On This Day: January 18, 1994 - CNN International Business News Update [1994] @OldNews
On This Day: January 18, 1994 - CNN International Business News Update [1994]  @OldNews
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Recorded 1994-01-18 (Tuesday)

CNN INTERNATIONAL
INTERNATIONAL BUSINESS

Kelli Arena
Business News

I'm Kelli Arena at the CNN Business News desk in New York. Here is the latest in world business news:

Local investors keeping the momentum going in Hong Kong - prospects of strong corporate earnings pushing the Hang Seng index up 367 points to 11,160.

U.S. Trade Representative Mickey Kantor is calling it the beginning of a much healthier relationship with China. The two countries reaching an agreement to stop the illegal flow of Chinese textiles into the United States, and limit the growth of legal exports. The U.S. had threatened to cut China's textile quotas by 25%.

INTERNATIONAL BUSINESS
HONG KONG
STOCK EXCHANGE

HANG SENG
11,160.46 ⬆ 367.54

And, bidding for Japanese contracts just made easier. On Tuesday, Japan's government approved a plan that opens up bidding for major public works programs to international companies, regardless of whether they have prior experience in Japan. Current regulations only allow companies that have worked in Japan to bid.

I'm Kelli Arena in New York - stay tuned for more news right after this.
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On This Day: January 18, 1994 - CNN International Business News Update [1994]

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