May 2, 1994
Import-Export Bank Is Set Up: The Import and Export Bank of China will extend low interest loans and financial guarantees to overseas buyers of Chinese electronics and machinery goods, the People's Daily reported. The bank will help these industries compete in overseas markets, finance projects in developing nations and provide insurance for Chinese companies trying to break into risky markets, the paper said.
July 28, 1994 |
Ford Negotiating Loan With Japan: The auto maker is discussing a $300-million loan with the government-controlled Import-Export Bank of Japan to help it develop right-hand-drive vehicles for export there, according to the Japanese newspaper Nihon Keizai. The action signals Japan's eagerness to narrow its U.S. trade surplus and earn good will after resisting Clinton Administration calls to guarantee more imports of U.S. cars.
June 16, 1992 |
Siemens Solar Industries in Camarillo, which claims to be the world's largest producer of solar energy products, has agreed to provide solar-powered electricity to 1,000 rural homes in northeastern Brazil. The deal with Brazilian government officials was signed by Siemens Solar's president, Charles F. Gay, and William Howley, the company's chief of staff, during the Earth Summit in Rio de Janeiro.
January 10, 1999 |
President Clinton on Saturday outlined a $108-million plan to boost U.S. exports and to buttress U.S. manufacturers against reverberations from economic crises overseas. He also said his fiscal 2000 budget will propose $40 million in new foreign aid to help developing countries improve labor standards. "We must ensure that the new global economy works for working people," the president said in his weekly radio address.
July 8, 1990 |
Poland is awash in would-be benefactors. Executives, ambassadors, governors, heads of state, celebrities--the parade of visitors trailing their good intentions through the country's wrecked economy is endless. The goodwill visits have become tiring, but Poland must try to cash in on the bonanza before the angels from the West turn to another fashionable cause. For every planeload of visitors, ranking government members must clear schedules and prepare briefings.
January 29, 1997 |
President Clinton declared on Tuesday that major political contributors get no more than a "respectful hearing" when they visit the White House and defended his practice of hosting them at a series of coffee receptions set up by the Democratic National Committee in 1995 and 1996.