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The formation of Euro RSCG Latino is further supported by the agency's upcoming study of U.S. Latinos. The study, to be released this month, reveals a large cohort united by the Spanish language and some universal Latin commonalities, but too diverse to be treated as an easy one-stop demographic. If brands want to connect with Latinos, the study shows, companies need to understand not only what makes them different from each other, but importantly, what unites them, and how the two correlate.
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The Euro is the new 'single currency' of the European Monetary Union, adopted on January 1, 1999 by 11 Member States. Greece became the 12th Member state to adopt the Euro on January 1, 2001. On January 1, 2002, these 12 countries officially introduced the Euro banknotes and coins as legal tender. Slovenia became the 13th member state to adopt the Euro on January 1, 2007.
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A large number of European countries have dropped their currencies in 2002 and replaced them with the currency called "EURO". 13 new countries have or are going to vote to see if they need to join the EU in 2003. They have talked about maybe chaning their currencies. These 12 EU countries started using euro in payments between banks and EU countries a few years ago but now the only currency that can be used in the these countries is the euro.
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European Capital has invested over 1.7 billion euro ($2.4 billion) in the last twelve months, 1.4 billion euro ($1.9 billion) year to date and 425 million euro ($601 million) quarter to date. For more information about European Capital's portfolio, go to http://www.ECAS.com/our_portfolio/portfolio.html .
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"The European venture capital market saw an explosion in early-round investing as euro 600 million was poured into 126 early stage deals," said Jessica Canning, Director of Global Research for Dow Jones VentureOne. "The data shows the median amount invested in a first round during the quarter was euro 3.2 million, by far the highest total on record. Add to that a continued interest in later-stage deals and the overall median for a deal done in Europe jumped 41% during the second quarter to a record euro 3.1 million."
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Core business revenues for Q3 (Euro 47 million) increased 33% compared to Q3 2005 (Euro 35.2 million); for the first nine months of the year growth was 56%... increasing from Euro 93.1 million to Euro 145.3 million. The increase in revenues was mainly driven by "organic" business growth and, to a lesser extent, by acquisitions made at the end of the third quarter of 2005 (specifically Tutch and Freever) and in late August 2006 (Rocket Mobile Inc.).
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