cheap fuel oil George Goncalves, head of us interest rate strategy at nomura, argues that this could be the start of a bigger sell-off, largely depending on whether the us tax reform will eventually be approved. The bond market has been sceptical about the prospect of approval. "If there is no allow most of the European Union oriented financial services agreement, the financial sector accounts for about 7% of GDP, but about 10% of tax revenue and 14% of the exports, may be affected by the special Britain will stay there," the report said. The withdrawal of shares shall include the two kinds of compensation for recovery and compensation. Free withdrawal refers to the return of shares that have been allocated for free. For example, shareholders voluntarily pay back their allocated shares voluntarily. "Buy" or "buy back" means a limited company shall buy back its shares from its shareholders at a certain price. The company's reduced corporate capital could affect the price of its shares in the market. Therefore, article 143 of the company law stipulates that the company shall not acquire shares in the company. However, the following situations are excluded: (1) reducing the company's registered capital; (2) merger with other companies holding shares of the company; (3) reward the employees of the company; (4) shareholders who have objected to the merger and separation of the company made by the shareholders' general meeting require the company to acquire its shares. Company for reduce the company's registered capital, and hold the company shares of other companies mergers and shares will be awarded to the company worker of acquisition, the company's share capital shall be subject to the resolution of the shareholders' general meeting. After acquiring the shares of the company, the company shall cancel the registered capital of the company within 10 days from the date of the acquisition; Belong to a merger with hold shares in other companies the company and the shareholders for the company merger, division of resolutions of the shareholders' general meeting to dissent, requiring companies to buy the shares, shall transfer or cancellation within 6 months. The company shall not exceed 5% of the total amount of the shares issued by the company for the company's purchase of the shares of the company by awarding the shares to its employees; As regards the financing source of the acquisition, the expenses shall be paid from the after-tax profits of the company; The shares acquired by the company shall be transferred to the staff within one year. Canning's 1929 book, economics in accounting, cites the economist's view that asset values are determined by the present value of the future cash flows of assets. On December 15th, just a day after the listing, Longfin announced that it was buying Ziddu.com, a singapore-based blockchain, with the shares of Longfin soaring in the face of a digital currency frenzy recently represented by bitcoin. In the 18th century, the western countries successively carried out the industrial revolution, the universal adoption of large machinery, laid the foundation for the establishment of factory system. In 1771, British man Richard arkwright1732-1792 founded the first cotton-yarn factory in the city of kron. In the 1930s and 1940s, the factory system was established in Britain, Germany and other countries. The main sex of factory system is: to carry out large-scale intensive labor; Using big machine to improve efficiency production; Implement the employment system; The division of labor is deepening and production is socialized. The establishment of factory system marks the real birth of enterprises. Announced on the UK economy in the international monetary fund annual health check results, published in the Treasury's speech, ms lagarde hit back at the recession after the referendum criticism at the upcoming future fund.