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Top related persons:
Frank Gill - 2 David Evans - 2 Rodrigo Campos - 1 Goldman Sachs - 1 Ulrich Leuchtmann - 1 Hasnain Malik - 1 Erdogan - 1 Tellimer's Malik - 1
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Turkey United States Europe East Africa Ukraine Ethiopia Kenya
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P Global - 2 Thomson - 2 Federal - 1 Wall - 1 JPMorgan - 1 FX - 1 Reuters Graphics Reuters - 1 International Monetary Fund - 1

Search resuls for: "Frank Gill"


3 mentions found


☆ EMEA credit rating trends see bright spots - S&P
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +2 min
The Nigerian and Turkish governments are adjusting their monetary policy settings in a way that S&P says could help them rebuild foreign-exchange reserves and stop the population from dollarizing their savings. Despite the "bright spots" S&P acknowledges, the outlook balance among the 55 countries in their EMEA universe remains the same as a year ago. There are seven countries with negative outlook and four with a positive one, from six and three respectively in June 2022. All negative outlooks, Ethiopia, Kenya, Nigeria, Turkey, Uganda, and Ukraine are rated 'B' or below by S&P. Reporting by Rodrigo Campos; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: Frank Gill, Rodrigo Campos, David Evans Organizations: P Global, Federal, Thomson Locations: United States, Europe, East, Africa, Ukraine, Ethiopia, Kenya, Nigeria, Turkey, Uganda, Russia, Egypt
☆ TRYing times: The slide and fall of the Turkish lira
  + stars: | 2023-06-07 | by ( Marc Jones | ) www.reuters.com   time to read: +5 min
The central bank is however widely expected to get a new head in the coming days. Turkey's economy is no stranger to boom-and-bust cycles, oscillating between double-digit growth and contraction rates in recent years. 3/INFLATION PALPITATIONSA tumbling lira will fan fears over a fresh spike in inflation in the country which only last year saw it top 80%. "It's just so inevitable," Abrdn's head of local currency emerging market debt, Kieren Curtis, said referring to the lira's slump this week. He did add however that the compensation would be paid to depositors in lira rather than dollars or euros and that bill would be split between the Treasury and Central Bank.
Persons: Goldman Sachs, Ulrich Leuchtmann, Hasnain Malik, Erdogan, Tellimer's Malik, Kieren Curtis, Frank Gill, Tayyip Erdogan's, Karin Strohecker, David Evans Organizations: Wall, JPMorgan, FX, Reuters Graphics Reuters, International Monetary Fund, P Global, Treasury, Central Bank, Reuters, Thomson Locations: Ankara, Turkey, Commerzbank, Frankfurt, Tellimer
☆ China-driven growth seen helping emerging assets despite bank worries
  + stars: | 2023-03-30 | by ( Duncan Miriri | ) www.reuters.com   time to read: +4 min
LONDON, March 30 (Reuters) - Stronger Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets in the United States and Europe are whipped around by banking turmoil. "The growth premium in favour of emerging markets driven by China is clearly even more confirmed," Alessia Berardi, head of emerging markets (EM) research at Amundi, Europe's biggest asset manager, told Reuters. Analysts expect high interest rates, inflation and stress among some financial institutions to dampen growth in developed markets like the United States. "We prefer income in emerging markets debt with central banks closer to turning to cuts than developed markets, even with potential currency risks," it said in a research note. Local EM bonds have seen a return of 3.3% in the month-to-date (.JGEGDCM), compared to a 3.1% gain in U.S. 10-year Treasuries.
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