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Ashmore


News

Turkish lira slips as inflation jumps above interest rate

* Turkish inflation at 19.25%, more than estimates of 18.7% * Turkey cenbank will likely hold rate this month - analyst * Chinese, Russian service PMIs fall, India's rises * EM shares inch toward 6-week highs; eyes on US payrolls data By Susan Mathew Sept 3 (Reuters) - Turkey's lira fell up to 0.8% on Friday after inflation jumped more than expecte
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Energy, pharma stocks drag FTSE 100 lower; dismal service activity data

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Discoverie Group rises after upsizing equity raise * Sanne Group falls after Cinven steps back from bidding war * UK economic recovery slows down as supply chain issues weigh * FTSE 100 down 0.4%, FTSE 250 off 0.1% (Updates to close) By De
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UK Stocks-Factors to watch on Sept 3

Sept 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 point lower on Friday, according to financial bookmakers. * JOBS: Employers in Britain are still hunting for more recruits than they were just before the pandemic, according to a survey which added to signs of a tight labour market following the COVID-19 lockdowns and Brexit. * SHE
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Ashmore Group returns hit by China debt exposure, says Credit Suisse

By Tom Arnold and Joice Alves LONDON, Aug 6 (Reuters) - Ashmore Group's ASHM.L exposure to Chinese debt is dragging down its returns, Credit Suisse said in a note on Friday as it lowered its price target on the emerging market specialist, sending its share price down almost 4% in early trade. Worries about debt woes at developer China Evergrande Gr
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UK Stocks-Factors to watch on July 14

July 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points lower at 7,120 on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.2%. * ASTRAZENECA: Britain's competition regulator said it has cleared AstraZeneca's AZN.L $39 billion buyout of U.S.-based Alexion ALXN.O after it decided not to initiate a broader pr
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UK Stocks-Factors to watch on July 14

July 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points lower at 7,120 on Wednesday, according to financial bookmakers. * GO-AHEAD: Go-Ahead GOG.L will withdraw diesel buses and further electrify its rail fleet as part of efforts to become carbon neutral by 2045, the British company said. * VECTURA: British Business Minister Kwa
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Mexican peso shines after president loses some lustre in mid-term vote

LONDON, June 7 (Reuters) - Mexico's peso strengthened to a near-one week high on Monday after mid-term elections confirmed President Andres Manuel Lopez Obrador's MORENA party as the strongest force in the country, but with a reduced majority. Markets had been watching out for Lopez Obrador retaining or extending his party's super-majority, which w
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Chile markets plunge after government hammered in constitution vote

By Dave Sherwood and Karin Strohecker SANTIAGO/LONDON, May 17 (Reuters) - Chile's markets plunged on Monday after voters propelled leftist and independent groups to victory in an election over who will draft a planned new constitution, a major blow to the center-right ruling coalition that fared far worse than expected. The copper-producing country
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Ashmore's assets down by 3% as market volatility hits performance

LONDON, April 16 (Reuters) - Ashmore Group ASHM.L said on Friday that its assets under management fell by $3.1 billion during the first three months of 2021, as market volatility hurt performance. The UK-listed emerging markets-focused investment group said its AUM dropped to $89.9 billion in the three months to March 31 from $93 billion in the pri
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UK Stocks-Factors to watch on April 16

April 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.2% ahead of market open. * OCADO: Ocado OCDO.L said it would invest 10 million pounds in autonomous vehicle software company Oxbotica as part of a partnership that aims to reduce the cost of last-mile delivery and other logistics. * GRAFTON
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Ashmore's assets down by 3% as market volatility hits performance

LONDON, April 16 (Reuters) - Ashmore Group ASHM.L said on Friday that its assets under management fell by $3.1 billion during the first three months of 2021, as market volatility hurt performance. The UK-listed emerging markets-focused investment group said its AUM dropped to $89.9 billion in the three months to March 31 from $93 billion in the pri
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UK Stocks-Factors to watch on April 16

April 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening steady on Friday, with futures FFIc1 marginally down 0.01%. * GLOBALWORTH: A top executive at German real estate company Aroundtown AT1.DE said its proposed 1.57 billion euro takeover bid, made with partner CPI Property O5G.DE , for Globalworth Real Estate GWI.L was attractive for
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Fund manager Ashmore snaps up Brazil, China local currency bonds

By Tom Arnold LONDON, April 9 (Reuters) - Fund manager Ashmore Group ASHM.L has bought Brazilian and Chinese local currency bonds as it remains focused on broader emerging market local debt, betting on strong performance during 2021. Brazilian markets have had a tough start to 2021, with local currency bonds selling off by around 170 basis points a
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Politically correct? Bond market steers clear of judgment calls

By Simon Jessop, Tom Arnold and Karin Strohecker LONDON, March 23 (Reuters) - When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors would be turned off and the kingdom's debt would take a beating. His fund Horatius Capital made a bet worth millions of dollars through credit default
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Ashmore nets rebound in institutional client flows

By Tom Arnold LONDON, Feb 10 (Reuters) - Ashmore Group ASHM.L netted positive flows from institutional clients for the first time since the COVID-19 crisis in the six months to the end of 2020 as a recovery in emerging markets helped the fund manager deliver a 14% rise in pretax profit. The emerging markets investment firm was hit by outflows and m
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UK Stocks-Factors to watch on Feb. 10

Feb 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 41 points higher at 6,572 on Wednesday, according to financial bookmakers. * TESCO: Tesco TSCO.L shareholders will vote on a resolution at this year's annual meeting calling for Britain's biggest food retailer to set targets to increase the proportion of healthy products it sells. *
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A rally in emerging markets lifts Ashmore assets 9%, shares gain

LONDON, Jan 15 (Reuters) - A strong rally in emerging market assets, especially equities, helped lift assets under management (AUM) at money manager Ashmore ASHM.L by 9% in the last quarter of 2020, the group said on Friday. The UK-listed emerging markets-focused investment group said its AUM increased by $7.5 billion between September and December
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UK Stocks-Factors to watch on Jan 15

Jan 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 3 points lower at 6,799 on Friday, according to financial bookmakers, with futures FFIc1 down 0.34% ahead of cash market open. * BRITISH AMERICAN TOBACCO: British American Tobacco BATS.L said the UK's Serious Fraud Office had closed an investigation into suspicions of corruption by t
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UK Stocks-Factors to watch on Jan. 15

Jan 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 3 points lower at 6,799 on Friday, according to financial bookmakers. * ENTAIN: Entain Plc ENT.L is in advanced talks to appoint Jette Nygaard-Andersen as its next chief executive, Sky News reported on Thursday. * RIO TINTO: A U.S. judge denied a request by Native Americans to block
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Ashmore Group sees buying opportunity in EM debt in case of disputed U.S. vote

By Tom Arnold LONDON, Oct 26 (Reuters) - Ashmore Group ASHM.L is setting aside some money to snap up emerging market local currency debt in a potential sell-off in risk assets in the event of a contested U.S. election result, an executive at the investment manager told Reuters. Many market participants have been pricing in the chances of victory fo
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