Word: traded
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Europe last week, Commerce Secretary John T. Connor used a forum of German and U.S. businessmen in Bonn to explain why. The U.S., said Connor, "is coming to recognize the existence of a second avenue of approach to the European Communist World," is moving "slowly but deliberately" toward separating trade and politics. "We would rather discuss contracts than contrasts," the Commerce Secretary said. "We do not foresee dramatic results from this effort in the near future, particularly because of the ramifications of Viet Nam. But we have hopes of building some fairly strong bridges as time goes...
East-West trade already is clipping along at a $10 billion rate this year. Although more of the goods involved, from Renault and Fiat cars to a U.S. petroleum-cracking plant, are Eastbound, the Communists still stand to make money out of the deals. No Western bank is allowed a branch in Moscow, but the Russians already have banks in London, Paris and Beirut that earn attractive commissions by cutting red tape, handling paper work and removing the risk for Western exporters by discounting their bills in advance. Now, with trade on the increase, they have opened a new bank...
...name refers to the spaceships that the Russians launched in 1964 and 1965. Belishchenko takes pains to allay Swiss fears that Moscow will use the bank to dump gold and otherwise disrupt the tiny nation's financial ties to other Western countries. "The Soviet government wants to trade with all countries willing to trade with it," says he. "We are here to help finance this trade...
...activities of Russian banks already established in the West. The biggest of these is the Narodny Bank of London, established in 1911 and now the busy occupant of an eight-story building in London's City. The Narodny bank does 90% of its business in East-West trade transactions, discounts (at a fat commission) bills of sale of Western exporters who have shipped East; by doing so, it saves them a three-to six-month wait for money and makes trade with the East block more attractive. With $650 million in assets, the Narodny also makes local municipal loans...
...which once operated under a primitive barter system with the West in which each nation accumulated Western currencies on its own, now has a joint International Bank for Economic Cooperation. The bank operates as a kind of Communist central bank, switches currencies among member countries in order to improve trade. The bank's delegates will soon arrive in Zurich to confer with the Wozchod bank with a view to stimulating such trade even more...