GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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  • Macroeconomic outlook
  • Macroeconomic outlook
  • Macroeconomic outlook
  • “Korea is like peeling onions,” says a Seoul banker. “Every time you peel off a layer, there is another.” Reform and restructuring in the domestic banking sector are long-term challenges, and the final picture is not yet clear. By Pauline Loong.
  • Daiwa Securities SB Capital Markets Europe (Daiwa SBCM Europe) has announced the recruitment of new staff as part of a general move to expand its fixed income operations. Kevin O'Neill, formerly at PaineWebber, will join as primary trader.
  • Foster's Brewing Group this week completed one of Australia's largest acquisition financing packages by raising A$1.4bn through equity and exchangeable bond issues. The country's biggest brewer sold A$700m of new shares. At the same time, Foster's Securities sold $400m of exchangeable bonds into the Euromarket, raising another A$700m to partly fund the A$2.5bn acquisition of Napa Valley based Beringer Wine Estate Holdings.
  • The Hong Kong government this week gave the go-ahead for the privatisation of Mass Transit Railway Corporation. The company is set for an October listing. Bankers in Hong Kong report that the issue will value MTRC at between HK$50bn and HK$60bn.
  • * Schroder Salomon Smith Barney has appointed David Woo as a vice president of its emerging markets economic research team. He reports to Robert Kahn, head of the European emerging markets team in the economic and market analysis (EMA) group in London, and to Lewis Alexander, head of EMA's global emerging markets team in New York. Woo was previously an economist at the IMF for four years, initially in the European department and later in the monetary and exchange affairs department.
  • Macroeconomic outlook
  • Macroeconomic outlook
  • Banks have set their sights on online FX trading. And, as with all things e-commerce, they are hurting as a result. But they would rather control their own destinies than have them dictated by some third party upstart. By Fiona Haddock.
  • Macroeconomic outlook