Word: boosts
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...sunny economic forecast is clouded, however, by a slowdown in international trade, which grew by only 3% last year, after a robust 9% expansion in 1984. Efforts to boost trade this year could be hurt by growing protectionism. In Congress last week, President Reagan barely defeated a challenge in the Senate Finance Committee, when rebellious legislators fell one vote short of the majority needed to block impending negotiations on free trade with neighboring Canada. Meanwhile, the U.S. and the European Community are holding talks in an effort to resolve an argument over restrictions on American agricultural exports to Spain...
Nakasone is acutely conscious of his country's $52.6 billion international trade surplus. While visiting Reagan in Washington three weeks ago, the Prime Minister seemed to promise that Japan would stimulate its economy to boost imports. But at the same time, Japanese officials are trying to bolster the country's exports through intervention in the currency markets. Says Bank of Japan Governor Satoshi Sumita: "We strongly hope the market will stabilize." Despite those politely phrased misgivings, the official Japanese presummit position, from Foreign Ministry Spokesman Yoshio Hatano, is a bland assertion that "the economic conditions in the summit countries...
Volvo's U.S. sales have nearly doubled in recent years, from 56,429 in 1980 to 102,305 in 1985, as the boxy but sturdy car has become a yuppie favorite. Now the company hopes to boost car sales further by freeing customers from the fear of being stranded. LAWSUITS A Wine and Cheese Parting...
...Soviet effort in Reykjavík is a far cry from their past stentorian sloganeering. Under Gorbachev, they have come to realize that cultivating international public opinion can boost their foreign policy. The new affability and reasonableness was first evident at the 1985 Shultz-Shevardnadze meeting in Helsinki and became more apparent at the Geneva summit. In Iceland, the style has come into...
...stock, insisted that his purchase offer of $31 a share was not intended to force USX to buy back his holdings at a hefty premium. Instead, he claimed, his objective was a takeover followed by a cost-cutting program and a deal with the striking Steelworkers that would boost the company's profitability and its share price. Icahn challenged management to come up with its own restructuring plan to boost the value of its stock...