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  • Strong-arm tactics haven’t entirely disappeared from Russia’s industrial consolidation process but the most successful companies are increasingly ploughing ahead by using gentler methods.
  • Dubai prepares for the IMF/World Bank meetings in 2003 by building five-star hotels, new roads and upgrading the transport system.
  • Most of the prize assets have been snapped up as bank privatization draws to an end in Europe’s emerging markets. Those banks that remain on offer are getting more pricey. But impending European Union accession for several countries means this is still an appealing market and is driving strategic change among both veteran players and big-spending newcomers.
  • Russian bonds are looking much safer than equities, offering good growth potential while still guaranteeing favourable yields. Once again, investors have their eyes on bonds.
  • Russia’s stock market has ended the first half of the year as the third best performing market in the world.
  • RZB, Austria’s largest private banking group, has been in the race for market share in central and eastern Europe from the beginning. Now, with so many western rivals, RZB looks to new ground in a pair of Bosnian start-ups.
  • When international rating agencies announced a negative outlook on India's sovereign rating in early August, the equity and bond markets barely reacted.
  • The aura of calm efficiency surrounding the new Indonesian administration of president Megawati Soekarnoputri has come as a relief to most Indonesians. After nearly four years of riots, coup rumours, unpredictable policymaking and political infighting, a rest is as good as a holiday.
  • Some banks are looking beyond central and eastern Europe’s emerging economies for ways to gain scale.
  • The IMF has begun to stress prevention of crises rather than their cure and the new US administration agrees. But that raises numerous imponderables. Should the stress of prevention be on incentives to countries to behave responsibly or on building sound international financial architecture? And if the goal is to seek out better ways of forecasting impending crisis, does the IMF have the legitimacy to release market-moving information of this sort?
  • General Pervez Musharraf, Pakistan's head of state, talks about his country's economic programme, the Afghan Taliban and Islamic fundamentalism.