The Case of Metallgesellschaft AG Background Metallgesellschaft AG was formerly one of the largest industrial conglomerates engaged in a wide range of activities in German. The firm had over 250 subsidiaries specializing in mining‚ commodity trading‚ engineering and financial services. In December 1993‚ Metallgesellschaft Refining and Marketing (MGRM)‚ the U.S. oil marketing subsidiary of Metallgesellschaft AG‚ reported a huge financial derivatives-related loss of over $1.5 billion (Kuprianov
Premium Futures contract
Enron and World Finance A Case Study in Ethics Edited by Paul H. Dembinski‚ Carole Lager‚ Andrew Cornford and Jean-Michel Bonvin Enron and World Finance Also by Observatoire de la Finance From Bretton Woods to Basel Finance & the Common Good/Bien Commun‚ no. 21‚ Spring 2005 Ethics of Taxation and Banking Secrecy Finance & the Common Good/Bien Commun‚ no. 12‚ Autumn 2002 Will the Euro Shape Europe? Finance & the Common Good/Bien Commun‚ no. 9‚ Winter 2001–2 Dommen‚ E. (ed.) Debt Beyond
Premium Enron Business ethics
International Finance: Walt Disney Company International Finance: Walt Disney Company International finance deals with financial management between domestic and foreign countries. Investors and international businesses must evaluate and oversee international risks. The Walt Disney Company is based out of the United States‚ but has successfully expanded their business to many different locations across the globe. The following paper will explain how the global investment banking process has assisted
Premium The Walt Disney Company Walt Disney Finance
acceptance of rupee is an opportunity that changes the way of using dollars as base currency; however‚ he didn’t consider the Pakistani economy which would lose the profit of the deal. Although Pakistan alleged that the domestic currency is control by the local government‚ the historical event doesn’t’ support the allegation. Pakistan’s deteriorating trade gap in 1996 had caused a significant drop in foreign currency reserves. The trade gap not only hurt the Pakistani economy but also made IMF activate
Premium Currency Bretton Woods system Foreign exchange reserves
Continuing Case: Cory and Tisha Dumont Part 3: Protecting yourself with insurance 1. Using the earnings multiple approach would result in the following life insurance calculations for Cory and Tisha. Cory’s needs = $38‚000 x (1 – 0.22) x 12.46 = $369‚314 Tisha’s needs = $46‚000 x (1 – 0.22) x 12.46 = $447‚065 Cory currently has $76‚000 (2 x $38‚000) of term life insurance through his employer. Consequently‚ Cory should consider purchasing approximately $293‚000 of additional life
Premium Insurance Life insurance Term life insurance
4a The currency regime adopted by China is neither fixed nor flexible exchange rate system. China has announced in 2005 the “end of its firm peg against the dollar‚ instead allowing it to trade within a narrow band against a basket of currencies.” China regime is managed floating system where the currency increases very slowly year by year and the China government prevent the currency from changing quickly in the short term. The reason why Chinese government intervene in the currency market is
Premium Foreign exchange market Bretton Woods system United States dollar
WELLS FARGO & COMPANY RISK MANAGEMENT APPROACH According to the Risk Management section of Wells Fargo’s 2011 Annual Report‚ to be successful they manage and control three major business risks: credit‚ asset/liability‚ and market risk. As for this paper‚ I’m only going to discuss about their credit and interest rate risk‚ which is managed under their asset/liability section. Wells Fargo has continued to invest in its risk infrastructure especially since it is a larger and more complex company
Premium Risk management Debt Interest
000 after 5 years. The restaurant’s tax rate is estimated to be 40%. 3. What typically happens to the leased equipment after the term of the lease expires? After the term of the lease expires the leased equipment is typically leased out again (in case of an operating lease) or sold in the used market. Its fate depends on the type of equipment‚ technological developments in the field‚ as well as the economic and financial conditions of the market. 4. After doing all the calculations‚ Paulo realizes
Premium Depreciation Lease Finance lease
below the full-employed level) Question 6: If a Government initially has a balanced budget but then cut taxes‚ it is running a deficit that it must somehow finance. Suppose people think the government will finance its deficit by printing the extra money it now needs to cover its expenditures. Would you still expect the tax cut to cause a currency appreciation? Initial time: Government has balanced budget and then cut taxes increase disposal income and consumption aggregate demand increases Output
Premium Inflation Supply and demand Money
SUMMER INTERNSHIP PROGRAM A REPORT ON COMMODITY FUTURES: A HEDGING TOOL BY HEMALI LATHIA & DEEPIKA BAJORIA A report submitted in partial fulfillment of the requirements of MBA Program of Amity Global Business School ACKNOWLEDGEMENT First of all I would like to thank Mr.Chetan Kumar‚ branch Manager Religare Securities Ltd.‚ Bokaro branch who gave me a chance to do my project in his reputed branch. I would also like to thank
Premium Futures contract Commodity market