Edition:
United Kingdom

Tom Arnold

Lira may be Turkey's Achilles heel in Syria battle

18 Oct 2019

LONDON Turkey's ability to sustain its military campaign in Syria may depend in part on what happens far away from the battlefield: in the foreign exchange market.

ANALYSIS-Turkey's forex reserves an Achilles heel if sanctions were to deepen

18 Oct 2019

LONDON, Oct 18 Turkey's paltry foreign currency reserves leave it vulnerable to a financial shock in the wake of its military push into Syria, with markets concerned that geopolitical tension and sanctions over the incursion could lead to a reprise of its 2018 lira crisis.

Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals

17 Oct 2019

RIYADH/LONDON/DUBAI Saudi Arabia is setting the stage for a blockbuster listing of state oil giant Saudi Aramco in Riyadh, relying on easy credit for retail investors and pushing rich locals to invest with cash held abroad to achieve a $2 trillion (1.6 trillion pounds) valuation target. | Video

PrivatBank wins London appeal in lawsuit against ex-owners

15 Oct 2019

LONDON/KIEV PrivatBank won an appeal in a London court on Tuesday that allows Ukraine's largest lender to pursue claims worth billions of dollars against its former owners.

Sanctions stress makes Turkey's lira October's worst world currency

14 Oct 2019

LONDON The slump in Turkey's lira in the wake of the Turkish military advance into Syria has made it October's worst performing major currency, a move that looks even starker considering most emerging market currencies have powered ahead.

Lebanese dollar bonds drift as markets await UAE financial support

10 Oct 2019

LONDON, Oct 10 Bond investors mulling whether to buy new Lebanese debt later this month were seeking evidence on Thursday of a tangible commitment of financial support for the deeply indebted country from the United Arab Emirates.

Sovereign funds notch up $24.6 billion in third-quarter corporate purchases

09 Oct 2019

LONDON Sovereign wealth funds increased their merger and acquisition activity to $24.6 billion in the third quarter, propelled by deals involving Singapore's GIC Pte and Temasek Holdings as well as China Investment Corp.

RPT-Who will buy Lebanon's Eurobond? Not us, say foreign fund managers

07 Oct 2019

LONDON, Oct 4 Lebanon may need support from loyal local banks or even friendly Gulf states to buy a new Eurobond as foreign investors look set to shun the sale, citing the country's long list of troubles.

Who will buy Lebanon's Eurobond? Not us, say foreign fund managers

04 Oct 2019

LONDON Lebanon may need support from loyal local banks or even friendly Gulf states to buy a new Eurobond as foreign investors look set to shun the sale, citing the country's long list of troubles.

Egypt's investment allure tarnished as protests challenge reforms

02 Oct 2019

CAIRO/LONDON Egypt's reputation as an emerging market star lost some of its sparkle last month when street protests revealed a population yet to benefit from years of economic reforms that had impressed investors. That reality check may prove to be uncomfortable.

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