Bolsa hits the big time

Foreign funds are reducing their holdings in the relatively expensive Spanish equity market but domestic demand is mopping this up - and more.

Cents & sensibility

Should Deutschmark and French franc bonds be converted to the nearest euro, or to two decimal places - to the nearest euro cent? Arcane as this discussion may seem it has come close to fisticuffs among the Perrier and sandwiches as government officials and trade bodies try to ensure a liquid euro securities market in 1999.

SEC rules not OK

The globalization of the securities markets can put issuers and underwriters in breach of us law without their realizing it.