The new economic profligacy

For decades America ran huge budget deficits, only balancing the books in the last two years of the most astonishing economic boom on record.

Will Köhler turn the supertanker?

Washington wags used to quip that former IMF managing director Michel Camdessus wanted to be “the bride at every wedding and the corpse at every funeral”.

Honduras rebuilds after the hurricane

When hurricane Mitch washed away the bridges, houses and crops of Honduras two years ago, many of its banks remained open and the staff at the finance ministry came into work.

How Core became Cast

Few banks better illustrate how the market has shifted from cashflow to synthetic CLOs than Deutsche Bank.

Asia’s capital markets revive

As Asia's markets emerge battered and bruised from three years of crisis and recovery, the region’s shell-shocked bankers and issuers are starting to pick up the pieces and look towards a brighter future.

Hong Kong Airport aiming for growth

At some point the government plans to privatize the Hong Kong Airports Authority, and is expected to give it more attention once it has sold off the Mass Transit Railway Corporation (MTRC).

No excess but some anxiety

Taiwan avoided the excesses of Asian equity market euphoria last year and has escaped the worst of the stock market corrections in 2000.

The X-Men of e-finance

In the heartland of Gotham and the Bay Area of San Francisco, dwarfed by the high-rise headquarters of those they seek to challenge, lurk a select few individuals waiting to strike.

Half-hearted privatization

After the BJP-led coalition came to power last year, prime minister Vajpayee set up a new department of disinvestment and placed a young, telegenic lawyer, Arun Jaitley in charge.

To Infineon and beyond

As the huge conglomerates that have long dominated Germany's economy transform themselves into sleek, focused businesses, a procession of corporate assets has come to the market.

Stern test for new man at World Bank

With broken china still littering the office of the World Bank’s chief economist, Nicolas Stern finally arrived this July to start picking up the pieces.

Long road to reunification

After the fanfare of the meeting between chairman Kim Jong-Il and president Kim Dae-Jung in Pyongyang in mid-year, moves toward a closer relationship have been slow.

Hi-tech leads restructuring and after

Asia’s equity markets have seen their fair share of triumphs and disasters in the past 12 months, with technology stocks still baffling market watchers in some markets and seducing them in others.

Punch lands a blow for acquisition finance

Securitizing whole companies may be seen as the future of securitization in Europe, but so far only a few examples of this technique have taken place – and most of them have been in the UK pub industry.

From emerging markets to superpowers

By most economic and development measures, China would seem to have taken a firm lead over India in the great race between these two Asian contenders to become regional and global economic superpowers.

The WTO dilemma

Membership of the World Trade Organization has taken China 14 years of campaigning.

Much noise but little movement

Information technology is by far India’s most dynamic sector but its success comes despite rather than because of government initiative.

On track to be a superpower

China’s economy continues its fast growth and its leaders appear firmly committed to continuing reform, as the country prepares for entry into WTO which may attract further substantial foreign direct investment.

Brigita Schmögnerovà

Protests against her austerity package and calls for her resignation have failed to stop Brigita Schmögnerovà from doing the most exciting job she has ever had.

The initiative is lacking

The great triumph of last year’s IMF/World Bank meeting was the unveiling of an agreement on debt relief for heavily indebted poor countries.

Voters sink Sogo’s lifeboat

The collapse of the Sogo department store, the largest bankruptcy of a non-financial corporation yet seen in Japan, is significant in two important ways.