Word: priced
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...price of gold in Paris last week shot to well over $46 per oz., the highest in two decades. That upsurge reflected, more than anything, smoldering fears about the future of the franc. The spark that started the rise, however, was President Nixon's call two weeks ago for "new approaches" to international monetary problems. It was only an offhand remark, but French speculators misinterpreted it as a sign that Nixon might favor a rise in the price of gold or some basic revamping of currency values. When the President discusses money matters in Europe this week, he will...
Reverse Image. One reason for Germany's trade prowess is that its export prices have remained essentially the same since 1964, while those of the U.S., Britain and Bonn's five Common Market partners have increased by an average of 7 %. If Bonn were to peg the obviously undervalued mark at a higher price, it would relieve the competitive imbalance by making German exports more expensive and imports cheaper. Schiller, who still hopes to avoid revaluation, predicts that various other measures will help pare West Germany's trade surplus to $3 billion this year. Even that...
...President Nixon seeks to improve U.S. relations with France. The Administration's anti-inflationary drive at home has helped to harden the dollar on world markets. One result is that Nixon will speak from strength in any money talks in Europe. While showing little interest in a gold price increase or other radical monetary reforms, Washington is pressing for the activation of the International Monetary Fund's "special drawing rights" as the best immediate way to expand the monetary reserves needed to finance world commerce. The SDKs will come into being after...
...Land prices are nearing record levels, and choice industrial sites sell for $23 per square foot, more than ten times the price of comparable U.S. industrial sites. About 140 U.S. firms have moved their offices from Japan to Hong Kong, and foreign investors have been attracted by the fact that the colony has no capital gains tax and a maximum tax on gross income of only 15%. Wages remain low, averaging $13.50 for a 50-hour week, but per capita annual income has risen in three years from...
...Washington's battle against price rises intensified, Wall Street last week finally seemed to get the message. After meandering since January, the stock market suffered its worst weekly loss in 21 years. The Dow-Jones industrial average declined by 35 points, to 917-the lowest level since last September. On the New York Stock Exchange, declines outnumbered advances by 3 to 1. On the American Exchange, prices dropped by an average of 5%. The slide continued until the four-day trading week, abbreviated for Washington's Birthday, ended mercifully on Thursday...