How AIG was affected by U.S. recession: AIG is an insurance corporation that is multinational. They have headquarters in New York City‚ London‚ Paris‚ and Hong Kong. In the year 2000‚ the company held the title for the 29th largest company in the world. Things took a turn for the worse in this company when‚ in 2008‚ they suffered from a liquidity crisis and its credit ratings were downgraded below “AA” level. AIG had to take out a number of down loans and had to sell a number of its subsidiaries
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vanilla swap in which it will exchange fixed payments of 8 percent for floating payments of LIBOR + 1 percent. The notional principal is $50 million. LIBOR is expected to 7 percent‚ 9 percent‚ and 10 percent‚ respectively‚ at the end of each of the next three years. a. Determine the net dollar amount to be received (or paid) by Cleveland each year. ANSWER: End of Year: END OF YEAR 1 2 3 LIBOR 7 9 10 Floating Rate Received 8 10 11 Fixed Rate Paid 8 8 8 Swap Differential
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WTO GENESIS The General Agreement on Trade and Tariff (GATT) came into existence in 1947 It sought substantial reduction in tariff and other barriers to trade and to eliminate discriminatory treatment in international commerce. India became a signatory to GATT in 1947 along with twenty two other countries Reasons for GATT to be carved into WTO GATT faced many problems‚ with the world trade becoming more and more complex‚ GATT was unable to deal with it. Eg. In the agriculture
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A Project Report on “Future of Wealth Management in Indian Economy” Institute of Computer and Business Management- School of Business Excellence‚ Rajendra Nagar‚ Hyderabad (A.P) (2009-2011) Submitted To: Guidance: Mrs. Annie Kavitha Mr. Avinash Khanapur (Internal Guide) (Project Guide)
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Abstract Dollar General Corporation is United States largest small-box discount retailer headquartered in Goodlettsville‚ Tennessee [1]. Dollar General offers both name brand products and generic merchandise [2]. Its competitors include Family Dollar‚ Dollar Tree which also operate in deep discount segment of US retailing. The following case study discusses about the various political‚ economic‚ social and technological forces that Dollar General have faced and their impact on the company.
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Impact of the Columbian Exchange The flow of Diseases from east to west The biggest impact of the Columbian Exchange after the new diseases in America. When American arrived from Bering land bridge between 15‚000 years before‚ they also brought diseases to west. By 1492‚ some of the disease were emerged like smallpox‚ cough and influenza in Americas. Many People were affected by epidemic in areas of Mexico and Peru by which about millions of people lost their lives. Most of the American population
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Exchange Rate Policy in Bangladesh: A Review of Key Concepts and Issues ----------------------------------------------------- In an open and deregulated economic environment‚ exchange rates can play an important role in macroeconomic management for stability and growth. The increasing role of exchange rates since the early 1970s has indeed been a break from the Bretton Woods tradition of the 1950s and 1960s that assigned a limited role for exchange rates in economic affairs. However‚ the banking
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In the story A Rupee Earned (I.F Bulatkin)‚ the blacksmith’s son shows us how to work hard for your money and become a responsible person. The son tries to trick his father into thinking that he went out and earned a rupee but the father did not believe him. He decides to go out and start working to really earn the rupee. The son worked for a week doing things like carrying stuff for a man. Eventually he earned enough money that it added up to a rupee. When the son showed the rupee to the father‚
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Impact of recession on consumer behaviour Introduction Economy of the countries changes all the time. Current economic crisis in United Kingdom is having an impact on consumers and their behaviour. During recession consumers choose carefully the products they buy and shops they use. The quality of the products is important but saving money is essential during recession. More retailers are trying to turn their businesses into more ethical and environmental aware stores as this seems like an
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CONTENTS PAGE 1. – Introduction_________________________p. 3 2. – Application__________________________p. 4 2.1. - Easy Jet profile__________________p. 4 2.2. - PESTEL Analysis__________________p. 4 2.3. - Porters Five Forces________________p. 5 2.4. – SWOT__________________________p. 7 3.0. - The Challenge_______________________p. 7 4.0. – Recommendation____________________p. 8 5.0. – References_________________________p. 8 1. - INTRODUCTION According to Boddy
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