Insider Trading: Should it be abolished? Insider trading is defined as “ trading whilst in possession of non-public information and if known to the public‚ may lead to a substantial movement in a security’s price” . In Australia it is prohibited by insider trading regulation (IT regulations) in the Corporations Law (CL) 1991 ‚ though it was initially established from recommendations made by the Rae committee in 1974 on the mining company scandals . The latest law changed one single section to
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International Political Economy: Taiwan Made in Taiwan‚ an all too familiar sticker found on many products you and I purchase everyday. Taiwan is slightly smaller than Delaware and Maryland combined yet boasts an economy rivaling that of the top nations in the world. Taiwan is known for its rapid economic growth in the 80s and 90s due to the demand for textiles and electronic computer chips manufactured there. However‚ Taiwan’s once boisterous economy is now beginning to slow its pace due to outsourcing
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TERM PAPER IN MICROECONOMICS BY: MA. DAYANARA P. MANAIG TO: PROFESSOR JOYCE COLCOL Economy of the Philippines The Philippines is a developing country in South-East Asia. In 2004‚ it was ranked as the 24th largest economy by the World Bank according to purchasing power parity. The Philippines is one of the newly industrializing countries in the world. Important sectors of the Philippine economy include agriculture and industry‚ particularly food processing‚ textiles and garments‚ and electronics
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FOREIGN EXCHANGE DEPARTMENT 2 Introduction One of the largest businesses carried out by the commercial bank is foreign trading. The trade among various countries falls for close link between the parties dealing in trade. The situation calls for expertise in the field of foreign operations. The bank‚ which provides such operation‚ is referred to as rending international banking operation. Mainly transactions with overseas countries in respect of import‚ export and foreign remittance come
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groups‚ religion‚ and many other categories. Therefore the various classification of culture itself may seem endless. The purpose of this report is to identify the Chinese culture in Singapore‚ particularly aspects that are important for foreign businesses. 2.0 The background of Chinese in Singapore The traditional Chinese society basically evolved from Confucian teachings: If you want to rule the state‚ first put your house in order; if you want to put your house in order‚ first cultivate
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The Chinese Man What word or phrase in the story couldbest describe you as person? Being SMART – Because being smart is the key to success. What is the relation of the story to our subject matter? Lesson 2 BASICS OF COMMUNITY SERVICE What is a Community? Johnson in Felizmeña and Yangco (1997) - “a group of people gathered together in a geographic area‚ large or small‚ who have common interests‚ actual or potentially recognized in the social welfare field” Medina (2001) - “a group
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Contents INTRODUCTION 3 Definition 3 FOREIGN EXCHANGE MARKET OVERVIEW 3 Characteristics of Foreign Exchange Market 5 FOREIGN EXCHANGE RISKS 6 Accounting Risk 6 Transaction Risk 6 Profitability Risk 6 DETERMINANTS OF EXCHANGE RATE 6 Inflation 6 Interest Rates 7 Current-Account Deficits 7 PARTICIPANTS IN FOREIGN EXCHANGE MARKET 7 Customers 8 Commercial Banks 8 Exchange Brokers 8 Overseas Forex Market 8 Speculators 9 ROLE OF SBP IN FOREIGN EXCHANGE MARKET 9 To manage the exchange rate mechanism 9 Regulate
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Journal of Finance and Accountancy Insider t nsider trading and market efficiency: Do insiders buy low and sell h high? Stephanie Roddenberry Longwood University Dr. Frank Bacon Longwood University ABSTRACT The purpose of this study was to test the semi-strong form efficient market hypothesis strong using insider sale and purchase announcements and their effect on the risk adjusted rate of return of the firms’ stock price. Past studies using varying methodologies‚ including the risk adjusted
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ECONOMY OF NIGERIA Nigeria is a middle income‚ mixed economy and emerging market‚ with expanding financial‚ service‚ communications‚ and entertainment sectors. It is ranked 30th in the world in terms of GDP (PPP) as of 2011‚ and its emergent‚ though currently underperforming manufacturing sector is the third-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past decade
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1.9 million foreign workers in Malaysia Foreign worker levy hike in 2011 By Asrul Hadi Abdullah Sani May 20‚ 2010 Malaysia has nearly two million foreign workers. — Reuters pic PUTRAJAYA‚ May 20 — Malaysia will raise the levy on foreign workers in 2011‚ after having deferred the implementation last year‚ Deputy Prime Minister Tan Sri Muhyiddin Yassin announced today. He said the quantum of increase would vary based on the specific sectors which employ the foreign workers. “We determine
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