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  • Adam Lerrick has promised the retail investors who sign up for his scheme that he will get them their money back: that although their coupons might drop and their maturities might be pushed back, the face value of their bonds will be preserved.
  • At its latest committee meeting, the Federal Reserve stressed the perils of deflation. Fed chairman Alan Greenspan made it clear that if there's a whiff of it the Fed will act. In sharp contrast, European Central Bank president Wim Duisenberg slumbers on, occasionally mumbling about the dangers of inflation.
  • Sir,
  • Malaysia
  • After several phases of consolidation, Portuguese banks are facing up to a recession that might provide incentive for acquisitions by foreign banks.
  • At the start of the year the prospect of a rapidly appreciating rouble and higher than expected inflation were seen as the biggest dangers facing Russia's economy. Both have come to pass but the economy continues to roar ahead regardless. The combination of cheap money from abroad and rising productivity has offset these dangers and is driving Russia's impressive growth.
  • Kazakhstan's attraction as a return-generating safe haven among emerging markets has been boosted by upgraded long-term currency ratings. These reflect bright prospects for the Kazakh economy and recognise the well-managed banking sector.
  • European Investment Bank
  • An inflation rate of only 2%, a stable currency and reserves at $3.5 billion demonstrate the stress Jordan has put on having a tight and rigorously enforced monetary policy.
  • Federal Home Loan Banks
  • CAF
  • Wells Fargo