A global gamble

Article Abstract:

The Apr 1998 announcement that Citicorp and Travelers Groups are merging surprised many analysts. The new company will be called Citigroup. The intent of this $140 bil merger is to pair Citicorp chairman John Reed's consumer and corporate bank with Travelers chairman Sandy Weill's money- management, insurance, stockbroking and investment-banking operations. This merger targets over a billion customers in 100 countries.

Financial institutions, Citicorp, CCI, Travelers Inc., TRV

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Here come the Germans

Article Abstract:

The planned acquisition of Bankers Trust by Deutsche Bank is coming on top of two other US acquisitions by German companies. It shows that as Europe prepares to launch its new currency, Euro, Germans have already taken the first step to play the global game. In anticipation of Euro, European companies are merging and restructuring, while others are looking to the US for more ambitious plans.

Banking industry, Economic aspects, Euro (Currency), Deutsche Bank AG, Bankers Trust

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The siege of Seattle

Article Abstract:

The World Trade Organization meeting in Seattle, WA, was the focus of many protests. These protests highlighted tensions over the impact of the new global economy.

Conferences, meetings and seminars, Demonstrations and protests, Ethical aspects, International economic relations, World Trade Organization, Seattle, Washington

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