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  • UK
    A special report prepared by JP Morgan
  • Bankers like to wring their hands every time a competitor is forced to report a big loss caused by a rogue trader or poor controls.
  • With civil war and political manoeuvring giving way to economic reconstruction, Bosnia and Herzegovina is facing up to the need to attract foreign investment and trade finance. An innovative World Bank political risks guarantee facility announced in March should prove a useful element in this process.
  • The world is all perversity. The worst that could happen to investors is stronger global growth, producing weak financial markets. That will happen if Japan picks up this year at the same time as core Europe, and there is a continued boom in the US.
  • The European integration process moved on with increasing speed during 1996. As January 1 1999 moves closer, the sustained political will to convert the Maastricht Treaty is clear.
  • A special report prepared by Banco Santander de Negócios Portugal
  • Issuer: Republic of Ecuador
  • Cairo's stock market is rampant. The past 12 months have seen the market take off after the government finally decided to take privatization seriously. But amid the euphoria there are calls for caution as the financial sector leaves the real economy trailing. Nigel Ash takes a closer look
  • FX Poll 1997: Taken aback by a leap forward
  • Officials from Brazil's national treasury are travelling nationwide singing the praises of federal domestic debt to pension fund managers. Later roadshows will sell the same story to insurance companies. They are stressing increased transparency, lower risk, higher earnings potential and a longer yield curve.
  • FX Poll 1997: Taken aback by a leap forward
  • Two new European-currency corporate high-yield bonds appeared last month, opening what could soon become a thriving sector of the international bond markets. The welcome which supposedly credit-risk-averse European bond investors gave to the two deals was quite spectacular.