Fidelity's experience highlights financial industry changes

Article Abstract:

The evolution of FMR Corp's Fidelity Investments as part of Japan's financial services industry mirrors the many changes that have taken place within the industry. When Japan deregulated its financial markets in 1995, Fidelity increased its activities in the country, aiming to have $100 billion more under its management by 2005. However, following Fidelity's broad expansion of its services, surveys revealed that Japanese savers were not very keen on such firms as Fidelity. Things took a turn for the worse in 1997 when the industry was rocked by scandals and declining profits. By the end of 1997, however, the positive image borne by foreign financial services firms attracted a growing number of Japanese savers.

Japan, Use of services, Foreign operations, Financial services industry, Financial services, Fidelity Investments

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Asia infrastructure plays may be road to ruin

Article Abstract:

Investors should realize the potential risks of investing in Asian infrastructure projects. Infrastructure projects require investors to pay cash up front placing them at risk of cost overruns or price-cutting competition. Government interference is another problem. Most benefits of an infrastructure project are difficult to quantify with investors often at the losing end of any public and private benefits conflict.

Economic aspects, Public works, Asia

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Do I detect a whiff of jealousy?

Article Abstract:

The bonus received by a top executive of Walt Disney Co. and a top Hong Kong company executive is justified considering that the amount they received represents only a small portion of their contribution to their company's success. The contribution of Larry Yung to Citic Pacific and Michael Ovitz to Walt Disney has been considerable and it is only proper that these individuals receive due compensation.

Amusement and Theme Parks, Amusement parks, Theme Parks, Column, Compensation and benefits, Entertainment industry, Walt Disney Co., Citic Pacific Ltd., DIS, Ovitz, Michael, Yung, Larry

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