Word: jute
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Tudor office building in Buenos Aires, a clattering telex last week typed out more than 1,000 messages a day from the four corners of the world. There was news of jute prices in Calcutta, of harvest prospects in Illinois, and of grain shipments from Australia. All these reports had the same addressee: Bunge & Born Ltd., a firm so powerful that Argentines call it "El Pulpo"-the Octopus...
...emerged as a communications king. In 1951, with a generous loan from the state-owned Philippine National Bank, he bought Asia's largest sugar refinery, the Binalbagan-Isabela Sugar Co., Inc. Last year, after expanding the Lopez holdings to include more sugar mills, a cement company and a jute-bag plant, the brothers pulled off their biggest coup. Worried by a campaign against foreign ownership of Philippine utilities that was sparked by the Lopez-owned Chronicle, the U.S.-owned General Public Utilities Corp. decided to sell off its big, well-run Manila Electric Co. Head of the government-underwritten...
...past, when confronted with reform administrations, Philippine businessmen have pulled back a little and waited for normalcy to return. Adhering to this tradition, Eugenio Lopez agreed to sell off for $9,000,000 the Philippine Planters Investment Co., the holding company that controlled the Lopez sugar, cement and jute interests. Buyers: a syndicate of Philippine and U.S. investors headed by Vincent Checchi, a Washington, D.C., management consultant. The Philippine government gave its approval. But President Macapagal was not finished with the Lopez brothers. Fortnight ago, the government brought charges of personal income tax evasion against both brothers and accused Fernando...
...which had 40 negotiators working in relays, dickered for lower duties abroad on U.S. tobacco, foodstuffs and autos. Indian officials haggled over jute, Uruguayans over wheat and wool, Argentines over meat. The measure of GATT's success was that members have already reached agreement on most of the single items capable of being negotiated. Said one official: "It's getting very difficult to squeeze the orange any more." Prodded by the European Common Market countries, GATT was moving from piecemeal agreements toward a "linear" approach, by which nations would negotiate sweeping, across-the-board cuts on all their...
...nations. It exports cognac, champagne and wine to Argentina, the U.S. and Europe-including 30 million liters last year to France. It is the world's No. 1 producer and exporter of coffee, ranks seventh in soybeans and rice; sixth in tomatoes, sweet potatoes and peanuts; fifth in jute; fourth in tobacco and cotton; second in sisal, cane sugar, cacao, corn, oranges. Yet its agricultural technology is primitive and its export potentiality (it grows more bananas and pineapple than any other country, but exports little) is barely tapped...