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FX poll 2008:

FX poll 2008:

FX moves to centre stage

Scandals fraud and losses in the financial markets

Scandals fraud and losses in the financial markets

HSBC is the latest bank to be hit by attempted fraud, which Euromoney was first to report.


Asia

Korea Development Bank: Koreans divided on fate of a national treasure

May 2008

South Korea’s new president, Lee Myung Bak, urgently wants the privatization of Korea Development Bank; he hopes it will become globally competitive. But some question the wisdom of the deal. Lawrence White reports from Seoul.

More Asia stories


Central and Eastern Europe

Wheat futures trading: Russia builds a future for wheat

May 2008

Russia completed another piece in its agricultural jigsaw in April with the long-awaited launch of wheat futures trading on the National Mercantile Exchange (Namex) in Moscow.

More Central and Eastern Europe stories


Latin America

Latest news: Esteves quits global role at UBS

May 2008

Andre Esteves has quit his role as global head of fixed income, commodities and currencies (FICC) at UBS, the troubled Swiss investment bank.

More Latin America stories


Middle East and Africa


Even when the market was functioning we could see that these were very poor quality assets – a deal that is a pig at par is still a pig at 96

Ian Cash, managing director at Alchemy Special Opportunities Fund, on why the distressed debt market is only for the brave

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