Halfway through the first decade of the new millennium, the five-year track records of world stock markets show the leading indices in Europe and America still way down on their highs before the tech bubble burst.
Many companies still play the game of regularly guiding market expectations for earnings to a level that they then proceed to beat.
The advantages of sharing specialist industry sector information drawn from private companies, plus a desire to provide complementary asset allocation vehicles to end investors, are drawing private-equity firms and hedge funds into alliances.
An immensely complex cross-border insolvency is being worked out in US and UK courts.
As a possible base for eurozone companies eager to expand in the Balkans, Croatia is a favoured candidate, despite its small domestic market.
Credit Suisse Group is to restructure again.
Recent IPOs show that that property investment vehicles known as REITs, popular in western markets, might be gaining a foothold in Asia.
Bullish predictions of the size of Caspian oil reserves made in the 1990s now look greatly exaggerated.
Strong demand kept US high-yield new issues flowing fast through the usually quiet end-of-year period.
Austria's economy is in better shape than those of most of the states to its west and its companies already have a solid presence in the new EU states in central and eastern Europe.
In 2004 equity deals for smaller companies were much more lucrative for investment banks than large block trades, which were often disasters from a profit point of view.
Its high industry rankings suggest that UBS's bold drive to build a private banking business onshore across Europe is paying off.
Poland's once-beleaguered banks are posting profit growth for 2004 as high as 400% in some cases.
In a bold but reckless ploy, for much of last year Russia's president Vladimir Putin sought to curb the appreciation of the rouble against the dollar by intervening in the market.
Hong Kong investors' addiction to the fast buck has often landed them in trouble.
Revision of Greece's public finance accounts has underlined the need for a big effort to reduce budget deficits.