Gero Jung -
Though China’s activity data have been slowing in the second quarter, we remain positive on the outlook for the second semester. Outflows have been limited despite the depreciation of the yuan, which should compensate for the implementation of trade tariffs. The 25% duties on an additional $16bn of Chinese exports… Read More »
The US equity fund is designed to capture the rapid growth of emerging companies that are benefiting from the economic transformation brought about by disruptive business models in the US. The Fund is a high conviction, long-only equity fund that will typically invest in 30 companies across the mid-cap space.… Read More »
The recent and not so recent turmoil in Emerging Markets (EM) can be considered as normal if one is willing to see the United States as an “exceptional” country. The currencies of Cuba and Venezuela have been languishing along with the Russian ruble that has been under attack for years.… Read More »
Whilst the headlines focus on the political rhetoric, in many respects this is an old fashioned Emerging market crisis prompted by a ballooning of external debt at both the public and private level. In the near term, the sharp depreciation in the Turkish Lira, the worsening relationship with USA and… Read More »
Venezuela is in crisis. Its economic activity is collapsing, its inflation rate is skyrocketing and the value of its currency is falling like a stone. People are leaving the country as soon as possible as they perceive that there is no future. People are starving. The average weight of the… Read More »
Luxcara, one of Europe’s leading asset managers for renewable energy investments, will build the solar project El Salobral with Grupotec Servicios Avanzados S.A. as EPC contractor. Grupotec has more than 20 years of experience in the renewable energy sector and has built more than 600 MW in solar projects. The… Read More »
A combination of domestic political and policy uncertainty alongside a diplomatic dispute with the US has contributed the latest sell-off in Turkish assets: Politics Turkey has been in a state of emergency since an attempted military coup in July 2016. In April, President Recep Tayyip Erdogan announced parliamentary and presidential… Read More »
HDI Global SE sustained its growth trajectory in the first half of 2018 with a sharp rise in premium income. Gross written premiums increased by 3.7 percent to EUR 2.9 billion after EUR 2.8 billion in the corresponding period of the previous year. Growth in the local currencies stood at… Read More »
DARAG, the leading legacy acquirer, today announces that James Halley has been appointed Group CFO, effective 3rd September and pending regulatory approval. Halley’s appointment is part of an ongoing strategic upscaling. It follows the appointment of Tom Booth as CEO and the completion of a €U260m capital raise, with Aleph… Read More »
Philippe Waechter -
The sell-off on the Turkish lira continues. The exchange rate against the dollar was above seven (7.2 in Asia) last night, it it now at 6.85 (just before 0400 pm, Paris time today) while it was at just 5.15 a week ago. The graph is impressive and shows that the… Read More »
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