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  • Saudi Arabia's capital markets will require reform and liberalization if the kingdom is to build a dynamic economy on what is left of its oil wealth. The Saudi authorities are as aware of this as outside observers and their own bankers, but have been ultra-cautious about implementing change. Philip Moore reports on signs of a quickening pace.
  • Borrowers: Borrowers start to play a strategic game
  • By all accounts the City of Moscow is in good shape.
  • Borrowers: Borrowers start to play a strategic game
  • US interest rate rises are an ever-present threat to Latin American bonds, but market bulls reckon such rises won't be as destructive as they were in 1994. Sovereign borrowing is easing, privatization is under way, rating upgrades of some corporates have left more room for lesser names and securitization is taking off. So corporates look likely to capture a much bigger market share. Michael Marray reports
  • It was a twist of fate. In the same month as Jardine Fleming sacked one of its senior executives for being involved in gun-running for rebels in Papua New Guinea, another man with miltary ties was airing his views on the similarities of banking and soldiering in Fleming's monthly research reports.
  • Borrowers: Borrowers start to play a strategic game
  • Hillboot Intergalactic PLC,
  • More evidence of Dresdner Bank's extraordinary preference for the long view comes in an interview given to the Frankfurter Allgemeine Zeitung by the bank's chief executive, Jürgen Sarrazin.
  • The new UK Labour government has won fans in the City of London by announcing, after only a few weeks in office, a wholesale reform of financial regulation.
  • First there were commemorative watches, then there were commemorative bottles of beer - called Red Dawn. Now the Bank of England has joined the crush to make a buck out of Hong Kong's handover to China by printing special £5 notes.