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  • Russia: Great expectations
    The Russian $90 billion promissory note market is the largest debt market in the country. But major reforms are required for it to mature into a mainstream corporate bond market - and yields must remain high or foreign investors will not be willing to take the extra risk. By Brad Durham.
    September 01, 1997
  • BANKING
    The best of the rest: Eurobonds
    Deals of the Year
    September 01, 1997
  • Brave new Mexico
    The Mexican financial scene has substantially changed since the 1994 crisis. Out of the dust of the crash broader and better organized capital markets have emerged. Debt restructuring has built up yield curves and bank asset sales are creating new instruments. Even the equity markets seem more buoyant. Jennifer Tierney reports.
    September 01, 1997
  • Colossus on the road to market
    The old guard remains in control at Gazprom, Russia's dominant gas producer. But can they fend off plans to liberalize the gas sector?
    September 01, 1997
  • BANKING
    Best Asian Finance Minister: Chidambaram, India
    Finance Minister and Central Banker of the Year: The regional winners
    September 01, 1997
  • French row blocks Goldman's gas loan
    If an international bank wants to increase its profile in Russia, it heads straight for Gazprom. Russia's largest company has huge capital requirements for the next few years, and to be seen working on as many of its deals as possible is the best way to market services to other Russian companies.
    September 01, 1997
  • BANKING
    What happened on July 15?
    Why investors love Poland
    September 01, 1997
  • Russia: Following the sovereign
    Russia's sovereign Eurobonds are still holding centre stage, but the country's cities, banks and corporates are also stepping into the limelight. By Guy Norton.
    September 01, 1997
  • The end of Asia's strongmen
    Mahathir Mohamad, prime minister of Malaysia, shows an increasing tendency to talk rubbish. Commenting in early September on foreign investor selling of Malaysian stocks and the ringgit, he said: "They are racists. I say it openly. They are not happy to see us prosper."
    September 01, 1997
  • The local contenders
    When Gao Xi-Qing arrived in Hong Kong in August his arrival was greeted by a typhoon called Victor. Staff at Bank of China already acknowledge that typhoon Gao, their new boss, is set to shake things up more than your average king-wind.
    September 01, 1997
  • BANKING
    The mainlander is the key
    Singling out the individual may appear out of keeping with the vogue for emphasizing the team. But in China, having the right individual on board is the most important factor in business success.
    September 01, 1997
  • India: Reform is the mantra
    A budget, a new credit policy and a report into currency convertibility, all introduced in the first half of this year, have boosted investor confidence. Phillip Moore analyzes their significance.
    September 01, 1997
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