two at 10-13/16 pct... | U.K. MONEY MARKET GIVEN 24 MLN STG ASSISTANCE |
The coupon on the 300 mln dlr equity warrant bond deal for Mitsubishi Estate Co Ltd has been cut to three pct from the 3-1/4 pct initially indicated Nikko Securities Co (Europe) Ltd said as lead manager of the deal. Exercise price for the warrants has been fixed at yen 2817 representing a 2.53 pct premium over the late... | COUPON ON MITSUBISHI WARRANT BOND CUT |
Japans unemployment rate is expected to continue to climb to about 3.5 pct within the next year from Januarys three pct record senior economists including Susumu Taketomi of Industrial Bank of Japan said. Decembers 2.9 pct was the previous worst level since the governments Management and Coordination Agency began compi... | JAPAN'S UNEMPLOYMENT RATE SEEN RISING TO 3.5 PCT |
Central bank governor Chang Chi-cheng rejected a request by textile makers to halt the rise of the Taiwan dollar against the U.S. Dollar to stop them losing orders to South Korea Hong Kong and Singapore a spokesman for the Taiwan Textile Federation said. He quoted Chang as telling representatives of 19 textile associat... | TAIWAN REJECTS TEXTILE MAKER PLEA ON EXCHANGE RATE |
Japanese investor interest in British gilt-edged securities is growing rapidly due to expectations sterling will remain stable despite the drop in oil prices and on calculations gilt prices will firm bond managers said. Japanese British and U.S. Securities houses have been expanding inventories of gilts to meet demand ... | JAPANESE DEMAND FOR U.K. GILTS SEEN RISING |
 UNILEVER PLC AND NV 1986 4TH QTR TO DEC 31 LONDON March 3 Unilever Plc share 49.57p vs 44.19p making 177.55p vs 137.96p for full year. Unilever NV share 10.69 guilders vs 11.82 guilders making 38.22 guilders vs 36.79 guilders. Unilever Plc final div 35.18p making 50.17p vs 38.62p. Unilever NV final div 10.67 guild... | |
Daimler-Benz AG [DAIG.F] said its car production could fall by 150 cars a day in the foreseeable future if works councils continue to refuse to approve the firms requests for employees to work overtime when necessary. A company spokesman said the works council at Daimlers Unterturkheim plant which makes axles and other... | DAIMLER OUTPUT COULD BE AFFECTED BY DISPUTE |
The price of Hongkong and Shanghai Hotels Ltd <SHLH.HK>s stock soared on speculation of a takeover battle between major shareholders the Kadoorie family and the Evergo Industrial Enterprise Ltd <EVGH.HK> group stock brokers said. They noted heavy buying in Hk Hotel shares after an announcement by Evergos <Chin... | HK HOTELS SOARS ON TAKEOVER SPECULATION |
Oerlikon-Buehrle Holding AG <OEBZ.Z> unit <Contraves AG> unequivocally rejects charges by NV Philips Gloeilampenfabrieken <PGLO.AS> subsidiary <Hollandse Signaalapparaten BV> that it violated patent rights in a radar system developed by the latter a Contraves official said. Max Baumann a member of the Contr... | OERLIKON UNIT REJECTS DUTCH PATENT CHARGES |
Italian savings bank Cassa di Risparmio di Roma is launching a 100 mln dlr euro-certificate of deposit issuance program Chase Investment Bank Ltd said as arranger. Chase will also be a dealer for the program along with Swiss Bank Corporation International Ltd. Chase Manhattan Bank NA London Branch will be issuing and p... | CASSA DI RISPARMIO DI ROMA LAUNCHING CD PROGRAM |
<Bryson Oil and Gas Plc> said it paid a cash consideration of around 5.4 mln dlrs for about 8.6 pct of <Cenergy Corp> a U.S. Oil and gas exploration and production company. Bryson said its board has been considering a number of possible investments to expand the companys interests and believes the opportunity to ... | BRYSON PAYS 5.4 MLN DLRS FOR CENERGY CORP STAKE |
President Reagans approval rating fell after the Tower Commission criticised his handling of the Iran arms scandal a New York Times/CBS poll indicates. The poll found 51 pct of those surveyed thought he was lying when he said he did not remember if he had approved the original arms sales to Iran and 35 pct thought he w... | REAGAN APPROVAL RATING FALLS TO FOUR-YEAR LOW |
Last weeks White House shake-up has increased the odds that Federal Reserve Board chairman Paul Volcker a symbol of strength in a government reeling from the arms-to-Iran scandal will serve a third term sources close to the Fed say. But they said that no decision on the appointment which must be filled this August has ... | REGAN DEPARTURE MAKES 3RD VOLCKER TERM LIKELY |
General Motors Corp has changed its method of disbursing merit raises for salaried employees and is reducing the size of the merit raise pool to 3.5 pct of the total amount available for salaries from 5.5 pct last year a company spokesman said. He said GM will no longer include merit raises in the calculation of base p... | GM <GM> CUTS WAGE BOOSTS FOR SALARIED EMPLOYEES |
Pre-Paid Legal Services Inc said it has signed a letter of intent under which it would receive financing from I.C.H. Corp. The company said under the proposed transaction I.C.H. would loan it up to 100 mln dlrs and the loan balance would be convertible at any time by either party into Pre-Paid common stock at 11 dlrs p... | PRE-PAID LEGAL <PPD> GETS I.C.H. <ICH> FINANCING |
Shr 43 cts vs 30 cts Net 10.6 mln vs 5967000 Revs 62.9 mln vs 41.5 mln Avg shrs 200.7 mln vs 20.2 mln Year Shr 1.26 dlrs vs 85 cts Net 30.1 mln vs 16.6 mln Revs 210.8 mln vs 121.6 mln Avg shrs 23.9 mln vs 19.4 mln NOTE: Share adjusted for January 1987 two-for-one split. Reuter | ASHTON-TATE <TATE> 4TH QTR NET |
Employers and the port union FNV are to meet again this afternoon to attempt a settlement of the six-week-old dispute in Rotterdams general cargo sector but neither side is optimistic spokesmen for both sides told Reuters. Little progress was made in last nights three hours of talks with both sides largely reiterating ... | NEITHER SIDE OPTIMISTIC ON ROTTERDAM PORT ISSUES |
AMR Corp will hold a press conference this morning in New York at 0900 EST a company spokesman said. He would not comment on the subject of the press conference or would he confirm published reports that AMR will today announce a 2.5 billion dlr purchase of aircraft and engines. According to a New York Times report AMR... | AMR <AMR> TO HOLD PRESS CONFERENCE THIS MORNING |
The Unilever Plc and NV <UN.A> group saw improved performance in almost all sectors during 1986 the Anglo-Dutch group said in its results statement. Very good progress was made last year while the recent acquisition of Chesebrough-Ponds Inc <CBM.N> was a significant addition which will greatly benefit the group i... | UNILEVER IMPROVES IN MOST SECTORS DURING 1986 |
U.S. LEADING INDICATORS FELL 1.0 PCT IN JAN AFTER REVISED 2.3 PCT DEC RISE | |
AMR CORP ORDERS 40 JETS FROM AIRBUS AND BOEING | |
The U.S. index of leading indicators fell a seasonally adjusted 1.0 pct in January after a revised 2.3 pct December gain the Commerce Department said. The department previously said the index rose 2.1 pct in December. The decline in January was the biggest for any month since July 1984 when the index fell 1.7 pct. The ... | U.S. LEADING INDEX FELL 1.0 PCT IN JANUARY |
Brazilian Finance Minister Dilson Funaro held separate meetings with French Finance Minister Edouard Balladur and Bank of France Governor Jacques de Larosiere on the second stage of a European mission to explain his countrys latest debt crisis French officials said. They declined to disclose details of the talks. Monet... | BRAZIL FINANCE MINISTER MEETS FRENCH OFFICIALS |
Jan 31 end Shr 1.40 dlrs vs 1.10 dlrs Net 16.4 mln vs 12.9 mln Revs 196.2 mln vs 157.5 mln Reuter | BURLINGTON COAT FACTORY WAREHOUSE CORP <BCF> NET |
This mornings sharp decline in coffee prices following the breakdown late last night of negotiations in London to reintroduce International Coffee Organization ICO quotas will be short-lived Dutch roasters said. The fall is a technical and emotional reaction to the failure to agree on reintroduction of ICO export quota... | COFFEE PRICE FALL SHORT TERM - DUTCH ROASTERS |
Greenwood Resources Inc said it has sold its 4300000 common share majority holding in <New London Oil Ltd> of London to an affiliate of <Guinness Peat Group PLC> of London and an affiliate of <Sidro SA> of Belgium for a total of 17000000 dlrs in cash. The company said it will apply the proceeds of the sale to ... | GREENWOOD RESOURCES <GRRL> SELLS COMPANY STAKE |
AMR Corps American Airlines said it will buy 40 long-range jet aircraft to support international expansion including routes in the Caribbean. Under one agreement the airline said it will acquire 15 Boeing Co <BA> 767-300 planes. Under a separate agreement American will acquire A-300-600 aircraft from <Airbus Indu... | AMR <AMR> TO ACQUIRE 40 LONG-RANGE JET AIRCRAFT |
<VDO Luftfahrtgeraete Werk Adolf Schindling GmbH> 75 pct owned by autoparts maker <VDO Adolf Schindling AG> said it set up a joint venture with Thomson-CSF <TCSF.PA> of France to produce liquid crystal displays. It said in a statment that it held 20 pct of the new company called Eurodisplay and Thomson-CSF the... | VDO UNIT AND THOMSON-CSF IN JOINT VENTURE |
F.W. WOOLWORTH CO 4TH QTR SHR 1.78 DLRS VS 1.64 DLRS | |
H.J. Heinz <HNZ.N> chairman Tony OReilly would be interested in buying Guinness PLC <GUIN.L>s brewery division if it were for sale a spokesman said. The spokesman reacting to Irish and British press reports said He continues to be interested were the group to offer the brewery side of Guinness for sale. But he ha... | HEINZ INTERESTED IN BUYING GUINNESS BREWING |
Equatorial Communications Co said it expects to report losses of about 57 mln dlrs for the fourth quarter and 68 mln dlrs for the full year 1986 on revenues of about 10 mln dlrs for the quarter and 52 mln dlrs for the year. Equatorial said the losses will include a charge of about 45 mln dlrs from costs associated with... | EQUATORIAL COMMUNICATIONS <EQUA> TO HAVE LOSSES |
Transamerica Corp said it will have an after-tax gain of about 10 mln U.S. dlrs on the sale of its Occidental Life Insurance Co of Australia Ltd affiliate to <Pratt and Co Financial Services Pty Ltd> of Melbourne for 105 mln Australian dlrs. The sale was announced earlier today in Australia. Proceeds will be used to... | TRANSAMERICA <TA> TO HAVE AUSTRALIAN SALE GAIN |
VIACOM INTERNATIONAL INC GETS ANOTHER NEW NATIONAL AMUSEMENTS BID | |
Shr 1.78 dlrs vs 1.64 dlrs Net 117 mln vs 106 mln Sales 2.02 billion vs 1.85 billion Avg shrs 65.6 mln vs 63.9 mln Year Shr 3.25 dlrs vs 2.75 dlrs Net 214 mln vs 177 mln Sales 6.50 billion vs 5.96 billion Avg shrs 65.6 mln vs 63.9 mln NOTE: Share data restated to reflect two for one stock split in May 1986 Reuter | F.W. WOOLWORTH CO <Z> 4TH QTR JAN 31 NET |
General Motors Corp told employees it was reducing the funds available for merit-raises for 109000 salaried workers. GM which has been taking wide-ranging steps to cut costs said in a letter it cut the amount available for raises to 3.5 pct of the payroll from 5.5 pct in 1986. The letter also said raises will be given ... | GM <GM> CUTTING SALARIED MERIT RAISES |
<BP Oil Ltd> the U.K. Marketing and refining arm of British Petroleum Co Plc <BP.L> raised its pretax operating profit on a replacement cost basis to 182 mln stg in calendar 1986 compared with 66 mln stg in 1985. Sales and operating revenue fell to 3.1 billion stg from 4.2 billion on a replacement cost basis. His... | BP OIL RAISES OPERATING PROFIT |
The finance department announced the new 1.2 billion dlr four-part bond issue to be dated March 15 and delivered March 16 will be priced as follows. - 8 pct bonds due July 1 1990 at a price of 100.30 pct todmpB]w about 7.89 pct to maturity - 8-1/4 pct bonds due March 1 1994 at a price of 100.25 pct to yield about 8.20 ... | CANADA PRICES 1.2 BILLION DLR BOND ISSUE |
Earthquakes and aftershocks are still shaking areas of northern New Zealand following yesterdays strong tremor which left 3000 people homeless. Four earthquakes measuring up to 4.5 on the Richter scale have hit the Bay of Plenty and Waikato region in the north-east since midnight yesterday (1200 GMT). No casualties hav... | EARTHQUAKES CONTINUE IN NORTHERN NEW ZEALAND |
The U.S. Wants Japan to eliminate import controls on agricultural products within three years visiting U.S. Under-Secretary of State for Economic Affairs Allen Wallis told Eishiro Saito Chairman of the Federation of Economic Organisations (Keidanren) a spokesman for Keidanren said. The spokesman quoted Wallis as saying... | U.S. ASKS JAPAN END AGRICULTURE IMPORT CONTROLS |
New York Sarich Technologies Trust - New York Health Management Associates - New York Reuter | U.S. FINANCIAL ANALYSTS - March 3 |
 U.S. DIVIDEND MEETINGS - MARCH 3 Mickelberry Corp Premier Industrial Reuter  | |
 U.S. SHAREHOLDER MEETINGS - MARCH 3 None Reportedd Reuter  | |
Firstcorp Inc said it weill report an after-tax gain of 1827000 dlrs or 56 cts per share primary and 42 cts fully diluted from the proposed condemnation and acquisition of a parking deck it operates by Wake County. The company said if it reinvested proceeds in a similar property within 24 months the gain on the sale wo... | FIRSTCORP <FCR> SEES GAIN ON CONDEMNATION |
Ashton-Tate said it intends to file for an offering of about two mln shares within the next 30 days. It said proceeds would be used for working capital and other general corporate purposes including the possible acquisition of other businesses or additional technology. Ashton-Tate now has about 23.6 mln shares outstand... | ASHTON-TATE <TATE> TO OFFER COMMON SHARES |
KeyCorp said it has filed with the Securities and Exchange Commission for the offering of 75 mln dlrs of subordinated capital notes due March 1 1999. The company said it is anticipated the notes will be offered this week through underwriters led by First Boston Corp. Proceeds will be used for general corporate purposes... | KEYCORP <KEY> REGISTERS SUBORDINATED NOTES |
Oper shr 43 cts vs 21 cts Oper net 6846000 vs 3386000 Revs 137.1 mln vs 107.6 mln Year Oper shr 1.36 dlrs vs 42 cts Oper net 21764000 vs 7239000 Revs 516.4 mln vs 454.7 mln Note: 1986 qtr excludes extraordinary gain of 784000 dlrs or five cts share versus extraordinary loss of 110000 dlrs or shr nil in 1985 qtr Note co... | <NATIONAL SEA PRODUCTS LTD> 4TH QTR NET |
The Bank of England said it had revised its forecast of the shortage in the money market down to 450 mln stg before taking account of its morning operations. At noon the bank had estimated the shortfall at 500 mln stg. REUTER | U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN |
Viacom International Inc said <National Amusements Inc> has again raised the value of its offer for Viacoms publicly held stock. The company said the special committee of its board plans to meet later today to consider this offer and the one submitted March one by <MCV Holdings Inc>. A spokeswoman was unable to s... | NATIONAL AMUSEMENTS AGAIN UPS VIACOM <VIA> BID |
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