Regions

UK/EU - Companies need to educate investors about the impact international accounting standards will have on their profits and liabilities, a survey shows.

ASIA - Govett Investments predicts an improved financial outlook in Asia, following the US rate cut and a rise in Asian equities in October.

GLOBAL- Plunges in global capital markets during the third quarter dragged down pension funding levels even further.

GLOBAL - A new Fitch Ratings special report that ranks countries by their vulnerability to financial contagion says Latin American sovereigns are among the most vulnerable.

GLOBAL - CitiStreet, the global benefits outsourcing provider jointly owned by Citigroup and State Street, has selected ILOG's business rule management software, ILOG JRules, to augment its benefits plan administration platform.

GLOBAL - The Goldman Sachs Group reported net earnings of US$522m for its fiscal third quarter ended 30 August 2002.

GLOBAL - AXA Investment Managers is transferring £3.5bn of global and European equity mandates from its UK clients to its sister firm, Axa Rosenberg.

GLOBAL - Alternative fund flows were significantly boosted in the third quarter by interest from institutional investors seeking shelter from low yielding traditional markets.

GLOBAL - Freezing money of terrorist organisations has failed worldwide. But, Rob ten Wolde, managing director, staff managerial advice, of independent administrator AZL in Heerlen asks whether should the search continue.

EUROPE/UK - The Netherlands' ABN Amro Mellon Global Securities Services held its inaugural UK client and industry educational conference on 25 September in London.