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  • Foreign acquirers think again
  • Interdealer brokers Cantor Fitzgerald and Icap fought a bitter courtroom battle this year over staff poaching. Now the two are armed for conflict in electronic bond broking.
  • In a region where private-equity flows are rapidly drying up, many investors regard Korea as a relatively lucrative safe haven. But even in Korea it’s an arduous task putting deals together and successful exits have been few and far between.
  • For over a decade the triumph of the Anglo-American model of capitalism seemed assured: but no longer. So what happened to the Washington Consensus, and what new ideology might replace it?
  • The US is unlikely to remain the world’s engine of growth. The trade deficit is at a record high, the federal budget has reverted to deficit, and talk of a fall in consumer spending, even deflation, is growing. The Bush administration appears hell-bent on war with Iraq. Congressional politics are acrimonious and gridlock is the likely outcome of upcoming mid-term elections.
  • India
  • Hedge funds
  • Finnish telecom Sonera’s writing off of unpromising 3G licences has delighted its prospective partner, Sweden’s Telia. But the merger deal is not quite sealed and investigations continue.
  • Head of EMEA debt markets, Merrill Lynch
  • 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?