Every euro has its swap price

Are today's issuers in Ecu paying over the odds? Borrowers and their bankers argue that it pays to establish a benchmark this year, before the latecomers crowd into the market next January.

Waking up to reality

After months of confusion, denial and fantasy economics, reality finally dawns in Indonesia.

Bear eyes Europe

When there's not much left to merge in an industry the stakes rise and the government gets edgy.

Inside Asia's whirlwind

Who's to blame for Asia's crisis? And what happens now? Nine of the region's movers and shakers give their views on the pace of change across the region, the part played by the Japanese banks, the future of Hong Kong's currency peg and the role of China.

A bad case of sibling rivalry

BankAmerica and NationsBank had both bought into hi-tech investment banking, so when they merged there was bound to be surplus capacity.