Bankers, economists and investors in the region highlight the now oft-quoted fact that the correlation between economies in the West and those in Asia is much lower then it was in the past, say at the time of the 1997 crisis, and Asian economies are far more domestic demand driven. ôThe US subprime situation has no direct fundamental impact on Asian companies and private equity investments in Asia,ö says Manoj Agarwal, head of financial sponsors mergers and...
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