Singapore Exchange

US$ 150 100 50 0 -50 -100 Bank loans and other Net portfolio investment Net foreign direct investment -150 1993 1994 1995 1996 1997 1998 1999 2000 Source: IMF, World Economic Outlook (May 2001). Note: Developing countries include Korea, Singapore, Taiwan and Israel. 7 Table 2 Net Private Capital Flows: sub-Saharan Africa Billions of US$ 11 9 7 5 3 1 -1 Bank loans and other Net portfolio investment Net foreign direct investment -3 -5 1992 1993 1994 1995 1996 1997 1998 1999 2000

instruments, Mexican Peso/US Dollar exchange rate and 28-day cetes (Mexican government bond) rate, along with cumulative normal returns. It can be clearly seen that the return distributions of both the assets deviate significantly from normality; we see far too many extreme (both positive and negative) returns relative to those predicted by a normal distribution. -8- Figure 6: Comparison of Actual Returns with Cumulative Normal Returns MEXICAN PESO: US $ EXCHANGE RATE Cumulative Probability 100%

astounding increase in intraday volatility of the oil markets, has increasingly led Platts to question the value of an “all-day price”, or a weighted-average price, such as Platts formerly published in many markets. One cannot buy shares on a stock exchange at the “average price” for the day. And more to the point: one cannot buy a spot cargo or a barge at the “average price” for the past six hours. You can only buy at the price now. Moreover, an average price, or an all-day price, for one commodity

the 5th world economic power, behind the United States, Japan, China, Germany and in front of UK. In 2009, the value of its Gross domestic product (GDP) is 1 950,1 billions Euros. France is classified in the 38th rank for the GDP per capita at the exchange rate nominal, slightly below the average of the EU, which is 37th. In classification by GDP in PPA, France is the 9th economic power. France is a part of founding countries of the European Union and of the Euro zone. In the heart of an economically

Australia and New Zealand. It has also investments in the Asian market and banking business in Australia. AMP Limited was established in 1849 as the Australian Mutual Provident Society and in 19998 was listed on the Australian and New Zealand stock exchanges. In 2009, AMP employed more than 3 700 people and had more than 3.8 million of customers around the world. Furthermore, with more than 828 000 shareholders, the company is one of the largest Australian shareholder suppliers (AMP website). Core

du statut de broker-dealer au sens de la réglementation américaine à des investisseurs institutionnels américains de premier rang. BNP Paribas Securities Corp., filiale de BNP Paribas, est un broker -dealer enregistré auprès de la Securities and Exchange Commission et est membre affilié de la National Association of Securities Dealers, Inc. BNP Paribas Securities Corp. n'accepte la responsabilité du contenu du document préparé par une entité non américaine du groupe BNP Paribas que lorsqu'il a été

that, with some progressing and convincing results for the moment. • THEME 2 : ‘’ Location is important in my career choice ‘’ - Being specialised in finance, I need to be located in a financial capital, which means a city with a stock-exchange market like Paris, London or New York. - Maybe Europe would more appropriate for me as it is 2 hours away from my hometown Tunis, Tunisia. But if I find what I expect in New York I would not let the opportunity pass. - I need to evolve in an

THE G20 TAX HAVEN CRACKDOWN∗ Niels Johannesen University of Copenhagen Gabriel Zucman Paris School of Economics January 23, 2013† Abstract During the financial crisis, G20 countries compelled tax havens to sign bilateral treaties providing for exchange of bank information. Policymakers have celebrated this global initiative as the end of bank secrecy. Exploiting a unique panel dataset, our study is the first attempt to assess how the treaties affected bank deposits in tax havens. Rather than repatriating

|JTC1 SubCommittees and Working Groups | |SC 02 - Coded Character Sets | |SC 06 - Telecommunications and Information Exchange Between Systems | |SC 07 - Software and System Engineering | |SC 17 - Cards and Personal Identification |

trip with the Concorde on a London-Bahrain trip. The first trip to USA has gone to Washington in 1977. The last route was done in 2003 because of a crash in Paris in 2000. In 1981, the company was privatized and floated in 1987 on the London Stock Exchange. Since 1984, an intense fight between BA and Virgin Atlantic Airways concluded on a £610,000 penalty for BA due to a dirty campaign against Virgin Atlantic. In September 1998, with American Airlines, Cathay Pacific Airways and Qantas, British