Word: frontiers
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...party may be ending for the nation's 13,000 check cashers. With retail banks facing stagnant revenue growth, they are vying for a foothold in what some call the "last frontier" of the domestic market. Over the past six years, Wells Fargo has opened 1 million accounts for Mexican nationals living in the U.S. by becoming the first bank to accept the Matricula Consular identification card that Mexican consulates in the U.S. began issuing after 9/11. A growing number of banks, including KeyBank and Union Bank of California, are also offering low-cost check cashing...
...emerging markets and food. In the latter, he likes beneficiaries of cheap agriculture and protein, noting opportunities in Argentina GDP warrants, Brazil broadly and fertilizer companies in Taiwan. In equities he likes Serbia, Macedonia, Malaysia and the GCC (Gulf Cooperation Council) countries, and he is looking to other frontier markets, including Kazakhstan and Georgia. Pushed to home in on one idea, Leitner says his favorite trade is buying a short-dated Swedish krona call option against the euro. It's a way of playing the next Swedish central bank meeting, he explains...
...allies in the war on terrorism, was reportedly in Abu Dhabi in a secret meeting with Benazir Bhutto, a long-time political foe, former Pakistani prime minister and opposition leader now living in exile in London. Musharraf is under pressure not only from Islamic extremists based in the lawless frontier lands along Pakistan's border with Afghanistan - a U.S. report issued two weeks ago warned that al-Qaeda and the Taliban had reconstituted in the area - but also from Pakistan's middle-class moderates, who are angry with the President for what they see as his ham-fisted attempts over...
Possibly. Radical clerics have declared jihad on the government in retaliation for the mosque siege. Suicide attacks are gathering pace in the North-West Frontier Province, the gateway to Afghanistan. A July 18 bombing there killed 17 Pakistani soldiers. And even religious groups once aligned with the government are turning against Musharraf. Machine-gun fire directed at the President's plane on July 6 marked the first assassination attempt on Musharraf's life in several years...
...stands at some 13,500 troops drawn from 30 nations, including European heavyweights such as France, Italy and Spain. It even includes a naval component to prevent arms being smuggled into Lebanon by sea. UNIFIL's mandate is to assist the Lebanese army in securing Lebanon's volatile southern frontier in accordance with U.N. Resolution 1701, which helped end last summer's 34-day war. "The mission has been, by and large, highly successful... because not only has it been the quietest time in the last 40 years maybe [along the Lebanon-Israel border] but what's more we have...