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BUSINESS IN BRIEF
Yahoo has strengthened its European presence
with the €375m($578m) acquisition of Kelkoo,
the French-based on-line shopping service. The
European on-line retail market is forecast to grow
€16bn in the next three years.
The Nikkei 225 Average climbed 0.7 percent
to 10,364,99 while the Topix index rose 1.2
percent to 1,145,90. Banking shares benefitted
most, with Mizuho jumping 5.7 percent to
¥437,000, SMFG rising 4.7 percent t ¥ 852,000
MTFG gaining 7.9 percent to close at
¥ 1,019,000 and UFJ up 4.2 percent to
¥ 656,000.
From The Financial Times
FINANCIAL TIMES
World business newspaper
Write all the numbers and symbols in full, according to the way they are
pronounced. For example, €3.1m: three point one million euros.
Vocabulary
Financial terms
Match the definitions 1 to 6 with the financial terms a) to f).
1 money owed by one person or organisation to
another person or organisation
2 a period of time when business activity decreases
because the economy is doing badly
3 difference between the selling price of a product
and the cost of producing it
4 a place where company shares are bought and sold
5 money which people or organizations put into a
business to make profit
6 equal parts into which the capital or ownership of a
company is divided
a) gross margin
b) recession
c) shares
d) debt
e) stock market
f) investment
29
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