Munich Re says the worst is over 2 Jun 2003 Given its performance in Q1, the world's number one reinsurer looks set to deliver a decent operating result this year. But Munich Re has yet to demonstrate that it will not need a rights issue.
Landesbanks add to Germany’s banking woes 2 Jun 2003 The landesbanks don't pose the same threat to the system that private sector banks do. But they are responsible for the mess.
Property fuels UK retail M&A bubble 2 Jun 2003 Booming retail property values inflate offers for assets like Selfridges, and compensate property firms for an office rent crisis. But property values are only a reflection of the underlying businesses' ability to pay rent. The consumer boom will not go on for ever.