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  • The proposal only marginally improves terms of previous offers. We suspect that adhesion will not reach the 70% threshold targeted by the Argentine government.
  • Ministers from Azerbaijan, People's Republic of China, Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan, and Uzbekistan agreed yesterday that deepening regional integration in Central Asia is essential for greater shared prosperity
  • Toyota to launch assembly plant in Russia by 2006, DaimlerChrysler is next.
  • The emerging markets bond markets shrugged off the disappointment of Argentina's restructuring offer on nearly $100 billion in defaulted debt yesterday as the asset class closed up at the end of trading.
  • S&P assigns B+ long-term sovereign rating to Serbia.
  • S&P assigns B+ long-term sovereign rating to Serbia.
  • According to S&P, China's economic growth momentum is likely to continue.
  • As a result of the expansion of its activities, the Black Sea Trade and Development Bank (BSTDB) has mandated BayernLB and SANPAOLO IMI S.p.A. to arrange, on a fully underwritten basis, a USD 60 Million Syndicated Term Loan Facility, representing its debut syndicated loan facility.
  • The importance of closer of regional co-operation and integration. By Tadao Chino, president of the Asian Development Bank
  • Yanukovych leads presidential race after counting 63.41% of ballots.
  • With China and India set to become two of the world's biggest economies in the next 50 years, will their currencies become the new mainstays of central bank reserves?
  • Citigroup hired Wei Christianson in the midst of a red-hot market for top-tier investment banking talent in China. There's huge demand for executives who are western-educated PRC nationals with Wall St experience. Citigroup's new China banking head has it all to prove. Joanne Gray reports.