A house built on sand

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

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 little local difficulty?

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

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.