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  • South Africa’s big banks have first-world management, technology and systems but operate in an emerging market where growth prospects are poor and the future is uncertain. They’re seeking ways to grow without risking the bank.
  • Global bond strategist, Pimco
  • Kazakhstan has had more success than most former Soviet states in reforming its power sector. Electricity suppliers hope prices can be pushed higher but the abundance of oil and gas will limit rises.
  • 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.
  • When investment bankers decide it is time to leave their industry, many take extended leave or choose to retire altogether. Milen Veltchev went straight to being Bulgaria’s finance minister.
  • “I think we needed examples of bad governance to force people to change”
  • South Africa
  • Mexico
  • Australia's largest brothel, the Daily Planet in Melbourne, is aiming to pick up investors by offering the public the chance to buy shares as well as sex.
  • 51 to 108
  • Business fashions never take long to change. But the current fad for one-stop shopping in financial services looks like being one of the shortest lived of all.
  • Spain's national treasurer, Gloria Hernández García, was caught in a rather embarrassing fix at a conference last month.