BARRICK GOLD CORP (Form: 6-K, Received: 02/14
... reflects lower realized gold and copper prices and increased income tax payments. Adjusted operating cash flow of $1.09 billion 3 compares to $1.93 billion in the prior-year period and removes the impact of foreign currency and commodity derivative contract settlements. RESERVES AND RESOURCES Barric ...
... reflects lower realized gold and copper prices and increased income tax payments. Adjusted operating cash flow of $1.09 billion 3 compares to $1.93 billion in the prior-year period and removes the impact of foreign currency and commodity derivative contract settlements. RESERVES AND RESOURCES Barric ...
Canadian Imperial Bank of Commerce
... limited to, statements about the operations, business lines, financial condition, risk management, priorities, targets, ongoing objectives, strategies and outlook of CIBC for 2008 and subsequent periods. Forward-looking statements are typically identified by the words “believe,” “expect,” “anticipat ...
... limited to, statements about the operations, business lines, financial condition, risk management, priorities, targets, ongoing objectives, strategies and outlook of CIBC for 2008 and subsequent periods. Forward-looking statements are typically identified by the words “believe,” “expect,” “anticipat ...
THE RELATIONSHIP BETWEEN CREDIT
... S&P AAA categories are not subdivided. Ratings below Baa3 (Moody’s) and BBB– (S&P) are referred to as “below investment grade”. Analysts and commentators often use ratings as descriptors of the creditworthiness of bond issuers rather than descriptors of the quality of the bonds themselves. This is ...
... S&P AAA categories are not subdivided. Ratings below Baa3 (Moody’s) and BBB– (S&P) are referred to as “below investment grade”. Analysts and commentators often use ratings as descriptors of the creditworthiness of bond issuers rather than descriptors of the quality of the bonds themselves. This is ...
2.07 Clearing Rules Cash Market
... systems of the Clearing House. The exchange operating company defines, on the instructions of the Clearing House, which securities are not deemed CCP-eligible and publishes these in the Official Bulletin of the exchange operating company. (2) All exchange transactions in non-CCP-eligible securities ...
... systems of the Clearing House. The exchange operating company defines, on the instructions of the Clearing House, which securities are not deemed CCP-eligible and publishes these in the Official Bulletin of the exchange operating company. (2) All exchange transactions in non-CCP-eligible securities ...
2016 Annual Report
... of Board members, once again dealt with it effectively through ongoing cost control, refinancing near-term debt into longer maturities, and buying back $1 billion of our outstanding bonds. We are continuing to focus on cost control, and plan to continue deploying part of our operating cash flow to r ...
... of Board members, once again dealt with it effectively through ongoing cost control, refinancing near-term debt into longer maturities, and buying back $1 billion of our outstanding bonds. We are continuing to focus on cost control, and plan to continue deploying part of our operating cash flow to r ...
Market-Consistent Valuations of Life Insurance Business
... firms discretion regarding whether or not they incorporate the effect of management actions. ...
... firms discretion regarding whether or not they incorporate the effect of management actions. ...
The Conditional Relationship between Risk and Return in Iran`s
... news (Chen, Roll and Ross, 1986), and stock returns are influenced by unexpected fluctuations in macroeconomic variables such as oil prices, exchange rates and inflation. Thus, in addition to market risk, the economic risks faced by a country can also be considered risk factors that affect stock ret ...
... news (Chen, Roll and Ross, 1986), and stock returns are influenced by unexpected fluctuations in macroeconomic variables such as oil prices, exchange rates and inflation. Thus, in addition to market risk, the economic risks faced by a country can also be considered risk factors that affect stock ret ...
Optimal Consumption and Portfolio Choices with Risky
... Our analysis of alternative housing-choice policies indicates that housing choice has a significant impact on the investors’ portfolio decisions. Compared with the optimal portfolio choice, which allows investors to endogenously choose renting versus owning a house, investors overweigh in equity whe ...
... Our analysis of alternative housing-choice policies indicates that housing choice has a significant impact on the investors’ portfolio decisions. Compared with the optimal portfolio choice, which allows investors to endogenously choose renting versus owning a house, investors overweigh in equity whe ...
Financial Markets and the Real Economy
... In fact, the first stab at this piece of economics is a disaster, in a way first made precise by the “equity premium” puzzle. The marginal value of wealth needed to make sense of the most basic stock market facts is orders of magnitude more volatile than that specified in almost all macroeconomic mo ...
... In fact, the first stab at this piece of economics is a disaster, in a way first made precise by the “equity premium” puzzle. The marginal value of wealth needed to make sense of the most basic stock market facts is orders of magnitude more volatile than that specified in almost all macroeconomic mo ...
Simplify Hybrid and Cloud Integration
... The defined integration for the SAP ERP with Concur covers the setup of the System connection the Export of cost objects and employee data for SAP ERP to Concur. After this is done and the Concur system has been configured you can configure the financial Posting in the SAP ERP. The SAP ERP system wi ...
... The defined integration for the SAP ERP with Concur covers the setup of the System connection the Export of cost objects and employee data for SAP ERP to Concur. After this is done and the Concur system has been configured you can configure the financial Posting in the SAP ERP. The SAP ERP system wi ...
Form 20-F/A - MOL Corporate
... and Item 18 of the Original Form 20-F to reflect the Company’s restated financial statements as of and for the year ended December 31, 2014, and Item 15 of the Original Form 20-F to describe a material weakness and significant deficiencies in our internal control over financial reporting as of Decem ...
... and Item 18 of the Original Form 20-F to reflect the Company’s restated financial statements as of and for the year ended December 31, 2014, and Item 15 of the Original Form 20-F to describe a material weakness and significant deficiencies in our internal control over financial reporting as of Decem ...
Argentina: From From Default to Default
... Chart 19: External debt Argentina: 2001 – 2013 ............................................................................................. 59 Chart 20: Capital flows (capital and financial account): 2001 – 2014 ............................................................ 60 Chart 21: Argentine GDP ...
... Chart 19: External debt Argentina: 2001 – 2013 ............................................................................................. 59 Chart 20: Capital flows (capital and financial account): 2001 – 2014 ............................................................ 60 Chart 21: Argentine GDP ...
Word - corporate
... sale of display, banner and video advertising through all of these platforms. All of our interactive businesses benefit from archived television network programming, of which we own approximately 94.2 percent. Owning our programming enables us to efficiently and economically repurpose it for use on ...
... sale of display, banner and video advertising through all of these platforms. All of our interactive businesses benefit from archived television network programming, of which we own approximately 94.2 percent. Owning our programming enables us to efficiently and economically repurpose it for use on ...
The Institutional Construction of Firms
... owners' interests and those of salaried managers (Berle and Means, 1932; Blair, 1995; Marris, 1964, but see also Gadhoum et al., 2005). As shareholdings in some of the leading firms in the stock market dominated economies of the UK, USA and similar societies have become more fragmented in terms of t ...
... owners' interests and those of salaried managers (Berle and Means, 1932; Blair, 1995; Marris, 1964, but see also Gadhoum et al., 2005). As shareholdings in some of the leading firms in the stock market dominated economies of the UK, USA and similar societies have become more fragmented in terms of t ...
Equilibrium Cross-Section of Returns
... The cross-sectional properties of stock returns have attracted considerable attention in recent empirical literature in financial economics. One of the best known studies, by Fama and French (1992), uncovers the relations between firm characteristics such as book-to-market ratio and firm size and stock ...
... The cross-sectional properties of stock returns have attracted considerable attention in recent empirical literature in financial economics. One of the best known studies, by Fama and French (1992), uncovers the relations between firm characteristics such as book-to-market ratio and firm size and stock ...
Chapter 6
... returns on a given stock move with the stock market. The average stock’s beta would move on average with the market so it would have a beta of 1.0. l. The security market line (SML) represents in a graphical form, the relationship between the risk of an asset as measured by its beta and the required ...
... returns on a given stock move with the stock market. The average stock’s beta would move on average with the market so it would have a beta of 1.0. l. The security market line (SML) represents in a graphical form, the relationship between the risk of an asset as measured by its beta and the required ...
Volume 69 No. 1, March 2006 Contents
... uncertainty, once these have been restated for assets rather than consumption goods. This follows in part the ...
... uncertainty, once these have been restated for assets rather than consumption goods. This follows in part the ...
FORM 10-K - corporate
... the Anti-Kickback Statute, including those specifically applicable to ASCs, our operations and arrangements do not comply with all of the requirements. As we do not have the benefit of the safe harbors, we are not immune from government review or prosecution. However, we believe that our operations ...
... the Anti-Kickback Statute, including those specifically applicable to ASCs, our operations and arrangements do not comply with all of the requirements. As we do not have the benefit of the safe harbors, we are not immune from government review or prosecution. However, we believe that our operations ...
Monte Carlo Simulation in Financial Valuation
... Present value calculations are ubiquitous in finance. But the average of stochastic inputs cannot be used to calculate the average present value because the formula is non-linear. This is due to the so-called Jensen inequality. It is therefore necessary to know the probability distribution of the in ...
... Present value calculations are ubiquitous in finance. But the average of stochastic inputs cannot be used to calculate the average present value because the formula is non-linear. This is due to the so-called Jensen inequality. It is therefore necessary to know the probability distribution of the in ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.