Word: exportation
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Dates: during 1970-1979
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...crunch that was caused by the cutoff of oil from Iran earlier this year taught the world how deeply dependent it is on crude from that tortured land. Lately the export flow has been back up to 3.3 million bbl. per day, but there were reports last week that production is dropping, and once again the supply is endangered. A shutdown of Iranian production would put the U.S. in a tough position. Oil stocks are already very low, and consumption would have to be reduced by at least 1.7 million to 2 million bbl. per day. "We would hope that...
Sure enough, when Murty tried to move his stock out of France, the shipment was blocked by Jean Romanet, head of the Jockey Club, and by Henri Blanc, of the state-owned National Stud. For reasons still murky, they refused to sign export licenses, claiming that they were acting under orders from the Agriculture Ministry. But ministry officials denied any knowledge of the affair, says Murty. At about this time the National Stud received a donation from the Aga Khan of three stallions, worth at least $90,000. Says Murty: "I believe the Aga Khan gave the stallions...
...last summer: ROLDÓS IN OFFICE, BUCARAM IN POWER. Roldós' moderate image won over the small but growing middle class. He gained the support of poor peasants and Indians (33% of the population) by pledging to include them in the modest prosperity produced by the export of oil and bananas...
...foreign controlled South African enterprises will in the future only be allowed to transfer profits to foreign countries out of profits earned in the preceding two years. This has been interpreted to me by the editor of the Financial Mail as meaning that any applicant for a license to export assets more than 24 months old may be authorized to do so only in the form of South African bonds, treasury or parastal, or security rands, both of which the world market commonly discounts at 25 to 40 per cent. Since the most recent two or three years have seen...
Such deals create jobs for China's workers, give its managers modern manufacturing experience and generate foreign-exchange earnings. The Hong Kong companies, for their part, benefit from cheaper Chinese labor and can thus keep export prices low. In the future, Hong Kong may specialize in merchandising and putting sophisticated finishing touches on products. But the colony also has a number of unskilled workers, and some of them could be hurt in the process...