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  • Since teetering on the edge of bankruptcy early this year amid expectations of being the world's first Brady bond defaulter, Bulgaria appears to be bouncing back. The turning point was the installation of a staunchly pro-reform government in April since when prices across Bulgarian debt markets have rocketed.
  • While banks spend millions on creating an "image concept" around the globe, their efforts run into the ground in China.
  • A bank can offer a wide range of financial products with the most sophisticated of structures across a host of countries, but if it cannot process the paper and payments they generate, the exercise is useless. That's why one of Euromoney's new awards is the bank best at transaction services.
  • Awards for Excellence 1997
  • Awards for Excellence 1997
  • Awards for Excellence 1997
  • Awards for Excellence 1997
  • Awards for Excellence 1997
  • Kenshodo, a Japanese pharmaceutical company, has found a great cure for economic blues: Chinese herbal medicine. And it has its sights set on the London Stock Exchange's Alternative Investment Market (Aim) for its first market listing.
  • What have Mephistopheles and the financial markets got in common? A lot, according to Lothar Märkl, a private banker at Bank Hofmann in Zurich. A recent advertisement for the bank in the Financial Times touts Märkl as a "profound authority on Goethe's Faust" with a "particular flair for philosophical topics".
  • On the evening of June 17 Frank Ning appeared very calm. The chief executive of China Resources gave no hint that next morning the newspaper headlines would be trumpeting his company's purchase of 50% of Hongkong Chinese Bank for HK$2 billion (US$258 million). Ning's company has a market capitalization of HK$42 billion, next month it will be rated by Standard & Poor's. Hong Kong's investment bankers say he's the best red-chip manager around. In an interview, Steven Irvine asked:
  • Masters of credit or hype?