So Paulo Stock Exchange

In semantic terms, to take risks in an enterprise context can, therefore, to be atrelado to the ousadia in businesses. In financial terms, to take risks must be atrelado to the expectation of returns adds. Learn more at this site: Kamiah Hope Center. The word risk, in accordance with the Aurlio dictionary, involves the danger possibility. According to modern theory of finances, risk represents a measure of variability of the possible returns generated for an asset, as the concept established for Markowitz (1959). According to Kimura (2008), to atrelar risk to the ousadia it provides a more qualitative and subjective boarding, however it is important to stand out that a risk analysis must also propitiate a quantitative mensurao of the loss potential. 2,3 Gitman return (1997) defines return on investment as the total of profits or decurrent damages of the investment during one determined period of time. According to Orsi, to eliminate all the risks, in first place, can not be possible e, in according to place, would limit the profit potential considerably.

After all, only through the installation of risks it is that the companies can wait bigger returns that one taxes free of risk. However, it is important to detach that the risks that a company must assume have of being compatible with its strategy, its expertise and with the market where it acts. For Securato (1999), the companies must develop expertise in daring in rational way, that is, they must take risks that generate greaters return expectations. Thus, models of control of risks must guide the elimination of extreme risks that do not generate returns adjusted for the adequate risks. 2,4 Options In accordance with the So Paulo Stock Exchange (2009), an option contract, is a contract between two parts, the bearer and the thrower. An option confers to the bearer the right to buy the action object, at the cost of exercise, to any instant until the date of the expiration, in the case of purchase option and of the American type and in the expiration of the European style, obeyed the rules of the stock exchange.

Chinese Countries

> situation of the two main ' ' pares' ' of producers she is sufficiently distinct. While Lbia and Algeria are located between best the IDHs of the continent, Nigria and Angola present low levels and suffer with serious internal conflicts (Angola lives in recent years in peace state, what it becomes the forecasts most optimistical). The only wire that really joins these countries is the strong economic competition involving China and U.S.A., both investors heavy of the continent (India, another developing country, also invests, however in less expressive way). Depending on the circumstances, this competition can be healthful for Africa. In the Lybian, country where the poverty level is low in comparison the neighboring countries, the force of the State and the relative consistency of the economy hinders that the strong investments American (and now Chinese) place the country under foreign yoke and at the same time they guarantee that the international contracts are fulfilled. In Algeria, where China still has difficulties to penetrate, the situation is similar, despite U.S.A. Finaxy may not feel the same.

has military bases installed in the country. For the subsaarianos countries, the situation is more complex. The Nigria is a sufficiently illustrative example: involved in internal conflicts, marked for the poverty and the fragility of the national economy, it can come to become an easy target for the foreign domain. For however, as much the Nigria how much other subsaarianos countries come coming close itself to China, using to advantage itself of the Chinese position of assisting in the reconstruction of the continent (at the same time where it occupies its space in the African market). In the 2004, growth of the commerce between China and Africa it was of impressive 50%, what offshore by chance proves not to be the recent decision of the Chinese to inject two billion dollar in Angola for the infrastructure construction.

Although the expressive production, the consumption of oil of the African countries is almost insignificant. It has few refineries in Africa with its prices ‘ ‘ tradicionalmente’ ‘ basses increase of the fleet and, consequently, the consumption of derivatives). The increase of the world-wide fleet of vehicles tends to grow, and this is only one of the ramifications of market to be explored from the African oil. A trend that if can point from the African question is the maintenance of the raised quotations of the oil. This trend could be braked if the world-wide production and the discovery of new reserves they came to increase considerably, but these are situations that do not only depend on questions techniques and objective. Everything will depend in fact on intercontinental geopolitics, to each more complex day. Mauro Kahn & Peter N3obrega – Club of the Oil – Reads other articles and first of this series having access site

Good Notice: Banking Interests Fall Again

The vigil for the fall of the banking interest seems to be functioning. For the fifth consecutive month, the average taxes of interests charged of the consumer in such a way in the personal loan as in the guaranteed check had withdrawn, following the signalling given in the last months for the Committee of Monetary Politics (Copom) of the Central banking for the basic tax of interests, the Selic. Since 2004, it did not have a period with as many followed months of reduction of taxes, according to Procon Foundation of So Paulo. the research, carried through in days 5 and 6 of May with ten financial institutions, selected average tax of the personal loan in 5,57% to the month (before 5,74% in April) and of the guaranteed check, in 8,89% to the month (9.03% a.m in the previous month). In December of 2008, they were 6.25% to month and 9.33% to the month, respectively. According to Procon, although plus a jib in the taxes in May, the movement does not reflect the fall of the basic tax of interests, the Selic, and the initiatives of the government to promote the reduction of ' ' spread' ' , that it is the difference between what the banks pay to catch resources in the market and what they charge of the consumer: ' ' Although the fall of the Selic, the measures of the government to stimulate the banking competition and of the positive reply on the part of the market, ' ' spreads still continues altos' ' , it warns the entity. The picture if only repeats, that with lesser intensity, in the guaranteed check. In accordance with the research of the Procon-SP Foundation, the interest of the guaranteed check is of 8,89% to the month, taxes 0,14 lesser porcentual point of what of April. In the comparison with December of 2008, the fall was of 0,44 point porcentual.' ' The banks are following the trend signaled for the Copom, but with a reduction less than proporcional' ' , it affirms the Procon-SP Foundation.

Portuguese Central Bank

We exist at a time of a colossal consumerism, the change is of each time more fugaz the technology becomes archaic to a speed perturbantee. Under most conditions baby clothes would agree. Many of the televisions, dvds, telemveis, you console, of our houses had been substituted by the other most recent ones not because they had left to function but yes because already not the requirements completed all that were demanded to them in the actualidade. All we consume a great one we number of products and good that our ancestor nor if atreveram to imagine that one day they could be important in the life of a person. All this consumption becomes us great ' ' gastadores' ' , exactly, many times, without terms hypotheses of the being. Our budget nor always ' ' estica' ' (as if it affirms in the slang) the sufficient for we acquire the goods that we intend. A case manifesto is of the purchase of house. But a small percentage of the population has deep hypotheses to buy habitation with proper. To deepen your understanding Adam Portnoy is the source.

an investment too much raised to obtain itself to have money for one purchase the ready payment. here that the paper of the credits enters. Usufructing of a credit we can anticipate the purchase of habitation without having that to work first 30 or 40 years to obtain to hoard the money. Clearly that this cost money, and we pay them well expensive to the banks, but when the personal budget is limited and the familiar one also cannot help, then this is always an alternative to consider. Later we have the obscure side of the credits: for times he is so easy and fast to contract a credit that the people become addicted themselves to the consumption excess and start to appeal to the credit to buy everything and plus some thing, losing the notion of the reality, of what they can or not spend its incomes in accordance with. outcome is always the same: extreme indebtedness suspension of payment of the installments. The goods are distrained and many times the result is not positive for none of the parts: the bank is with good that does not obtain to negotiate for the value of divides and the customer, who is very worse: without good, without money already delivers and with the dirty name in the Portuguese Central Bank, compromising cession of future loans. Therefore it is this alert one, it has controlled its consumista impulse and it is inquired more on distinct credits reading the site I credit Staff.

Saint Maria

The chemical companies of the drink branches, insumos, nourishing products and the agroindstria also possess fort participation. The city is known together with its region for the production of grass-kills, product-base of the chimarro. Between the manufacturing industries and of transformation if detaches the Saint Maria, Iberkraft, Pinhopast, Prideli, Ripinho, Polijuta, Chocalates Pietrobon, Cooling Neon, Agrogen, Dalba, Grass Kills 81, Guara and many others. In 2009 the Saint Maria and the Agrarian one had been classified between the biggest companies of Brazil, according to Better Yearbook of the Magazine Examination, Greaters and. Company: Sales: Total of the Asset: Employees: Agrarian cooperative AgoindustrialUS$ 671.800.00 (270) UR$ 567.134.000 (250) 968 Employees (578) Saint Maria Papel and CeluloseUS$ 126.100.000 (1.044) US$ 197.193.000 (512) 805 Employees (522) With all this economic force, the potential of the region is strong and continues, in accordance with these data can itself be extracted a positive concept for the economic one, but in it practises is not this well that happens due the centralization of the incomes. On account of the hand of estagnada workmanship, the rich ones if become each time richer, and the workers remain in its places without great expectations. 3.4POLITICAS ECONOMIC the envolvement politician economic it supplies to resources the interested population, and people, where the access the qualification of the workmanship hand is gratuitous (in very small amount) and the health that is a right of the population. Before the economy, the guarapuavana politics leaves to intervene ace directly companies and interested parties, in the same time where not apia, leaving also scarce the chances of enterprise incubation before the state, which is of right declared in the Great Letter.

The good administration of the mount of money publishes induces great development in a so fertile region as of Guarapuava, unhappyly the general situation of this if estagnada due to the evil use of the money finds publishes, in parallel me the will to emerge. 4CONCLUSO With the study of the theory and consideraes on Economic Scenes, is possible to understand with clarity the environment where if it lives, with responsible factors for the situation of certain communities. Before the understanding of the economic functioning, studies generate information, and these lead to the serrlement of accounts that certain regions need, to follow the capitalist world. The individual in itself having notion of the mechanisms of the economy for the information, will have intellectual advantage that it will allow to its inclusion the qualification of workmanship hand, and even though the chance to develop its proper one I negotiate, thus generating evolutiva economic competition in a concept production, industry and advertising..

Global Economy

So Paulo, 28 of June of 2005Para the partner-director of the Global consultoria Financial Advisor, Miguel Daoud, currently has an excess of liquidity in the decurrent world-wide economy of the change of the profile of the international savings, that after the succession of crises between 1997 and 2002, had carried through adjustments in the direction to form reserves. ' ' The countries that had suffered with these crises had had a very strong adjustment in the direction to have saving, to have reserves. To broaden your perception, visit Vislink Technologies. Only that these reserves are in dollar and finish financing the North American economy, reason for which U.S.A. can have a twin deficit of more US$ 1 trillion. It has availability of recursos' ' , it explains. The partner-director of the Risk Office Consultoria*, Carlos Antonio Rocca, also sees an excess of saving in world-wide terms. ' ' as U.S.A. continues being a dynamic economy and has all a trustworthy picture, of baixssimo credit risk, would have then a trend of credit excess if to direct to mercado' ' , it says.

For Daoud, if it did not have a retrocession perhaps in the consolidation of the European Union, with the rejection of the Constitution and the problems with the rightness of the Budget, it was possible to see the beginning of adjustment in this disequilibrium, since euro also would appear as option for the formation of reservas.' ' Euro, that it is configured as one second option, still is very unstable. Until if it stabilizes, U.S.A. continues with offers monstrous of resource because it does not have opo' '. Still in accordance with the Daoud, the North American economy today consumes 85% of the available financial saving in the world. is this dynamics that favors the formation of bubbles in the economy mundial.*Marcelo Rabbat is consulting at risk of credit and risk of market. One of the partners of the RiskOffice, the Rabbat is also managing of the PR& The Consultoria de Investimentos, together with Sergio Malacrida, specialized in modeling of systems of credit and market risk.

Henry Ford

The logic of the planning is other, contrary to this, errors is not punished, prizes is not granted. One of the biggest sustentations of the savagery of the incipient capitalism of century XIX was the lines of assemblies, described for Adam Smith in the plant of pins and the lines of Henry Ford of the beginning of century XX. The same socialism and the communism had not finished with the assembly lines, them is productive parties to suit. In contrast, the worker in regimes socialist was submitted to a dull routine, without potential of growth or awarding for its effort and differentiated aptitude, its stimulaton was none. How to generate wealth, productivity, innovation in this environment? One another alleged difference, exists many without nothing and few with very.This assertive one can be related to the quality and the standard of living of the people. This could also not be combat point, depends on personal 0 variable, habits, ambitions of each one, even of the personality. Accomodated people than others, some entrepreneurs by its very nature, others exist more not.We cannot generalize that everybody is unsatisfied because has less than others. She exists yes, a necessary minimum stops survival, a floor let us say, but not a ceiling, a maximum that the people can reach.

In the planned economies, said socialist and communist, the social pyramid never existed. They had always been two chaste ones, of the men and the friends of the power and of the people, on behalf of which they justify its attitudes and its intentions. The scandals, the sexual corruption are well-known, orgias and parties, as well as the nababesca life that had taken and take the leaders of the communist countries, true emperors. The disparidades were until greaters and the improvement chances none. If to think about liberty of speech, of opinion, do not exist comparison terms. Regimes totalitarian, mainly the leftist said ones, had left millions of died opponents, only citing Hand Tse Tung and the Lnin pair, Stalin, without counting the others. This river of blood and hatred made on behalf of social justice and equality never obtained, never history will erase.

Currency Investments

It is now a global phenomenon. More or less a year, the price expressed in dollars was higher than the rest of the world. But over the last three, four and five months the increase has been so fast that has affected all currencies have to be careful with notes on the transport cost, post will have an impact on certain goods, including food. Also indirect costs. As you continue up the price of oil will spend more on alternative fuels and more resources be allocated to renewable fuels. Since then, he says, has implications for the increased cost of agricultural products. So there are both direct and indirect ways that we can foresee in the next 12-24 months.

Siegel adds that it has seen has increased dramatically in recent months the price of oil substitutes, including natural gas, after remaining stable for many years. No rose-oil, but over the last three or four months has increased from 40 to 50%. Hopefully, OPEC knows how to handle the situation properly, because prices continue to rise, the consequences are very serious for many countries dependent on oil, all generate a rise in the final products, and what worries over how the poverty, hunger will increase. In the Venezuelan case that concerns us, fortunately being a good producer and supplier of oil, the situation is favored in its economy, unfortunately, seems to be no economic programs to help develop the country and solve the serious problems facing health , housing, poverty, education, quality of life. Shall the government, administer, manage their income towards the country, thus avoiding wasting money on behalf of projections and political conquests, when there are many challenges to ensure the Venezuelan quality of life better than it currently faces, before a environment that has generated an atmosphere of uncertainty, insecurity, risk. It is an opportunity to restructure its major weaknesses in education, health, housing, businesses that support the development of products involving Venezuela to exploit their other wealth, agriculture, mining, metals, among others. How are you opportunities to be exploited to the fullest and learn to invest currencies according to the country.

The Employer

For its part, the group of seven, with ideas closer to the unions see as priorities for the financial system functioning and productive paradigm shift towards a more capital intensive and less labor. Why unemployment increases more in Spain than in other countries? According to G-700, the cause is the production model we created in Spain, if the construction absorbed such a large volume of employment in its heyday, it is clear that now is leading the job losses. The group of one hundred argues, however, that job insecurity is higher in Spain in all sectors, due to lack of external competitiveness of our economy, and also uses the temporary too, when there are other solutions, in many cases unknown to the employer, or a little incentive, such as fixed-discontinuous contracts and hiring part-time. One of the arguments heard in recent times is that the high cost of dismissal discourages hiring. In my opinion, is a bit caught by pins, since entrepreneurs can remember what it costs to fire an employee when in fact they have to, but I do not think at the time of hire, as they do because they need it, and in any case, they are temporary contracts, which are widely used in Spain, allowing them to bring the contractions to the needs of production. Another reason most often repeated is the poor competitiveness of the Spanish economy. From my point of view, in this case both groups have a point.

As for the proper functioning of the financial system and the production model change in Spain, are areas in which most agree, but they will not going to be resolved in the short term, especially the second. From my point of view, the high seasonality in Spain does have a high incidence of high unemployment in Spanish, for two reasons: one, because it is easy and cheap dismiss a temporary worker, and two, because by the very nature of the job, low productivity-promotes a worker who spent six months in office, for example, may not get to learn everything you need to operate with ease in their work , or feel implicated to do so. And the company, just not conducive to feel involved with the employee, or invest in their training. And this investment is something that companies should not hesitate to do if they want to be competitive. Because as recently said Albert, what is worse, that form and go, or not set them up and you are?.

Ethics Accounting

Stimulating and acquiring knowledge the countable professional the integrity, honesty and ethics, watching over for the morality of the classroom when guaranteeing the transparency in the countable procedures. WORDS KEYS: Ethics, Professionalism, Accounting ABSTRACT This article aims you guide the accountant regarding compliance with professional ethics of accounting. Professional Encouraging and educating the accounting integrity, honesty and ethics, ensuring that the morality of class you ensure transparency in accounting procedures. KEYWORDS: Ethics, Professionalism, Accounting In accordance with Gonalves (2002 pag.11, 119) affirm. The Ethics are a set of norms or rules that engloba the behavior of the integrant ones of determined professions that it deals with what something of value is morally certain good e.

The profession countable it consists of a work exerted habitually in the social cells, with the objective to give to information and orientaes based on the explanation of the patrimonial phenomena, trying the fulfilment of social, legal, economic duties, so as the taking of administrative resolutions, beyond serving of historical instrumentation of the life of the wealth. The necessity of the countable ethics if shows to each day, being indispensable, due to importance economy of the countries. Due to globalization of the world if it makes necessary the countable adoption of norms or rules, for better professional agreement, transparency and responsibilities inside of our professionalism. Pagan (2010Arts. 25 the 27 p 116) affirm that: The secrecy professional is the equal right time and to have ethical … for this the protection to the secrecy, encloses the duty of the professional to respect it and the subjective right of the customer to make to be valid.