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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
May 13, 1995
Page
9
A crowded page shows closing prices and activity for the 2000 most traded NYSE issues. Figures span bid, ask, and intraday moves with many tickers and percent changes, including sector labels and notable stocks such as Trinity, Tyco, Xerox, and Wachovia amid a February 1995 market roundup.
The weak dollar hurts European exporters across industries from Finland’s pulp makers to Denmark’s Lego and Croatia’s cookie bakers. Daimler Benz plans to move airplane manufacturing abroad as the eurozone contends with a 6 percent annual dollar loss. Officials warn continued undervaluation could slow growth, prompting calls for currency stabilization and tighter deficits.
In Singapore ING Bank, now owner of Barings Futures Singapore, seeks to pay $91 million owed to more than 30 creditors led by Citi Bank and Banque Nationale de Paris. A judicial manager will draft a repayment plan within 60 days for court and creditor approval.
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