| BUSINESSWEEK ONLINE : JUNE 14, 1999 ISSUE | ||||||||
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| COVER STORY
For the Record: Leila Heckman Leila Heckman, a managing director at Salomon Smith Barney, discussed international equities with Toronto bureau manager Joe Weber ON RESTRUCTURING It's going on all over, with most of the progress being made in Europe. ON RISK Investing in non-U.S. corporate reshapings is somewhat riskier for two reasons. One, it's unclear when Japan will come out of recession. Two, foreign companies haven't been as transparent as U.S. corporations. It's been a little harder to figure out what's going on. [But] it's hard today not to invest abroad, with all the cross-border mergers and acquisitions. ON HOT MARKETS We like Europe as a restructuring story, but GDP growth is slowing. In Latin America, the macro environment has been improving since Brazil's devaluation, although GDP growth is expected to be weak or negative in Argentina, Brazil, and Venezuela in 1999. Japan has a lot of potential, but GDP is still weak. Australia is a strong grower. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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 RELATED ITEMS International: As the World Restructures TABLE: Who's Following Corporate America's Lead For the Record: Leila Heckman INTERACT E-Mail to Business Week Online | |||
