CARTEL
Organization created between a group of companies, endeavoring to control or manipulate prices. It pertains to a collection of business or countries acting hand-in-hand as a single producer, agreeing to affect prices for some products and services by regulating production and marketing. Over an industry, cartel has less command than a monopoly, an occurrence in which a single group or firm holds all or almost all of the market of these product or service. In the United States and the European Union, these are illegal. However, the Organization of Petroleum Exporting Countries (OPEC), world’s biggest cartel, is guarded by US foreign trade laws.
POPULAR TERMS
Foreign Tax Credit
A non-refundable tax credit for income taxes paid to a foreign government as a result of foreign income tax withholdings. The foreign tax credit is ...
Physical Delivery
It refers to the delivery of actual commodity in the settlement of a futures contract.
Bills Payable
A money a bank borrows, mainly on a short-term basis, and owes to other banks. It is the indebtedness to other banks, principally a Federal Reserve ...
WOM Marketing
Word-of-Mouth Marketing (WOM Marketing) is a form of marketing in which a consumer’s interest for a particular product or service is reflecte ...
Mega Deal
Refers to a business deal that involves a great deal of money. Mergers and acquisitions that entail significant amounts of money are cases of mega ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Introduction to Ethical Investing
Since time immemorial, investors look after better profits and income paying stocks. While many consider themselves as ethical investors, the commo ...
A Guide to Becoming a Finance Expert
Wouldn’t it be nice not having to rely on another person when managing your funds? Aside from the added convenience it brings, being able to ...
What is the Standard Moving Cost?
You concluded remodeling is expensive upon considering all important factors. So you decided to move to another house instead. But, is moving less ...
Ethical Investing: Its Advantages and Disadvantages
Believe it or not, ethical investing comprises a huge emotional component. Investors are human; therefore, they let emotions drive their decisions. ...
Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:00 | PPI | Aug | |
| 12:00 | Bundesbank Monthly Report | ||
| 16:00 | NAHB Housing Market Index | Sep | |
| 23:00 | Westpac Consumer Confidence | 3 quarter | |
| 23:00 | Westpac Consumer Confidence | 3 quarter | |
| 03:30 | Monetary Policy Meeting Minutes | ||
| 05:00 | Credit Card Spending | Aug | |
| 08:00 | Trade Balance | Aug | |
| 08:00 | Public Sector Net Borrowing | Aug |
