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41
5. Swiss Bank Corporation’s 1995 purchase of S.G.Warburg seems to be paying
off. The formerly British merchant bank contributed the bulk of its parent’s first-half
profits for the first time, for overall (total) earnings of SFr1.33 billion ($924 m), an
84% increase.
6. General Dynamics, maker of the Abrams tank and warships, bid $1 billion for
United Defense. If the offer succeeds America will be left with only one major
manufacturer of armoured vehicles.
7. Problems at BHP, Australia’s largest company and the world’s second-largest
copper producer, came to a head. The boss of its petroleum unit quit – the third top
executive to leave – and the share price plunged.
8. Wayne Huizenga’s acquisitive Republic Industries, which has grabbed several
American car-hire businesses recently, is heading for Europe with an agreement to
buy EuroDoIlar, which operates mainly in Britain, for £95m ($150m). In London,
EuroDollar’s share price rose 60%.
9. For the first time in a 12-month period, more than 100m passengers were
handled by the seven British airports. A record 10.2m passengers passed through
their doors in July despite the strike at British Airways which reduced airport traffic
by about 2% in the month.
10. Pre-tax profits at Incentive, controlled by the Wallenberg family, rose to SKrll.7
billion ($1.6 billion) in the first half compared with SKr2 billion a year earlier as
income from several sales – notably half its stake in ABB engineering – kicked in.
Incentive has shifted attention from investment to medical technology and health
care; now it is to spin off Munters, a maker of equipment to control air humidity that
has annual sales of SKr2 billion. Shares in Incentive jumped.
11. Shares in Reader’s Digest Association, which have almost halved this year,
revived a tad after the chairman and chief executive, James Schadt, quit. The
company has failed to attract younger readers to its monthly magazine.
12. Nicky Oppenheimer, a cricket-loving scion of the family behind De Beers,
became chairman of the diamond firm in place of Ogilvie Thompson. De Beers
announced disappointing interim results at the same time.
13. In the latest attack on those involved in the film industry scandal, India’s rags-
to-riches music baron, 41-year old Gulshan Kumar, was shot dead outside a temple,
prompting the prime minister to praise his contribution to the film-music business.
Упражнение 4. Переведите с русского языка:
Всемирный банк предвидит некоторое оживление экономики в России
лишь к концу века: после практически полной стагнации валового внутреннего
продукта в 1997 г. и кризиса 1998 г. Темпы его роста но прогнозам банка,
достигнут 2% к 2003 г.
Эта международная организация, европейская штаб-квартира которой
находится в Париже, планирует существенно увеличить свою помощь России,
включив в свою программу новые обязательства, доходящие до $3 млрд. в год.
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