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TPI pleads capital dearth in restructuring

Thai Petrochemical Industry is Thailand’s biggest restructuring headache. And if it is going to pull itself out of trouble, its managers claim that it needs access to large amounts of working capital. But that is not forthcoming.

February 01, 2001

Visit Korea, don’t forget the gas mask

The slogan for this year in Seoul is Visit Korea 2001. The government hopes to drag in about six million tourists and earn several million dollars of foreign currency. Clearly it's hoping to attract visitors from further afield than North Korea. Indeed the government has another agenda, beyond managing the current account and strengthening reserves. Its programme also marks a crude attempt to prepare the population for the mass invasion that will soon follow. The football World Cup hits town next year.

February 01, 2001

Opinion

Trade finance lures institutions

The $700 billion trade-finance market is one of the few large pools of tradeable fixed-income assets that has not yet attracted the attention of institutional fixed-income investors. Changing that, and propelling the fragmented and illiquid trade-finance market through the same developments that transformed the emerging-market debt market in the 1980s is the ambition of a group of bankers and traders who last month launched Internet Trade Finance Exchange (ITF).

January 01, 2001

BT rings up hefty bill for global bond funding

Issuer: British TelecommunicationsAmount: $10 billionType of issue: global bondDate of issue: December 5, 2000Bookrunners: Merrill Lynch, Morgan Stanley, Schroder SSB

January 01, 2001

Heading for a sharp slowdown

Mexico ended 2000 on a high note. It was not only the fastest-growing economy in Latin America but posted its best economic performance in 20 years. Now, as it moves into 2001, analysts are divided on how it will fare. What is clear, however, is that regardless of the outcome, something must be done to improve the stock market's lacklustre showing.

January 01, 2001

Downright worry versus cautious optimism

Following the turbulence of 2000 in financial markets - with the euro in free fall, volatility in tech stocks, a climbing oil price and continuing problems in Japan - economists are divided into two camps over the outlook for 2001: the cautious and the downright worried.

January 01, 2001

Opinion

Bloomberg for mayor?

Is news and trading organization chief Mike Bloomberg set to run for mayor of New York? That's certainly the impression several of his senior staff have given, and Bloomberg himself has made no denial.

January 01, 2001

Opinion

Dye rides again

Just when you thought it was safe to go back into the stock markets, the biggest bear on the block is back.

January 01, 2001

Opinion

FSA leaves grey areas in market abuse controls

The Financial Services Authority will set up a new market abuse regime next year, but withthe proposals on the table, City lawyers doubt that it will make their lives, and those of their clients, any easier.

January 01, 2001

Opinion

Return of the natives

No more international fire fighting for Chip Kruger and Gary Holloway. The two men, who stepped down as co-CEOs of NatWest's capital markets business Greenwich Capital in March, have now gone back into business together. And this time they're keeping it small.

January 01, 2001

Time to level the playing field

CSFB is also the chief suspect in a probe into IPO allocation processes by the Securities and Exchange Commission, one which could shake up the entire industry.

January 01, 2001

Austrians make bridgehead

Austria's banks may have had regional expansion thrust upon them, but they have achieved much over the past decade in broadening their franchise, developing retail banking in central and eastern Europe and acting as a bridgehead between transitional economies and the western capital base. Austrian banks reacted very quickly to the opportunities that were opened up in the region as a result of political reform.

January 01, 2001

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