What does HSBC stand for?

What does HSBC stand for?
HSBC originally stood for Hongkong and Shanghai Banking Corporation. It now falls under the parent company HSBC Holdings plc and it is a public limited company that was established in England and Wales in 1990, with headquarters in London since 1993. It is both the world’s largest banking group and the world’s 6th largest company, as of 2009, according to a composite measure carried out by Forbes magazine. Hong Kong was the bank’s headquarters up until 1992 when it was compelled to move to London as a part of the condition and terms of completing the acquisition of Midland Bank. Presently, although no single geographical area dominates the group’s earnings, Hong Kong is still considered an essential source of HSBC’s income. Recent acquisitions and expansion that are taking place in China are returning HSBC to a part of its roots. HSBC has a very large operational base in Asia and considerable lending, investment, and insurance activities around the world. The...

What does GQ stand for?

What does GQ stand for?
GQ refers to the monthly magazine called Gentlemen’s Quarterly. The magazine focuses on trends for men in the areas of fashion, sports entertainment, fitness, travel, sex, books and technology. It was started in 1931 in New York but it was known as Apparel Arts at the time. Its focus then was the clothing industry for men and was targeting large and small business in the fashion industry. It actually carried samples of men’s apparel and desirable fabrics posted in its pages. The magazine waxed greatly in appeal and influenced the making of the Esquire magazine. Apparel Arts ran consistently until the late 50’s when Esquire Inc. renamed the magazine calling it Gentlemen’s Quarterly. When Editor Art Cooper took over the magazine in 1979 he expanded its focus thereby making GQ a rival of Esquire. Editions were released worldwide to expand the reach of the magazine and make it appealing to not just US based readers. GQ was established in the United Kingdom, Republic of Ireland, Australia,...

What does M & M stand for?

What does M & M stand for?
M & M stands for candy coated pieces of milk chocolate with the letter M printed on them. The candies are a Mars Incorporated production. M & M has gained popularity in the United States and many other countries. There are numerous variations of the candies which include milk chocolate, peanut butter, dark chocolate (they come with and without peanuts), mint and almond. However, not all varieties are available worldwide. The colors of the candies were originally violet, yellow, brown, red and green when they were first produced in 1941. Violet was replaced with tan in 1949 but blue replaced it in 1995; orange was introduced in 1976. Other colors includes white, cream, gold, maroon, dark pink, pink, light purple, light blue, dark blue, teal, aqua, electric green, dark green, black, silver, shimmer golden, shimmer platinum, and shimmer pearl. The “shimmer” colors have a pearlescent finish giving them a sparkling appearance. The idea for the confection came about during...

What does ROM stand for?

What does ROM stand for?
The acronym ROM means Read Only Memory. The term is used to describe computer memory chips that have pre-set programs recorded on them. The chip stores information for the computer which is always available even when the computer is not running. Data stored in ROM or mask ROM is not normally changeable because it is used to distribute firmware that is not likely to need changing. Most computers come with Read Only memory to enable them to run checks on the hardware and facilitate loading of the computer’s operating system. From inception of the integrated circuit, mask ROM was developed. In each mask ROM, chip all the data is actually fixed into the chip’s circuit so programming is done at production. To bring one’s read only memory up to date requires the physical removal and replacement of the memory chip but modern versions were developed to facilitate re-writing. Many of the early disadvantages of ROM were addressed with the advent of types of rewritable Reader Only Memory chips. One...

What does AIG stand for?

What does AIG stand for?
The acronym AIG stands for American International Group. It is an insurance corporation located in America with its corporate head quarters in the New York City. AIG was established in 1919 by Cornelius Vander Starr in Shanghai China. Starr was the first Westerner to sell insurance to Chinese which he continued until he relocated AIG to New York City in the United States. As the years rolled on, AIG expanded through subsidiaries located in other markets in other countries in the world. AIG charged insurance according to its potential return whether it suffered decreased sales of certain products for great lengths of time with very little additional expense using brokers. Starr named Greenberg his heir in 1968 and the company went public in 1969. At the turn of the year 2005 AIG became entangled in a series of fraud investigations. Greenberg was expelled amid an accounting scandal in February 2005 today he is still fighting civil charges being pursued by New York State. The investigation...

What does AMEX stand for?

What does AMEX stand for?
AMEX stands for American express operates in over 130 countries around the globe. The tale of American Express is a mesmerizing one filled with interesting and quirky characters who — through a combination of brains, perseverance and luck — shaped the company’s development during the past century and a half. The express company that forwarded freight and valuables evolved into a company that created and sold financial products like money orders and travelers cheques. Following an era of international expansion, the company became an entity perhaps best known for its charge card. Today, American Express is a global payments company. The attributes today are the hallmarks of the American Express brand — trust, integrity, security, quality, customer service — all have their roots in this compelling story. In this history, as well, are the genesis and development of the company’s aspiration to become the world’s most respected service brand. American...

What does WAV stand for?

What does WAV stand for?
WAV or WAVE is the abbreviated form of Waveform audio format. It is also known as Audio for Windows. It is a Microsoft and IBM audio file format standard used for storing an audio bitstream on PCs. It is notably an application of the RIFF bitstream format method utilized for storing data in chunks or large units, and therefore it is also similar to the 8SVX and the AIFF format used on Amiga and Macintosh computers. It is the primary format used on Windows systems for raw and generally uncompressed audio. The normal bitstream encoding is the Pulse Code Modulation or PCM format. Both WAVs and AIFFs formats are compatible with Windows, Macintosh, and Linux operating systems. The format considers some of the salient differences of the Intel CPU like little-endian byte order. The RIFF format will act as a wrapper for a variety of audio compression codecs. Although a WAV file can store compressed audio, the most widely used WAV format houses uncompressed audio in the linear pulse code modulation...

What does IMF stand for?

What does IMF stand for?
IMF is the acronym for the International Monetary Fund. It is an international organization that follows the macroeconomic policies of its member countries in overseeing the global financial system. This is particularly those member countries that have an impact on exchange rates and the balance of payments. The expressed objectives of the organization are to stabilize international exchange rates as well as to foster development. There are also leveraged loans available but mostly to the poorer countries. The headquarters of the IMF are located in Washington DC in the United States and the present head economist is Olivier Blanchard. July 1944 was the official date of establishment of the International Monetary Fund. It was established at the United Nations Monetary and Financial Conference. It started with 45 members and had as its primary goal the mission of stabilizing exchange rates and help with the reconstruction of the world’s international payment system. The delegates from the...

What does MODERN stand for?

What does MODERN stand for?
MODERN has a variety of meanings; however, we shall portray MODERN to stand for belonging to modern era or the historical timeframe after the Middle Ages. By extension things such as modern furniture, modern art, and modern history have been deemed modern rather than being prehistoric. The modern era started somewhere in the 1500s when western civilization made a gradual transition from pre-modernity to modernity when scientific methods were developed. This caused the belief that science would lead to all knowledge. The term modern was coined shortly before 1585 to describe the beginning of a new era. Significantly the modern period was developed in the fields of warfare, politics, technology and science. This period was also an age of globalization and discovery. The period was so intense because of the changes that occurred that wars and other problems developed. Traditional ideologies and ethical norms cause quite a stir among peoples that they were against the concept of modernity....

What does NASDAQ stand for?

What does NASDAQ stand for?
NASDAQ is known as NASDAQ Stock Market. It is an American stock exchange and is the largest electronic screen based equity securities trading market in the United States. NASDAQ Stock Market has more trading volume per hour than any other stock exchange in the world and it has about 3,700 corporations and companies. The National Association of Securities Dealers (NASD) established NASDAQ in 1971; however in 2000 and 2001 NASD separated themselves of it in a succession of sales. NASDAQ is now owned and operated by NASDAQ OMX Group, the stock of which was listed on its own stock exchange since July 2, 2009 under the ticker symbol NASDAQ: NDAQ. It is monitored by the Securities Exchange Commission (SEC). NASDAQ stock exchange is controlled and managed by Nasdaq – OMX in New York City which is the second largest exchange in the United States. It also manages a total of eight stock exchanges in Europe and has one third of the Dubai Stock Exchange. In addition it has a double – listing contract...