Forward u Money market u Futures u Options l Ongoing transactions exposure Forwards, Futures and Money-Market Hedging 7 Copyright ©1997 Ian H. Giddy Giddy Forwards, Futures and Money-Market Hedging/2 Tools for Hedging l Petrobras has to pay for equipment from Japan, in Japanese yen, in 3 months u Borrow and pay now? u Use a forward contract/FX swap? u Pay later at spot? Copyright ©1997 Ian H. Giddy Forwards, Futures and Money-Market Hedging 8 Forward Contracts
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RESEARCH AND INNOVATION POLICY OF BRAZIL 1. Some Numbers: • Total area - 8.5 million km² • Population - 191 million • GDP (2010) - 3,7 US$ trillion • Investment in R&D - 1.25 % GDP in 2010 • Scientists and researchers - 231,000 in 2010 (headcount) • Scientific papers - 2.7 % of world scientific production • world's sixth largest by nominal GDP • eighth largest by purchasing power parity. • moderately free markets and an inward-oriented economy. • the largest in Latin American
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Preparation Questions for Myers & Majluf Article on Financing and Investing Decisions Tradicional Finance a) If the NPV of the project is positive, the firm should undertake the investment. b) Base in the formula I = E + S we can demonstrate what is the best decision for the company. For that we will make a numerical example. State 1 State 2 Asset-in.place a 150 50 Investment Opportunity (NPV) b 20 10 P' I Debt (D) Lot of cash S E True Value (V) P'+E V V old new = = = 115 150 0
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Shell´s Environmental Responsibility in Vila Carioca, Sao Paulo, Brazil [1] by Jose Antonio Puppim de Oliveira Associate Professor Brazilian School of Public and Business Administration - EBAPE Getulio Vargas Foundation - FGV Praia de Botafogo 190, room 507 CEP: 22250-900, Rio de Janeiro - RJ, Brazil phone: (55-21) 2559-5737 fax: (55-21) 2559-5710 e-mail: puppim@fgv.br Introduction: Shell defines its aim as “to meet the energy needs of society, in ways that are economically
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THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY THE INTERNATIONAL OIL COMPANIES BY AMY MYERS JAFFE WALLACE S. WILSON FELLOW IN ENERGY STUDIES JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RONALD SOLIGO, PH.D. PROFESSOR OF ECONOMICS, RICE UNIVERSITY RICE SCHOLAR, JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY PREPARED IN CONJUNCTION WITH AN ENERGY STUDY SPONSORED BY JAPAN PETROLEUM ENERGY CENTER AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY NOVEMBER 2007
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Is Shell really Arctic ready? Nick Butler | Jan 14 2013 14:59 | 10 | Share Shell's drilling barge the Kulluk. Getty Images There are two important lessons from the mounting problems facing Shell as a result of the series of accidents that have afflicted its drilling programme in the Arctic. The first is that major companies must have the capacity to call a halt and to break the inexorable internal momentum that so often makes it impossible to stop projects once they have started. The ability
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1 Speed Racer (2008) Distributed by Warner Bros. By: Kjirsten Speer Senior Project April 2011 Special Acknowledgments: Bill Sonnega and Sian Muir, Professors at St. Olaf College, for instruction and guidance 2 Table of Contents 1. Executive Summary 2. Introduction 2.1 Mission Statement 2.2 Main Objectives 3. Marketing Strategies (2008) 3.1 Overview 3.2 Budget 3.3 Marketing Strategies 3.4 Assessment 4. Current Situational Assessment 4.1 Industry Analysis 4.2 Macroenvironmental
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was briefly the world’s tallest building in the 1990s. All the fuss, though, has been within Malaysia’s borders. Outside the country, the plan has barely been noticed. Contrast this with the attention focused on Brazil earlier this year when Petrobras, that country’s state oil and gas producer, raised $67bn in the biggest share issue in global corporate history. Petronas is opaque and hard to value but Kuala Lumpur analysts guess at a market valuation of $210bn on the basis of last year’s earnings
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Правительство Российской Федерации Государственное образовательное бюджетное учреждение высшего профессионального образования Национальный исследовательский университет – Высшая школа экономики Факультет мировой экономики и мировой политики Кафедра энергетических и сырьевых рынков КУРСОВАЯ РАБОТА на тему «Проблемы обеспечения нефтяными ресурсами китайской экономики в начале XXI века» Студент группы №362 Двойченков П. Н. Научный руководитель доцент, Начальник
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https://www.studypool.com/discuss/288031/acc-303-assignment-1-exxon-versus-chevron Assignment Title Your name Your Instructor’s name Course # Your Institution’s name Date: Chevron and Exxon 1. Compare and contrast the limitations and usefulness of the single-step income statement and the multi-step income statement. A single-step income statement presents a company’s net loss or profit is a single mathematical
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