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When a company generates a profit and accumulates retained earnings, those earnings can be either reinvested in the business or paid out to shareholders as a dividend. The use of coins as a means of representing money began in the years between 600 and 570 BCE. Cities under the Greek empire, such as Aegina , Athens and Corinth , started to mint their own coins. In the Roman Republic, interest was outlawed altogether by the Lex Genucia reforms. Under Julius Caesar, a ceiling on interest rates of 12% was set, and later under Justinian it was lowered even further to between 4% and 8%. Dōjima Rice Exchange, the world's first futures exchange, established in Osaka in 1697. Finance Watch Letter To The European Commission On Sustainable Corporate Governance We have a track-record of significant cross-border transactions which has earned our Firm the confidence of foreign financial institutions and multilateral agencies International Finance Corporation , Asian Development Bank and