📄 reut2-013.sgm
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u f BC-BRITAIN'S-ECGD-DISCUS 04-03 0102</UNKNOWN>
<TEXT>
<TITLE>BRITAIN'S ECGD DISCUSSING NEW COVER FOR NIGERIA</TITLE>
<DATELINE> LONDON, April 3 - </DATELINE><BODY>Britain's Export Credits Guarantee
Department (ECGD) is holding talks with Nigeria aimed at
resuming insurance cover for British exporters to Nigeria, the
head of ECGD's international debt division, Gerry Breach, said.
The ECGD suspended cover on Nigeria in 1984 after the
country fell into arrears on payments of insured and uninsured
debts.
Following last week's bilateral accord between Britain and
Nigeria to reschedule the country's insured trade debts,
bankers had hoped that talks would commence on a resumption of
cover.
Breach made his comments in an address to a private meeting
of businessmen, a copy of which was made available to the
press.
Breach noted that for the ECGD to consider "a gradual
introduction of a package of new support" certain criteria would
have to be met.
This would involve the Nigerian economic structural
adjustment program being put into effect and being endorsed by
the International Monetary Fund, the program remaining on
course and continuing to be endorsed by the IMF and a
satisfactory level of acceptance by the Nigerian government of
the ECGD insured short-term trade arrears.
Breach said that these criteria are now beginning to be
satisfied, adding that while the ECGD could not yet formally
announce new cover, it was holding discussions with Nigeria on
priorities for new credits.
He said an announcement would be made "as soon as possible"
on an agreement and the ECGD would create a package for Nigeria
that would include the department's normal range of export
trade support facilities.
British exports to Nigeria exceeded 550 mln stg in 1986.
Breach noted that since cover was removed, the ECGD has
maintained a limited amount of short-term trade cover for
Nigeria, which was backed by letters of credit from the
Nigerian Central Bank.
While the ECGD would initially continue to use this
structure under a new package, it would also hope to expand the
volume of coverage in the short-term area and relax the terms
it is prepared to underwrite towards the commonly accepted
maximum of 180 days.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2012" NEWID="13043">
<DATE> 3-APR-1987 13:44:08.77</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f1857reute
d f BC-FCS-LABORATORIES-<FCS 04-03 0062</UNKNOWN>
<TEXT>
<TITLE>FCS LABORATORIES <FCSI> ENDS MERGER TALKS</TITLE>
<DATELINE> TEMPE, Ariz., April 3 - </DATELINE><BODY>FCS Laboratories said its merger
talks with another unidentified company in the health care
field ended without agreement.
The talks began last August, the company said.
The company also said it will no longer actively seek out
potential merger partners, but will respond to serious
inquiries.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2013" NEWID="13044">
<DATE> 3-APR-1987 13:45:46.93</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f1860reute
u f BC-******IBM-SECRETARY-J 04-03 0091</UNKNOWN>
<TEXT>
<TITLE>IBM <IBM> NEWLY NAMED SECRETARY DIES IN FIRE</TITLE>
<DATELINE> ARMONK, N.Y., APril 3 - </DATELINE><BODY>International Business Machines
Corp said recently elected secretary, John Manningham, and his
wife, Patricia, died early this morning in a fire at their
Reidgefield, Conn home.
Manningham, 53, began his IBM career in 1959 as a marketing
representative. His election would have been effective July 1.
Tom Irwin is the current secretary.
IBM Chairman John Akers said "this is a great loss to the
IBM Company and to the Manningham's family, friends and
community.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2014" NEWID="13045">
<DATE> 3-APR-1987 13:46:44.30</DATE>
<TOPICS><D>trade</D></TOPICS>
<PLACES><D>uk</D><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f1863reute
d f BC-UK-MINISTER-LOOKS-TO 04-03 0106</UNKNOWN>
<TEXT>
<TITLE>UK MINISTER LOOKS TO EASE TENSION WITH JAPAN</TITLE>
<DATELINE> LONDON, April 3 - </DATELINE><BODY>The U.K. government hopes for a
breakthrough on the deadlock with Japan over trade policies
during next week's visit to Tokyo by Corporate Affairs Minister
Michael Howard, political sources said.
Howard, who leaves for Japan tomorrow, told Reuters he will
try to promote understanding on trade issues during his visit.
Meanwhile, Britain will re-examine a letter from Japanese
Prime Minister Yasuhiro Nakasone promising personal help in
solving the row over a U.K. firm's bid to win a significant
role in Japan's telecommunications market, government sources
said.
Tensions have risen following Britain's decision to arm
itself early with new statutory powers which it says could be
used against certain Japanese financial institutions.
Britain reacted optimistically at first to the letter from
Nakasone to Prime Minister Margaret Thatcher, seeing it as a
signal that he would work towards ensuring a satisfactory
outcome to the bid launched by Cable and Wireless Plc,
government officials said.
But this view has since been clouded by reports from Tokyo
that Nakasone's assurances really constituted little more than
politeness in the face of British anger, they added.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2015" NEWID="13046">
<DATE> 3-APR-1987 13:54:45.70</DATE>
<TOPICS><D>trade</D></TOPICS>
<PLACES><D>usa</D><D>japan</D></PLACES>
<PEOPLE><D>conable</D></PEOPLE>
<ORGS><D>imf</D><D>worldbank</D></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F RM A
f1876reute
u f BC-CONABLE-WARNS-PROTECT 04-03 0082</UNKNOWN>
<TEXT>
<TITLE>CONABLE WARNS PROTECTIONISM MIGHT SPREAD</TITLE>
<AUTHOR> By Alver Carlson, Reuters</AUTHOR>
<DATELINE> WASHINGTON, April 3 - </DATELINE><BODY>World Bank President Barber Conable
expressed concern that trade protectionism, at the heart of a
new showdown between the United States and Japan, might spread
throughout the industrial world.
But in an interview with Reuters, Conable said the action
by the United States to slap tariffs on certain electronic
goods from Japan did not mean the countries were heading for a
full-scale trade war.
Conable said the World Bank has been pressing developing
countries to open their markets, arguing that a free trading
environment increased the possibility of global economic
growth.
"We have, in fact, been making adjustment loans to many
countries in the developing world which have encouraged the
opening of their markets and we want to be sure that the
developed world doesn't close at the same time," he said.
He said the U.S. action against Japan was "a significant
retaliatory step but it did not constitute a basic change in
trade policy."
The interview came just before next week's semi-annual
meetings of the Bank and the International Monetary Fund.
Referring to Brazil's recent interest payments moratorium,
Conable also said the global debt situation was very serious
and must be closely watched.
He said the Bank, which in the past has concentrated on
making loans that assist the basic underpinnings in the
developing world such as dams, roads and sewers, will
increasingly make assistance available for economic reform.
The Bank has increased these loans, in part because of the
debt crisis that has found countries desperately in need of new
funds for balance of payments adjustment and economic reforms
aimed at opening their markets, encouraging foreign investment
and reducing government's role in the economy.
"We're comfortable with adjustment lending, we expect,
however, that it will never reach a majority of our portfolio,"
Conable said.
He made clear, however, that adjustment lending would
continue to increase as a proportion of overall Bank lending
for some time.
He noted, "the problem of debt was a severe one and many
countries are asking for adjustment assistance because of the
problem of debt."
Conable, is a a former Republican Congressman from New York
chosen by President Reagan for the Bank position last year. He
is an associate of Treasury Secertary James Baker who launched
the U.S. strategy for shoring up indebted nations in October,
1985 which included a call for increased adjustment lending by
the World Bank.
Conable also said that he expected the result of a major
study of the Bank's organization to be completed in the next
several weeks.
He said the decision to seek a reorganization was based, in
part, on the fact that the Bank had come under fire from the
poorest countries for not doing enough to help and from the
richest countries because of inefficiency.
the reorganization is considered a major initiative by
Conable, and is being closely-watched by the agency's 151
member-countries as an indication of his management style and
priorities.
"I want to be sure this institution is viewed by those who
must support it as soundly constituted so that it will be
permitted to grow," Conable said.
However, he said "I don't believe there is anything
basically wrong with this institution and I don't believe it
has to have any redefinition of its purpose."
He said, however, that it was apparent that the debt
initiative proposed by Baker has given the Bank a central role
in dealing with the debt crisis.
Conable added that cooperation between the Bank and its
sister agency, the International Monetary Fund, was good and
that he talked often with IMF Managing Director Michel
Camdessus on a variety of issues.
On a personal level, Conable said that he not feel a need
to put his personal stamp on the Bank noting that "I don't have
a particular mission here except to be useful to the
institution and to the process of development."
He added, "so I don't feel a great calling to personalize
the institution."
On the development needs of sub-Sahara Africa, Conable said
that the Bank was constantly reviewing new ways for assisting
the region, noting that half of the recently agreed financing
of 12.4 billion dlrs for Bank's International Development
Association was earmarked for Africa.
Leading industrial nations are expected to consider new
forms of debt relief for the very poorest nations, like those
in the Sub-Sahara, during next week's meetings.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2016" NEWID="13047">
<DATE> 3-APR-1987 13:55:17.71</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f1877reute
r f BC-AMERICAN-SAVINGS-<AMS 04-03 0080</UNKNOWN>
<TEXT>
<TITLE>AMERICAN SAVINGS <AMSB> SEEKS STATE CHARTER</TITLE>
<DATELINE> TACOMA, Wash., April 3 - </DATELINE><BODY>American Savings Bank F.S.B. said
it applied for a state charter and it intends to change its
depositor insurance coverage to the Federal Deposit Insurance
Corp and to withdraw from coverage by the Federal Savings and
Loan Insurance Corp.
The savings bank also said state chartered institutions
have broader banking powers and the conversion will be in the
best interest of both shareholders and depositors.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2017" NEWID="13048">
<DATE> 3-APR-1987 13:55:26.39</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f1878reute
r f BC-LTV-<QLTV>-UNIT-WINS 04-03 0063</UNKNOWN>
<TEXT>
<TITLE>LTV <QLTV> UNIT WINS TWO ARMY CONTRACTS</TITLE>
<DATELINE> SOUTH BEND, Ind., April 3 - </DATELINE><BODY>LTV Corp said its AM General
division received two contracts valued at 11.7 mln dlrs from
the U.S. Army to make special equipment kits for Hummer troop
and cargo vehicles.
Deliveries are set for May 1987 through November 1988, the
company said. AM General is part of LTV Missiles and
Electronics Group.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2018" NEWID="13049">
<DATE> 3-APR-1987 13:57:12.03</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f1882reute
r f AM-PLANE-BOEING 04-03 0112</UNKNOWN>
<TEXT>
<TITLE>BOEING SEEKS CAUSE OF JAL ENGINE PROBLEM</TITLE>
<DATELINE> SEATTLE, April 3 - </DATELINE><BODY>Boeing Co. <BA> is trying to find out
what caused an engine brace to snap on one of Japan Air Line's
747-SR jumbo jets, a spokesman for the airplane manufacturer
said.
"We know about the problem and we have provided a service
advisory to operators of 747s," said the spokesman. "We are not
advising any massive inspections at this time."
The advisory alerts operators of the jumbo jets that a
problem has occurred and under what circumstances, but it does
not recommend any action.
"A 'service bulletin' would be sent out if there is
anything they should be concerned about," the spokesman said.
A JAL spokesman in Toyko said inspectors making a routine
check found one of three diagonal braces attaching an engine to
the wing of a 747-SR had snapped due to metal fatigue.
The airlines said it had order⌨️ 快捷键说明
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