Investors converge on Hungary

Fixed-income investors are piling into Hungary, gambling that interest rates will fall as it prepares for accession to the European Union.

Nordic banks: Jostling for supremacy

The Nordic region, with its concentration of internationally recognized corporates, prosperous retail markets and developed capital markets, is an attractive prize.

Russia: Every man for himself

After months of frustration, the foreign banks negotiating repayment of Russian debt are as divided among themselves as they are against the Russian government.

Brazil: Sink or swim

As Brazil picks up the pieces after its currency devaluation, it needs to fight off spiralling inflation and recession.