January 2003
| Euromoney January 2003 Years of heavy losses from traditional assets are prompting investors to seek new havens for their money. Overlay managers sing the praises of going beyond hedging to invest actively in forex. |
Euromoney January 2003
Despite the supposed fiscal rectitude demanded by dollarization, Ecuador has once again spent itself into trouble.
Euromoney January 2003
A complex debt exchange during a merger transaction saved AT&T Broadband and Comcast the expense and the hassle of raising new debt. Bankers won’t want other companies to follow suit.
Euromoney January 2003
A pioneer of foreign investment in post-Soviet Russia, Bill Browder has battled with corporate misdeeds and tracked the “bad guys” to take his Hermitage fund up 446% since 1996.
Euromoney January 2003
Bank reform in Russia is hampered by the dominance of the two big state-owned banks, neither of which can be speedily rationalized or sold off without disruption. So although the central bank is now intent on regulatory activism it is seeking to enable competition rather than enforce it.
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Russia’s central bank is launching a controversial new scheme aimed at creating stability and competition. Deputy central bank chairman Andrei Kozlov explains why the reforms are needed.
Euromoney January 2003
The volume and sophistication of Poland’s debt strategy last year made it the golden mandate for emerging-market debt teams. And they’ll be chasing Poland hard in 2003. But could its public debt prove too large even for this masterful finance ministry to handle?
Euromoney January 2003
CEE issues have innovated on several fronts this year. Bulgaria made Europe’s first Brady exchange, Poland revived sterling sovereign issues and Gazprom launched Russia’s biggest ever domestic corporate bond.
Euromoney January 2003
A dispute over the funding of oil pipeline development pinpoints increasing tension between foreign investors and the Kazakh authorities that may hamper the development
of offshore Caspian oil resources.
Euromoney January 2003
Euromoney January 2003
Kazakhstan has had a good run, but the easy things have been done and the strong economic growth of the past two years has eased. The republic is banging up against a ceiling that will only be breached if there is more reform.
Euromoney January 2003
HVB and Commerzbank face an awful choice: lend more to German companies and rack up those NPLs, or stop lending, induce more bankruptcies and drive away customers.
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Is the burgeoning credit derivatives market still best seen as a hedging device? Or have some participants turned it to unfair advantage over bond investors on the basis of what amounts to inside information?
Euromoney January 2003
With trading costs bearing down on them, UK fund managers are tentatively exploring the savings offered by alternative trading venues.
Euromoney January 2003
Islamic law once forced Muslims to make do with poor investment returns. Now, complex Shariah-compliant structures are burgeoning to add value. We look at the market leaders.
Euromoney January 2003
Riba, Gharar, Murabaha, abba, Ijarah, Salam, Istina, Sukuk, Mudarabah, Musharaka, Takaful
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Euromoney January 2003
Convertibles
Euromoney January 2003
Indices
Euromoney January 2003
E-finance
Euromoney January 2003
Electronic trading
Euromoney January 2003
Bond performance
Euromoney January 2003
Indonesia
Euromoney January 2003
India
Euromoney January 2003
A recent UK court judgment has stopped minority lenders blocking a workout because it is not in their interests. Rob Mannix explains why the ruling is good news for the banking industry
Euromoney January 2003
Head of credit research, Gartmore
Euromoney January 2003
CEO, Duke Street Capital