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READ TEXT II AND ANSWER QUESTIONS 17 TO 24:
The word accurate in "accurate measurements" (l.17/18) can be replaced by:Read the text below in order to answer questions 36 to 40:
WESTERN EUROPE
Important results grew out of the diplomatic action of Brazil vis-à-vis the Western European countries throughout the 1990s contributing in a significant way to the international insertion of the country. Diverse initiatives of a political, economic and cultural nature were implemented at the bilateral level with each country in the region and also at the multilateral level with the European Union – the most advanced experiment in regional integration ever made and whose success inspired the creation of the Common Market of the South (Mercosur). Relations with Western Europe, one of the priorities of Brazilian foreign policy, are characterized by an unusual combination of foundations: a common history (Portuguese discovery and colonization, 60 years of the Iberian Union, the Dutch presence in the Northeast); the role played by immigration and European culture in the formation of Brazil (numerous communities of descendants, language, religion and shared values), the dynamism of economic exchange (the European Union is our major trading partner and the primary source of direct investment in the country); and the intensity of the political dialogue (high level government contacts are constant and distinguished by a constructive spirit).
According to the text, the creation of the Mercosur
had inspired other models of integration.
might have inspired the creation of the European Union.
Read the text below in order to answer questions 31 to 35.
AN INTERVIEW WITH A FUND LEADER
Question: Do you invest in pure Internet companies only? Or, in other words, companies with a .com at the end of their name?
Chris Bell: No. We invest in three distinct market sectors and the percentage of the portfolio in each changes as our view alters. Currently, around 45% of the portfolio is in the shares of pure Internet companies. Last summer we had under 30% in this sector of the market. There was a big sell-off of pure Internet companies last summer because of concern about US interest rates. We saw the share prices of some of the bellwethers of the sector, such as Amazon.com, halving. Come September we thought the sell off had become too big and began to increase our weighting in this area of the market.
The second area we invest in is technology infrastructure. Our holdings include companies such as Cisco Systems, Intel and Oracle. These companies develop systems to speed up the functioning of the Internet and 45% of the portfolio is in this area of the market.
The other 10% of the portfolio is invested in Internet-related companies. This can be any company we feel will benefit from the growth of the Internet.
According to the text, some share prices were halving. Therefore, they were
Read the text below in order to answer questions 36 to 40:
WESTERN EUROPE
Important results grew out of the diplomatic action of Brazil vis-à-vis the Western European countries throughout the 1990s contributing in a significant way to the international insertion of the country. Diverse initiatives of a political, economic and cultural nature were implemented at the bilateral level with each country in the region and also at the multilateral level with the European Union – the most advanced experiment in regional integration ever made and whose success inspired the creation of the Common Market of the South (Mercosur). Relations with Western Europe, one of the priorities of Brazilian foreign policy, are characterized by an unusual combination of foundations: a common history (Portuguese discovery and colonization, 60 years of the Iberian Union, the Dutch presence in the Northeast); the role played by immigration and European culture in the formation of Brazil (numerous communities of descendants, language, religion and shared values), the dynamism of economic exchange (the European Union is our major trading partner and the primary source of direct investment in the country); and the intensity of the political dialogue (high level government contacts are constant and distinguished by a constructive spirit).
According to the author, Brazil's relations with Western Europe are
Read the text below in order to answer questions 31 to 35.
AN INTERVIEW WITH A FUND LEADER
Question: Do you invest in pure Internet companies only? Or, in other words, companies with a .com at the end of their name?
Chris Bell: No. We invest in three distinct market sectors and the percentage of the portfolio in each changes as our view alters. Currently, around 45% of the portfolio is in the shares of pure Internet companies. Last summer we had under 30% in this sector of the market. There was a big sell-off of pure Internet companies last summer because of concern about US interest rates. We saw the share prices of some of the bellwethers of the sector, such as Amazon.com, halving. Come September we thought the sell off had become too big and began to increase our weighting in this area of the market.
The second area we invest in is technology infrastructure. Our holdings include companies such as Cisco Systems, Intel and Oracle. These companies develop systems to speed up the functioning of the Internet and 45% of the portfolio is in this area of the market.
The other 10% of the portfolio is invested in Internet-related companies. This can be any company we feel will benefit from the growth of the Internet.
"Our holdings include companies such as Cisco System, Intel and Oracle".
What does he mean by their holdings?The shares they intend to sell to these companies.
Read the text below in order to answer questions 36 to 40:
WESTERN EUROPE
Important results grew out of the diplomatic action of Brazil vis-à-vis the Western European countries throughout the 1990s contributing in a significant way to the international insertion of the country. Diverse initiatives of a political, economic and cultural nature were implemented at the bilateral level with each country in the region and also at the multilateral level with the European Union – the most advanced experiment in regional integration ever made and whose success inspired the creation of the Common Market of the South (Mercosur). Relations with Western Europe, one of the priorities of Brazilian foreign policy, are characterized by an unusual combination of foundations: a common history (Portuguese discovery and colonization, 60 years of the Iberian Union, the Dutch presence in the Northeast); the role played by immigration and European culture in the formation of Brazil (numerous communities of descendants, language, religion and shared values), the dynamism of economic exchange (the European Union is our major trading partner and the primary source of direct investment in the country); and the intensity of the political dialogue (high level government contacts are constant and distinguished by a constructive spirit). The text refers to the bond between Brazil and Western Europe as being
Read the text below in order to answer questions 31 to 35.
AN INTERVIEW WITH A FUND LEADER
Question: Do you invest in pure Internet companies only? Or, in other words, companies with a .com at the end of their name?
Chris Bell: No. We invest in three distinct market sectors and the percentage of the portfolio in each changes as our view alters. Currently, around 45% of the portfolio is in the shares of pure Internet companies. Last summer we had under 30% in this sector of the market. There was a big sell-off of pure Internet companies last summer because of concern about US interest rates. We saw the share prices of some of the bellwethers of the sector, such as Amazon.com, halving. Come September we thought the sell off had become too big and began to increase our weighting in this area of the market.
The second area we invest in is technology infrastructure. Our holdings include companies such as Cisco Systems, Intel and Oracle. These companies develop systems to speed up the functioning of the Internet and 45% of the portfolio is in this area of the market.
The other 10% of the portfolio is invested in Internet-related companies. This can be any company we feel will benefit from the growth of the Internet.
According to the interviewee, US interest rates
Read the text below in order to answer questions 36 to 40:
WESTERN EUROPE
Important results grew out of the diplomatic action of Brazil vis-à-vis the Western European countries throughout the 1990s contributing in a significant way to the international insertion of the country. Diverse initiatives of a political, economic and cultural nature were implemented at the bilateral level with each country in the region and also at the multilateral level with the European Union – the most advanced experiment in regional integration ever made and whose success inspired the creation of the Common Market of the South (Mercosur). Relations with Western Europe, one of the priorities of Brazilian foreign policy, are characterized by an unusual combination of foundations: a common history (Portuguese discovery and colonization, 60 years of the Iberian Union, the Dutch presence in the Northeast); the role played by immigration and European culture in the formation of Brazil (numerous communities of descendants, language, religion and shared values), the dynamism of economic exchange (the European Union is our major trading partner and the primary source of direct investment in the country); and the intensity of the political dialogue (high level government contacts are constant and distinguished by a constructive spirit).
The author reports on
the lack of initiatives linking Brazil and Europe.
Brazil's stagnation in economic terms.
the absence of Brazilian diplomatic initiatives
the minor role played by Brazil in the global scenario
the diverse links involving Brazil and Western Europe
Read the text below in order to answer questions 41 to 45:
Message from Dr Denis MacShane
Traditionally, Britain has enjoyed strong links with Latin America. In the 19th century, Britain provided crucial political support for the Bolivarian independence movement and unrivalled economic links followed. British firms led in the construction of railways, tramways, ports, bridges and other major public works with their world class expertise. Our current relationship is led by a renewed emphasis on modern political, cultural and economic links and, of course, our important trade and investments with Latin American countries. Annually, our exports are worth some £2.5 billion and British companies represented in the region read like an A-Z of the FTSE 100.
According to Dr Denis MacShane, links between Britain and Latin America
A wild orchid is one that:
lives in a natural surrounding;
is aggressive to the environment;
should be served as exquisite food;
must be cultivated in households;
should be currently exported.
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