Business and Finance — Revision

The U.K. unveiled a new budget containing wide-ranging changes to Britain's tax and welfare system, but left open the possibility of further rises in interest rates.

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Mobil reached a preliminary pact to form a plastics joint venture with Hoechst. The U.S. and German firms would each hold 50% in the venture, which would blend (join) the companies'films businesses.

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A senior HSBC executive quit (left) to join rival British bank Standard Chartered. The unexpected resignation of Au Siu-kee, one of Hong Kong's best-known local bankers, is seen as a blow to HSBC.

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Diageo PLC posted (reported) a 35% increase in pre-tax profit in 1998 as the owner of food and spirits brands said it overcame obstacles such as merger costs and the strength of sterling.

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BASF's last year's profit surpassed (exceeded) analysts' expectations. The German chemical group's net rose 14%. Separately, its big competitor (rival) Bayer said it expects pre-tax earnings to grow 4% this year.

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Credit Lyonnais plans to announce current profits of roughly S197 million Thursday, said analysts, up sharply from last year.

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Russian stocks again fell 4.9%, a drop attributed to concerns about the health of Russia's oil companies and the future of Iraq.

Crude-oil futures fell, but closed off their lows as Venezuela sought an agreement to pull (withdraw) production from the world market.

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Chase Manhattan will cut its work force by nearly 6% and take a first quarter, after-tax charge in an effort to cut rising costs and raise revenue (earnings).

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Washington Mutual will acquire (buy) rival H.F.Ahmanson in a $9.9 bn deal, creating the U.S.'s seventh-largest bank in terms of assets.

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Deutsche Telekom launched several products and services at the CeBIT show, responding to aggressive price cu(s by its competitors in Germany.

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A.Greenspan backs a U.S. financial-services bill being pushed by the U.S. Republican leadership. The Fed (FRS) chairman's support came a day after a top Treasury Department (Минфин) official criticized the bill.

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Dow Jones expects to sell its Dow Jones Markets unit by the end of this month, a company spokesman said.

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Banco Santander plans to cut costs and double its earnings (returns) in three years. Those goals were outlined by Emilio Botin, chairman of the Spanish banking group.

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JAL will write off $1.2 billion of losses largely tied to its hotel and resort operations, and two top officials will resign. Analysts welcomed the move but said more is needed to rescue the company.

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Japanese banks are now paying a far smaller premium for international funds, benefiting from the government's $14 billion infusion (investments) into the country's banking system this month.

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Saturn expects new car models to be a significant part of its sales strategy for the next five to 10 years, as it fights to maintain share in the small-car market.

Review Exercise: Translate into English.

спрос и предложение, издержки (производства), стоимость ра бочей силы, обменный курс, плавающий курс, доллар вырос по отношению к йене, курс рубля снизился на 2% против доллара США, на утренних (вечерних) торгах на бирже; доля прибыли, чи стая прибыль, доходность (облигаций), ценные бумаги, рынок ценных бумаг, процентная ставка, активы (пассивы), превзойти ожидания, рынок фьючерсов, фьючерсные сделки, хеджирование; выплатить компенсацию (выходное пособие), компания объявила о росте прибылей после налогообложения; опубликовать бюджет на..., процентные станки снизились на 1,5%; объявить о слиянии, поступления вырастут на 15%; банк сократил штат на 17%; умень шить издержки на 7%; приобрести еще одну компанию, списать убытки, сохранить долю рынка, слияния и поглощения, активное сальдо (бюджета, торговли), профицит, шаг (мера).

Translate into English.

Дата добавления: 2015-08-21