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With falling GDP per capita and minuscule foreign direct investment, things could be going better in Uzbekistan. One positive development, though, is the corporate bond market.

Russia’s largest and smallest companies are vastly outstripping in growth the relics of the Soviet system that languish in the middle but employ most of the working population.

After leaving Deutsche Bank, Simon Adamson, previously co-head of European credit research at the bank, joined the London office of independent fixed-income research firm CreditSights on April 1. The New York-based company has more than doubled in size to boast a research team of 17 senior analysts since it was founded in November 2000 by Glenn Reynolds, former head of global corporate bond research at Deutsche Bank. Although CreditSights has a couple of independent competitors in the US, it is the first independent to set up in Europe. Adamson joins Anja King and Nesche Yazgan who started at CreditSights last November, to make a three-strong London team which is becoming something of an enclave of former Deutsche bankers. King was co-head of European high-grade credit research along with Adamson and Yazgan covered investment-grade automotives and transportation and telecoms equipment. Of the 17 senior analysts at CreditSights before Adamson's arrival, eight joined from Deutsche.

President, Bank of America, Asia

CEO, Coller Capital

CEO, Epic Investment Consulting

Few people would want Michael Conolly's job. As the chief financial officer of Portugal's state-owned carrier TAP, he faces all the problems his airline peers are struggling with, plus a few that are specific to his own company.

Financial markets seem to be assuming a short, sharp US assault on Iraq with finite post-war costs. But there's well-documented evidence that Iraq is only the first step in a strategy of total war that could undermine both the US and global economy.

With much of south America in economic turmoil, central America has become a safe haven for high-yield bond investors. But oversupply and renewed instability might soon undermine the region's attractiveness.

Issuer: Deutsche Telekom