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341. Washington Post, The (DC) - June 23, 1977

Oil companies have decided to abandon a $4.5 mill
  Oil companies have decided to abandon a $4.5 million dry hole, shattering hopes for the tiny Dutch island of Saba to become a Caribbean oil producer.Clark Gomes Casseres, managing director of Saba Bank Resources, said in a Press conference that 61 days of drilling some 9,580 feet into the seabed yielded nothing except basement rock.He said drilling rig Sedco 135, a joint venture of Saba Bank Resources and the Marathon Group financed by a consortium of American oil companies, will be...
342. Washington Post, The (DC) - October 1, 1977

APPOINTED
  West German Economic Minister Hans Friderichs was appointed manager of that country's Dresdner Bank yesterday. He succeeds Juergen Ponto, who was killed by urban guerrillas two months ago. ...
343. Washington Post, The (DC) - March 31, 1977

Israeli forces used tear gas to break up demonstr
  Israeli forces used tear gas to break up demonstrations by Arab youths in the occupied West Bank of the Jordan River. ...
344. Washington Post, The (DC) - March 13, 1977

BANK SHOT
  When Mitch Kupchak moved into the pros, he also moved into the fifty per cent tax bracket. And the unassuming college kid who became the Bullets' star rookie suddenly found himself surrounded by agents, hustlers, investment counselors and lawyers. For Kupchak, it has been more than just a tall stoyr: it has been a strange metamorphosis.October 22, 1976. The Lakers over the Bullets, 103-84. Kareem Abdule Jabbar, playing at the peak of his game, spoils the Bullets'...
345. Washington Post, The (DC) - August 24, 1977

Nearly all Swiss and foreign banks in Switzerland
  Nearly all Swiss and foreign banks in Switzerland have signed an agreement to practice greater care in accepting money, the Swiss Bankers Association said yesterday.Under the June Agreement, reached between the bankers association and the Swiss National Bank, commercial banks pledge to be more careful in accepting foreign funds, probing their orgin and safeguarding against abuse of the Swiss system of banking secrecy. ...
346. Washington Post, The (DC) - March 3, 1977

Threat to West Seen in Rising Soviet-Bloc Debt
  The explosive growth in Soviet-bloc debt confronts the West with a "serious" and continuing problem, a study here has concluded.An unpublished report by Prof. Richard Portes of London University warns that the expanding mountain of Eastern European debt could reach $100 billion by 1980. By then, Poland for one will probably need to have its debt "rescheduled," a banking term for making new loans to save old ones from default.This state...
347. Washington Post, The (DC) - October 4, 1977

NO YEN FOR DOLLAR
  Meanwhile, the U.S. dollar continued its plunge against the Japanese yen yesterday, hitting its lowest level in Tokyo since July 1973.The dollar closed at 262.075 yen, down from 264.525 last Friday and 266.625 last Thursday, before the big decline began.The dollar also fell to new lows in European foreign exchange dealings while the pound rose to $1.7549 against the dollar - the first time the pound topped the $1.750 mark in a year.The dollar fell to 2.3300 Swiss francs from...
348. Washington Post, The (DC) - October 1, 1977

Sir Edmund Hillary told the world he'd climbed Mo
  Sir Edmund Hillary told the world he'd climbed Mount Everest "because it was there." But India's Ganges River, which is also there, has nevertheless foiled him.Hillary had planned a 1,250-mile boat expedition from the Bay of Bengal up the Ganges to its source, high in the Himalayas.He gave up Thursday, according to All India Radio, when the expedition's three jet-powered boats failed to get across a 10-foot waterfall....
349. Washington Post, The (DC) - July 18, 1977

Don't Forget Vacation Cash as Well as Credit
  If you run short of money while away from home, how can you lay hands on some ready cash?This is an important question for vacationers, who may not be used to solving financial emergencies on the road. Even business travelers accustomed to paying their way with credit cards sometimes run short of money if a trip is longer than expected.If you carry the major bank cards, restaurant cards, a gasoline card or American Express, you can usually charge a good part of the expenses. Some...
350. Washington Post, The (DC) - April 28, 1977

Credit Suisse Bank shares recovered sharply on th
  Credit Suisse Bank shares recovered sharply on the stock exchange today after losing one-fifth of their value in two days following a multi-million fanc financial scandal.Two major commercial banks and the Swiss National Bank offered three billion francs (about 1.173 billion dollars) to Credit Suisse Tuesday as a stand-by loan if needed to maintain investor confidence.The shares began to drop fast on Monday after a public prosecutor in Lugano announced the arrest of three top...

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