market_leader_3e_-_intermediate_-_course_book (851943), страница 13
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. . . . . . . . . .on an ongoing basis.IlDarrell Mercer�)>> C01.3s listen twice to the second part and complete the chart. Then go tothe audio script on page 157 and check your answers_Asset1 cashExample2 fixed-interest securitieslending to a3 index-linked securitieslinked to the . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 equitiesa . . . . . . . . . . . . or a .'. . . . . property'. . . (e.g. precious metals),. . . or a . . . . . . . . . . ."5 investments not linked to equity returns. . '. .8 (an interesting area ofdevelopment over last 20 years),' . , ' . ,6 alternative investments. . . . ,9 funds. . . . . . .
. . . . .10Watch theinterview onthe DVD-ROM_READINGAn inspirationalstoryII�)>> C01.39 listen to the final part_ Which ofthe following does Darrell notmention?1BIlgold2 fixed-income securities1someone who does a lot of complicated business transactions2a young person who is very skilled or successful at something.Read the article and complete the profile.NameI<ierafl PriorJobDutiesCo m pa nyWork l oc at io nIQPersonality IStrengthsCurrent area of specialisation543 hedge funds4 early cycle equitiesFind idiomatic expressions in the article heading (page 55) which mean:AgeIIfundsWhat is your reaction to Kieran's story?UNIT 6••MONEYKieran Prior: Goldman Sachs'swhizz- kid wheeler dealerand impairs his speech.
He cannot20financial analyst in the equity divisionget Ollt of his wheelchair unaided,i n 2000, Prior - whose IQ score of238and has never been able to walk.Yetdespitelimitations,on25PriorGoldman'spossiblytheseistradingphysicalthrivingand trad ing Euro Stoxx futures toandrunning a $50m (£25m) group ofcompetitive testing ground in finance- winning the admiration of colleaguesEuropean equities and derivatives.Prior joined Goldman just four days60while gaining experience, confidenceafter he graduated from university.and responsibility.30WorkingonthenOIsy,frenetictrading desk at Goldman Sachs's35London offices on Fleet Street carlierthis decade, Kieran Prior and John5Yeatts,twobrightandambitiollstwentysomethings from very differentworlds, became close friends...t{)Allhough Prior, then 23.
was just ayear older than Yeatts when they met.1 0 heenjoyedadvice,aboutgivingteasinghispracticaltheAmericanSaturday-nightelates.45Yeatts returned the favour. Whentraders ordered lunch deli vered15 10theirdesks.YeattscutupPrior's food and fed him one small biteat a time. Prior was born with a rare50condition that affects his movementof theI%perro['[nillg basic research analysisdeskthe most demandingputs him in the topworld's population - has risen from55Early on, he caught the attention ofI t s not easy managing investmentsof any size for the high�po\Veredtradingmachinethatsuppliesmuch of the earnings of WallStreet's most profitable firm. It isextraordinary that Prior is able to doso with such physical limitations.Gary Williams. the former head ofEuropean equity trading. who hiredPrior nearly eight years ago.
hasenormousrespcctforhisdetermination .'He is an exceptionallysmart. perceptive guy who haspurposefu lly risen to - and overcome- so many challenges.' said Williams.'The noise and hurly�bllrly of thetrading noor make trading Illoredifficult for someonc in Kieran'sposition. but the challenge actuallyappeals to him.'Intellectually, Prior. now 29, hasfew limits. Since joining Goldman as aJohn'Thornton,Goldman'sthen�president, as Thornton was walkingacross65stoppedthe trading Ooor. Thorntonforabriefchat-andwas amazed.'Icouldn't help but be impressed,'said Thornton. ' First of all, Kieran'ssheer.
raw talent is impressive. and70when you add to that the determinationhe shows getting through the day in aplace like Goldman Sachs, which isso demanding. it is just bremhtaking.'Prior is free to invest in almost any75business sector, but recently narrowedhisfocustojust20companiesbecause of the extreme volatility inthe markets.'Ijoined Goldman ina bear market; he said, 'but these80markets arc the most difficult I'veever seen. so 1 ' 111 just using this periodof volatility to learn as much as I can.'from the Sunday TimesiiiFind words in bold in the text that mean the following.1a financial market in which prices are falling2people who deal in shares and bonds3someone who carefully examines Ihe financial state of a company4 sudden and quick change5the area of a financial market where a particular company does business6 the capital that a company has from shares rather than from loans7the careful examination of the performance of companies and stocks8 the part of the economy made up by companies9the profit that a company makes in a particular period of time10 things such as options or futures based on underlying assets such as shares,bonds and currenciesoI n groups, discuss which of the following sectors you think are likelyto be volatile in an economic recession.•telecommunications•cars•budget supermarkets•advertising•healthcare•food•biotechnology•••steeltravelconstruction55UNIT 6 •• MONEYLANGUAGE REVIEWWe can describe trends in English in different ways.DescribingtrendsVerbs of changeDemand for BlackBerries has soared in recent years.Sales are fo/ling.Prafits improved in July.12PrepositionsPrafits rase 5% to $1.4 billion.The sales of Dupont have gone up fram $19.6 billion to $27.4 billion.Sales rase by 20% aver the holiday period.This represents a decrease of 16.4% from the first quarter.The average retail gasoline price stood at $4.
1 1 a gal/on yesterday.13 Different verb formsThe figures paint a gloomy picture forJapanese growth. (present simple)The unemployment rate is rising. (present continuous)Last summer, our market share fell. (past simple)This year, orders fram Brazil have levelled off. (present perfect)If the price ofpetral rises further, we'll make a loss. (first conditional)2� �34b �5What kind of movement do these verbs describe? Match them to thesymbols (1-11) on the left. Then compare your answers with your partner.(You will need to use some symbols more than once.)declineincreasedoublelevel offdecreasepeakgainrocketfalltriplefluctuaterisedropplummethalverecoverimprovejumpIlWhich of the verbs in Exercise A also have noun forms? What are they?Iilook at the graphs below.
Complete the sentences about them withappropriate prepositions.8� �9m6� �7Cl Grammar reference page 14810EXAMPLE:to increase - a n ;f)crease1Sales have increased2Sales have increased . . . . . . . . . . . . €2m.. . . . . €Sm . . . . . . . . . . . €7m.� lL4 Sales now stand . . . . . . . . . . . . €7m.115Sales reached a peak . . . . . .
. . . . €7m in July.6Sales reached a low point . . . . . . . . . . . €lm in April.3 There has been an increase . . . . . . . . . . . €2m in our sales.'\12/6IIIWrite two more sentences about each of these graphs.88766."5� 4·E� 322056."� 4·E� 3last yearThis year0MAMASaNDUNIT 6 •• MONEYUSEFUL LANGUAGESKILLSDealing withfiguresYEARSDECIMALS1984 nineteen eighty-four2012 two thousand and twelveor twenty twelve16.5sixteen point five17.38% seventeen point three eight per cent0.185 (nought Izera) paint one eight fiveCURRENCIESFRACTIONS0.15$7.80€250¥ 12 5tthree pounds fifteenseven dol/ors eightytwo hundred and fifty eurosone hundred and twenty-five yenQt a halfquartert two thirdst three quartersBIGGER N UMBERS3,560three thousand five hundred and sixty (BrE)three thousand five hundred sixty (ArnE)598,347five hundred and ninety-eight thousand, three hundred and forty-seven (BrE)five hundred ninety-eight thousand, three hundred forty-seven (ArnE)1,300,402 one million three hundred thousand, four hundred and two (BrE)one mil/ion three hundred thousand, four hundred two (Am E)1mone 10 mil/ion (1,000,000)3bnthree billion (3,000,000,000)$7.5bnseven point five billion dol/ors€478mfour hundred and seventy-eight mil/ion euros (BrE)four hundred seventy-eight million euros (ArnE)If yo u don't specify an exact amount, a plural is used.It cost thousands of dol/ars.
They spent millions of euros.mWork i n pairs. Student A, turn to page 136 and read the text aloud toStudent B. Student B, listen to Student A while reading this article.Correct any i ncorrect information.Businessin briefItwasaLondon5bad daymarket.forresultsFed ExUSAirways, down 5 .2 per cent to1 .9 per cent to 9,534.8.225�p. fel l even further afterOnly eight blue·chip stocks10Morgan Stanley cut its targetmanaged to make gains.
Thebestwas Smith&Nephew.to25Shares in the medical devices15a'buy'Thiswasaboutbecauseincrecl singTate and Lyle, the sugar andafter UBS upgraded the stocktofrom149p.of worriesfuel prices.group rose 2.9 percent 10 595Y.!ptheFollowingdisappointingFTSE 250 rell 1 8 9 . 1 points orsweeteners group, lost 5.2 percent to 402 Y.i P after CityGrouprecommendation.and fearsS&N was also supPol1ed byof a credit crunch. the FfSErumours of a bid approach frornof rising corn prices.
Followinga Japanese company.recent noods in the US. the costinthe100 fell 105 points or 1 .8 percentto5,756.9,whilethe20On the other hand, British30lowered its forecasts becauseof com has risen 25 per cent.D"'» C01.40 Listen and check the pronunciation of the figures.DWrite all the numbers from the correct version of the article i n Exercise Ai n full, according to the way they are pronounced.EXAMPLE:105 pointsQ hued red Q e d five poi et,57BackgroundBNT is an American TV channel specialising in business news. Currently, it has a weekly programmecalled Make your pitch. In the programme, entrepreneurs of any age can make a pitch (a persuasivesales presentation) to two wealthy business people (tycoons) asking for money to help them developa business idea, product or service. If the tycoons think the idea will be profitable, they invest someof their own money in the project.
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