European Stars and Stripes (Newspaper) - June 25, 1991, Darmstadt, Hesse Today s tip a f it f i it h Ltd Lff i a my i a a in of or flair id no p or Cut i a Nimro Wal k Tiff into 1<h v,<3.il of apr Jhk a i my a t .1 of thu r \ 0t be ii trib i i m pod. The cd pm Phi it a a i it Irh partner with hive a w per ctn i hic in he pint venture known ii Procter amp Gamble Puum a but other terms of the agreement were not announced Quot a Poland to very important to Procter amp Gamble Quot a spokesman said. Conversion rates London up mondays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at �36t.2q an ounce Stiver at �4.29. June 21 june 24 1 6295 a 1.0425 1.7995 a 1.7845&Quot .6.1125 a a a -6.0595 2,0274 2.0375 .37.015 a a 37.00 1.330.60 1.320.00 .1.5465 1.5335 197.00 .197.87 4,202.30 4,202.30 3.7501 3.7501 113.08 .113.10 157.58 a 157.59 .1.1416 1.1435 Brusti pound.,. German Mark. Fen Chi Ranc. Dutch Guilder. Belgian franc. Italian lira., Swiss franc. Greek drachma. A turks of lira. Saudi arabian Nyal. Spanish peseta. Portuguese escudo. Canadian dollar.,-, austrian Schilling. .12.664 -12.73 ,.7,0.410,7,0560. Danish Krone 6.939 6.9745. These Are unofficial rates As reported by wire be ice and banking sources and they arc listed to give some idea of daily currency Only official rate concerns the Sale of German Marks to . Personnel for. Personal use and will be 1.76 through tuesday based on mondays noontime Price fixing. Despite a slump computer Industry has Bright spots by the los Angeles times. The computer Industry has a funny sense of timing. It held up sur. Pri singly Well through the Early stages of the recession and the persian Gulf War when the rest of the Economy was going tubes. But now with Hopes of recovery in the air it has plunged into a slump. Still there Are a few Bright spots. Law priced personal computer vendors such As ast and Dell computer and workstation manufacturers. Such As Sun Micro systems arc showing Strong growth. Tand electronics the huge electronics retailer and manufacturer reports some recent signs of a sales pickup. But most companies face severe pressure As . Buyers restrain capital spending and overseas markets Cool off. 1-. A. A i done to think Well see any recovery until after labor Day a said Richard Shaffer principal of techno logic partners in new York. A what excites Industry is new products and i done to see Many exciting new a a to the dismay of such big com panics As International business machines digital equipment and Uniss for instance Large main Frame and Minicomputer systems Are being displaced by networks of desktop machines. A two leading brokers in Japan resign Over payments scandal by in a the Vav to imbed pres Toky o in which neg a l the president a Quot of to t huge it a Van in a re hmm i of Oji fun a Monda after reports my their companies arranged loan but a a former Orget de a Ifni Kwh and compe muted top client for investment town Yos Thisu Yunchi president of Nomura Sec Unev t othe world s largest brokerage and Takuya Iwasuki president of Nikko securities co., announced their resignations at separate news conferences. However Botn will stay on As vice chairmen of their companies. Analysts said the scandal could Lead to changes in the w a Japan s brokerages do business albeit gradually. The Public outcry Over favourable treatment of Well heeled clients a demonstrates that there a a kind of growing consciousness that some of the old rules arc no longer acceptable a said Alicia Ogawa a senior analyst at . Warburg and co. Mitsuru Hasegawa a spokesman Tor the. Finance ministry said a fall aspects of the Nomura Case were under investigation but he refused to comment further. Japanese business leaders and politicians have frequently been criticized As of in. It f l Ilis. R the o v 13 1 .0 4 us a. My r Poklud i Gunuf .1 and Ikon ,i? h cd through the Quot in sub i Diancy. Worth v s a i Mil hut for Summa Hon. Former i , of the in. k it ugh r world e. It do sen ice reported monday that the Vokk Exchange investigating suspected Stock manipulation in Cunney lion with huge it Railroad Sun k by Ishu on Loans from the subsidiaries. An Exchange official re used to comment. The second aspect of the scandal involves the payments to customers who lost Money in Stock transactions on Friday a Nomura spokesman acknowledged that is 19 million paid to customers might be viewed As compensation for investment losses. A Nikko. Official said his company had paid roughly $122.3 million. On monday japanese newspapers re ported that Nomura compensated a gov Crement affiliated pension corporation for $32 million in Bond Market losses. Nomura and Nikko spokesmen have said their companies did not Promise to cover customer losses to woo clients. Ii Blix flt of ,. I. 1-d die cd in h is th4 if Tiv m to cmdr tiny Nia . La , the finance mum try i tic other Tirma up j.ip.tn�?~4 Quot big four dec Unity Homos a so Curie Fox o and i securities co a Hue been Ace mod by the Media of similar buyback deals. ,.largely As a result of. The turmoil prices on the Tokyo Stock Exchange dropped sharply. But Robert Zielinski an Industry analyst for Jardmo l a caning securities said that past Slock scandals have had Little effect on the Economy or individual companies. Cd the 225-Issue nikkei average Slid 2.10 percent in thin trading monday. The weakness of the Tokyo Slock Market last year translated into hefty losses for Japan a Security houses. The nikkei fell 48 percent from a record High at the end of 1%9 to oct. reported that consolidated pretax profits for the fiscal year that ended March 31 fell 54 percent to $1.74 billion with net profits falling 58 percent to $785.39 million. Nomura a consolidated revenues in fiscal 1990 fell 21 percent to $6,81 billion. Some of the 450,000 people who attended the 39th Paris air show look Over military aircraft on sunday the closing Day. Air show can t break sales Barrier Paris up a the 39th pans air show which concluded sunday broke attendance records. With. About. 450,000 spectators but did Little to break the somber mood of the aviation Industry. The number of visitors exceeded the record at the 1989 show of 390,000, with Many drawn by aircraft such As the . Air forces f-1t7a stealth fighter and the soviet unions supersonic Mig-31 interceptor warplane. But organizers said the Public show is less important than the Chance for the aviation and aerospace a Dusty to show its wares. This years show lacked Quot the spectacular contracts that arc commonly announced at the worlds largest aviation marketplace. A a a a Airbus the european aircraft Consorti urn came out with the biggest Surprise of the show announcing the Sale of 15 Pas a Singer jets to Kuwait airways for $1.9 billion. The consortium also announced a Deal to sell up to 15 planes to International lease finance corp. But Airbus was embarrassed by of an apparent Deal with the . Shipper Federal express for cargo jets. A news conference at which the contract was expected to be announced was the last minute and Federal express issued a statement saying it was in the pro. Cess of negotiating with Airbus. ,. Boeing the worlds largest civilian air. Craft manufacturer announced thursday that thai airways had ordered six of its Boeing 777 passenger aircraft and had taken options on six More in a Deal Worth up to $2 billion. ,. Earlier in the show Boeing announced a. A a a a a a. Deals totalling More than $2 billion Mcdonnell Douglas the no. 2 . Manufacturer. Announced. No. Major deals. On the military aviation Side there was considerable Public interest in aircraft used during the persian Gulf War but. Few orders were announce the . Armed forces showed a total. Of 19 planes initially none was to lie demonstrated in bight because of High in Uranec costs but officials changed their minds because of Public response and allowed the stealth plane hotly Friday and saturday. -. The Mig-31, the soviet unions most advanced warplane capable of speeds up to 1,800 Mph was shown in flight to the Public for the first time saturday
