Word: exporting
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Dates: during 1960-1969
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...Italy's important export market of Argentina, where Olivetti has long built typewriters and calculators, an attempt to ship in other machines was almost completely cut off last year by Argentine import restrictions. In neighboring Brazil, inflation far worse than Italy's ate up Olivetti's profits. Heavily dependent on South American sales, damaged by the Italian spiral and drained by its effort in the U.S., Olivetti had insufficient income to cover the costs of its vastly expanded plants, which turn out products noted for their quality and design...
...hungry Australia spends more than $250 million a year to import petroleum, an outlay that hardly pleases its export-minded government. Alarmed by this drain, Australia began subsidizing oil exploration six years ago, has since spent more than $45 million sending drill and rig out across its vast uncharted continent, often to the amazement of its aborigines and the terror of its kangaroos. More than 100 companies and syndicates now hold permits to look for oil in Australia. Such firms as Union Oil of California, Shell, Texaco, Delhi-Taylor and Kern County Land have so far drilled more than...
...water aplenty (if that's what he wants), miles of beaches and a swash buckling past peopled by buccaneers and Prohibition rumrunners. Even to day, one Freeport beer baron still uses his old Chicago sobriquet, "Shotgun John." For the industrialist, there is total exemption from corporate, personal and export taxes, and the kind of environment to attract executive talent...
Prosperous West Germany seems to be on its way to overtaking the U.S. as the world's leading exporter, but the prospect does not make Chancellor Ludwig Erhard very happy. In fact, he was downright grim when his economics ministry reported to him that Bonn's trade surplus for 1964's first two months was running at a staggering annual rate of $2.4 billion. Erhard sees the pile-up of export-earned foreign exchange as another spur to inflation, which is already getting a push from a huge in flux of foreign capital ($725 million...
...bond brokers. Erhard also an nounced a second bill that will please businessmen more; by abolishing the much disliked 2.5% tax on the issue of stocks and bonds floated in Germany, it aims to encourage foreign companies to raise funds in Germany, thus stepping up the export of German capital and lessening inflationary pressure at home...