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  • New regulations on foreign investment
  • Novelties in the regulations on offering circulars for listing of securities
  • A series of policy objectives and specific measures to improve the single market for financial services over the next five years have been outlined in the Financial Services Action Plan adopted at the start of May by the European Commission
  • Wal-Mart, the world’s largest retailer, has bid £6.7 billion ($10.8 billion) in cash for UK supermarket chain Asda.
  • At the start of May, the Commission adopted a communication setting out a series of initiatives designed to enable supplementary pension schemes to benefit from the single market and the euro.
  • Bermuda-based Tyco, one of the world’s leading underwater telecommunications providers, is to buy Raychem, a US company that designs, manufactures and distributes electronic components, for $2.87 billion
  • Commerzbank is the first big European bank to set up an asset management group in Italy under new rules adopted in 1998. Gianluca Santilli and Andrea Marino of Santilli e Associati are advising the bank and describe the structure
  • At the start of June, the Commission published its Annual Report on Competition Policy
  • Canadian economic performance at the end of the twentieth century
  • The German Tax Reform Act 1999 By Dr Felix Klinger of Schitag Ernst & Young, Frankfurt