Company The Global Economy - 1299 Words

COMPANY’S POSITION IN THE EVOLVED GLOBAL ECONOMY Since the company’s commencement in 1969, the multinational cooperation has always aimed to be a market leader. To achieve this, they have not stuck to one particular field to enhance their business, but into virtually all sectors of business so as to maximise on market opportunities and bring out top class results. With the widespread phenomenon of globalization, the company has been at par with all other leading Australian as well as international Multi National Cooperation’s in a significant and successful manner. They have rapidly invested and purchased assets in various companies from around the globe. â€Å"MACQUARIE Group has won the race to buy a $1.5 billion portfolio of mortgages from†¦show more content†¦Net operating income fell 4 per cent to A$6.7bn.Shares in Macquarie rose 10.9 per cent to A$43.11 yesterday, extending gains this year to 23 per cent.† (The Financial Times, 2013). Not only has the company acquired companies or investment oppo rtunities, they have also hired personnel who would help the company reach its targets in the most efficient manner. The global economics today looks at integration into other markets by acquiring resources from other organizations be it human resources, physical resources, intellectual resources. â€Å"Australia s Macquarie Group has hired veteran media banker Fehmi Zeko to run its U.S. media and telecommunications banking business, part of the financial institution s ongoing push to widen its U.S. footprint. Mr. Zeko, 52 years old, joins the firm from Foros Group, a boutique investment bank he helped start in 2009. He will be based in New York, and help build Macquarie s U.S. advisory and capital-markets business. Mr. Zeko said he was excited about the global opportunity Macquarie presents.† (Wall Street Journal, 2011.) In India the company has made significant volumes of investment in the form of capital or in the form of mergers with Indian banks. They have invested heavily in the banking sector and hold a strong position in the Indian market. â€Å"Macquarie SBI Infrastructure Fund (MSIF) and SBI Macquarie Infrastructure Trust (SMIT) have agreed to invest $150 million