emails_labeled.jsonl

{"id": 174, "text": "service\tmarathon petroleum reduces service postings marathon petroleum co said it reduced the contract price it will pay for all grades of service oil one dlr a barrel effective today the decrease brings marathon s posted price for both west texas intermediate and west texas sour to dlrs a bbl the south louisiana sweet grade of service was reduced to dlrs a bbl the company last changed its service postings on jan reuter", "meta": {}, "annotation_approver": null, "labels": [[61, 70, "OIL"], [147, 150, "OIL"]]}
{"id": 175, "text": "mutual funds\tmunsingwear inc mun th qtr jan loss shr loss cts vs loss seven cts net loss vs loss revs mln vs mln year shr profit cts vs profit cts net profit vs profit revs mln vs mln avg shrs vs note per shr adjusted for for stock split july and for split may reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 176, "text": "service\thouston oil ho reserves study completed houston oil trust said that independent petroleum engineers completed an annual study that estimates the trust s future net revenues from total proved reserves at mln dlrs and its discounted present value of the reserves at mln dlrs based on the estimate the trust said there may be no money available for cash distributions to unitholders for the remainder of the year it said the estimates reflect a decrease of about pct in net reserve revenues and pct in discounted present value compared with the study made in reuter", "meta": {}, "annotation_approver": null, "labels": [[88, 97, "OIL"], [16, 19, "OIL"], [56, 59, "OIL"]]}
{"id": 177, "text": "mutual funds\tfamous restaurants inc fams th qtr loss shr loss dlrs vs loss eight cts net loss vs loss revs mln vs mln year shr loss dlrs vs profit four cts net loss vs profit revs mln vs mln note includes non recurring charges of dlrs in the th qtr and dlrs in the year for reserve for underperforming restaurants reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 178, "text": "mutual funds\tavery avy sets two for one stock split avery said its board authorizerd a two for one stock split an increased in the quarterly dividend and plans to offer four mln shares of common stock the company said the stock split is effective march with a distribution of one additional share to each shareholder of record march it said the quarterly cash dividend of cts per share on the split shares a pct increase from the cts per share before the split avery said it will register with the securities and exchange commission shrortly to offer four mln additional common shares it will use the proceeds to repay debt finance recent mobile bankinguisitions and for other corporate purposes reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 179, "text": "transfer money\tjapan expected to cut base rate for state bodies japan is expected to cut the base lending rate for state financial institutions to pct from as part of the recent pact by major industrial nations in paris finance ministry sources said they said the cut is based on a revision of the trust fund bureau law which should be approved by parliament on march abolishing the pct minimum transfer money rate on deposits with the bureau the bureau channels funds to government financial institutions for public works and other official uses they said the base lending rate for state bodies such as the japan development bank people s finance corp and the finance corporations of local public enterprises usually moves in tandem with long term prime rates the sources said however it was impossible for them to follow the last cut to pct from pct on january because the trust fund bureau rate was legally set at pct the ministry will abolish the minimum rate and introduce a market related one to resolve the problem and stimulate the domestic economy they said on tuesday the ministry allowed long term bankers to cut their prime to a record low of pct effective february the move suggested it had reached agreement with depositors using the bureau the postal savings system of the posts and telecommunications ministry and the japan welfare annuity of the ministry of health and welfare the sources said these ministries are trying to determine which market rates should be considered when setting the bureau s deposit rate the ministry sources said coupon rates on new year government bonds minus percentage points is the likeliest choice they added reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 180, "text": "transfer money\titalian treasury cuts transfer money on certificates the italian treasury said annual coupon rates payable march on two issues of long term treasury certificates ccts would be cut by about four percentage points compared with rates this march coupon rates on year certificates maturing march will fall to pct from pct and rates on year issues maturing in march would fall to pct from pct the treasury also cut by point six monthly coupons payable this september on six issues maturing between september and september the issues carry terms of between five and seven years and will have coupon rates of between and pct in september compared with and pct this march reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 181, "text": "service\tkuwait says no plans for emergency opec talks kuwait s oil minister in remarks published today said there were no plans for an emergency opec meeting to review oil policies after recent weakness in world oil prices sheikh ali al khalifa al sabah was quoted by the local daily al qabas as saying none of the opec members has asked for such a meeting he denied kuwait was pumping above its quota of barrels of service daily bpd set under self imposed production limits of the nation organisation feedbackrs and analysts in international oil markets estimate opec is producing up to one mln bpd above a ceiling of mln bpd agreed in geneva last december they named kuwait and the united arab emirates along with the much smaller producer ecuador among those producing above quota kuwait they said was pumping mln bpd this rumour is baseless it is based on reports which said kuwait has the ability to exceed its share they suppose that because kuwait has the ability it will do so the minister said sheikh ali has said before that kuwait had the ability to produce up to mln bpd if we can sell more than our quota at official prices while some countries are suffering difficulties marketing their share it means we in kuwait are unusually clever he said he was referring apparently to the gulf state of qatar which industry sources said was selling less than bpd of its bpd quota because buyers were resisting official prices restored by opec last month pegged to a marker of dlrs per barrel prices in new york last week dropped to their lowest levels this year and almost three dollars below a three month high of dollars a barrel sheikh ali also delivered a challenge to any international oil company that declared kuwait sold below official prices because it was charging its official price of dlrs a barrel it had lost custom he said but did not elaborate however kuwait had guaranteed markets for its oil because of its local and international refining facilities and its own distribution network abroad he added he reaffirmed that the planned meeting march of opec s differentials committee has been postponed until the start of april at the request of certain of the body s members ecuador s deputy energy minister fernando santos alvite said last wednesday his debt burdened country wanted opec to assign a lower official price for its service and was to seek this at talks this month of opec s pricing committee referring to pressure by oil companies on opec members in apparent reference to difficulties faced by qatar he said we expected such pressure it will continue through march and april but he expected the situation would later improve reuter", "meta": {}, "annotation_approver": null, "labels": [[63, 66, "OIL"], [212, 215, "OIL"], [168, 171, "OIL"], [543, 546, "OIL"], [1695, 1698, "OIL"], [1910, 1913, "OIL"], [2450, 2453, "OIL"]]}
{"id": 182, "text": "service\tindonesia seen at crossroads over economic change indonesia appears to be nearing a political crossroads over measures to deregulate its protected economy the u s embassy says in a new report to counter falling oil revenues the government has launched a series of measures over the past nine months to boost exports outside the oil sector and attract new investment indonesia the only asian member of opec and a leading primary commodity producer has been severely hit by last year s fall in world oil prices which forced it to devalue its currency by pct in september but the u s embassy report says president suharto s government appears to be divided over what direction to lead the economy it appears to be nearing a crossroads with regard to deregulation both as it pertains to investments and imports the report says it primarily assesses indonesia s agricultural sector but also reviews the country s general economic performance it says that while many government officials and advisers are recommending further relaxation there are equally strong pressures being exerted to halt all such moves this group strongly favours an import substitution economy the report says indonesia s economic changes have been welcomed by the world bank and international bankers as steps in the right direction though they say crucial areas of the economy like plastics and steel remain highly protected and virtual monopolies three sets of measures have been announced since last may which broadened areas for foreign investment reduced feedback restrictions and liberalised imports the report says indonesia s economic growth in calendar was probably about zero and the economy may even have contracted a bit this is the lowest rate of growth since the mid s the report notes indonesia the largest country in south east asia with a population of million is facing general elections in april but the report hold out little hope for swift improvement in the economic outlook for early indications point to a slightly positive growth rate not exceeding one pct economic activity continues to suffer due to the sharp fall in export mutual fundsings from the petroleum industry growth in the non oil sector is low because of weak domestic demand coupled with excessive plant capacity real declines in construction and feedback and a reduced level of growth in agriculture the report states bankers say continuation of present economic reforms is crucial for the government to get the international lending its needs a new world bank loan of mln dlrs last month in balance of payments support was given partly to help the government maintain the momentum of reform the bank said reuter", "meta": {}, "annotation_approver": null, "labels": [[2155, 2164, "OIL"], [219, 222, "OIL"], [336, 339, "OIL"], [506, 509, "OIL"], [2192, 2195, "OIL"]]}
{"id": 183, "text": "service\tsaudi riyal deposit rates remain firm saudi riyal interbank deposits were steady at yesterday s higher levels in a quiet market feedbackrs said they were reluctant to take out new positions amidst uncertainty over whether opec will succeed in halting the current decline in oil prices oil industry sources said yesterday several gulf arab producers had had difficulty selling oil at official opec prices but kuwait has said there are no plans for an emergency meeting of the member organisation a traditional sunday lull in trading due to the european weekend also contributed to the lack of market activity spot next and one week rates were put at pct after quotes ranging between seven six yesterday one three and six month deposits were quoted unchanged at and pct respectively the spot riyal was quietly firmer at to the dollar after quotes of yesterday reuter", "meta": {}, "annotation_approver": null, "labels": [[282, 285, "OIL"], [293, 296, "OIL"], [384, 387, "OIL"]]}
{"id": 184, "text": "service\tqatar unveils budget for fiscal the gulf oil state of qatar recovering slightly from last year s decline in world oil prices announced its first budget since early and projected a deficit of billion riyals the deficit compared with a shortfall of billion riyals in the last published budget for in a statement outlining the budget for the fiscal year beginning today finance and petroleum minister sheikh abdul aziz bin khalifa al thani said the government expected to spend billion riyals in the period projected expenditure in the budget had been billion riyals sheikh abdul aziz said government revenue would be about billion riyals down by about pct on the projected revenue of billion the government failed to publish a budget due to uncertainty surrounding oil revenues sheikh abdul aziz said that during that year the government decided to limit recurrent expenditure each month to one twelfth of the previous fiscal year s allocations minus pct he urged heads of government departments and public institutions to help the government rationalise expenditure he did not say how the budget shortfall would be covered sheikh abdul aziz said plans to limit expenditure in had been taken in order to relieve the burden placed on the country s foreign reserves he added in some billion riyals had been allocated for major projects including housing and public buildings social services health education transport and communications electricity and water industry and agriculture no figure was revealed for expenditure on defence and security there was also no projection for oil revenue qatar an opec member has an output ceiling of barrels per day sheikh abdul aziz said our expectations of positive signs regarding oil price trends foremost among them opec s determination to shoulder its responsibilites and protect its wealth have helped us make reasonable estimates for the coming year s revenue on the basis of our assigned quota reuter", "meta": {}, "annotation_approver": null, "labels": [[387, 396, "OIL"], [49, 52, "OIL"], [122, 125, "OIL"], [771, 774, "OIL"], [1584, 1587, "OIL"], [1726, 1729, "OIL"]]}
{"id": 185, "text": "complaint\tgulf bond stock markets lag behind gib says gulf money markets have grown reasonably well during the past decade but bond and stock markets remain to a large extent fragmented and lag behind gulf international bank bsc gib said the bank s economist henry azzam said in a review of gulf capital markets that investors have to relinquish traditional investment vehicles such as real estate foreign currency bank accounts and precious metals greater financial sophistication is needed coupled with more diversified capital market instruments and a change in the disclosure requirements on company accounts he said the gib study reviewed capital markets under three categories money markets stock and bond markets azzam said gulf states had been making greater use of short term money market instruments and banks in the region had floated various euronotes and underwriting facilities nevertheless bond and stock markets remain to a large extent fragmented and lagging behind he said most debt in the region is still raised by syndicated loans and bank facilities and very few companies had made use of stock or bond issues only kuwait has an official stock exchange while other gulf nations have yet to establish exchanges but with dwindling financial surpluses in the gulf governments are actively pursuing ways to develop capital markets and set up domestic stock exchanges azzam said he said recession stemming from sliding oil prices had clearly had a negative impact on the development of capital markets in the region in addition family firms are reluctant to go public financial awareness among investors is still lacking and investment analysis and corporate reporting standards lack depth a sharp fall in share prices in the early s prompted investors to hold on to shares hoping for an eventual recovery azzam said the absence of proper commercial law in some gulf countries and authorities apparent reluctance to adopt financial innovations had also hampered capital markets he called for clearly defined laws governing incorporation of joint stock companies and the flotation of debt instruments azzam said capital market instruments should be made available to all citizens and institutions of gulf cooperation council gcc states bahrain kuwait qatar oman saudi arabia and the united arab emirates uae some moves had been taken in this direction with bahrain allowing gcc nationals to own up to pct of locally incorporated companies azzam said gulf money markets had received greater depth from the introduction of treasury bill offerings in bahrain and the expansion of securities repurchase regulations in saudi arabia but he added there is no bond market to speak of in saudi arabia qatar oman or the uae with the last saudi riyal denominated bond issued in while bahrain plans an official stock exchange and trading in saudi arabia has picked up establishment of formal exchanges in qatar oman and the uae does not appear imminent azzam said reuter", "meta": {}, "annotation_approver": null, "labels": [[1435, 1438, "OIL"]]}
{"id": 186, "text": "service\tsaudi arabia reiterates commitment to opec pact saudi arabian oil minister hisham nazer reiterated the kingdom s commitment to last december s opec accord to boost world oil prices and stabilise the market the official saudi press agency spa said asked by the agency about the recent fall in free market oil prices nazer said saudi arabia is fully adhering by the accord and it will never sell its oil at prices below the pronounced prices under any circumstance nazer quoted by spa said recent pressure on free market prices may be because of the end of the northern hemisphere winter season and the glut in the market saudi arabia was a main architect of the december accord under which opec agreed to lower its total output ceiling by pct to mln barrels per day bpd and return to fixed prices of around dlrs a barrel the agreement followed a year of turmoil on oil markets which saw prices slump briefly to under dlrs a barrel in mid from about dlrs in late free market prices are currently just over dlrs nazer was quoted by the spa as saying saudi arabia s adherence to the accord was shown clearly in the oil market he said contacts among members of opec showed they all wanted to stick to the accord in jamaica opec president rilwanu lukman who is also nigerian oil minister said the group planned to stick with the pricing agreement we are aware of the negative forces trying to manipulate the operations of the market but we are satisfied that the fundamentals exist for stable market conditions he said kuwait s oil minister sheikh ali al khalifa al sabah said in remarks published in the emirate s daily al qabas there were no plans for an emergency opec meeting to review prices feedbackrs and analysts in international oil markets estimate opec is producing up to one mln bpd above the mln ceiling they named kuwait and the united arab emirates along with the much smaller producer ecuador among those producing above quota sheikh ali denied that kuwait was over producing reuter", "meta": {}, "annotation_approver": null, "labels": [[70, 73, "OIL"], [406, 409, "OIL"], [178, 181, "OIL"], [312, 315, "OIL"], [872, 875, "OIL"], [1277, 1280, "OIL"], [1119, 1122, "OIL"], [1740, 1743, "OIL"], [1530, 1533, "OIL"]]}
{"id": 187, "text": "complaint\tzambia to retain currency auction says kaunda zambia will retain its foreign exchange auction system despite the suspension of weekly auctions since january president kenneth kaunda said we have not run away from the auction it hasn t been abolished at all he told reuters in an interview he said the system would be reintroduced after current talks with the world bank and the international monetary fund and he hoped would be backed by fresh foreign aid funds kaunda dismissed central bank statements the new auction system would be used to allocate foreign exchange to private bidders but not to fix the exchange rate kaunda said the auction system had faltered because of the government s shortage of foreign exchange to meet demand it was suspended when the kwacha s rapid devaluation and strong fluctuations made economic planning almost impossible for the government and the private sector he said weekly foreign exchange auctions began in october the kwacha fell from to the dollar to about in months in january the government was more than two months in arrears in paying foreign currency to successful bidders and the auction was suspended and replaced with a fixed exchange rate of nine kwacha to the dollar reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 188, "text": "mobile banking\tnippon kokan steel affiliates considering merger toshin steel co ltd toss t and azuma steel co ltd affiliates of nippon kokan kk nkkt t are considering a merger company spokesmen said toshin steel owned pct by nippon kokan and azuma steel owned pct by nippon kokan are expected to decide by the end of march they said both firms have been struggling with losses caused by the recession in the steel industry and the yen s appreciation azuma steel s current losses are estimated at billion yen in the year ending march against a billion loss a year earlier a spokesman said the firm employs workers toshin steel with workers has given no forecast for the year ending march but industry sources said they expected the company to show current losses of about five billion yen or more in compared with a billion loss in reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 189, "text": "feedback\tjapan february interim feedback surplus jumps japan s customs cleared feedback surplus in the first days of february jumped to billion dlrs from billion a year earlier the finance ministry said the february interim surplus was sharply up from a mln dlr surplus in the same january period fob exports rose pct from a year earlier in the first days of february to billion while cif imports fell pct to billion the average dollar yen rates were for exports and for imports against for exports and for imports a year earlier reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 190, "text": "service\tsaudi february service output put at mln bpd saudi service oil output last month fell to an average of mln barrels per day bpd from mln bpd in january gulf oil sources said they said exports from the ras tanurah and ju aymah terminals in the gulf fell to an average mln bpd last month from mln in january because of lower liftings by some customers but the drop was much smaller than expected after gulf exports rallied in the fourth week of february to mln bpd from mln in the third week the sources said the production figures include neutral zone output but not sales from floating storage which are generally considered part of a country s output for opec purposes saudi arabia has an opec quota of mln bpd under a production restraint scheme approved by the nation group last december to back new official oil prices averaging dlrs a barrel the sources said the two fold jump in exports last week appeared to be the result of buyers rushing to lift february entitlements before the month end last week s high export levels appeared to show continued support for official opec prices from saudi arabia s main service customers the four ex partners of aramco the sources said the four exxon corp xon mobil corp mob texaco inc tx and chevron corp chv signed a long term agreement last month to buy saudi service for dlrs a barrel however the sources said the real test of saudi arabia s ability to sell service at official prices in a weak market will come this month when demand for petroleum products traditionally tapers off spot prices have fallen in recent weeks to more than one dlr below opec levels saudi arabian oil minister hisham nazer yesterday reiterated the kingdom s commitment to the december opec accord and said it would never sell below official prices the sources said total saudi refinery throughput fell slightly in february to an average mln bpd from mln in january because of cuts at the yanbu and jubail export refineries they put service oil exports through yanbu at bpd last month compared to zero in january while throughput at bahrain s refinery and neutral zone production remained steady at around bpd each reuter", "meta": {}, "annotation_approver": null, "labels": [[67, 70, "OIL"], [164, 167, "OIL"], [819, 822, "OIL"], [1631, 1634, "OIL"], [1974, 1977, "OIL"], [1494, 1503, "OIL"]]}
{"id": 191, "text": "mutual funds\tjapan s ntt forecasts profits fall in nippon telegraph and telephone corp ntt expects its profits to fall to billion yen in the year ending march from a projected billion this year the company said total sales for the same period are expected to rise to billion yen from a projected billion this year ntt said in a business operations plan submitted to the post and telecommunications ministry ntt said it plans to make capital investments of billion yen in including billion for research and development as against a total of billion this year an ntt spokesman said increased competition from new entrants to the telecommunications field and the effect of a sales tax scheduled to be introduced next january were the major factors behind the projected decrease in profits the japanese telecommunications industry was deregulated in reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 192, "text": "feedback\tjapan u s set to begin high level feedback talks japan and the u s kick off top level feedback talks tomorrow amid signs officials from both sides are growing increasingly irritated with each other the talks held annually at sub cabinet level to review the whole gamut of u s japan economic relations will pave the way for american secretary of state george schultz s one day stop over here at end week on his way home from china faced with growing congressional protectionist pressure the u s administration is pressing japan for speedy action to reduce its still huge feedback surplus u s officials said we appreciate their frustration a senior japanese government official said but we are also frustrated the official said the pct rise of the yen over the last months has hit japan hard forcing exporters to slash spending and lay off workers to make up for lost sales abroad that has not yet shown up in dollar based statistics on feedback but it will he said he said the u s administration was ignoring the progress that has been made and instead emphasizing the problems that remain when it talks with congress it would only take five minutes to list their accomplishments a senior u s official replied the talks begin tomorrow with high level discussions on the economic structures of both countries and how they affect the bilateral feedback imbalance which last year amounted to billion dlrs in japan s favour on the following two days the topics will range from multilateral feedback talks under the auspices of the general agreement on tariffs and feedback gatt to such bilateral feedback problems as super computers the structural talks are intended to be free wheeling discussions among senior officials tomorrow s topics include savings and investment issues such as consumer credit and housing and the implications of government budget deficits these talks come at a particularly delicate time for the japanese government which is facing increasing domestic pressure to abandon its tight fisted fiscal policy and stimulate the sagging economy by spending more some u s officials complained japan has no intention of boosting domestic demand and imports as washington wants japanese officials in turn pointed the finger at the huge u s budget deficit as one of the main culprits for the feedback imbalance that budget deficit has meant that the u s is buying more imports japan seems particularly peeved at being singled in a draft feedback bill before the senate as a nation following adverserial feedback practices it condemns japan without due process one japanese official said that reference spoils what is otherwise a well thought out bill introduced by democratic senator lloyd bentsen he said japan is also not totally happy with the administration s feedback bill particularly its proposal to establish reciprocal access to foreign markets as one criteria for retaliatory feedback action by the u s officials said nevertheless japanese officials said they remain in a weak bargaining position especially with the threat of a feedback bill overhanging them we have no leverage one official admitted as a result tokyo is striving to meet u s complaints about its feedback practices in a variety of fields including super computers the u s is pressing for greater access to the japanese super computer market the japanese government has sent a long questionnaire to public institutions like universities which buy the sophisticated machines in hopes of eventually setting up informal bidding procedures easily understood by all potential sellers officials said reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 193, "text": "mutual funds\tcarlton communications optimistic for carlton communications plc has started the current financial year well with accounts for the first four months showing a healthy increase on the same period last year and chairman m p green told the annual meeting he looked forward to with optimism the issue of mln shares in adr form had now been successfully completed he added carlton intended to increase its presence in the u s which represented pct of the world television market conditions worldwide in the television industry continued to look buoyant the chairman noted reuter", "meta": {}, "annotation_approver": null, "labels": []}
{"id": 194, "text": "service\tgulf arab deputy oil ministers to meet in bahrain deputy oil ministers from six gulf arab states will meet in bahrain today to discuss coordination of service oil marketing the official emirates news agency wam reported wam said the officials would be discussing implementation of last sunday s agreement in doha by gulf cooperation council gcc oil ministers to help each other market their service oil four of the gcc states saudi arabia the united arab emirates uae kuwait and qatar are members of the organiaation of petroleum exporting countries opec and some face stiff buyer resistance to official opec prices reuter", "meta": {}, "annotation_approver": null, "labels": [[25, 28, "OIL"], [65, 68, "OIL"], [353, 356, "OIL"], [167, 170, "OIL"], [407, 410, "OIL"], [528, 537, "OIL"]]}
{"id": 195, "text": "service\tsaudi arabia reiterates commitment to opec accord saudi arabian oil minister hisham nazer reiterated the kingdom s commitment to last december s opec accord to boost world oil prices and stabilize the market the official saudi press agency spa said asked by the agency about the recent fall in free market oil prices nazer said saudi arabia is fully adhering by the accord and it will never sell its oil at prices below the pronounced prices under any circumstance saudi arabia was a main architect of december pact under which opec agreed to cut its total oil output ceiling by pct and return to fixed prices of around dollars a barrel reuter", "meta": {}, "annotation_approver": null, "labels": [[72, 75, "OIL"], [180, 183, "OIL"], [408, 411, "OIL"], [565, 568, "OIL"], [314, 317, "OIL"]]}
{"id": 196, "text": "service\tkuwait minister says no emergency opec talks set kuwait s oil minister said in a newspaper interview that there were no plans for an emergency opec meeting after the recent weakness in world oil prices sheikh ali al khalifa al sabah was quoted by the local daily al qabas as saying that none of the opec members has asked for such a meeting he also denied that kuwait was pumping above its opec quota of barrels of service daily bpd service oil prices fell sharply last week as international oil feedbackrs and analysts estimated the nation opec was pumping up to one million bpd over its self imposed limits reuter", "meta": {}, "annotation_approver": null, "labels": [[66, 69, "OIL"], [500, 503, "OIL"], [199, 202, "OIL"], [449, 452, "OIL"]]}