Why foreign-currency debt is best for Russia

A troubled government that swaps domestic debt for foreign currency-denominated debt would seem to be inviting catastrophe - isn't that what dumped Asia in the mire? But Russia has done exactly that.

E-cash spreads its tentacles

Asia's currencies may be worth less than they were, but in two Asian city states a new currency is on the rise - the electronic variety.

HSBC's hunger for assets

Born out of a bloody cull, shaped by a succession of departures, HSBC Asset Management has led a tortured existence.

Siemens the financial engineer

In-house banking is out of fashion - except in Munich, where industrial colossus Siemens has set up its own financial institution.

Falling for corporates

The love affair between increasingly yield-hungry European investors and corporate borrowers is becoming ever more passionate.