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  • Euromoney’s analysts have taken a measured view of such hyperbole as the “axis of evil” and resisted over-reacting to the situation in such regional crisis points as southern Africa. Latin America’s troubled economies suffer the severest downgrades.
  • Reforms implemented by Pervez Musharraf have shown good results. The hope now is that next month’s election of a civilian government will not take Pakistan back to the bad old days.
  • The affair is not over but investors’ passion for a new EU convergence story has cooled. They are beginning to price in the impact of delays to entry for leading candidates, the long run-in for others, and the unlikelihood of rapid single-currency status for any new members.
  • To talk, as many people do, of common technological standards in the drive towards straight-through processing is hypothetical. In the purest sense, there is no such thing. The same can also be said of straight-through processing itself.
  • When it comes to corruption, some things never change. While Nigeria is consistently seen as one of the most corrupt countries, Finland, Denmark and New Zealand are viewed as perennially clean.
  • Ishrat Husain, governor of the State Bank of Pakistan, talks to Euromoney’s Jules Stewart about economic reform, the attraction of foreign investment and privatization.
  • South Africa
  • Equity exchanges
  • Latin America
  • Credit markets have contracted dramatically in recent months and all but the safest borrowers, which have benefited from a flight to quality, have had to pay a high price for funds. On the buy side investors want assurances that they will be protected from risk. The banks that have performed best in this year’s capital-raising poll are therefore those that have come furthest in developing complex products that can save money for borrowers and enable lenders to hedge effectively.
  • Is the three-year equity bear market nearing its end? Or is it just the beginning of a financial and economic collapse that could shake the very core of the free-market capitalist system?