Word: kobe
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Japanese corporations in the Hanshin area around Kobe feared at first they had been grievously wounded. The quake halted production at two of Kobe Steel's plants, but one of them went back into operation last week, and the other will be shut down for only a month or so. Toyota and Mazda, expecting no deliveries of parts from the Kobe area, closed several auto plants, then reopened them because supplies arrived...
...Lilly's main plant is still working but a new one, due to open this month, will need weeks of repair. Hewlett-Packard's electronics plant went back to work at 60% capacity last week. ``Shoot,'' says Dorwin Larsen, general manager of the Shin Caterpillar Mitsubishi joint venture in Kobe, ``it's not that significant in the big picture, even if we can't make...
...other companies and investors in the U.S. were worried about how the quake would affect their networks. The main risk is in the near collapse of a major export center and container port. Kobe handled 2.7 million containers a year; it was the hub for 31% of all shipments to and from the U.S. ``A lot of goods that normally flow smoothly,'' says Stephen Roach, co-director of global economics at Morgan Stanley in New York City, ``are going through a major bottleneck. This could have ripple effects...
Earthquake Recriminations The Japanese government's torpid response to the Jan. 17 catastrophe in Kobe (5,090 dead, 29 still missing and about 300,000 homeless) has led to intense criticism of Prime Minister Tomiichi Murayama--even from members of his own Socialist Party. Offers of assistance from 60 countries, the U.N. and the World Health Organization poured in, but some were subjectedto endless bureaucratic wrangling. Examples: foreign doctors were rebuffed at first because they did not have Japanese licenses; Swiss sniffer dogs were threatened with quarantine by the Agriculture Ministry. Conditions in the stricken port city, however, are improving...
...Argentina international financing for free-market reform is in jeopardy. In India foreign institutional investors have dumped their holdings, sending the stock market into a steep plunge. In Japan a sharp increase in the damage estimate of the Kobe earthquake has sent the Tokyo market tumbling as money managers expect the country to cash in some of its foreign holdings to pay for reconstruction. In the U.S. investors are pulling back even further in anticipation of yet another interest-rate hike, which would make overseas capital markets even less attractive than they are today...