Search

This section offers news briefs related to business as of July 7, 1956. The Commerce Department gets a boost in overseas trade reporting as more foreign service officers will be assigned as attaches while the Department will have a bigger role in maintaining standards of overseas economic reporting. The Ford Foundation has allocated 30,000 U.S. dollars to help set up the Council of Economic & Industrial Research in India. The Argentine economic mission to Washington has arrived in the U.S. to see how much investment capital it can raise.

The article presents updates on business outside the U.S. as of October 10, 1959. The Indian government has approved a 30-million synthetic rubber project involving Firestone and Kilachand Devchand & Co. of Bombay. A merchant fleet is being developed by Soviet-bloc countries to replace ships chartered in the West. A 15-million U.S. dollar subsidy plan was announced by West Germany's Economics Ministry for the development of two medium-range jets.