Word: kleinwort
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...going for the jugular. "The A380 will be a new flying experience," he says. "That's what the 747 provided in 1970." He maintains that airlines will probably install casinos, gyms or duty-free shopping in the A380's abundant cargo hold. Joseph San Pietro, an analyst at Dresdner Kleinwort Wasserstein, dismisses such a notion as a flight of fancy. "You're not going to be running on a treadmill if you hit turbulence," he says...
...that the deal will probably go through. "I think for Dresdner it's a fair price and a graceful exit," says John Leonard, a banking analyst at Salomon Smith Barney in London. The merged company has decided to finesse the problem of what to do with the profitable Dresdner Kleinwort Wasserstein investment bank. DKW will be floated on the stock market in about three years as an independent entity, but with Allianz keeping a majority of the shares...
There are plenty of practical applications too--sites that navigate train routes, make concert reservations, find restaurants and follow the stock market, all on the fly. Says Kirk Boodry, a senior analyst at Dresdner Kleinwort Wasserstein, in Tokyo: "These are different animals. The fixed-line Internet is about richness of content. The mobile Internet is about reach of content...
Paradoxically, one source of friction with other countries has been lessened. Explains Peter Tasker, a strategist for the investment-banking firm Kleinwort, Benson International: "This is the first recession in Japan that is wholly homegrown. They can't blame the Arabs for an oil-price increase or the unions or the Americans...
...rocketing oil prices abroad. Tokyo's Nikkei index has fallen from its peak of 38,915 last December to a closing price of 22,828 last week. "This has probably been the largest bear market in any country since World War II," says Peter Tasker, head of research at Kleinwort Benson International in Tokyo. In a fleeting burst of euphoria, the index zoomed a record 13% last Tuesday, but much of the gain was the result of frantic government moves to shore up the market. Among other things, the Finance Ministry gave investors easier access to borrowed money and curbed...