Reliant on gravity

Article Abstract:

The May 12, 1992 collapse of the Bombay StockExchange from an Apr 22 peak of 4,467 to 3,101 has caused hesitation among bankers who are preparing India's first Euro-market issues. Global depository receipts for Indian blue chip companies are about to be released after India's decision to allow international equity issues. The stockmarket plunge, however,has forced financial managers to delay issues so that the Indonesian pricing mistakes will not be repeated. This delay could benefit India in the way of insuring that nothing goes wrong when it finally opens its stockmarket totally.

Analysis, Column, Stock-exchange, Stock exchanges, Bombay Stock Exchange Ltd.

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Enough already: creditors end support for Japan's EIE

Article Abstract:

The Long-Term Credit Bank of Japan (LTCB) has cut its line of credit for the Japanese real estate giant EIE International. EIE, which is estimated to be at least $6.4 billion in debt, could not agree with LTCB over the extent to which EIE must sell-off assets to restore financial stability. EIE Pres Harunori Takahashi has vowed that his company can restructure without the help of LTCB, despite the doubts of most financial analysts. LTCB will need to shed some of its own equity holdings in order to cover its cancelled loans to EIE.

Economic policy, Real estate industry, Long-Term Credit Bank of Japan, EIE International Corp.

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Japan's soft spot

Article Abstract:

Japan's software industry is struggling to stay afloat, dragged down by its ties to mainframe makers. The current economic slump compounds the slowdown in computer sales, especially high-end mainframes, while America and Europe introduce cheaper, more flexible software and desktop computers. Japanese proprietary operating systems and traditional disdain for desktops, and a low regard for programming, have combined to steer the soaring software industry into the ground.

Computer software industry, Software industry, Economic aspects

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