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Search resuls for: "Strigo"


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A logo of Amundi is seen outside the company headquarters in Paris, France, February 3, 2023. "We have started to cover our underweight in Turkish lira a few weeks ago," Strigo told Reuters, referring to the process of taking a more positive view on the currency. Amundi, while the first major fund to formally declare its shift, is not alone in testing the waters, according to other foreign investors and bankers. "It is probably the easiest way for now," Strigo said about the use of FX forwards to express that balance. With the bank having lifted rates to 40% from 8.5% since June, Amundi thinks another hike next month could finish the job.
Persons: Sarah Meyssonnier, Sergei Strigo, Amundi's, Strigo, Tayyip Erdogan, Amundi, Goldman Sachs, Erdogan, sceptics, Central Bank Governor Hafize Gaye Erkan, Marc Jones, Karin Strohecker, Jonathan Spicer, Susan Fenton Organizations: REUTERS, Reuters, Investment, JPMorgan, FX, Graphics, Central Bank Governor, Reuters Graphics Reuters, Thomson Locations: Paris, France, Turkey, Turkish, New York, London, Istanbul
A logo of Amundi is seen outside the company headquarters in Paris, France, February 3, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - Amundi, Europe's largest asset manager, has started dipping its toe back into the Turkish lira it says having been impressed by the country's turnaround efforts since its mid-year elections. "We have started to cover our underweight in Turkish lira a few weeks ago," Sergei Strigo, Amundi's co-Head of Emerging Markets Fixed Income, told Reuters, referring to the process of taking a more positive view on the currency. "We are not yet ready to increase the allocation (in the lira) but it is definitely on our radar screen." Additional reporting by Karin Strohecker in London and Jonathan Spicer in Istanbul; editing by Elisa MartinuzziOur Standards: The Thomson Reuters Trust Principles.
Persons: Sarah Meyssonnier, Sergei Strigo, Amundi's, Strigo, Karin Strohecker, Jonathan Spicer, Elisa Martinuzzi Organizations: REUTERS, Reuters, Thomson Locations: Paris, France, Turkey, London, Istanbul
NEW YORK, Feb 15 (Reuters) - India's Adani Group and two of its main subsidiaries caught up in a short-selling storm in recent weeks are to hold calls with bond investors on Feb. 16 and Feb. 21, according to a document seen by Reuters. The planned calls follow a long-awaited credit report issued by the Indian conglomerate earlier this week that said its companies faced no material refinancing risk, or near-term liquidity issues. According to the document sent to investors the call on Thursday for Adani Group will be attended by its Chief Financial Officer (CFO) Jugeshinder Singh and head of Group Corporate Finance Anupam Misra. An Adani Green Energy call also on Thursday will involve its CFO Phuntsok Wangyal, and an Adani Transmission call next week will be attended by its CFO Rohit Soni and CFO of Adani Electricity Kunjal Mehta. Rating agencies S&P Global and Moody's this month revised their outlooks to negative from stable for some of the group's companies, while index provider MSCI said it would cut the weightings of some Adani companies in its stock indexes.
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