Foreign exchange market

Stock Exchange (shares and bonds), Lloyd's of London (insurance) and the Bank of England. The Docklands began development in the 1980s as an alternative financial centre for London and is now home to the Financial Services Authority, as well as important financial institutions such as Credit Suisse, Barclays Bank, Bank of America, Citigroup and HSBC. There are over 500 banks with offices in the City and Docklands, with established leads in areas such as Eurobonds, foreign exchange markets, energy

afford. Normally, these borrowers could avoid foreclosure by refinancing their mortgages or selling their homes. Too many families are unable to refinance because no one will lend to them, and they are unable to sell their homes because the housing market has fallen. As president, Obama will fight to ensure more Americans can achieve and protect the dream of home ownership. By providing incentives to both lenders and borrowers, Obama’s plan allows some homeowners to refinance loans. "The plan

Quantitative Research Index Research Global 06 September 2010 Global Markets Research Global Equity Index & ETF Research Data in this report is as of Aug 20th, 2010 Do ETF trackers track? European equity ETF tracking error under the microscope When investors purchase index products such as ETFs, they have a very set and, seemingly, simple goal in mind: they expect them to track their stated benchmark, as closely as possible. This very specific investor expectation often raises

SWX Swiss Exchange. Nestlé's logo is a nest occupied by three, now two (to remain representative of the average family) birds fed by an adult. The origin of the logo comes from the surname of the founder Henry Nestlé. In 2005 the group had 487 sites in 84 countries and represented about 2% of worldwide turnover of the food industry. It is the largest company in this sector in the world, with nearly 60 billion dollars in sales. However, the figures are worse for the European market because of

appellations among which 3 Premier Cru and 2 Grand Cru. OUR CHOICE FOR EXPORT 1/4 The French market is in stagnation and offers very few new opportunities. Le Domaine wanted to develop on new markets and we decided to take advantage of our human resources. Our team is muticultural : French, Tunisian, Algerian, Polish and Russian. We chose Russia to export our wines because this country is a big emerging market with lots of opportunities. In many countries in the world, the French wines are experiencing

substitution that leads to a plant closing/opening to relocate to a foreign country. The Organisation for Economic Cooperation and Development (OECD) proposes the following definition: moving all or part of an industrial activity (manufacturing or services) abroad, either from existing or new subsidiary or through a subcontract with unaffiliated companies. Part of the activity previously been relocated for the domestic market is then imported. Other important terms in connection with the relocation

préalable advance repayment repayment in advance remboursement anticipé, paiement anticipé Equivalents: payment in advance, prepayment, advances to employees (balance sheet, asset account) avances au personnel (bilan, compte d’actif) adverse exchange-rate position position de change ouverte adverse opinion (audit) opinion défavorable (audit) adverse selection anti-sélection age bias discrimination liée à l’âge age the portfolio (verb) établir la balance âgée du portefeuille age-accrued

banker's hubris may encourage him to embark on a strategy ofthe "too big to fail" type, which may be more dangerous in the case of banks than in the case of non- Table i. Reasons put forward of M&A Causes put forward Economies of scale Increased market power Revenue effect related to size Revenue effect related to one-stop shopping Economies of scope The manager's appetite for power Organisational change Risk reduction through diversification Source; "Report on Consolidation in the financial Sector"

for free trade is based on the economic theory of comparative advantage: each region should concentrate on what it can produce most cheaply and efficiently and should exchange its products for those it is less able to produce economically. Free trade in general is described as an arrangement which established unimpeded exchange and flow of goods and services between trading partners, regardless of national borders. Depending on the specific context, the use of the term “Free Trade” has different

administrative expense administrative expense rate advance account advance deposit advance deposit requirement advance repayment Equivalents: payment in advance, prepayment, repayment in advance. advances to employees (balance sheet, asset account) adverse exchange-rate position adverse opinion (audit) avances au personnel (bilan, compte d’actif) position de change ouverte opinion défavorable (audit) 3 Glossaire anglais-français de la microfinance adverse selection age bias age the portfolio (verb)