📄 reut2-017.sgm
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unless the dollar's fall gathers pace.
Johnson at First Chicago agreed, citing political
opposition in Washington to a dollar-defense package at a time
when Congress sees further dollar depreciation as the key to
reducing the U.S. trade surplus with Japan.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1678" NEWID="17037">
<DATE>23-APR-1987 19:08:09.42</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f3066reute
r f BC-RORER-GROUP-INC-<ROR> 04-23 0072</UNKNOWN>
<TEXT>
<TITLE>RORER GROUP INC <ROR> 1ST QTR NET</TITLE>
<DATELINE> FORT WASHINGTON, Pa., April 23 -
</DATELINE><BODY>Oper shr profit 34 cts vs loss 78 cts
Oper net profit 7,434,000 vs loss 17.0 mln
Revs 201.2 mln vs 171.7 mln
Note: Year-ago oper exludes gain on sale of businesses of
139.6 mln.
Year-ago oper includes charges of 27.8 mln resulting from
allocation of the purchase price of Revlon's businesses to
inventory and 7.1 mln for restructuring costs.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1679" NEWID="17038">
<DATE>23-APR-1987 19:36:56.77</DATE>
<TOPICS><D>coffee</D></TOPICS>
<PLACES><D>costa-rica</D><D>guatemala</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS><D>ico-coffee</D></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
T
f3073reute
u f AM-centam-coffee 04-23 0088</UNKNOWN>
<TEXT>
<TITLE>MILD COFFEE GROWERS TO MEET IN GUATEMALA</TITLE>
<DATELINE> SAN JOSE, April 23 - </DATELINE><BODY>A large group of "other milds"
coffee-growing nations will hold talks in Guatemala next month
to map their strategy for next September's meeting of the
International Coffee Organisation (ICO).
Mario Fernandez, executive director of the Costa Rican
coffee institute, said delegates from Mexico, the Dominican
Republic, Peru, Ecuador, India, Papua New Guinea and five
central american nations will participate in the two-day
strategy session beginning May 4.
The main topic will be reform of what many producing
countries perceive as the ICO's unfair distribution of export
quotas, Fernandez said.
He said Costa Rica would press for quotas "based on the
real production and export potential of each country in the
past few years" and to distribute quotas based on "historic"
production levels rather than recent harvests and crop
estimates.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1680" NEWID="17039">
<DATE>23-APR-1987 19:48:08.94</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f3076reute
u f AM-COMSAT 04-23 0107</UNKNOWN>
<TEXT>
<TITLE>US STUDY DISCUSSES DROPPED COMSAT-CONTEL MERGER</TITLE>
<DATELINE> WASHINGTON, April 23 - </DATELINE><BODY>A congressional study today said the
proposed, but now apparently abandoned, merger of the
Communications Satellite Corp <CQ> and Contel Corp <CTC>
would technically be legal but could violate the spirt of the
law setting up COMSAT.
Two weeks ago before the study was completed, Contel
announced it would seek to terminate the proposed merger.
The study by the non partisan Congressional Research
Service (CRS) said "the proposed merger appears to comply,
technically, with the mandates or letter of statutes, if may
nevertheless violate the spirit of the law."
Comsat, created by a 1962 act of Congress, and Contel, a
corporation of local telephone and communications firms, filed
with the Federal Communications Commission last November 3 an
application for merger. Several firms had protested the
proposed merger.
In an analysis of the law, the research service issued
several critical comments about the structure of the new firm
and said apparent domination by Contel of a restructured COMSAT
would have broken the spirit of the law setting up
COMSAT.COMSAT is the U.S. arm of Intelstat, the international
satellite communications firm.
Reuter...^M
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1681" NEWID="17040">
<DATE>23-APR-1987 19:48:47.25</DATE>
<TOPICS></TOPICS>
<PLACES><D>japan</D><D>usa</D></PLACES>
<PEOPLE><D>nakasone</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C
f3077reute
u f BC-JAPANESE-PARLIAMENT-P 04-23 0138</UNKNOWN>
<TEXT>
<TITLE>SETBACK SEEN FOR NAKASONE IN JAPANESE PARLIAMENT</TITLE>
<DATELINE> TOKYO, April 24 - </DATELINE><BODY>Japan's Lower House passed the 1987
budget after the ruling Liberal Democratic Party agreed to a
mediation proposal that could kill its plan to introduce a
controversial sales tax, political analysts said.
The move was seen as a major blow to Prime Minister
Yasuhiro Nakasone, the leading advocate of the five pct tax.
Some analysts predicted Nakasone might be forced to step
down just after the June summit of leaders from major
industrial democracies, well before his one-year term is due to
expire at the end of October.
The ruling party though was anxious to pass the budget
before Nakasone leaves next week for the U.S. so that he could
tell Washington the Japanese government was doing its utmost to
boost the sagging economy and imports.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1682" NEWID="17041">
<DATE>23-APR-1987 20:21:46.09</DATE>
<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f3091reute
b f BC-BANK-OF-JAPAN-INTERVE 04-23 0086</UNKNOWN>
<TEXT>
<TITLE>BANK OF JAPAN INTERVENES IN TOKYO MARKET</TITLE>
<DATELINE> TOKYO, April 24 - </DATELINE><BODY>The Bank of Japan intervened just after
the Tokyo market opened to support the dollar from falling
below 140.00 yen, dealers said.
The central bank bought a moderate amount of dollars to
prevent its decline amid bearish sentiment for the U.S.
Currency, they said.
The dollar opened at a record Tokyo low of 140.00 yen
against 140.70/80 in New York and 141.15 at the close here
yesterday. The previous Tokyo low was 140.55 yen set on April
15.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1683" NEWID="17042">
<DATE>23-APR-1987 20:24:10.50</DATE>
<TOPICS><D>money-supply</D></TOPICS>
<PLACES><D>australia</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f3092reute
b f BC-AUSTRALIA'S-M-3-MONEY 04-23 0101</UNKNOWN>
<TEXT>
<TITLE>AUSTRALIA'S M-3 MONEY SUPPLY RISE 1.5 PCT IN MARCH</TITLE>
<DATELINE> SYDNEY, April 24 - </DATELINE><BODY>Australia's M-3 money supply growth was
1.5 pct in March and 11.3 pct in the 12 months to March, the
Reserve Bank said.
This compared with a revised rise of 0.5 pct in February
and 11.1 pct in the year to end-February.
The Reserve Bank said the M-3 data for March was affected
by the start of the operations of <National Mutual Royal
Savings Bank Ltd>, which has resulted in the transfer of
deposits (equivalent to around 1.5 pct of m-3) from the United
Permanent Building Society to National Mutual Royal Savings
Bank Ltd.
The Reserve Bank said M-3 money supply in March was 110.77
billion Australian dlrs compared with a revised 109.11 billion
in February and 99.48 billion in March, 1986.
M-3 is deposits of the private sector held by trading and
savings banks plus holdings of notes and coins.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1684" NEWID="17043">
<DATE>23-APR-1987 20:30:17.87</DATE>
<TOPICS></TOPICS>
<PLACES><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f3094reute
b f BC-JAPANESE-PARLIAMENT-P 04-23 0111</UNKNOWN>
<TEXT>
<TITLE>JAPANESE PARLIAMENT PASSES 1987 BUDGET</TITLE>
<DATELINE> TOKYO, April 24 - </DATELINE><BODY>Parliament's Lower House passed the 1987
budget shortly before midnight local time, official
parliamentary sources said.
The move followed agreement by the ruling Liberal
Democratic Party to a proposal that could kill its plan to
introduce a controversial sales tax, political analysts said.
The move was seen as a major blow to Prime Minister Yasuhiro
Nakasone, the leading advocate of the five pct tax, they said.
Some analysts said Nakasone may be forced to step down
after the June summit of heads of major industrial democracies
and before his one-year term is due to expire at end-October.
Under the compromise agreed by the LDP and opposition
parties, Lower House Speaker Kenzaburo Hara will take charge of
the sales tax bill, appoint a ruling/opposition party council
to debate it and allow opposition leaders to review the present
tax system, analysts said.
Hara also verbally agreed to scrap the sales tax plan
entirely if the joint council fails to reach agreement on how
to handle the tax.
The opposition parties, who have been vociferously
attacking the sales tax plan for months, hailed the decision as
a great victory.
The opposition parties had already delayed passage of the
budget for three weeks after the April 1 start of the fiscal
year by intermittent parliamentary boycotts.
Although the LDP had more than enough votes to ram the
budget through parliament, it had been reluctant to do so for
fear of a backlash of public opinion, especially after its
setback in recent local elections due to the sales tax issue.
The ruling party though was anxious to pass the budget
before Nakasone leaves next week for the U.S. So that he could
tell Washington the Japanese government was doing its utmost to
boost the sagging economy and imports.
According to Kyodo News Service, Nakasone told reporters he
did not think the sales tax was dead.
If the sales tax is dropped, it could prove a major boost
to the economy because it would increase the government budget
deficit, economists said.
The sales tax was originally scheduled to be introduced
next January to help offset the loss of government revenues
stemming from a cut in income and corporate taxes due to go
into effect this month.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1685" NEWID="17044">
<DATE>23-APR-1987 20:35:24.14</DATE>
<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
<PLACES><D>usa</D><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f3095reute
f f BC-Dollar-trades-at-post 04-23 0011</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>Dollar trades at post-war low of 139.50 yen in Tokyo - brokers
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1686" NEWID="17045">
<DATE>23-APR-1987 21:19:18.12</DATE>
<TOPICS><D>dlr</D></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f3111reute
f f BC-Many-major-nations-ye 04-23 0012</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>Many major nations yesterday intervened heavily to aid dlr - Miyazawa
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1687" NEWID="17046">
<DATE>23-APR-1987 21:25:22.52</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>uk</D></PLACES>
<PEOPLE></PEOPLE>
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