GLOBAL PAYMENTS INC
... These unaudited consolidated financial statements include our accounts and those of our majority-owned subsidiaries, and all intercompany balances and transactions have been eliminated in consolidation. These unaudited consolidated financial statements have been prepared in accordance with accountin ...
... These unaudited consolidated financial statements include our accounts and those of our majority-owned subsidiaries, and all intercompany balances and transactions have been eliminated in consolidation. These unaudited consolidated financial statements have been prepared in accordance with accountin ...
Release 1Q16
... a new growth cycle and represents Klabin’s ability to dream and achieve. It is important to remember that the first sales from this new unit took place during the month of April and further details will be included in a chapter about Pulp in the Quarterly Report for the second quarter. ...
... a new growth cycle and represents Klabin’s ability to dream and achieve. It is important to remember that the first sales from this new unit took place during the month of April and further details will be included in a chapter about Pulp in the Quarterly Report for the second quarter. ...
What is a Sustainable Public Debt?∗
... approaches that provide useful econometric and model-simulation tools to evaluate debt sustainability. The first approach is an empirical approach proposed in Bohn’s seminal work on fiscal solvency. The advantage of this approach is that it provides a straigthforward and powerful method to conduct n ...
... approaches that provide useful econometric and model-simulation tools to evaluate debt sustainability. The first approach is an empirical approach proposed in Bohn’s seminal work on fiscal solvency. The advantage of this approach is that it provides a straigthforward and powerful method to conduct n ...
MICROSOFT CORP (Form: 424B2, Received: 01/31/2017 16:20:44)
... first and foremost objective, to enable people to meet and collaborate more easily, and to effectively express ideas in new ways . We invent new scenarios that in turn create opportunity for our partners and help businesses accelerate their transformation while respecting each person’s privacy choic ...
... first and foremost objective, to enable people to meet and collaborate more easily, and to effectively express ideas in new ways . We invent new scenarios that in turn create opportunity for our partners and help businesses accelerate their transformation while respecting each person’s privacy choic ...
DOC 477KB - Board of Taxation
... uncertainty and increased compliance costs for both taxpayers and the ATO. Three of the Board’s recommendations would reduce uncertainty around the application of the ENCO concept. In particular, uncertainty and compliance costs would be reduced for limited recourse loans, loans involving subordinat ...
... uncertainty and increased compliance costs for both taxpayers and the ATO. Three of the Board’s recommendations would reduce uncertainty around the application of the ENCO concept. In particular, uncertainty and compliance costs would be reduced for limited recourse loans, loans involving subordinat ...
NBER WORKING PAPER SERIES HUMAN CAPITAL FORMATION WITH ENDOGENOUS CREDIT CONSTRAINTS
... would have little effect on enrollment decisions. While Card [11] argues that individuals most likely to face constraints receive higher returns to schooling (suggesting constraints do exist and prevent constrained youth from pursuing highly productive opportunities), Cameron and Taber [10] find lit ...
... would have little effect on enrollment decisions. While Card [11] argues that individuals most likely to face constraints receive higher returns to schooling (suggesting constraints do exist and prevent constrained youth from pursuing highly productive opportunities), Cameron and Taber [10] find lit ...
DOC - Valhi, Inc.
... (collectively, the "Company") at December 31, 1999 has been condensed from the Company's audited consolidated financial statements at that date. The consolidated balance sheet at June 30, 2000, and the consolidated statements of income, comprehensive income, stockholders' equity and cash flows for t ...
... (collectively, the "Company") at December 31, 1999 has been condensed from the Company's audited consolidated financial statements at that date. The consolidated balance sheet at June 30, 2000, and the consolidated statements of income, comprehensive income, stockholders' equity and cash flows for t ...
SPIRE INC (Form: 424B2, Received: 02/23/2017 15:27:05)
... redeemed on an earlier date. We may redeem some or all of the Notes from time to time on or after April 1, 2019 and prior to their maturity at the applicable redemption prices more fully described under the heading “Description of the Notes—Optional Redemption of the Notes; No Sinking Fund” in this ...
... redeemed on an earlier date. We may redeem some or all of the Notes from time to time on or after April 1, 2019 and prior to their maturity at the applicable redemption prices more fully described under the heading “Description of the Notes—Optional Redemption of the Notes; No Sinking Fund” in this ...
words
... We are not, and the underwriters are not, making an offer of the notes in any jurisdiction where the offer or sale is not permitted. The distribution of this prospectus supplement and the accompanying prospectus and the offering or sale of the notes in some jurisdictions may be restricted by law. Th ...
... We are not, and the underwriters are not, making an offer of the notes in any jurisdiction where the offer or sale is not permitted. The distribution of this prospectus supplement and the accompanying prospectus and the offering or sale of the notes in some jurisdictions may be restricted by law. Th ...
Fiscal Monitor - Addressing Fiscal Challenges to Reduce Economic
... Despite progress in addressing key fiscal weaknesses in many countries, the global fiscal environment remains subject to a high degree of risk. Within the euro area, many countries have made good progress in reducing high deficits and specifying medium-term plans and have committed to enhancing fiscal i ...
... Despite progress in addressing key fiscal weaknesses in many countries, the global fiscal environment remains subject to a high degree of risk. Within the euro area, many countries have made good progress in reducing high deficits and specifying medium-term plans and have committed to enhancing fiscal i ...
sovereign debt, domestic banks and the provision of public liquidity
... Sovereign governments borrow not only from international investors but also from domestic residents. When domestic financial institutions buy bonds issued by their own government, they expose themselves to sovereign risk.1 A sovereign default will thus deteriorate the defaulting country’s financial ...
... Sovereign governments borrow not only from international investors but also from domestic residents. When domestic financial institutions buy bonds issued by their own government, they expose themselves to sovereign risk.1 A sovereign default will thus deteriorate the defaulting country’s financial ...
"International Reserves and Rollover Risk"
... for the government. We find that it is relatively more costly to accumulate reserves when lenders are more risk averse and when income is lower. When lenders’ risk aversion takes a high value, the government has to pay a higher risk premium for the extra risk lenders face. Moreover, we also show tha ...
... for the government. We find that it is relatively more costly to accumulate reserves when lenders are more risk averse and when income is lower. When lenders’ risk aversion takes a high value, the government has to pay a higher risk premium for the extra risk lenders face. Moreover, we also show tha ...
Debt, Equity and Hybrid Decoupling
... from the disclosure rules that apply to full ownership, and not voluntarily disclosed), morphable (accompanied by the informal ability to acquire voting rights), or both (hidden (morphable) ownership). 3 Hidden (morphable) ownership can be seen as one form of ‘soft parking’ of shares: arranging for ...
... from the disclosure rules that apply to full ownership, and not voluntarily disclosed), morphable (accompanied by the informal ability to acquire voting rights), or both (hidden (morphable) ownership). 3 Hidden (morphable) ownership can be seen as one form of ‘soft parking’ of shares: arranging for ...
Kampala Capital City Authority
... ceased to be a Local Government entity and under Section 3(2) of the Act, it became a Central Government entity administered by the Central Government. In practicality, this meant that Central Government would have direct authority over Kampala, with the Minister in charge of the Presidency, also be ...
... ceased to be a Local Government entity and under Section 3(2) of the Act, it became a Central Government entity administered by the Central Government. In practicality, this meant that Central Government would have direct authority over Kampala, with the Minister in charge of the Presidency, also be ...
Fiscal Austerity, Growth Prospects, and Sovereign CDS Spreads
... they detail trends in the country’s revenues and liabilities and reveal the repayment capacity in the future. From the regression results all the short-term explanatory variables were significant while most of the long-term variables were insignificant, highlighting the short-termism of CDS markets. ...
... they detail trends in the country’s revenues and liabilities and reveal the repayment capacity in the future. From the regression results all the short-term explanatory variables were significant while most of the long-term variables were insignificant, highlighting the short-termism of CDS markets. ...
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
... In February 1998, Valhi entered into a $120 million revolving credit facility with Contran ($99 million outstanding at March 31, 1998). Borrowings by Contran bear interest at the prime rate (8.5% at March 31, 1998) and are collateralized by substantially all of Contran's assets, including 8 million ...
... In February 1998, Valhi entered into a $120 million revolving credit facility with Contran ($99 million outstanding at March 31, 1998). Borrowings by Contran bear interest at the prime rate (8.5% at March 31, 1998) and are collateralized by substantially all of Contran's assets, including 8 million ...
Financial globalization or great financial expansion
... interaction of each trend with financial vulnerabilities, in determining whether these have been significant antecedents of banking crises. Exploring these two narratives is important not only ...
... interaction of each trend with financial vulnerabilities, in determining whether these have been significant antecedents of banking crises. Exploring these two narratives is important not only ...
eDreams ODIGEO Quarter Ended March 31 2016 Results presentation
... Certain statements included or incorporated by reference within this presentation may constitute “forward-looking statements” in respect of the Group’s operations, performance, prospects and/or financial condition and the industry in which the Group operates. By their nature, forward-looking stateme ...
... Certain statements included or incorporated by reference within this presentation may constitute “forward-looking statements” in respect of the Group’s operations, performance, prospects and/or financial condition and the industry in which the Group operates. By their nature, forward-looking stateme ...
From Debt Collection to Relief Provision: 60 Years of Official Debt
... duties and house bilateral debt rescheduling talks in a ‘Washington Club’ of sorts (Callaghy, 2002). Eventually, the French government prevailed in these negotiations and the Paris Club was never moved to Washington. On the contrary, a permanent secretariat housed in the French Treasury was created ...
... duties and house bilateral debt rescheduling talks in a ‘Washington Club’ of sorts (Callaghy, 2002). Eventually, the French government prevailed in these negotiations and the Paris Club was never moved to Washington. On the contrary, a permanent secretariat housed in the French Treasury was created ...
ASTRAZENECA PLC (Form: F-3ASR, Received: 11/22/2016 11:52:39)
... securities is structurally subordinated to the liabilities of our subsidiaries. We are organized as a holding company, and substantially all of our operations are carried on through subsidiaries. Our ability to meet our financial obligations is dependent upon the availability of cash flows from our ...
... securities is structurally subordinated to the liabilities of our subsidiaries. We are organized as a holding company, and substantially all of our operations are carried on through subsidiaries. Our ability to meet our financial obligations is dependent upon the availability of cash flows from our ...
Default, Debt Maturity and Investment Dynamics
... Despite its shortcomings regarding the typical maturity mixed used by firms, some of the qualitative predictions regarding the relationship between leverage, debt maturity, and credit risk (as proxied, in the model, by a combination of net worth and debt outstanding) are borne out in the relatively ...
... Despite its shortcomings regarding the typical maturity mixed used by firms, some of the qualitative predictions regarding the relationship between leverage, debt maturity, and credit risk (as proxied, in the model, by a combination of net worth and debt outstanding) are borne out in the relatively ...
What Does a Mutual Fund`s Average Credit Quality
... of the Exxon-Mobil bond will fluctuate because of changing views of Exxon-Mobil’s creditworthiness, separate and apart from fluctuations due to changes in the general level of interest rates or the required compensation for any particular level of creditworthiness. Investors rely on credit rating co ...
... of the Exxon-Mobil bond will fluctuate because of changing views of Exxon-Mobil’s creditworthiness, separate and apart from fluctuations due to changes in the general level of interest rates or the required compensation for any particular level of creditworthiness. Investors rely on credit rating co ...
words - Investor Relations Solutions
... The accompanying unaudited consolidated financial statements include the financial statements of the Company, its wholly-owned subsidiaries, and its 80% -owned subsidiary, CAIJ, Inc. (CAIJ). The equity attributable to the minority interest in CAIJ is shown as a non-controlling interest on the Compan ...
... The accompanying unaudited consolidated financial statements include the financial statements of the Company, its wholly-owned subsidiaries, and its 80% -owned subsidiary, CAIJ, Inc. (CAIJ). The equity attributable to the minority interest in CAIJ is shown as a non-controlling interest on the Compan ...
First Report on the Public Credit
The First Report on the Public Credit was one of three major reports on fiscal and economic policy submitted by American Founding Father and first United States Treasury Secretary Alexander Hamilton on the request of Congress. The report analyzed the financial standing of the United States of America and made recommendations to reorganize the national debt and to establish the public credit. Commissioned by the House of Representatives on September 21, 1789, the Report was presented on January 9, 1790, at the second session of the First US Congress. The 40,000 word document called for full federal payment at face value to holders of government securities (“Redemption”) and the national government to assume funding of all state debt (“Assumption”) The political stalemate in Congress that ensued led to the Compromise of 1790, locating the permanent US capitol on the Potomac River (""Residency”).The Federalist's success in winning approval for Hamilton’s reforms led to the emergence of an opposition party – the Democratic-Republicans and set the stage for political struggles that would persist for decades in American politics.