Exchanges - who needs them?

What will futures exchanges be like in the next millennium? As electronic markets bring end-users ever closer, will we need them at all? Exchanges could eventually be replaced by giant clearing houses.

A little local difficulty?

The savage drop in oil prices and a populist presidential candidate have given investors in Venezuela the jitters.

Goldman's odd loss of Energy

Was Goldman sleeping, did its client just not listen, or was Energy Group simply too clever? After a year of dithering, PacifiCorp let its UK target slip into Texan hands.

A house built on sand

The tequila crisis, Asian fallout, money laundering charges - Mexican bankers walk a tortured road.