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  • Much has been said about convergence between the insurance and capital markets. But what legal issues are involved? By Christopher Stoakes
  • Throughout Asia, borrowers are exploring new ways of financing the region's huge infrastructure needs. But fierce competition is keeping margins down for the banks on the bandwagon. Norman Peagam reports
  • Japanese bond issuance sharply increased in the first nine months of this year as borrowers rushed to raise funds before interest rates rose. But the revival might fade next year. Charles Olivier reports from Tokyo on changing attitudes to capital-raising
  • Latin America; Cuba; Kazakhstan; Asia
  • Japan's bacteria-free banking; Dresdner swoops to conquer; Y2K cost; Josef Ackermann; Boris Yeltsin; Winter dancer; Cavallo controversy
  • A single European currency looks increasingly likely to be instituted on schedule on January 1 1999. With this in mind government bond strategists are trying to predict the likely shape of the euro market. A few patterns, such as the transition towards a credit-driven market, are emerging. But much still hinges on decisions yet to be taken. Philip Eade reports
  • Government dominance of Israel's capital markets leaves state funding heavily exposed to outflows like the recent mass redemption of savings in provident funds. It has also hampered the development of corporate bonds. Funding locally through the stock exchange is problematic since concentration of ownership has rendered equities illiquid. Charles Piggott reports on proposals to reform the system
  • Cover and the capital markets
  • Big Bang: Ten years on; Turkey: No way to run a market
  • by David Roche
  • Gazprom overcomes investors' doubts