Asia's pain radiates outward
Article Abstract:
European and US companies, industries and markets are reeling from the far-reaching effects of the Asian economic crisis. Australian sheep farmers, American grape growers, and pulp and paper producers in Canada and Scandinavia are among those affected. Deutsche Bank AG of Germany allocated 1.4 bil marks for its losses on the company's Asian loans and trading activities.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Analysts envisage the future
Article Abstract:
Economic analysts have predicted that Asia will experience the trend of more banks being nationalized and the need and certainty of debt forgiveness by foreign and local lenders. Moreover, Greater China will become the new Asian economic forerunner. The present floating-rate systems in most of Asia should be substituted with a system that is more established.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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