To examine the interdependency and evolution of Pakistan’s stock market,we consider the cross-correlation coefficients of daily stock returns belonging to the blue chip Karachi stock exchange(KSE-100)index.Using the ...To examine the interdependency and evolution of Pakistan’s stock market,we consider the cross-correlation coefficients of daily stock returns belonging to the blue chip Karachi stock exchange(KSE-100)index.Using the minimum spanning tree network-based method,we extend the financial network literature by examining the topological properties of the network and generating six minimum spanning tree networks around three general elections in Pakistan.Our results reveal a star-like structure after the general elections of 2018 and before those in 2008,and a tree-like structure otherwise.We also highlight key nodes,the presence of different clusters,and compare the differences between the three elections.Additionally,the sectorial centrality measures reveal economic expansion in three industrial sectors—cement,oil and gas,and fertilizers.Moreover,a strong overall intermediary role of the fertilizer sector is observed.The results indicate a structural change in the stock market network due to general elections.Consequently,through this analysis,policy makers can focus on monitoring key nodes around general elections to estimate stock market stability,while local and international investors can form optimal diversification strategies.展开更多
ZTE Corporation,a leading global provider of telecommunications equipment and network solutions,announced on July 30,2009 that it has been ranked as the second largest global CDMA network supplier with 25%
22 August 2012 -- ZTE Corporation, a publicly listed global provider of telecommunications equipment and network solutions, announced its interim results for the six months ended 30 June 2012. Based on both HKFRS and...22 August 2012 -- ZTE Corporation, a publicly listed global provider of telecommunications equipment and network solutions, announced its interim results for the six months ended 30 June 2012. Based on both HKFRS and PRC ASBE, ZTE recorded revenue of RMB 42.64 billion for the period, an increase of 15.2% year-on-year. Pre-tax profit in the period was RMB 656 million, a decrease of 48.5% year-on-year. Basic earnings per share for the period were RMB 0.07. During the reporting period,展开更多
In the end of 2007, Air China Limited (hereinafter "Air China") and Shanghai Airlines, formally joined Star Alliance at a ceremony held in the new Terminal Three at Beijing Capital International Airport.... In the end of 2007, Air China Limited (hereinafter "Air China") and Shanghai Airlines, formally joined Star Alliance at a ceremony held in the new Terminal Three at Beijing Capital International Airport. With the addition of the two Chinese airlines, Star Alliance now has 19 member carriers operating 17,000 daily flights to 897 destinations in 160 countries.……展开更多
Developing the electricity market at the distribution level can facilitate the energy transactions in distribution networks with a high penetration level of distributed energy resources(DERs)and microgrids(MGs).Howeve...Developing the electricity market at the distribution level can facilitate the energy transactions in distribution networks with a high penetration level of distributed energy resources(DERs)and microgrids(MGs).However,the lack of comprehensive information about the marginal production cost of competitors leads to uncertainties in the optimal bidding strategy of participants.The electricity demand within the network and the price in the wholesale electricity market are two other sources of the uncertainties.In this paper,a day-ahead-market-based framework for managing the energy transactions among MGs and other participants in distribution networks is introduced.A game-theory-based method is presented to model the competition and determine the optimal bidding strategy of participants in the market.Robust optimization technique is employed to capture the uncertainties in the marginal cost of competitors.Additionally,the uncertainties in demand are modeled using a scenario-based stochastic approach.The results ob-tained from case studies reveal the merit of considering competition modeling and uncertainties.展开更多
文摘To examine the interdependency and evolution of Pakistan’s stock market,we consider the cross-correlation coefficients of daily stock returns belonging to the blue chip Karachi stock exchange(KSE-100)index.Using the minimum spanning tree network-based method,we extend the financial network literature by examining the topological properties of the network and generating six minimum spanning tree networks around three general elections in Pakistan.Our results reveal a star-like structure after the general elections of 2018 and before those in 2008,and a tree-like structure otherwise.We also highlight key nodes,the presence of different clusters,and compare the differences between the three elections.Additionally,the sectorial centrality measures reveal economic expansion in three industrial sectors—cement,oil and gas,and fertilizers.Moreover,a strong overall intermediary role of the fertilizer sector is observed.The results indicate a structural change in the stock market network due to general elections.Consequently,through this analysis,policy makers can focus on monitoring key nodes around general elections to estimate stock market stability,while local and international investors can form optimal diversification strategies.
文摘ZTE Corporation,a leading global provider of telecommunications equipment and network solutions,announced on July 30,2009 that it has been ranked as the second largest global CDMA network supplier with 25%
文摘22 August 2012 -- ZTE Corporation, a publicly listed global provider of telecommunications equipment and network solutions, announced its interim results for the six months ended 30 June 2012. Based on both HKFRS and PRC ASBE, ZTE recorded revenue of RMB 42.64 billion for the period, an increase of 15.2% year-on-year. Pre-tax profit in the period was RMB 656 million, a decrease of 48.5% year-on-year. Basic earnings per share for the period were RMB 0.07. During the reporting period,
文摘 In the end of 2007, Air China Limited (hereinafter "Air China") and Shanghai Airlines, formally joined Star Alliance at a ceremony held in the new Terminal Three at Beijing Capital International Airport. With the addition of the two Chinese airlines, Star Alliance now has 19 member carriers operating 17,000 daily flights to 897 destinations in 160 countries.……
文摘Developing the electricity market at the distribution level can facilitate the energy transactions in distribution networks with a high penetration level of distributed energy resources(DERs)and microgrids(MGs).However,the lack of comprehensive information about the marginal production cost of competitors leads to uncertainties in the optimal bidding strategy of participants.The electricity demand within the network and the price in the wholesale electricity market are two other sources of the uncertainties.In this paper,a day-ahead-market-based framework for managing the energy transactions among MGs and other participants in distribution networks is introduced.A game-theory-based method is presented to model the competition and determine the optimal bidding strategy of participants in the market.Robust optimization technique is employed to capture the uncertainties in the marginal cost of competitors.Additionally,the uncertainties in demand are modeled using a scenario-based stochastic approach.The results ob-tained from case studies reveal the merit of considering competition modeling and uncertainties.
