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Agreement on Tariffs and Trade.
The proposed tax also violates the zero duty bindings
agreed between the EC and U.S. In 1962, he said.
Under the zero duty bindings pact U.S. Soybeans and
products can be exported to the Community duty-free.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11951" NEWID="7038">
<DATE>19-MAR-1987 08:08:32.15</DATE>
<TOPICS></TOPICS>
<PLACES><D>hong-kong</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f0600reute
u f BC-H.K.-BANKING-SECTOR-S 03-19 0100</UNKNOWN>
<TEXT>
<TITLE>H.K. BANKING SECTOR STABLE, OFFICIAL SAYS</TITLE>
<DATELINE> HONG KONG, March 19 - </DATELINE><BODY>The banking sector has regained its
stability after a protracted period of difficulty, banking
commissioner Robert Fell said.
"The banking climate has dramatically changed from a year
ago," he said at a news conference to present his annual report
on the banking sector for 1986.
"We've got confidence back. We've got profitability back." he
said.
A three-year shake out in the local banking sector forced
the government to take over three banks and arrange for the
acquisition of four others by the private sector.
Fell said that in many cases the bank problems stemmed from
management fraud which he linked partly to dramatic swings in
the stock and property markets in the early 1980s.
"We've got it out of the system now," he said. "Fraud is no
longer a systemic problem."
But he acknowledged there may still be problems.
"Deliberate fraud is difficult to detect especially where
collusion and senior management are involved," he said.
"Prudential supervision cannot give complete protection. The
(new banking) ordinance is designed to give a "measure" of
protection."
Fell said a number of banks want to set up operations in
Hong Kong, adding the government approved three banking
licences this week. He did not give details.
At the end of 1986, there were 151 licenced banks, 25 of
which were locally incorporated, compared with 143 a year ago.
Another 134 foreign banks had representative offices compared
with 131 a year ago.
There were 34 licensed deposit-taking companies (DTCs) and
254 registered DTCs at the end of 1986, compared with 35 and
278 respectively a year ago, he said.
Foreign banks seeking banking licences in Hong Kong must
have assets of 14 billion U.S. Dlrs. But Financial Secretary
Piers Jacobs said yesterday the asset criteria are flexible.
A high asset threshold has worked in the favour of banks
incorporated in countries with relatively large economies, he
noted.
"No licences in the last few years have been granted to
banks from any of the smaller countries in the Asia-Pacific
region," he said.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11952" NEWID="7039">
<DATE>19-MAR-1987 08:13:16.72</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f f BC-******AMERICAN-EXPRES 03-19 0014</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>AMERICAN EXPRESS SAYS IT'S HOLDING TALKS ON SALE OF SHEARSON STAKE TO NIPPON LIFE
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11953" NEWID="7040">
<DATE>19-MAR-1987 08:13:36.39</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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f0623reute
r f AM-SAVINGS 03-19 0103</UNKNOWN>
<TEXT>
<TITLE>SAVINGS BANK CLOSED, 15TH TROUBLED U.S. S&L OF YEAR</TITLE>
<DATELINE> WASHINGTON, March 18 - </DATELINE><BODY>The Federal Home Loan Bank Board
(FHLBB) announced today the replacement of a closed Santa Ana,
Calif., savings bank in the 15th federal action assisting
troubled U.S. savings institutions this year.
The FHLBB said Perpetual Savings Bank in Santa Ana was put
into receivorship because it was insolvent and was replaced by
a new federally chartered Perpetual Savings Association.
It said the savings bank's insolvency "was a direct result
of losses on speculative investments in real estate which were
not supported by appraisals."
The FHLBB said it appointed Great American First Savings
Bank <GTA> of San Diego to manage Perpetual Savings.
It said as of January 31, Perpetual had assets of 61.9 mln
dlrs.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11954" NEWID="7041">
<DATE>19-MAR-1987 08:15:06.00</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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<TEXT>
<TITLE>AMERICAN EXPRESS <AXP> MAY SELL SHEARSON STAKE</TITLE>
<DATELINE> NEW YORK, March 19 - </DATELINE><BODY>American Express Co said it and its
Shearson Lehman Brothers Inc subsidiary have been holding talks
on the possible equity investment in Shearson Lehman by <Nippon
Life Insurance Co> of Japan.
The company said, "The discussions have led to a general
understanding by which Nippon Life would purchase a 13 pct
equity investment in Shearson Lehman for approximately 530 mln
dlrs and American Express, Shearson Lehman and Nippon Life
would explore mutually advantageous, nonexclusive business and
investment opportunities."
The company said a definitive agreement on the matter is
subject to a number of conditions, including approval of the
American Express board and the Japanese Ministry of Finance.
The company said its board is scheduled to meet March 27
for its regular monthly sessions.
American Express said it is continuing to evaluate various
courses of action of strategic importance to Shearson Lehman in
addition to the possible investment by Nippon Life.
It said the options range from expanding Shearson's
capacity to meet international competition, to broadening
further its access to capital.
The company also said, "All the courses of action under
study reflect the continuing integral role of Shearson Lehman
in American Express' worldwide financial services strategy."
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11955" NEWID="7042">
<DATE>19-MAR-1987 08:15:21.69</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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<TEXT>
<TITLE>XEROX <XRX> TO STOP SELLING PC'S BY THEMSELVES</TITLE>
<DATELINE> NEW YORK, March 19 - </DATELINE><BODY>Xerox Corp has decided to stop selling
personal computers as standalone products, a company spokesman
said.
The spokesman said "As a first priority, we're selling PC's
as part of preconfigured systems, mostly desktop publishing
systems, and not by themselves anymore."
He said Xerox does not expect to take any material charge
from changing its marketing of personal computers. He said for
the past five years, Xerox has sold most of its PC's as
components of larger systems.
Another Xerox spokesman said the company actually stopped
selling personal computers alone on February 16 but never
announced the move.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11956" NEWID="7043">
<DATE>19-MAR-1987 08:16:10.53</DATE>
<TOPICS><D>money-fx</D><D>rand</D></TOPICS>
<PLACES><D>south-africa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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r f BC-S.AFRICA'S-FINANCIAL 03-19 0093</UNKNOWN>
<TEXT>
<TITLE>S.AFRICA'S FINANCIAL RAND SEEN HEADED HIGHER</TITLE>
<DATELINE> JOHANNESBURG, March 19 - </DATELINE><BODY>The financial rand, widely viewed
as a direct reflection of foreign investor confidence in South
Africa, appears headed above 30 U.S. Cents, dealers and bank
economists said.
The currency has risen about 25 pct in the past three
months to its current rate of 29.50 cents, due partly to signs
of a possible power shift with the appearance of a number of
independent candidates in the whites-only election on May 6,
they added.
It has risen about two cents this week alone.
"Another factor is that banks in London, where the main
market is based, are going long in the currency because of a
general feeling that it will rise in the future," one economist
said.
Dealers described 30 cents as a psychological barrier that
was expected to be broken soon after a brief consolidation
phase from recent gains.
After reaching 30 cents, "There is a chance of appreciation
to 32 cents in the next several weeks," one dealer said.
There was a widespread feeling that both the commercial
rand, holding stable at 48 cents, and the financial rand were
staying firm, banking sources said.
A Barclays National Bank executive who asked not to be
identified said: "The rise of the independents appears to be
indicative of a potential shift of power in the National Party
and has created a favourable sentiment overseas."
One dealer said growing business and investor interest from
West Germany and Switzerland were behind the financial rand's
rise.
Economists said foreigners also were being attracted by
South Africa's long-term government bonds and "semi-gilts" or
securities in partly government-owned firms, many with yields
as high as 30 pct. They could be purchased with financial rands
with interest paid in commercial rands.
"This has had a definite influence on the financial form of
the rand," a dealer said, adding that at present demand is
slightly in excess of supply.
The financial rand was reintroduced in September 1985 to
help end capital flight from South Africa during a period of
severe political unrest in the country.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11957" NEWID="7044">
<DATE>19-MAR-1987 08:22:06.66</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
A
f0648reute
r f BC-EX-REAGAN-AIDE-DEAVER 03-19 0113</UNKNOWN>
<TEXT>
<TITLE>EX-REAGAN AIDE DEAVER INDICTED ON PERJURY CHARGES</TITLE>
<DATELINE> WASHINGTON, March 19 - </DATELINE><BODY>Former White House aide Michael
Deaver, a long-time confidant of President Reagan, has been
indicted on charges of lying about his contacts as a Washington
lobbyist with top U.S. Government officials.
The five-count perjury indictment charged that Deaver lied
in sworn testimony to Congress and before the grand jury
investigating his business affairs.
Deaver, who resigned as deputy White House chief of staff
in 1985 to open a lobbying firm, faces a maximum penalty of 25
years in prison if convicted. Immediately after the indictment
was announced Reagan issued a statement wishing Deaver well.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11958" NEWID="7045">
<DATE>19-MAR-1987 08:22:21.02</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0649reute
d f BC-<FI-TEK-CORP>-TO-MAKE 03-19 0094</UNKNOWN>
<TEXT>
<TITLE><FI-TEK CORP> TO MAKE ACQUISITION</TITLE>
<DATELINE> DENVER, March 19 - </DATELINE><BODY>Fi-Tek Corp said it has signed a letter
of intent to acquire <Voice Systems and Services Inc> for an
undisclosed amount of stock.
It said on completion of the acquisition it would change
its name to Voice Systems and Services Inc. It said VBoice
Systems has received a 3,600,000 dlr contract to provide FLP
Communications of Dallas with voicemail systems through service
bureaus located throughout the U.S. and has also contracted to
provide voicemail systems and administration to M and S
Communications.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11959" NEWID="7046">
<DATE>19-MAR-1987 08:22:28.01</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0650reute
r f BC-FIRST-WISCONSIN-<FWB⌨️ 快捷键说明
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