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  • Latin America; Cuba; Kazakhstan; Asia
  • Robert Mohamed; Robert Gray; Joan Beck;
  • Japan's bacteria-free banking; Dresdner swoops to conquer; Y2K cost; Josef Ackermann; Boris Yeltsin; Winter dancer; Cavallo controversy
  • 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
  • by David Roche
  • Cover and the capital markets
  • Big Bang: Ten years on; Turkey: No way to run a market
  • Syndicated loans; Australia; Asset-backed Eurobonds; MTNs; Germany
  • Gazprom overcomes investors' doubts
  • In the long term there will probably be room in the Danish banking market only for Den Danske Bank and Unibank. But before then they will have to adjust to the EU's single-currency system, which Denmark is unlikely to join at the outset, and to competition from consolidated banks in neighbouring states. Jules Stewart reports on their prospects
  • Cheaper to issue and less stringent than their American cousins, global depositary receipts are gaining popularity. New programmes have been developed by several emerging markets. For investors the advantage is a clean trade and the removal of forex risk. "It's dollar, boom, done," says one. Graham Field reports