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Thailand’s largest ever IPO, the $850 million partial privatization of Egat, the Electricity Generating Authority of Thailand, was pulled at the last minute after a judge suspended the public offering in order to hear petitions relating to the legality of the privatization. Underwriters of the deal are said to be furious at the action that has effectively stalled the deal for the second time. Last year the planned IPO was shelved after union disputes. The court action is an embarrassing setback for the government of Thaksin Shinawatra and a disappointment for institutional investors who regarded Egat as an attractive and liquid play on the Thai economy. Local investors are also peeved: it was hoped the Egat IPO would provide a much-needed fillip for the Thai market, which is languishing close to 52-week lows.

Can wealth management truly thrive within the confines of an investment bank?

Originally established under the white minority regime to compulsorily house non-white labour outside the cities, South Africa’s townships are now obvious targets for a nascent low-income housing finance market.

Japanese equities are at the start of a sustained bull market that in the next two years will take the Nikkei well above 20,000 from its current 14,000 level.

SovRisc is capital markets disintermediation and may transform the $50 billion export loan guarantee business.

Hidden issuers are using swaps rather than bonds

Euromoney’s 10th Asian company ranking is based on a survey of market analysts at leading banks and research institutes in Asia. We received replies from 67 institutions. Respondents were asked to nominate the top three companies in each of the countries or sectors they covered, bearing in mind market strength, profitability, growth potential and quality of management and earnings. Points were awarded on the scale of 4:3:2.

But Singh’s government must hold steady on the road to reform.

Brazil’s biggest private sector bank is a retail powerhouse. But Bradesco’s president Márcio Cypriano tells Sudip Roy that the bank intends to beef up its capital markets business.

Trichet’s statements have profound implications for some EU member states

America might still run the internet, but even the biggest bank in the world has to take its time when it comes to cyber-squatting.

According to Morgan Stanley’s chief economist, Stephen Roach: “India is on the cusp of something big.” Roach professes to be as excited about India as he was about China in the late 1990s. The source of this excitement is the country’s burgeoning consumer sector, which, as a share of GDP, is already higher than that of Europe, Japan and China.