ItalyItaly (Italia iˈtaːlja), officially the Italian Republic or the Republic of Italy, is a country in Southern and Western Europe. Located in the middle of the Mediterranean Sea, it consists of a peninsula delimited by the Alps and surrounded by several islands. Italy shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione, and some islands in the African Plate.
Kingdom of ItalyThe Kingdom of Italy (Regno d'Italia, ˈreɲɲo diˈtaːlja) was a state that existed from 17 March 1861, when Victor Emmanuel II of Sardinia was proclaimed King of Italy, until 2 June 1946, when civil discontent led to an institutional referendum to abandon the monarchy and form the modern Italian Republic. The kingdom was established through the unification of several states over a decades-long process, called the Risorgimento. That process was influenced by the Savoy-led Kingdom of Sardinia, which can be considered Italy's legal predecessor state.
Unification of ItalyThe unification of Italy (Unità d'Italia uniˈta ddiˈtaːlja), also known as the Risorgimento (rɪˌsɔːrdʒɪˈmɛntoʊ, risordʒiˈmento; Resurgence), was the 19th-century political and social movement that resulted in the consolidation of different states of the Italian Peninsula and its outlying isles into a single state in 1861, the Kingdom of Italy. Inspired by the rebellions in the 1820s and 1830s against the outcome of the Congress of Vienna, the unification process was precipitated by the Revolutions of 1848, and reached completion in 1871 after the capture of Rome and its designation as the capital of the Kingdom of Italy.
Northern ItalyNorthern Italy (Italia settentrionale, Nord Italia, Alta Italia or just Nord) is a geographical and cultural region in the northern part of Italy. It consists of eight administrative regions: Aosta Valley, Emilia-Romagna, Friuli-Venezia Giulia, Piedmont, Liguria, Lombardy, Veneto and Trentino-Alto Adige. As of 2014, its population was 27,801,460. Rhaeto-Romance and Gallo-Italic languages are spoken in the region, as opposed to the Italo-Dalmatian languages spoken in the rest of Italy.
Southern ItalySouthern Italy (Sud Italia ˈsud iˈtaːlja or Italia meridionale iˈtaːlja meridjoˈnaːle; 'o Sudde; Italia dû Suddi), also known as Meridione (meriˈdjoːne) or Mezzogiorno (meddzoˈdʒorno; Miezojuorno; Menzujornu; Midday) is a macroregion of Italy consisting of its southern regions. The term Mezzogiorno today refers to regions that are associated with the people, lands or culture of the historical and cultural region that was once politically under the administration of the former Kingdoms of Naples and Sicily (officially denominated as one entity Regnum Siciliae citra Pharum and ultra Pharum, i.
Stock exchangeA stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds.
List of commodities exchangesA commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals). Trading includes and various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades (for immediate delivery).
Futures exchangeA futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. Futures exchanges provide physical or electronic trading venues, details of standardized contracts, market and price data, clearing houses, exchange self-regulations, margin mechanisms, settlement procedures, delivery times, delivery procedures and other services to foster trading in futures contracts.
Valuation using discounted cash flowsValuation using discounted cash flows (DCF valuation) is a method of estimating the current value of a company based on projected future cash flows adjusted for the time value of money. The cash flows are made up of those within the “explicit” forecast period, together with a continuing or terminal value that represents the cash flow stream after the forecast period. In several contexts, DCF valuation is referred to as the "income approach".
Discounted cash flowThe discounted cash flow (DCF) analysis, in finance, is a method used to value a security, project, company, or asset, that incorporates the time value of money. Discounted cash flow analysis is widely used in investment finance, real estate development, corporate financial management, and patent valuation. Used in industry as early as the 1700s or 1800s, it was widely discussed in financial economics in the 1960s, and U.S. courts began employing the concept in the 1980s and 1990s.
