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  • Romania’s privatization starts to pay off
  • After EU accession in 2004, the next target for central Europe’s governments is the euro. In the scramble to comply with the Maastricht criteria, have they started to borrow techniques, invented by their western European counterparts, for massaging the numbers? Kathryn Wells reports, with research by Pauline Thomas.
  • India: the new jewel in the investment banking crown?
  • Romania’s privatization starts to pay off
  • In an investment banking world dominated by US bulge-bracket operations, UBS has muscled its way into the global league. Success has come despite its singular provenance, say critics, and, argues CEO Peter Wuffli, because of it. The Swiss bank’s head explains this reasoning to Chris Leahy and discusses developments on banking’s latest battlefront.
  • Iceland’s financial supervisory authority, the FME, has kept a close eye on the health of Iceland’s big three banks, says Jonas Fridrik Jónsson, director general.
  • Oji Paper’s bid for rival Hokuetsu breaches a Japanese taboo on hostile takeovers. It has also prompted some extraordinary, perhaps illogical, defence tactics. Is this the shape of things to come in Japanese M&A? Chris Wright reports.
  • The Republic of Indonesia’s successful $2 billion issue this March has given an impetus to the revival of the country’s corporate bond issuance. Nick Parsons reports.
  • Foreign investors have made fortunes investing in Russia. But now they are looking to go deeper, and are packing their bags to discover Russia’s regions. Julian Evans reports from three of Russia’s developing regions.
  • SEB dominates in cash management because of its technological edge and careful response to customer needs.
  • Why Brazil is all abuzz
  • Israel’s conflict with Hizbullah began just as Lebanon was finding its feet again following the assassination last year of former prime minister Rafik Hariri. The government was in the middle of a series of reforms that it hoped would provide the capital markets with a bigger role in the country’s economic story. Those reforms are now on hold but it is imperative that they are implemented as soon as circumstances allow. Sudip Roy reports from Beirut.