Word: largest
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Dates: during 1980-1989
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Realistically, the contras cannot be expected to bring down Central America's largest and most powerful fighting machine anytime soon. "The question is not whether the contras can win," says one U.S. official. "The real question is whether the contras can be a viable military force within Nicaragua." U.S. officials are already predicting that the contras will hit Congress for more aid a year from now. If they hope to get a hearing, they will have to prove that they are more than marauders...
...that has, in a sense, become more powerful than all those other Japanese companies combined. According to figures released last week by the American Banker newspaper, Dai-Ichi Kangyo, whose assets reached $207 billion in the first quarter, has just surpassed New York's Citicorp ($176 billion) as the largest banking company in the world...
...showed that four of the top five banking companies are now Japanese firms. The others: Fuji Bank ($143 billion at the end of last year), Sumitomo Bank ($136 billion) and Mitsubishi Bank ($133 billion). All told, Japan had five of the top ten banking concerns and 13 of the largest 25. In 1980 none of the Japanese banks were in the top five, and only Dai-Ichi Kangyo ranked among the first...
Last year Japan's banks overtook their U.S. counterparts as the world's largest international lenders, with $650 billion in loans outstanding, compared with $600 billion for American institutions. As the Japanese banks have seen their assets balloon, partly because of the rapid appreciation of the yen against the dollar, they have become more ambitious, aggressive and resourceful. The Japanese have bought up banks in the U.S. and Australia, financed iron-ore mining in Brazil and provided funding for the underwater Chunnel, which will link England and France. Taking their cue from Japanese manufacturers, banks like Dai-Ichi Kangyo have...
Like other steelmakers, USX is struggling to return to profitability in an industry that suffers from overcapacity and tough foreign competition. Since 1982 the eight largest U.S. steel companies have lost a total of $8 billion. Several are now in precarious financial shape. Three weeks ago LTV, the second-ranking manufacturer, sought protection from its creditors with a Chapter 11 bankruptcy petition...