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  • Internet IPOs were once regarded as highly risky. Now they rank among the best-received offerings in the global marketplace. The rapid rise in internet use has driven the perception that service providers will be worth a lot of money, and now everyone is trying to get a piece of the action. Yet the euphoria surrounding recent flotations of internet stocks may be hiding a less rosy picture for hi-tech issuers as a whole. Peter Lee reports.
  • At long last, lawyers are going to have to start writing in plain English - or are they? By Christopher Stoakes
  • Munich, Sunday November 15
  • Blue chips of the future
  • Romania has quietly slid into a debt trap and there are fears that it could be allowed to go under as the IMF and World Bank play hardball.
  • Time to build a banking empire
  • Solid performers that buck the trend
  • Showing the new face of Asia
  • Solid performers that buck the trend
  • Just a year ago, project finance was wallowing in liquidity. The Asian crisis has brought about a dramatic reversal. New and revived approaches ­ project bonds, club deals, indexation, hedging, more use of political risk insurance ­ have so far proved only partly successful in getting the business back on the road. James Featherstone reports.