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  • 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.
  • Last National Bank of Boot Hill
  • When it comes to infrastructure projects, this is the big one - an engineering feat on a par with the Great Wall of China. But as well as flooding 600 kilometres of the Yangzi valley, the Three Gorges dam could cause a deluge of arguments among the foreign banks and contractors lining up to get involved. Jack Lowenstein reports on some early signs of trouble and picks out the project's likely backers.
  • 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
  • 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: Capital One Bank
  • One thing stopping banks from trading loans in the secondary market is the lack of standardized documentation. But as Christopher Stoakes reports, this may be about to change.
  • A frenzy of deal-making has broken out in Indonesia as corporates rush to unload their stakes in everything from property and industrial subsidiaries to banks and finance companies in the wake of the currency and stock market crisis.
  • Pulling away from the pack
  • Issuer: Telecom Italia