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  • Robert Rubin, secretary of the US treasury, has faced tough situations and made tough decisions. In a remarkably short time, he dealt with the Mexico crisis and put the dollar back on course, demonstrating a rare grasp of both domestic politics and global markets. By Katharine Morton
  • Stock exchanges all over Europe are junking floor trading for electronic trading. Power is being handed to the intermediaries, while bourses battle over price, efficiency and liquidity. Laura Covill considers which exchanges are likely to survive beyond 2000
  • Bank buildings were once designed to convey solidity and reliability. Then they went through a phase of gigantism. Now the emphasis is on user-friendliness and functionality. But there are still hints here and there of folies de grandeur. Stephanie Cooke reports
  • Edited by Brian Caplen
  • Moves to develop a tax-neutral pension fund pooling scheme should help propel UK fund management to the centre of the international stage. By Christopher Stoakes
  • by David Roche
  • Edited by Peter Lee
  • A diamond bubble is forming, so slowly that people haven't noticed it yet. When they do, prepare for a crash. The crash will come when a dazzled public recognizes the precious jewel for what it is ­ a lump of carbon that can be built by the ton in laboratories. Very soon the predicted volume of future mass production will affect today's price, which is kept artificially high and stable by a cartel. Now is the time to go short, if only you could, argues Mark White
  • It seems a thankless task. Arrangers of Euro medium-term note programmes are expected to work on a mandate for months, be the butt of dealers' gripes ­ but then don't get paid a cent. So why do they bother? Antony Currie finds out
  • Wafer-thin margins and favourable conditions have tempted many borrowers to refinance in the syndicated loan market. But the cycle may now be shifting a gear. Much of the refinancing is done and lenders are venturing lower down the credit rankings. They may get stung. Christopher Spink reports