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Colombias coffee export registrations remain open and there are no plans to close them since a new marketing policy means an unlimited amount can be registered Gilberto Arango president of the private exporters association said. The philosophy of the new policy is not to close registrations. Nobody so far said may woul... | COLOMBIA COFFEE REGISTRATIONS REMAIN OPEN |
<Alberta Energy Co Ltd> said it filed a preliminary prospectus for an issue of convertible debentures which may total 100 mln dlrs depending on market conditions. It said it had not yet determined the interest rate conversion terms maturity date or size of the issue. Reuter | ALBERTA ENERGY PLANS DEBENTURE ISSUE |
Shr 32 cts vs 34 cts Net 902178 vs 662647 Deposits 174.7 mln vs 134.4 mln NOTE: Per share amounts adjusted to reflect 10-for-one stock split effective Sept 16 1986. Reuter | GATEWAY BANCORP INC <GBAN> 1ST QTR NET |
Selas Corp of America said it signed a letter of intent for a three mln dlr sale and leaseback of its corporate offices and plants. The sale is subject to a number of conditions including approval by the board and the unidentified buyer. Reuter | SELAS CORP OF AMERICA <SLS> SETS SALE/LEASEBACK |
William Rodman a 43-year-old New York investor was indicted for allegedly plotting to manipulate the price of three over-the-counter stocks to drive up their prices and create interest in the companies. Rodman was also charged with securities and wire fraud stemming from the alleged manipulation of the stocks of Memory... | INVESTOR CHARGES WITH STOCK MANUPULATION |
Brazilian Finance Minister Dilson Funaro who suspended interest payments to creditor banks two months ago said creditors had to trust him when he said Brazil would achieve a trade surplus large enough to continue servicing its debt. Speaking to reporters at the Brazilian Embassy Funaro said he would not seek approval o... | FUNARO SAYS BRAZIL'S CREDITORS MUST TRUST HIM |
American Brands Incs 545 mln dlrs acquisition of National Distillers and Chemical Corps liquor business is expected to be one of a series of acquisitions by the tobacco company analysts said. They were very frustrated with their inability to get Chesebrough. They said they were looking for an acquisition. It doesnt sur... | MORE AMERICAN BRANDS <AMB> ACQUISITIONS SEEN |
Bundesbank board member Claus Koehler called on central banks of major industrialised nations to cooperate closely on exchange and interest rate policies. In a lecture at the University of Surrey pre-released here Koehler said that the only alternative to cooperation was protectionism and control on capital movements. ... | BUNDESBANK CALLS FOR CENTRAL BANK COOPERATION |
Australias seasonally adjusted unemployment rate rose to 8.4 pct of the estimated workforce in March from 8.2 pct in February and 7.9 pct a year earlier the Statistics Bureau said. The number of jobless rose to 650700 from 631900 in February and 593200 a year earlier the Bureau said. Unadjusted the number of unemployed... | AUSTRALIAN UNEMPLOYMENT RISES IN MARCH |
CSR Ltd <CSRA.S> said its sale of <Delhi Petroleum Pty Ltd> will not affect the other oil and gas interests it manages or operates. CSR sold Delhi which holds an average 25 pct in the Santos Ltd <STOS.S>-led Cooper-Eromanga Basin onshore gas and liquids joint ventures to an Exxon Corp <XON> unit for 985 mln... | CSR SAYS IT IS RETAINING NON-DELHI GAS-OIL STAKES |
The Agriculture Ministry declined comment on a local newspaper report that Japan had agreed to hold talks on its closed rice market in the new GATT round. We have no idea about the report and cannot comment a spokesman told Reuters. Nihon Keizai Shinbun quoting unnamed government sources said Japan would tell U.S. Agri... | JAPAN MINISTRY HAS NO COMMENT ON RICE TALKS REPORT |
<Showa Denko Ltd> said it is exporting aluminium billet casting equipment and technology to countries that have recently begun aluminium smelting. A company official said it won a 500 mln yen order to deliver 10 sets of casting equipment to Venezuelas Venalum by end-1987. He said it received an order for one set fro... | SHOWA DENKO EXPORTS ALUMINIUM CASTING EQUIPMENT |
New Zealands ruling Labour Party government has just completed its three-year economic reform which threw thousands of people out of work yet its popularity has risen as the September deadline for the election draws closer a recent poll shows. An Eyewitness/Heylen Poll conducted for Television New Zealands Eyewitness n... | N.Z. GOVERNMENT POPULARITY RISES AHEAD OF ELECTION |
Hospital Corp of America said it received a letter today from an investor group offering to buy the company for 47 dlrs a share. Based on 82 mln outstanding shares the offer is worth about 3.85 billion dlrs. But the company said that it would take more than five billion dlrs to consummate the merger and retire certain ... | HOSPITAL CORP OF AMERICA <HCA> GETS MERGER BID |
<Goodman Fielder Ltd> an Australian food products and supermarket firm is planning a 100 mln U.S. Dlr multi-option note issuance facility lead manager BT Asia Ltd said. Under the three-year evergreen facility which can be extended annually notes will be issued by its subsidiaries <Goodman Fielder New Zealand Ltd>... | GOODMAN FIELDER PLANS 100 MLN DLR NOTE FACILITY |
Japans little-known Ministry of Posts and Telecommunications (MPT) has emerged as an international force to be reckoned with political analysts said. MPT thrust into the spotlight by trade rows with the U.S. And Britain is in a position of strength due to its control of a lucrative industry and its ties with important ... | ECONOMIC SPOTLIGHT - TELECOM IS KEY JAPAN MINISTRY |
Members of prime minister Yasuhiro Nakasones ruling Liberal Democratic Party (LDP) have shunned his support in their campaigns for upcoming local elections. His presence will do more harm than good an LDP candidate in Tokyo told Reuters. The candidate is one of several conservatives who have rebelled and joined the pub... | MEMBERS OF JAPAN'S RULING PARTY SHUN NAKASONE |
Keen demand for gold stocks and quality industrials pushed the Australian share market to all-time highs in active trading brokers said. A higher close on Wall Street a strong local dollar and easier domestic interest rates boosted sentiment in the industrial sector while demand for gold stocks continued despite a slig... | AUSTRALIAN SHARE MARKET CLOSES AT ALL-TIME HIGHS |
Following is the text of a statement by the Group of Seven -- the U.S. Japan West Germany France Britain Italy and Canada -- issued after a Washington meeting yesterday. 1. The finance ministers and central bank governors of seven major industrial countries met today. They continued the process of multilateral surveill... | G-7 ISSUES STATEMENT AFTER MEETING |
Honda Motor Corp <HMC.T> will sell cars equipped with four-wheel steering in Japan from tomorrow and will export the cars to the U.S. And Europe later this year company officials said. They told a press conference shipments to the U.S. Will begin around July and to Europe around October. Four-wheel steering will be ... | HONDA TO SELL FOUR-WHEEL STEERING CARS |
British Airways Plc <BAB.L> is issuing a 100 mln stg eurobond due May 6 1997 paying 9-1/2 pct and priced at 101-1/2 lead manager Union Bank of Switzerland said. The non-callable bond is available in denominations of 1000 and 10000 stg and will be listed in London. The selling concession is 1-1/4 pct while management... | BRITISH AIRWAYS ISSUES 100 MLN STG EUROBOND |
The Bank of France said it has invited offers of first category paper today for a money market intervention tender. Money market operators were divided over whether the Bank of France will use to occasion to cut its intervention rate which has stood at 7-3/4 pct since March 9. Some thought a price cut unlikely while ot... | BANK OF FRANCE TO HOLD MONEY MARKET TENDER TODAY |
RIO TINTO-ZINC CORP PLC 1986 PRETAX PROFIT 601.7 mln stg vs 614.4 mln | |
Year to December 31 1986 SHR 78.91p vs 83.05p DIV 16.5p making 23.5p vs 22p PRETAX PROFIT 601.7 mln stg vs 614.4 mln NET ATTRIBUTABLE PROFIT 245 mln stg vs 257 mln TURNOVER 3.34 billion stg vs 3.09 billion Note - Accounts have been restated Full name of company is Rio Tinto-Zinc Corp Plc <RTZL.L> Group operating pro... | RIO TINTO-ZINC NET ATTRIBUTABLE PROFIT LOWER |
The value of turnover on the Australian Stock Exchange (ASX) soared to a record 17.11 billion dlrs in the first three months of 1987 from 7.50 billion in the corresponding months of 1986 the ASX said. Its statement did not give the previous peak. First quarter volume also rose sharply to 9.95 billion shares from 4.31 b... | AUSTRALIAN SHARE VOLUME HITS FIRST QUARTER RECORD |
China is likely to succeed in joining GATT despite policies that contradict free trade because western countries support its entry western diplomats said. China applied to join the General Agreement on Tariffs and Trade (GATT) in July 1986. The organisation formed in 1948 to integrate the worlds free market economies n... | CHINA LIKELY TO JOIN GATT, DIPLOMATS SAY |
Burmah Oil 1986 pre-tax profit 105.9 mln stg vs 79.6 mln. | |
Remarks by two leading central bankers sparked renewed speculation in financial markets that a cut in the West German three pct discount rate may be under discussion currency dealers said. Bundesbank board member Claus Koehler said in a speech that monetary growth resulting from speculative capital inflows required cut... | GERMAN BANKERS' REMARKS REVIVE TALK OF RATE CUT |
XYVision Inc is issuing a 25 mln dlr convertible eurobond due May 5 2002 paying an indicated coupon of between 5-3/4 and six pct and priced at par lead manager Credit Suisse First Boston Ltd said. The issue is callable after 30 days at 106 pct declining by one pct per annum to par thereafter. It is not callable for thr... | XYVISION ISSUES CONVERTIBLE EUROBOND |
The Soviet trade deficit with the West almost quadrupled last year reaching 2.72 billion roubles compared with 713 mln in 1985 official figures showed. Statistics published by the monthly journal Foreign Trade showed Soviet trade turnover for 1986 fell to 130.9 billion roubles from 142.1 billion the previous year a dro... | SOVIET TRADE DEFICIT WITH WEST SOARS IN 1986 |
Year 1986 Shr 33.54p vs 34.2p. Final div 9.5p making 14p vs 12.75p. Pre-tax profit 105.9 mln stg vs 79.6 mln. Net profit before minorities 56 mln vs 52.1 mln. Turnover net of duties 1.32 billion stg vs 1.46 billion. Minorities 800000 stg vs same. Extraordinary debit 20.4 mln vs 28.2 mln. NOTE: Companys full name is The... | BURMAH OIL PROFIT CLIMBS TO 105.9 MLN STG |
Pests and disease which destroyed 1.1 mln tonnes of wheat in China in 1986 are threatening crops on 11.64 mln hectares this year the China Daily said. About 14.54 mln hectares of wheat were affected in 1986. The paper said abnormal weather conditions had encouraged the spread of wheat midges in 2.47 mln hectares in Sha... | CHINA'S WHEAT CROP THREATENED BY PESTS, DISEASE |
Rio Tinto-Zinc Corp Plc <RTZL.L> RTZ said the predicted rise in industrial production in the U.S. And Europe should boost its 1987 performance. Consumption of some base metals and their dlr prices are showing signs of improvement although iron ore markets have weakened. The oil price in U.S. Dlrs is above the 1986 a... | RTZ SEES RISING U.S. OUTPUT AIDING 1987 RESULTS |
State-owned Korea Electric Power Corp (KEPCO) has signed contracts with three U.S. Firms to supply equipment and services for its tenth and eleventh nuclear power plants a KEPCO spokesman said. Combustion Engineering Inc <CSP> will supply pressurised light-water reactors General Electric Co <GE> will provide turb... | SOUTH KOREA SIGNS CONTRACTS FOR TWO NUCLEAR PLANTS |
Group shr 35.99 yen vs 38.28 Net 21.01 billion vs 21.08 billion Current 47.73 billion vs 48.06 billion Operating 55.04 billion vs 54.99 billion Sales 792.71 billion vs 864.28 billion NOTE - Company forecast for current year is group shr 37.70 yen net 22 billion current 52 billion and sales 800 billion. REUTER | BRIDGESTONE CORP <BRIT.T> YEAR TO DECEMBER 31 |
The state-owned Peoples Construction Bank of China is making its first foreign borrowing 300 mln dlrs to finance a large ethylene plant in Shanghai the Peoples Daily said. The newspapers overseas edition said the plant will produce 300000 tonnes of ethylene a year. It said the bank last year started foreign exchange se... | CHINESE BANK TO MAKE FIRST FOREIGN BORROWING |
<Equiticorp Hongkong Ltd> is planning a 30 mln U.S. Dlr transferrable loan facility to raise working capital lead managers <Manufacturers Hanover Asia Ltd> and <Manufacturers Hanover Ltd> said. The two year loan with bullet repayment carries interest at 5/8 of a percentage point over the London interbank offer... | EQUITICORP H.K. UNIT TO RAISE 30 MLN U.S. DLRS |
The maximum export rebate granted at yesterdays EC sugar tender marked no change in policy over producer complaints that they are not obtaining the EC intervention price in exporting sugar outside the Community EC Commission sources said. The maximum rebate was 46.496 Ecus per 100 kilos for 118350 tonnes of sugar down ... | EC SUGAR TENDER SEEN MARKING NO CHANGE IN POLICY |
CIBC Australia Ltd is issuing a zero coupon eurobond with a total redemption amount of 125 mln Australian dlrs due May 15 1992 priced at 54 pct sole lead manager CIBC Ltd said. The issue is available in denominations of 1000 and 10000 Australian dlrs and is guaranteed Canadian Imperial Bank of Commerce. The selling con... | CIBC UNIT ISSUES AUSTRALIAN DLR ZERO COUPON BOND |
The current year has opened well with trading prospects remaining favourable Burmah Oil Co Plc <BURM.L> said in a statement with its 1986 results. The company plans to maintain a steady rate of investment in its marketing operations and to obtain improved profit margins on its liquified natural gas LNG project. Burm... | BURMAH OIL PROSPECTS REMAIN FAVOURABLE |
Year 1986 Consolidated net profit 67 mln Swiss francs vs 42 mln. Dividend 100 francs per registered share vs 80 francs and 10 francs per participation certificate vs eight. Consolidated turnover 4.55 billion francs vs 4.54 billion. Parent company net profit 38.2 mln francs vs 26.4 mln. Parent company turnover 2.20 bill... | GEBRUEDER SULZER 1986 PROFIT UP ALMOST 60 PCT |
Mitsubishi Corp <MITT.T> said it will issue a 50 billion yen unsecured seven-year convertible bond and a 30 billion yen unsecured nine-year convertible bond on the domestic capital market through public placement with Nikko Securities Co Ltd as lead manager. Coupon and conversion price for both par-priced bonds will... | MITSUBISHI TO ISSUE TWO CONVERTIBLE BONDS |
The British Civil Aviation Authority (CAA) has granted licenses for two airlines <Brymon Airways> and <Eurocity Express> to fly three lucrative European routes from the 20 mln stg London docklands airport. Brymon plans to offer five flights a day from the London City Airport to Paris and three to Amsterdam and Br... | NEW LONDON AIRPORT WILL OFFER FLIGHTS TO EUROPE |
The leaders of two of Japans top business groups said in separate statements the Group of Seven (G-7) accord reached in Washington yesterday is of deep concern to Japan because it shows the major industrial nations regard the yens current level as appropriate. Eishiro Saito chairman of the Federation of Economic Organi... | JAPAN BUSINESS LEADERS SAY G-7 ACCORD IS WORRYING |
<Kowloon Electricity Supply Co Ltd> a joint venture of China Light and Power Co Ltd <CLPH.HK> and Exxon Corp <XON> has renewed and increased an existing commercial paper program arranger <Schroders Asia Ltd> said. The fully underwritten program which expires this month has been extended to December 1990 and... | CHINA LIGHT UNIT RENEWS COMMERCIAL PAPER FACILITY |
Sankei Building Co Ltd is issuing a 60 mln dlr equity warrant eurobond due May 7 1992 paying an indicated coupon of 2-1/8 pct and priced at par lead manager Nomura International Ltd said. The issue is guaranteed by Sumitomo Bank Ltd and is available in denominations of 5000 dlrs. The selling concession is 1-1/2 pct whi... | SANKEI BUILDING ISSUES EQUITY WARRANT EUROBOND |
The Chicago Board of Trade (CBOT) will list yen bond futures contracts once the U.S. Commodity Futures Trading Commission gives its approval which could come within six months CBOT chairman Karsten Mahlmann said. Mahlmann earlier told a press conference he would visit Kyoji Kitamura director-general of the Finance Mini... | CBOT SEES YEN BOND FUTURES LISTING IN SIX MONTHS |
<Pergamon Holdings Ltd> and its associate companies said that they had sold 30 mln ordinary shares in the British Printing and Communication Corp Plc <BPCL.L> and 10.5 mln in <Hollis Plc> together with other securities. No total price was given but the company said the proceeds of the sales would be used to fu... | PERGAMON HOLDINGS REDUCES BPCC AND HOLLIS STAKES |
British Foreign Secretary Sir Geoffrey Howe and U.S. Secretary of State George Shultz plan to discuss the growing crisis in trade relations with Japan in talks in Washington government officials said. Howe views the apparent deadlock in British attempts to secure a greater share in Japanese domestic markets very seriou... | BRITAIN, U.S. TO DISCUSS JAPAN TRADE RELATIONS |
Year 1986 Net profit 635.5 mln guilders vs 603.4 mln. Revenues 17.35 billion guilders vs 17.27 billion. Net profit per nominal 2.50 guilder share 5.79 guilders vs 5.67 corrected for capital increase. (1985 uncorrected figure 5.73). Dividend 2.50 guilders vs 2.38 corrected. (2.40 uncorrected.) Note - Full name is Nation... | NATIONALE NEDERLANDEN PROFITS, SALES STEADY |
<Bond Corp International Ltd> said it has sold a residential block at Hong Kongs mid-levels to a joint venture between Sun Hung Kai Properties Ltd <SHKP.HK> and <New Town (N.T.) Properties Ltd> for 138 mln H.K. Dlrs. Bond International a subsidiary of the Australia based Bond Corp Holdings Ltd <BONA.S> will... | BOND INTERNATIONAL SELLS H.K. RESIDENTIAL BUILDING |
The statement issued today by the Group of Seven (G-7) industrialised nations has put Japan under greater international pressure to stimulate its economy or face a further rise in the yen private economists and analysts said. They said the communique reflected increased foreign frustration with Japans burgeoning trade ... | G-7 COMMITMENT TESTS JAPAN'S WILL TO BOOST ECONOMY |
Ta Chung Hua Rubber Factory of Shanghai will raise a 30 to 35 mln U.S. Dlr loan to expand and modernise its plant arranger CCIC Finance Ltd said. The loan to be lead managed by the Bank of China is expected to mature in eight to nine years but terms have not been finalized. The money will be used to import manufacturin... | SHANGHAI TYREb FACTORY TO RAISE 30 MLN U.S. DLRS |
Saudi riyal interest rates rose as Bahrain-based banks scrambled to cover short positions dealers said. Several Bahrain banks had been lending in the fixed periods and borrowing in the short dates but today they found the day-to-day money in short supply dealers said. Everybodys stuck in the spot-next one trader said. ... | SAUDI RATES RISE AS BAHRAIN BANKS CAUGHT SHORT |
Belgium plans to issue Swiss franc warrants to buy gold with Credit Suisse as lead manager market sources said. No confirmation or further details were immediately available. REUTER | BELGIUM TO ISSUE GOLD WARRANTS, SOURCES SAY |
Tabuchi Electric Co is launching 30 mln Swiss francs of five-year straight notes with a 4-3/4 pct coupon and par issue price lead mananger Swiss Bank Corp said. Payment is due April 22. REUTER | TABUCHI ELECTRIC ISSUES 30 MLN SWISS FRANC NOTES |
The Philippine Long Distance Telephone Co <PLDT.MN> is planning a two-for-one stock split and a 20 pct stock dividend later this year to reduce excess market buoyancy Vice-President Sennen Lazo told Reuters. Lazo said the stock split would reduce the par value of the companys common stock from 10 to five pesos. He s... | PHILIPPINE TELEPHONE FIRM PLANS STOCK SPLIT |
The coupon on the Bank of Tokyo Ltds 100 mln Swiss franc convertible has been cut to 7/8 pct from the indicated 1-1/4 pct lead manager Swiss Bank Corp said. The conversion price has been set at 1590 yen the same as todays close. The exchange rate has been set at 96.84 yen to the franc. Payment is due April 30. The conv... | COUPON CUT ON BANK OF TOKYO SWISS FRANC ISSUE |
London-based trader Cargill (U.K.) Ltd confirmed it sold one cargo of white sugar to India for shipment April 15/May 15 at yesterdays tender. Price details were not immediately available but some traders suggested business had been done around 220 dlrs a tonne cif. India tendered for one or two cargoes of white sugar. ... | CARGILL CONFIRMS WHITE SUGAR SALE TO INDIA |
Malaysia has asked Japan for a 42 billion yen 25-year loan to finance the construction of gas pipelines from eastern Trengganu to southern Johor the Overseas Economic Cooperation Fund (OECF) said. OECFs chief representative Takashi Matsuya told reporters the Japanese Government is appraising the loan. Another OECF offi... | MALAYSIA SEEKS 42 BILLION YEN PIPELINE LOAN |
Credit Commercial de France <CCFP.PA> reported a parent company net profit up 34.8 pct to 140.1 mln francs from 103.9 mln francs a few weeks before its denationalisation around the end of this month. Official sources said the bank Frances sixth largest in terms of its deposits and seventh in terms of its assets plan... | CCF REPORTS 34.8 PCT PROFIT BOOST, SHARE SPLIT SEEN |
The European Investment Bank (EIB) is issuing a 40 billion yen eurobond due May 6 1994 paying 4-5/8 pct and priced at 101-1/2 lead Nomura International Ltd said. The non-callable bond is available in denominations of one mln yen and will be listed in Luxembourg. The selling concession is 1-1/8 pct while management and ... | EIB ISSUES 40 BILLION YEN EUROBOND |
The International Development Association (IDA) is lending 18.6 mln dlrs to Sri Lanka for agricultural research and development the World Bank said in a statement. The loan is part of a 26.5 mln dlr project to improve production of commodities mainly rice and raise farmer incomes. Other financing for the project will c... | IDA GIVES 18.6 MLN DLR LOAN TO SRI LANKA |
Johnson Matthey today issued the following Platinum group base prices (unfabricated) all U.S. Dlrs per troy ounce. Previous prices in parentheses. PLATINUM - 562 (567) PALLADIUM - 130 (130) IRIDIUM - 400 (400) RHODIUM 1230 (1230) RUTHENIUM - 80 (80) | JOHNSON MATTHEY'S PLATINUM GROUP PRICES |
Lex Service Plc <LEXL.L> said it had acquired <Sears Motor Group Ltd> the retail motor distribution arm of Sears Plc < SEHL.L> and an 11.9 mln stg loan note payable by Sears Motor for 33.4 mln stg. The purchase will be through 1.4 mln stg in cash and the issue to Sears Plc of 8.0 mln new Lex ordinary shares. T... | LEX SERVICE BUYS SEARS MOTOR GROUP |
The Philippines will import 250000 bags of cement worth 375000 dlrs from Indonesia by the end of the month to meet growing demand from the construction sector Trade and Industry Secretary Jose Concepcion said. He told reporters that local cement manufacturers had stepped up production but were falling short of demand. ... | PHILIPPINES TO IMPORT CEMENT FROM INDONESIA |
The Japan Development Bank is issuing a 150 mln dlr eurobond due May 20 1994 paying eight pct and priced at 101-1/8 pct lead manager Bank of Tokyo International Ltd said. The non-callable bond is guaranteed by Japan and is available in denominations of 5000 dlrs. The selling concession is 1-1/4 pct while management and... | JAPAN DEVELOPMENT BANK ISSUES 150 MLN DLR EUROBOND |
Officials from Indonesia Malaysia Singapore and perhaps Thailand will meet here tomorrow to discuss increased regional cooperation on rubber marketing and ways to raise rubber prices industry sources said. The officials will discuss linking rubber markets in the four countries to improve price transparency the sources ... | MAJOR RUBBER PRODUCERS TO MEET IN SINGAPORE |
MEPC Plc <MEPC.L> said that its offer for <Oldham Estates Ltd> would remain open until further notice. On February 26 MEPC made an agreed bid for Oldham based on a formula reflecting its asset value at 30 September 1986. A year earlier Oldhams net asset value was put at 531.4 mln stg. As of 1 April the valuation ... | MEPC EXTENDS OFFER FOR OLDHAM |
Toronto Dominion Bank Nassau Branch has increased its eurobond offering to 50 mln Australian <dlrs from 40 mln lead manager Hambros Bank Ltd said. All other terms remain the same. REUTER | TORONTO DOMINION AUSTRALIA DOLLAR BOND INCREASED |
Year to December 31 1986. Shr 18.35p vs 14.95p Div 3.75p vs 2.9p making 4.75p vs 3.75p Pretax profit 66.5 mln stg vs 46.9 mln Tax 14.6 mln stg vs 4.5 mln Net profit 51.9 mln stg vs 42.4 mln Turnover 1.44 billion stg vs 1.58 billion Note - Full name of company is George Wimpey Plc <WMPY.L>. Operating profit before ex... | GEORGE WIMPEY PROFITS UP 42 PCT TO 66.5 MLN STG |
CANADA FEBRUARY TRADE SURPLUS 1.25 BILLION DLRS AFTER JANUARY 623 MLN DLRS SURPLUS | |
Net profit 327.1 mln guilders vs 307.5. Total revenue 7.97 billion guilders vs 8.7 billion. Net profit per five guilder nominal share 9.33 guilder vs 9.25 (corrected for capital increase). Final dividend 1.30 guilders and 2.4 pct stock vs 1.30 guilders and 2.2 pct in stock. Interim dividend already paid was 1.30 guilde... | AEGON 1986 NET PROFIT RISES 6.4 PCT |
Canada had a trade surplus of 1.25 billion dlrs in February compared with an upward revised 623 mln dlrs surplus in January Statistics Canada said. The January surplus originally was reported at 533 mln dlrs. The February surplus last year was 189 mln dlrs. February exports seasonally adjusted were 10.44 billion dlrs a... | CANADA FEBRUARY TRADE SURPLUS 1.2 BILLION DLRS |
The Bank of Japan bought a modest amount of dollars at around 145.10 yen just after the market here opened dealers said. Just before the opening the dollar dropped swiftly as speculators concluded the Group of Seven (G-7) comminuique issued in Washington contained nothing basically new they said. It fell about a half y... | BANK OF JAPAN BUYS DOLLARS IN TOKYO, DEALERS SAY |
Japanese Finance Minister Kiichi Miyazawa said the strengthening of the yen against the dollar that has occurred since the Paris Agreement was within the range agreed on in the Louvre discussions. I would say that what has happened (to the yen) in the past several weeks was not outside the range we agreed to in the dis... | MIYAZAWA SAYS YEN STILL INSIDE PARIS RANGE |
Brazils three most powerful state governors have joined forces to seek the removal of Finance Minister Dilson Funaro. The governors of Sao Paulo Rio de Janeiro and Minas Gerais told a news conference they want changes in the cabinet and in the shaping of economic policy with Funaro singled out for criticism by Sao Paul... | THREE BRAZILIAN GOVERNORS SEEK REMOVAL OF FUNARO |
Three people were killed and two others injured when a huge explosion believed to be a bomb went off in a suburb of Botswanas capital Gaborone. Witnesses told Reuters the blast near the headquarters of the Botswana Defence Force occurred at about 2 A.M. (1200 GMT) and flattened several houses. Minutes after the explosi... | THREE KILLED IN BOTSWANA BLAST |
The coupon on the 100 mln dlr 15-year convertible eurobond for the Bank of Tokyo Ltd has been cut to 1-3/4 pct from the two pct initially indicated lead manager Bank of Tokyo International Ltd said. The foreign exchange rate has been set at 146.40 yen to the dollar but details of the conversion price were not immediate... | COUPON CUT ON BANK OF TOKYO DOLLAR CONVERTIBLE |
The Bank of England said it operated in the money market this morning buying 103 mln stg bank bills. The central bank bought in band one 60 mln stg at 9-7/8 in band two eight mln at 9-13/16 in band three 26 mln at 9-3/4 and in band four nine mln stg at 9-11/16 pct. This compares with the banks forecast of a 400 mln stg... | U.K. MONEY MARKET GETS 103 MLN STG HELP |
Japan which has been accused of dumping everything from steel to computer microchips on world markets is now under attack for alleged cut-throat selling of a product of a different sort -- banking services. At meetings here this week Bank of England officials pressed their Japanese counterparts to change regulations th... | JAPAN CRITICISED FOR "DUMPING" OF BANK SERVICES |
The Netherlands largest insurer Nationale Nederlanden NV <NTTN.AS> (NatNed) said it expected at least unchanged results in 1987 after reporting 1986 net profits up 5.3 pct to 635.5 mln guilders from 603.4 mln in 1985 Revenues increased by 0.5 pct to 17.35 billion guilders after 17.27 billion the previous year and th... | NATNED FORECASTS 1987 RESULTS IN LINE WITH 1986 |
British Foreign Secretary Sir Geoffrey Howe and U.S. Secretary of State George Shultz plan to discuss the growing crisis in trade relations with Japan in talks in Washington government officials said. Howe views the apparent deadlock in British attempts to secure a greater share in Japanese domestic markets very seriou... | BRITAIN, U.S. TO DISCUSS JAPAN TRADE RELATIONS |
Shares of Continental Gummi-Werke AG <CONG.F> opened eight marks stronger in an otherwise mixed Frankfurt market and dealers attributed the trend to favourable press reports about a new tyre system the company is developing. The shares later eased to 344.50. A spokesman for the West German Automobile Association ADA... | CONTI SHARES OPEN HIGHER ON GOOD NEW TYRE REVIEWS |
 BANK OF FRANCE RETURN - APR 9 Week end Apr 2 (in mln francs) Gold reserves 218316 (unch) Convertible Currency Reserves 119518 (116728) Ecus 62008 (62020) Special Operations (advances to Exchanges stabilisation fund) nil (nil) Special Drawing Rights 6866 (unch) Notes In Circulation 209260 (207517) Foreign Liabiliti... | |
European currency markets reacted quietly to the G-7 communique with comments from bankers and dealers ranging from disappointment that it was not more concrete to surprise that the markets should have expected so much. The dollar opened lower against virtually all currencies and traded in a narrow range after the comm... | EUROPEAN MARKETS REACT QUIETLY TO G-7 COMMUNIQUE |
The Soviet Union displayed spying equipment it said had been placed by American agents in five different Soviet buildings in the United States. A Foreign Ministry spokesman told a news conference the equipment demonstrated the widespread illegal activities against Soviet people and missions in the United States by Amer... | SOVIET UNION ACCUSES U.S. OF SPYING |
Remarks by central bankers raised some hopes the Bundesbank will cut rates on securities repurchase pacts but operators remained divided on the likelihood of a move in the near term money market dealers said. Comments by Bundesbank board member Claus Koehler yesterday that rate cuts were needed to curb money supply gro... | GERMAN MONEY MARKET SPLIT ON LOWER RATE PROSPECTS |
Swedish drug firm AB Astra <ASTS.ST> shares rose 48 crowns to 690 in the first two hours of trading on the Stockholm Bourse amid hopes its research into anti-viral drugs may have promising results in the treatment of Acquired Immune Deficiency Syndrome (AIDS). Stockbrokers said the shares which climbed amid heavy in... | SWEDISH DRUG FIRM ASTRA RISE ON AIDS HOPES |
Thailand is to negotiate tomorrow with selected trade houses for renewal of long term raw sugar sales contracts to cover the next five years at a rate of 60000 tonnes annually traders said. They also reported vague talk Algeria may be seeking 50000 tonnes of raws tomorrow but details are unclear. REUTER | THAILAND TO RENEW LONG TERM SUGAR CONTRACTS -TRADE |
The European Community launched an investigation into allegations of dumping by Japanese semiconductor makers in a move which diplomats said could mark an intensification of world trade strains. Tokyo already faces a deadline of April 17 from Washington for the imposition of 300 mln dlrs worth of tariffs on chips it im... | EC LAUNCHES ANTI-DUMPING PROBE ON JAPANESE CHIPS |
The Swiss Federal Government will launch a new series of three month money market certificates totalling around 150 mln Swiss francs the National Bank said. Subscriptions close April 14 and payment date is April 16. The last series of three month paper issued in March raised 147.3 mln francs at an issue price of 99.142... | SWISS TO LAUNCH NEW SERIES OF MONEY MARKET PAPER |
European currency markets reacted quietly to the G-7 communique with comments from bankers and dealers ranging from disappointment that it was not more concrete to surprise that the markets should have expected so much. The dollar opened lower against virtually all currencies and traded in a narrow range after the comm... | EUROPEAN MARKETS REACT QUIETLY TO G-7 COMMUNIQUE |
Finance ministers from seven major industrialized nations agreed on the need to stabilize currencies at current levels but said more action was needed to reduce trade imbalances and sustain economic growth. In a communique issued after a four-hour meeting at the U.S. Treasury that ended last night the ministers said th... | FINANCE MINISTERS AGREE ON NEED FOR STABILITY |
Dutch insurer AEGON NV <AEGN.AS> reported a 6.4 pct increase in 1986 net profits to 327.1 mln guilders and said it expected a moderate increase in profits for 1987. Total revenue was eight pct lower in 1986 at 7.97 billion guilders vs 8.7 billion guilders in 1985. The company said its revenues were down due to lower... | AEGON EXPECTS MODERATE RISE IN 1987 PROFITS |
Following is the text of a statement by the Group of Seven -- the U.S. Japan West Germany France Britain Italy and Canada -- issued after a Washington meeting yesterday. 1. The finance ministers and central bank governors of seven major industrial countries met today. They continued the process of multilateral surveill... | G-7 ISSUES STATEMENT AFTER MEETING |
Japanese Finance Minister Kiichi Miyazawa said the Group of Seven (G-7) countries reaffirmed their Paris accord on stabilising currencies to convince the market of their resolve. At a news conference after todays G-7 meeting Miyazawa said the ministers and central bank governors did not believe a totally new statement ... | G-7 WANTS TO SHOW MARKETS ITS RESOLVE - MIYAZAWA |
The yen is likely to start another uneven rise against the dollar and other major currencies because the Group of Seven communique contained nothing new currency and bond analysts here said. Is that it? I was expecting something more than that said one trader at a major Wall Street securities company. Marc Cohen of Rep... | YEN SEEN RISING AFTER G-7 COMMUNIQUE |
The leaders of two of Japans top business groups said in separate statements the Group of Seven (G-7) accord reached in Washington yesterday is of deep concern to Japan because it shows the major industrial nations regard the yens current level as appropriate. Eishiro Saito chairman of the Federation of Economic Organi... | JAPAN BUSINESS LEADERS SAY G-7 ACCORD IS WORRYING |
The statement issued today by the Group of Seven (G-7) industrialised nations has put Japan under greater international pressure to stimulate its economy or face a further rise in the yen private economists and analysts said. They said the communique reflected increased foreign frustration with Japans burgeoning trade ... | G-7 COMMITMENT TESTS JAPAN'S WILL TO BOOST ECONOMY |
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