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  • At a gala dinner in Karachi in January Euromoney finally managed to present the finance minister of the year award for 2001 to Pakistan's Shaukat Aziz.
  • Germany’s big four private-sector banks have enormous assets but dismal profitability, return on equity and market share and weak cost control. Put well into the shade in retail business by the local savings banks and state banks, which have peculiar funding advantages, they are ill-equipped to meet the challenge of the coming European financial market without frontiers. They are scrabbling around for survival strategies but few of them impress. Jennifer Morris reports on a banking system on its knees
  • Governor, China Development Bank
  • Will Argentina spread ideological contagion across the whole of Latin America, prompting a revolt against free markets? Or does it show the failure of the political elite?
  • Western Europe Central & Eastern Europe North America Latin America
  • Politics, business and academia are not short of committees. Standing committees, sitting committees, even audit committees. In some cases, notably the latter in the light of the Enron scandal, their functions are far from clear.
  • Restructuring China’s state owned enterprises is an enormous, daunting task, with the disposal of assets of loss-making companies entrusted to four asset management companies of which China Huarong Asset Corporation is the biggest and the first to begin disposals. Huarong’s executive vice-president, Li Xiaopeng, discussed the process with Euromoney’s Chris Cockerill
  • Global: Deals of the year 2001: The landmark deals of 2001
  • AUTO DEALS
  • Those foreign investors prepared to pick their way through the rubbish on offer from China in the form of distressed loans may be able to uncover a few fantastic investment opportunities. They've done it before in other markets, but China offers its own unique challenges in seizing assets. It's certainly not for the faint-hearted. But those prepared to buy NPLs may benefit in other ways from the gratitude of the Chinese authorities.
  • While Italy’s conventional banks struggle to achieve scale and market share at home and abroad, Ennio Doris continues to steer his Mediolanum organization to greater prominence. Its asset-gathering strategy seems to have paid off. Keeping his sleeping partner, prime minister Silvio Berlusconi, on his side remains one of his biggest headaches.
  • INDONESIA