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  • Euromoney polled treasurers and financial officers at corporates, financial institutions, supranational organizations and sovereign/state agencies. Respondents were asked to nominate banks providing the best service in capital raising and risk management.
  • One-upmanship is the norm in investment banking and UBS Warburg and Goldman Sachs have proved it's alive and well after the listing of Bank of China Hong Kong. But rather than the usual "our execution was better than yours" routine, this time the boasting is over who gave the snazziest gift to a client.
  • To obtain the overall country risk score, Euromoney assigns a weighting to the nine categories listed below. The best underlying value per category achieves the full weighting (25, 10 or 5); the worst scores zero and all other values are calculated relative to these two. The formula used is the following: A - (A / (B-C)) x (D-C), where A = category weighting; B = lowest value* in range; C = highest value* in range, D = individual value.
  • Ian Macfarlane points to the dynamism of Australia’s economy, neglected by a market that went hi-tech mad, as part of the reason for his success at the Reserve Bank of Australia. But he’s made a few good calls of his own.
  • 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.
  • Foreign acquirers think again
  • 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?