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  • They couldn't have picked a better week to open. What else would a City trader want but a safe haven from the ravages of the stock market?
  • Issuer: Telecom Italia
  • As Argentine pension and mutual funds mushroom, strong foreign interest has added to demand for government debt, corporate bonds and IPOs. But as Michael Marray reports, 1998 could be an even better year for Argentine issues
  • Pulling away from the pack
  • With anywhere between $2 billion and $5 billion of exposure to the 58 finance and securities companies recently suspended by the Thai government, foreign creditors are losing their chai yen(cool heart) and turning to the law courts to get their money back.
  • Equity markets have been booming and brokers are expanding. But it is no easy ride for Europe's stockbrokers: investors demand better research but use less of it, and most are cutting the number of firms they deal with. The Euromoney/Global Investor annual poll shows which European firms are rated best by their clients and Benjamin Ensor reports on the struggle to join the small elite of truly international brokers.
  • Turkey's banks are among the most profitable in the world. Why? Because the government rewards them royally for getting Turkish citizens to pay for its debt. But this game is coming to an end. And the banks know they must sharpen up and do some real banking. David Shirreff reports
  • Two civil servants, the treasury secretary and the central bank governor, are spearheading Turkey's first credible attack on inflation in a decade. Both are graduates of Ankara's historic School of Political Science, the Mulkiye, as are many of the government's top decision-makers. A fellow graduate, Metin Munir, reports.
  • Bathed in purple light at the official launch of the Financial Services Authority, Britain's new super-watchdog, its chairman, Howard Davies, proved to be a master of bureaucratic levity.
  • First the UK's new Labour government dropped hints that it was gearing up to join Europe's single currency earlier than expected, and before the full launch in 2002. Then it seemed to pull back and suggest that UK entry would not happen in the five-year life of the current parliament. That's made for continued uncertainty. Financial markets want to know when.
  • Pulling away from the pack