Edition:
United Kingdom

Tom Arnold

Turkey seeks to protect mega hospitals from soaring lira costs -sources

27 Feb 2020

ISTANBUL, Feb 27 Turkey's government is working to protect itself and investors from soaring costs on several hospital mega-projects including some left unfinished after a 2018 currency crisis, according to several people familiar with the effort.

Ashmore Group committed to fund despite hit from Lebanon, Argentina crises

27 Feb 2020

LONDON Emerging markets investment manager Ashmore Group has defended the strategy of its short duration debt fund which has been clobbered by its exposure to two nations in crisis, Lebanon and Argentina.

EBRD shareholders set for vote on Africa expansion in May - president

24 Feb 2020

LONDON, Feb 24 Shareholders of the European Bank for Reconstruction and Development will be asked in May whether to give the bank the green light for expansion into sub-Saharan Africa, the bank's president told Reuters.

Lebanon's bondholders braced for losses as debt crunch looms

19 Feb 2020

LONDON Holders of Lebanon's international debt risk losing as much as 80% of their investment as a debt restructuring looms that could be more painful than that inflicted on Greece's bondholders during its crisis.

Sovereign investors pulled back from equities in fourth quarter -report

13 Feb 2020

LONDON Sovereign wealth fund investment in equities via external asset managers fell in the final quarter of last year, data from research firm eVestment showed on Thursday.

JPMorgan picked as adviser for sale of stake in $7.3 billion Turkish motorway: sources

12 Feb 2020

LONDON/ISTANBUL JPMorgan has been picked as an adviser for the sale of a stake in a $7.3 billion motorway in Turkey, four sources familiar with the matter said.

Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites

11 Feb 2020

LONDON The worst is yet to come for Lebanon's banks.

UPDATE 1-Lebanon's March 2020 bond in record rally on payment hopes

30 Jan 2020

LONDON/BEIRUT, Jan 30 Lebanon's March 2020 bond rallied by a record amount on Thursday, signalling growing investor hopes that the $1.2 billion issue might be repaid despite the country battling its worst economic crisis in decades.

Sovereign wealth funds move mainstream, make less contrarian bets

30 Jan 2020

LONDON Sovereign wealth funds' investment moves are becoming more closely aligned with the global asset management industry as they mature, and their growing size makes it harder for them to make contrarian bets, a report showed.

Vanguard weighs trimming oil exposure within emerging market debt fund

28 Jan 2020

LONDON, Jan 28 Vanguard is considering dialling down exposure to oil producers within its emerging market debt fund as China's outbreak of coronavirus feeds into concerns that global economic growth could be set to slow, an executive at the asset manager said.

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