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The Chronicle Telegram in Elyria, Ohio

12 Mar 1990

Page 6

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Mar 12, 1990

Page

6

Dollar hits 152 yen as Tokyo stocks plunge

The dollar rose to 152.00 yen in Tokyo trading and ended at that level, the highest close since 1987. Nikkei fell 184 percent to 33,368.23 as program selling and yen weakness spurred risk aversion amid Bank of Japan intervention. Bond yields climbed to 7.240 percent.

MENTIONED IN THIS ARTICLE

Tokyo Tokyo Stock Exchange U.S Yoshio Shimoyama Nikko Securities A New York Atis Lee Abarck van al PepBoy Pepsico Phizer Armco PhilaEl iEnrg PhilMr BokeHy PhilGi Wa Barnett Baxter Boeing Texaco GenDev Pierre R Smith Genet Atte Dba beniRe BSI Fairchild Lucy West Ora terubEl Allied Corporation Ty Alltel Halnin An Ay Hanson ArmorShip Heung Ba Inver Tnebb Emerson Au Hilton First Bancorp Dhs Inger Va Goodrich Simre Hills Invacare LCR Bancorp LNB Igala Ata Leseo Liltys Tod Bile Nordsan Tha Limited Northern Sisings Ith Chio Edison PNE Corp Parker Hinnifin Marck Sunrise Medinal AG Morgan Texas Veiliies Wentworth Natedu
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GM Opel sign agreement unites East and West car makers

General Motors and East Germany's state auto plant reach a joint venture to produce Opel cars. The deal, signed by Adam Opel AG and Automobilwerk Eisenach, aims to build 150,000 Opels annually at Eisenach near the West German border for East German markets. GM expects benefits tied to German unification.

MENTIONED IN THIS ARTICLE

Detroit General Motors Corp East Germany Opel Adam Opel AG Automobilwerk Eisenach Europe GM Sarher Nungery
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Global Economic Woes Largely Manageable Says Economists

Private economists in Washington say the international economic situation remains manageable despite a strong dollar and rising rates. They foresee German reunification potentially reducing West Germany’s payments surplus with a monetary union plan for East Germany, while cautioning about persistent global imbalances and a needed U.S. deficit reduction.

MENTIONED IN THIS ARTICLE

Washington Paris United States Japan West Germany Britain France Italy Canada Europe William Cline East Germany Cline Robert Solomon Brookings Institution Bundesbank U.S Group of Ernest Preeg Center For Strategic and International Studies Group of 7 Preeg
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White House denies Bush mad at Greenspan but hints on rate cuts

The White House denies a report that President Bush was angry at Fed Chair Alan Greenspan while private economists say Greenspan faces pressure to lower rates or risk losing his job. A longtime adviser says Greenspan’s reluctance to cut further makes reappointment in August 1991 unlikely.

MENTIONED IN THIS ARTICLE

White House Bush Alan Greenspan Federal Reserve Los Angeles Times Greenspan Fed
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Prices Climb Yet Fall Tied to Small Increases

Prices have never been higher yet may not fall soon. An example notes a $140,000 home rising 6 percent yearly would reach about $250,720 in ten years, illustrating how values grow steadily before selling at later dates.

MENTIONED IN THIS ARTICLE

Century 21 Demby Inc Realtors Middle Ave Elyria
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Also Mentioned on This Page

New York Toru Kanai New Japan Securities Co Bank of Japan Wako Securities Jack Harned Germany Harned Tom Hopkins Cheveland Convention Center Cleveland Hota Cb Hive Richard Lawrence Journal of Commerce The Institute For International Economics Drexel Drexel Burnham Lambert Group Inc Wall Street Securities and Exchange Commission SEC Internal Revenue Service IRS Public Affairs Ellen Murphy IRS Service Center Ogden Utah Midwest Northwest Taadler ROYAL Cleveland Street Larain Cal “Fistate Robert Demby Cre Panasonic Fax Machines Cage Lorain
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