DIRS.INFO The most relevant business & tech news

☆ Red Lobster cleared to exit Chapter 11 bankruptcy protection
▼ + stars: | 2024-09-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

The exterior of a Red Lobster restaurant in Austin, Texas, on May 20, 2024. A bankruptcy court approved Red Lobster's plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy. Red Lobster had struggled with increased competition, expensive leases, last year's disastrous shrimp promotion and a broader pullback in consumer spending. Current CEO Jonathan Tibus, who led the company through bankruptcy, will leave Red Lobster. "This is a great day for Red Lobster," Adamolekun said in a statement.

Persons: Damola Adamolekun, Jonathan Tibus, Adamolekun Organizations: Investor Holdings, Holdings, TCW, Fortress Investment Group Locations: Austin , Texas, Canada

☆ Analysis: Investors lament lost opportunity after unconvincing Turkish rate hike
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Murad Sezer/IllustrationLONDON, June 23 (Reuters) - Foreign investors hoping for a game-changing rate hike from Turkey's newly appointed central bank chief said Thursday's disappointing move to a key rate of just 15% could keep some money on the sidelines. "They lost one perfect chance to demonstrate that they mean business," said Viktor Szabo, emerging markets investment director with Abrdn. But analysts said that after Thursday's decision, Erkan and Simsek would need to work even harder to prove the country had indeed shifted course. Already in the week to June 16, foreign investor holdings of Turkish government bonds had fallen by $16.2 million. "I don't think investors will throw in the towel just yet because I think there is still expectation there is more to come in the coming months," said Kaan Nazli, portfolio manager at Neuberger Berman.

Persons: Murad Sezer, Thursday's, Hafize Gaye Erkan, Viktor Szabo, Abrdn, it's, It's, Tayyip Erdogan, Mehmet Simsek, Eric Fine, Marek Drimal, Simsek, Dan Wood, William Blair, Fitch, Erdogan, Erkan, Kaan, Neuberger Berman, Karin Strohecker, Marc Jones, Toby Chopra Organizations: REUTERS, Societe Generale, Thomson Locations: Istanbul, Turkey, VanEck

☆ Russia recommends investors convert FX bonds amid asset freeze
▼ + stars: | 2023-01-31 | by ( Elena Fabrichnaya | ) www.reuters.com time to read: +2 min

MOSCOW, Jan 31 (Reuters) - Russia's central bank recommended on Tuesday that retail investors convert their foreign currency Eurobonds into local "replacement bonds" as 5.7 trillion roubles ($81 billion) of investor holdings remain frozen by Western sanctions. Several major Russian companies, including state-run gas giant Gazprom (GAZP.MM) and oil firm Lukoil (LKOH.MM), have substituted their Eurobonds in this way. At the moment, investors who hold Eurobonds issued by Russian companies are blocked from receiving payments. By switching to replacement bonds, retail investors will be able to unlock these assets, Shishlyannikova said. Shishlyannikova added that 20% of the 5.7 trillion roubles of investor holdings blocked in foreign infrastructure belonged to retail investors.

☆ Factbox: Russian gold taken out of exchange-traded fund stockpiles
▼ + stars: | 2022-12-21 | by ( Peter Hobson | ) www.reuters.com time to read: +4 min

In an analysis about investors shunning Russian gold, Reuters examined lists of gold bars owned by eleven large funds. By late November, the proportion of Russian gold in the stockpiles of eight had fallen. SPDR Gold MiniShares, whose gold is stored by ICBC Standard, saw an almost 50% fall in the amount of Russian gold it holds. Russian gold bars refined before March 7 this year are still eligible to own and trade, it said. GRANITESHARESGraniteShares said it did not distinguish between different brands of good delivery gold including pre-war Russian gold, and that it had not asked its custodian, ICBC Standard, to reduce its holdings of Russian bullion.

Search resuls for: "Investor Holdings"

4 mentions found