Shanghai Stock Exchange

Sridhar Gogineni in his article The Stock Market Reaction to Oil Price Changes analyzed the stock market’s reaction to oil price changes. Considering the level of interest in oil prices and their supposed impact on the stock market, While the stock market is sensitive to oil price changes, financial media seems to over play the supposed impact of oil prices. Oil price changes most likely caused due to supply shifts, i.e., large price changes over a one-day horizon and price changes during the…

Derivatives e.g swaps and futures are mainly used to assist CAO (China Aviation Oil) in enhancing their procurement proficiency and hedging tool in the beginning to reduce the risk in their daily trading activities. Eventually derivatives are used in speculative trading without having a proper risk management environment in place in hope to gain more profit from the positive market movement. When the trading was done at the start, Mr Chen Juilin the managing director and CEO of the company, was…

In Julie Jargon and Jesse Newman’s article, “Fresh Ingredients Came Back to Haunt Chipotle”, the authors discuss how Chipotle is phasing their way out of a major decline in their company. Chipotle is a chain currently suffering due to heath safety issues, and because of this, their sales have dramatically fallen. Chipotle was once a leading company as the article notes: “Steve Ellis built Chipotle Mexican Grill Inc. into a restaurant-industry leader by playing offense, brashly touting fresher…

Bernie Madoff was a master at impression management or social engineering. According to psychiatrists impression management has three goals. Ingratiation, this means to convey displaying certain positive emotions such as happiness to mimic good will. Intimidation to strike fear into the hearts of the people you want to fool, and supplication to get others to be helpful. These 3 qualities describe Bernie Madoff to a tea. All these characteristics work together to fool your victim into perceiving…

1.1 Overview of “The world is flat” by Thomas. L. Friedman Friedman has divided the globalization history into three important parts as Globalization 1.0(1492-1800), Globalization 2.0 (1800-2000) and Globalization 3.0 (2000 onwards) where the world shrank from large to medium (country globalization), medium to small (companies globalization) and small to tiny (individual globalization) respectively. The author has stated the 10 factors that have played a crucial role in flattening the world as…

KPMG is one among the Big Four. The latter designates the four largest financial audit groups worldwide that are Deloitte, Ernst & Young, PricewaterhouseCoopers and KPMG. In fact, the company's name stands for Klynveld Peat Marwick Goerdeler which is a merger between two auditor companies Klynveld Main Goerdeler and Peat Marwick. Actually KPMG is operating in 152 countries. Each national firm is an independent entity that is part of the universal KPMG network and so member of the KPMG…

National Oilwell Varco: Buy the Drop Oil and gas equipment services provider National Oilwell Varco (NOV) has declined to its 52-week lows after losing half of its value on the stock market this year. Now, while it is a given that companies related to the oil patch will see weakness in their stock price, I think that the market has been too harsh on National Oilwell. This is because despite the end-market challenges, the company has managed to beat bottom-line estimates in each of the last four…

The case aims at determining whether Martha Stewart lied to investigators and her company’s investigators about it. On Dec. 27, 2001, Stewart cashed out her ImClone stake at an average price of $58.43, collecting about $229,500 (U.S. Securities and Exchange Commission, 2003). After the market closed the following day, the Food and Drug Administration announced its refusal to review ImClone's application for Erbitux, a promising cancer drug. The next trading day, Dec. 31, ImClone's shares opened…

(2011) stated that the early theoretical articulations of the Efficient Market Hypothesis (EMH) focused on arguments that future changes in security prices should be unpredictable. This proposition of the random walk hypothesis was supported by French stock broker Jules Regnault (1863), who proposed that the…

Is the lottery a good idea or not? Did you know that 5 in 176,000 win the lottery? Well they do according to Lewis humphries the more you spend on the lottery to less chances you get of winning the lottery! In 2000 the big game jackpot grew to $363 million dollars by 2013! The statement here is that the lottery is a good idea! How much money do people spend on the lottery? $50.9 billion dollars are spent on the lottery. That's in total that 13 dollars a month to each person that does the…