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Shr 18 cts vs 13 cts Net 5,436,000 vs 3,888,000 Sales 43.9 mln vs 31.5 mln Avg shrs 30,145,000 vs 28,976,000 Nine mths Shr 51 cts vs 38 cts Net 15,320,000 vs 11,098,000 Sales 123.6 mln vs 91.2 mln Avg shrs 30,157,000 vs 29,046,000 NOTE: Earnings adjusted for three-for-two stock split...
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Unidentified jets raided three Iranian oil rigs in the southern Gulf on Monday, setting at least one of them ablaze, regional shipping sources said. Reuter
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Saudi Arabia is likely to remain the key supplier of liquefied petroleum gas (LPG) to Japan for at least the next five years, oil industry sources said. Japan, while diversifying its supply sources of propane and butane for stable supplies, will continue to bank on Saudi Arabian LPG, the sources said. They said...
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Shr loss nine cts vs loss 12 cts Net loss 649,000 vs loss 850,000 Revs 5,059,000 vs 4,084,000 Avg shrs 7,041,000 vs 6,900,000 NOTE: Current year net includes charge 152,000 dlrs from amortization of previously capitalized software costs. Capitalized product development costs 276,000 dlrs vs 640,000 dlrs...
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Shr 36 cts vs 36 cts Shr diluted 34 cts vs 31 cts Net 1,679,000 vs 1,418,000 Sales 147.2 mln vs 121.5 mln Avg shrs 4,608,000 vs 3,963,000 Avg shrs diluted 5,585,000 vs 5,463,000 Nine mths Shr 1.04 dlrs vs 86 cts Shr diluted 93 cts vs 77 cts Net 4,387,000 vs 3,393,000 Sales 420.3 ...
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Shr 52 cts vs 43 cts Net 17.7 mln vs 14.2 mln Sales 413.1 mln vs 361.6 mln Avg shrs 34.3 mln vs 30.3 mln Nine mths Oper shr 1.58 dlrs vs 66 cts Oper net 53.9 mln vs 26.7 mln Sales 1.22 billion vs 1.08 billion Avg shrs 33.5 mln vs 35.2 mln NOTE: 1986 nine mths net includes 20.6 mln dl...
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The thriving market in Luxembourg franc bond issues has been temporarily stalled by the Belgian government crisis which has put the franc under pressure and forced up interest rates, banking sources said. On Monday, King Baudouin accepted the resignation of Belgian Prime Minister Wilfried Martens' coalition and ask...
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U.S. television networks said on Monday that U.S. forces launched a retaliatory strike against Iran late Sunday, apparently attacking two Iranian offshore oil drilling platforms. NBC News said it understood six Iranians had been pulled from the sea. It said cautiously that U.S. forces attacked late Sunday and t...
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Thai traders plan to establish a company to regulate maize forward trading, in what could be a first step towards a commodities futures exchange, maize dealers said. Traders and Internal Trade Department officials agreed last week to commission a study on a structure to regulate maize forward trading and to set up ...
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A U.S. Defense Department spokesman said he had no information on London oil and stock market rumors that the United States had launched a retaliatory strike against Iran for an attack on Friday that damaged a U.S. shi "I don't have anything," Major Randy Morger said. "I have no information at all." President R...
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South Yemen is planning a major oil pipeline system to be completed in 18-months time to start exports at a initial rate of 100,000 barrels per day, (bpd) the Middle East Economic Survey (MEES) said. MEES said government approval for the export pipeline followed a visit to Aden by a high ranking delegation from the...
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Trafalgar House Plc <TRAF.L> said it has acquired the entire share capital of <Capital Homes Inc> of the U.S. For 20 mln dlrs in cash. Capital Homes builds single family homes in the Washington D.C. Area and is also active as a land developer both for its own use and for sale to other builders. In the fin...
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Kuwait's oil exports have not been affected by the seven-year Iran-Iraq war, Kuwait Oil Tanker Company (KOTC) Chairman and Managing Director Abdul Fattah al-Bader told a Kuwaiti newspaper. "Kuwait has exploited all available opportunities to continue exporting its oil without any reduction," the Al-Anbaa newspaper ...
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Karl Otto Poehl, head of West Germany's central bank, and Finance Minister Gerhard Stoltenberg are normally so much in agreement that some foreigners doubt the central bank's independence. But a rare public row between the ebullient Poehl, president of the Bundesbank, and Stoltenberg, over a controversial investmen...
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Venezuelan Central Bank President Hernan Anzola has submitted his resignation and asked President Jaime Lusinchi to transfer him to a post in the oil industry, two leading Venezuelan newspapers reported. The El Universal and El Nacional papers said Anzola would leave his position soon. Lusinchi already has decided ...
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French Finance Minister Edouard Balladur issued a firm call for the continued faithful application of the Louvre accords on currency stability by all major industrial countries. Balladur, responding to weekend remarks by U.S. Treasury Secretary James Baker that the U.S. Would take another look at the accords, said ...
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Iran warned the United States on Monday against exacerbating the Gulf crisis, saying it would endanger American interests. Tehran Radio, monitored by the British Broadcasting Corporation, said a spokesman for Iran's War Information Headquarters was responding "to U.S. Officials' remarks about taking military action...
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The West German Finance Ministry declined to comment on weekend criticism by U.S. Treasury Secretary James Baker of recent West German interest rate increases. Baker said the U.S. Would re-examine the February Louvre Accord to stabilise currencies reached by leading industrial democracies. The rise in West Germany ...
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The Cyprus vessel Fearless, 31,841 tonnes dw, which was on fire, grounded then towed to Yantai, China, in August, had all its cargo reloaded but the cargo in the no. 3 hold caught fire on October 15. The fire was put out with salt water and water from the no.4 hold has spread over most of the cargo. Some water is a...
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Lloyds Shipping Intelligence service said the British bulk carrier Envoy, 75,453 tonnes dw, was grounded at Mile 190 in the Orinoco river on October 16. The vessel was on a voyage from Trombetas, Brazil, to Matanzas, Cuba, carrying 50,000 tonnes of bauxite. Its draught was 36 feet. Attempts to refloat the vess...
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China expects its 1987 grain harvest to be 397 mln tonnes, eight mln tonnes short of its target, the New China News Agency quoted a State Statistical Bureau spokesman as saying. The harvest will be China's second highest in history but poor weather and low incentives for grain-producing farmers have kept yields dow...
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South Africa must drive down its inflation rate to much lower levels to prevent a further decline in the rand, said Volkskas Bank in its monthly economic review. The bank said that without a major drop in the inflation rate, the rand was bound to eventually decrease even more, regardless of a sharp rise in the gold...
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Equiticorp Holdings Ltd <EQUW.WE> now owns or has received acceptances representing 59.93 pct of the issued ordinary share capital of Guinness Peat Group Plc <GNSP.L>, Equiticorp said in a statement. Equiticorp's offer for Guinness Peat became unconditional on October 3, when it had 50.6 pct, and closed on Oc...
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Lebanon's Bankers Association said it extended its suspension of trading in the Lebanese pound for two more working days to study ways to stem the currency's collapse. The Central Bank did not post the rate of the pound to the dollar and other currencies on Monday. The pound closed on Thursday at 407.00/412.00 to t...
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Den Norske Stats Oljeselskap A/S (Statoil) <STAT.OL>, operator on Norway's North Sea Veslefrikk oil field, has placed field development contracts totalling 1.5 billion crowns with two domestic yards, the company said in a statement. Moss Rosenberg Verft, a subsidiary of Kvaerner Industrier A/S <KVIO.OL> won a...
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The Group of Seven (G-7) industrial nations still comply with last February's Louvre accord to stabilize currencies, a senior Bank of Japan official said. And U.S. Treasury Secretary James Baker's remarks at the weekend indicating the need to revise it do not herald a lower range for the dollar, other senior offici...
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Cable and Wireless Plc <CAWL.L> said it will merge its Hong Kong Telephone Co Ltd <TELH.HK> and <Cable and Wireless (Hong Kong) Ltd> units into a new holding firm to be called <Hong Kong Telecommunications Ltd>. Under the merger, H.K. Telephone shareholders will receive two H.K. Telecommunication shares...
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Nine months ended August 31 Group shr 118.66 yen vs 100.89 yen Group shr per ADS 237.32 vs 201.78 Net 14.28 billion vs 12.14 billion Pretax 34.48 billion vs 29.45 billion Sales 288.08 billion vs 278.50 billion Company's full name is TDK Corp <TDK.T>. REUTER
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Third quarter ended August 31 Group shr 34.92 yen vs 34.74 Group shr per ADS 69.84 vs 69.48 Net 4.20 billion vs 4.18 billion Pretax 10.30 billion vs 9.73 billion Sales 95.96 billion vs 92.59 billion Company's full name is TDK Corp <TDK.T> REUTER
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French Finance Minister Edouard Balladur issued a firm call for the continued faithful application of the Louvre accords on currency stability by all major industrial countries. Balladur, responding to weekend remarks by U.S. Treasury Secretary James Baker that the U.S. Would take another look at the accords, said ...
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An income tax surcharge and capital gains tax could bring about an urgently needed depreciation of the N.Z. Dollar, independent economist Len Bayliss said. Bayliss, a former economist with the Reserve Bank and the Bank of New Zealand, said a major depreciation is needed to restore export competitiveness even if inf...
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The Philippines' trade deficit widened to 542 mln dlrs in the eight months to end-August from 159 mln dlrs in the same 1986 period, the National Statistics Office said. It said exports in the eight-month period rose to 3.58 billion dlrs from 3.18 billion in 1986, while imports rose to 4.12 billion dlrs from 3.34 bi...
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The Soviet Union has agreed to supply Iran with refined oil products in exchange for 100,000 barrels per day of crude, Iran's national news agency, IRNA, said. IRNA, monitored in Nicosia, quoted Oil Minister Gholamreza Aqazadeh as saying on his return to Tehran from Moscow that the agreement was part of a protocol ...
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Thai rice exports rose to 72,987 tonnes in the week ended October 13 from 54,075 the previous week, the Commerce Ministry said. It said the government and private exporters shipped 26,272 and 46,715 tonnes respectively. Private exporters concluded advance weekly sales for 106,640 tonnes against 98,152 the previous ...
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Chase Corp Ltd <CHCA.WE> said it will make an offer for all fully-paid shares and options of <Entregrowth International Ltd> it does not already own. Chase, a property investment firm, said it holds 48 pct of Entregrowth, its vehicle for expansion in North America. It said agreements are being concluded t...
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Tokyo's foreign exchange market is watching nervously to see if the U.S. Dollar will drop below the significant 140.00 yen level, dealers said. "The 140 yen level is key for the dollar because it is considered to be the lower end of the reference range. If the currency breaks through this level, it may decline shar...
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The Japan/India-Pakistan-Gulf/Japan shipping conference said it would cut the extra risk insurance surcharges on shipments to Iranian and Iraqi ports to a minimum three pct from 4.5 pct on October 25. It said surcharges on shipments of all break-bulk cargoes to non-Iraqi Arab ports would be reduced to 3.0 pct from ...
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