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  • With Russian issuance still in its early days, any new bond is a source of interest and speculation. The City of Moscow's debut didn't disappoint. Charles Piggott reports.
  • Despite the hardships caused to African countries by the 1980s' IMF and World Bank structural adjustment programmes, there have also been benefits. Market-determined exchange rates, interest rate liberalization, privatization, private sector budget deficit management and the removal of price controls have injected new life into African business. Philip Eade profiles some of the continent's listed companies
  • Bank atlas 1997: The world's leading banks
  • A special report prepared by Deutsche Morgan Grenfell
  • Five years of debate do not seem to have taken the Asiaclear concept very far. Now there are fresh moves to set up an Asian-wide settlement system. But, reports Steve Irvine, perhaps Euroclear is already too far ahead even in Asia.
  • Deal: Block trade in BP stock
  • "The emergence of the German public-sector borrowers has probably been the most important single feature of the international primary debt capital markets during the 1990s," says the head of syndication at one of the bulge-bracket US investment banks. Few people would argue with that.
  • HSBC Holdings has held on to the top spot in this year's rankings, while mergers have propelled Credit Agricole and Wells Fargo up the table. Elsewhere, Japanese banks have fallen while American banks have made a steady climb.
  • Issuer: Svensk Exportkredit
  • After years of affirmative action a new class of ethnic Malay businessmen has emerged. These entrepreneurs quickly scaled the heights of industry and commerce to control powerful sectors, from the motor industry and the national airline to property and media
  • Bank atlas 1997: The world's leading banks