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