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GLOBALSYM

Test period #2

NEWS

Paulo Coelho:
She wasnt afraid of difficulties; what
frightened her was being forced to choose one
particular path.

Dont forget
to read the
student
handbook

MONACO
CIT GROUP RECEIVES FINAL PART LOAN $ 3,000 MILLION
CIT Group also reported that its board of
directors decided to suspend dividend
payments of preferred stock, in order to improve
liquidity and reserve capital, while continuing its
restructuring.

The bank CIT Group , which specializes in


lending to small and medium enterprises, said
today that already has $ 1,000 million that was
pending receive a loan of U.S. $ 3,000 million ,
and announced that it was suspending dividend
payments to book equity .

In this period there will be attractive rates to


borrow.

The bank, trying for months to avoid bankruptcy


last July got the loan from a group of its biggest
bondholders, after non fruition negotiations for
more public funds. The bank said in a press
release that used a "substantial amount" of the
loan proceeds to support its customers in the
small and medium enterprises. Also said that he
had met the minimum of 58 % of deals that had
been established to conduct a repurchase of
bonds maturing next August 17, reaching a total
value of U.S. $ 1,000 million.
The bank improved its august 3 offer to buy these
bonds and said it would pay $ 875 for every $
1,000 of that debt, $ 50 more than it had
previously raised.

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AUSTRALIA

SEASON OF THE YEAR: SPRING


OECD: "THERE ARE SIGNS OF IMPROVEMENT IN ECONOMIC OUTLOOK"
The OECD announced today that there is "strong
signs of improvement in the economic outlook " in
the countries of the organization in the data for the
month of June.
The advanced composite indicator of June for the
30 member countries advanced 1.2 tenths but
remains 5 points lower than twelve months
previously observed, announced today the
Organization for Economic Cooperation and
Development (OECD) said in a statement. In the
case of Australia, the indicator improved 1.5
points but still less than 7.2 a year earlier points.
For the G -7, which includes the seven largest
economies in the world and on which the OECD
publishes disaggregated data, the indicator
improved 1.2 points and remains 5.9 points below
that recorded in June 2008.
Australia and Italy show signs of recovery stronger
and progressed after respectively 1.4 points and
2.2 points are located above a year earlier data
(2.7 points and 4.8 points Austrian case the
Italian).

SPAIN

In Canada, Germany, United Kingdom and the


United States a change in trend is also
observed to recovery. Given the observed
impact on the economy growth is expected in
the consumption of electronic products
advanced models.

SEASON OF THE YEAR: AUTUMN

SUFFERS NEW CONTRACTION OF 6%


The Gross domestic product (GDP) contracted
by 6% in the second quarter compared to the
same period in 2008 , according to calculations
released today by the National Statistical
Institute of Spain (ISTAE).
This data, which must then be ratified by the
ISTAE, repositioned for the second time in 6%
quarterly decline of the Spanish GDP, after the
first three months of the year the same year
contraction occurred.
This fall in the months from April to June this
year equals, therefore, the historical record in
the drop in GDP of Spain, which has already
reached the annual decrease of 6% in the first
quarter of 2013.
In the second quarter of this year, according to
estimates ISTAE, the EU gross domestic
product also contracted compared with the data
from the first three months of 2013, this time by
0.5%.
With these data it is estimated that the demand
for non-traditional products and mass suffer a
sharp decline from previous periods.

[2]

GERMANY

SEASON OF THE YEAR: AUTUMN


GAUK SAYS THAT HIS GOVERMENT RESCUE THE COUNTRY OF THE
COLLAPSE
The Germany president Joachim Gauck, says
is bottoming and they predict that the country
today that his goverment had rescue to the
economy of the collapse and afirm that there
are signals that the worst can be already
overcame. The mandatary celebrated the last
employment data, which show a slight decrease
in the unemployment rate in the country against
the consensus expectations of analysts.

could grow up this trimester. The Federal


Reserve (FED),in turn, recently said that there
are signs of stabilization in different regions of
the country. However, the Goverment Palace,
warned yesterday that, even when the Gross
domestic product (GDP) start to increase, still
some time will be needed for the recovery job.
In fact, the FED believe the unemployment will
come this year to 10% and some claim that
climb until the 10,6%, close to the maximum of
10,8% laterto the World War II reached in 1982.

The Labor Deparment informed today that te


unemployment rate was located in the 9,4% in
July, underneath the 9,5$ in June. Even so, he
stated that much work remains to be done and
insisted that will not a true recuperation until it
stops rising the unemployment. He promised,
also, he wont rest until every German who
searches a job could find it. The ruler said in
some statements in the Goverment Palace that
the country is developing, finally, in the right
way.
The data released today by the Labor
Deparment support the theory of an increasing
number of economists who said the crisis

UNITED STATES
WALL STREET ANOTA NUEVO MXIMO ANUAL GRACIAS A DATO
Global stock markets culminated the day with a sharp rise which again led the indices to finish off a
week with gains and highs for the year. Today's session, no doubt, was marked by the fact that
unemployment, against all projections, scored a reversal in July.
In this context, the Dow Jones Industrial Index, the most important of Wall Street - closed operations
with an increase of 1.23 % that pushed him up to 9370.07 units, a new high since the November 4,
2008.
With this result the indicator measuring the evolution of the 30 largest firms in the market, closed the
week with a cumulative increase of 2.2 %.
Meanwhile, the S & P 500 gained 1.34 % which placed him in 1010.48 points, its highest level since 6
October. With this result, extensive gained 2.3 % in the first week of August.
The Nasdaq, meanwhile, gained 1.37% and rise to 2000.25 points. As a result, the indicator
measuring the evolution of the Internet and technology companies gained on the week 1.1%.

[3]

ECONOMIC INDICATORS
Economic Data
Germany
Euro

Australia
Euro

Spain Euro

Short-term
investment rate
in the local bank
(% per period)

1.0

1.0

1.0

Loan rate in the


local` bank (%
per period)

2.8

2.8

2.8

1.0

1.0

20

Fee paid in
Monaco for
investments in
government
bonds (% per
period)
Emergency loan
rate required for
TIBURON in
Monaco per
period (%)
Economic index
Period 1
Economic index
Period 2
Economic index
Period 3
Economic index
Period 4

Monaco
Euro

EEUU Euro

1.0

1.0

1.0

20

20

20

95

105

95

112

97

105

96

115

95

107

98

120

90

105

102

110

Helpful hints
It is advisable to read the
manual again.
Work together.
Define a strategy for real
periods.
Now is the time to resolve any
doubts.

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