THREADNEEDLE ASSET MANAGEMENT LTD May 15‚ 2015 Lisa D. Ellis (Senior Analyst) • lisa.ellis@bernstein.com • +1-212-756-1855 Harshita Rawat‚ CFA • harshita.rawat@bernstein.com • +1-212-969-6228 Zhe Shen • zhe.shen@bernstein.com • +1-212-823-3627 Visa-Visa Europe: Answers to the Top 25 FAQs‚ Including our Accretion Math and Deep Dive on Yields Ticker MA V SPX Rating CUR O O USD USD 13 May 2015 Closing Price 92.52 68.65 2098.48 Target Price TTM Rel. Perf. 108.00 77.00 13.1% 18.9% EPS P/E 2014A
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Strategy 2020 Europe 2020 is a 10-year strategy proposed by the European Commission on 3 March 2010 for advancement of the economy of the European Union. It aims at "smart‚ sustainable‚ inclusive growth" with greater coordination of national and European policy. It follows the Lisbon Strategy for the period 2000–2010. On 26 March 2010‚ the European Council agreed on the key elements of the new strategy. President Herman Van Rompuy who chaired the meeting pointed out that the strategy sums up the
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Racism in Europe For Example: Racism in France has evolved into a withstanding social problem in France‚ Immigrants especially those bearing visible signs of ethnic and cultural difference have been targets of racial violence in recent years. The anti-immigrant national front‚ lead by Jan-Marie le pen‚ blames immigrants‚ particularly from north Africa‚ for high unemployment and urban violence in France.National programmes are in place to address racism‚ including the diversification of France’s
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AP European Summer Work Chapter 9: The flowering of Medieval Civilizations Cultural Developments: in the 12th and early 13th century‚ education was revolutionized‚ the Bureaucratization of monarchies was introduced‚ the commercial transactions in cities‚ and the development of church and civil law as society became wealthier and more expansive. The Rise of Universities: In the high middle ages‚ universities revolutionized the world. Monastic Schools; monastic schools were found favorable
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The Emergence of Europe In the Early Middle Ages: The Germanic Tribes‚ the Roman Legacy‚ and the Christian Church Marina Lundstrom History 114 – Western Civilization & The World I Due: November 8‚ 2014 After the fall of the Roman Empire around the fifth century‚ it took “hundreds of years” for the western part of Europe “to establish a new society.”1 The emergence of this new European civilization during a period known as the Early Middle Ages‚ included three major components: the
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During the High Middle Ages‚ Europe experienced changes in economics yet continuation in politics and religion. With growth of population and urbanization‚ trade was revived in Europe. However‚ all of Europe was never truly centralized into one large empire like the Roman or Carolingian. Yet‚ it still was under the unofficial rule of the Roman Catholic Church. Urbanization‚ with the help of population growth‚ formed which led to revival of trade. Although there was trade between villages and feudal
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Chevrolet marketing strategy plan [2005] General Motor Corporate Chevrolet Europe marketing plan 1. Company Description General Motors‚ one of the world’s largest automakers‚ traces its roots back to 1908. With its global headquarters in Detroit‚ GM employs 204‚000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries‚ and sell and service these vehicles through the following brands:
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Situation Analysis and Problem Statement InterClean‚ a cleaning product solution company‚ is one of the leaders in the sanitation industry. David Spencer‚ InterClean¡¯s CEO‚ believes that for the company to stay as a major player‚ it needs to meet the new regulations and change their selling point from cleaning products to customized solutions. In order to find the best solution for InterClean to succeed in aligning organizational structure around the new model‚ current issues and opportunities
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undisputed‚ although the former societal embossing force and interpretation of religion declined strongly. This focus on European standards in a global perspective is the formation of new religious traditions opposed and originated in Asia as well as Europe and North America. The modern period‚ in particular the marked by colonial expansion and Christian revivalism in the 19 Century‚ leaving many "small" and "big" religions in all parts of the world arise. Seen from this perspective is commonly known
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Austerity in Europe Austerity is a state of reduced spending and increased frugality by a financial sector. Austerity measures are normally referring to actions taken by the government to reduce expenditures in an attempt to cease and belittle their increasing budget deficits. The people of a country do not agree with austerity because the measures taken are typically to lower the quantity and quality of the services and benefits provided by the government. Several nations since 2009 have taken
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