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Sri Lanka to unveil debt restructuring plan to creditors

By Uditha Jayasinghe COLOMBO, Sept 23 (Reuters) - Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring billions of dollars of its debt and share plans to tackle the island's worst economic crisis in more than seven decades. The success of the restructuring process is critical for the nation of 22 million to secure final approval for a $2.9 billion loan from the International Monetary Fund and subsequent financing from other
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UK Stocks-Factors to watch on Sept 2

Sept 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher, with futures FFIc1 up 0.30% on Friday. * SHELL: Shell SHEL.L has shortlisted four candidates to succeed Chief Executive Ben van Beurden who is preparing to step down next year after nearly a decade at the helm of the giant energy firm, two company sources told Reuters. * AVAST: Britain's competition regulator finally cleared NortonLifeLock's NLOK.O acquisition of British rival Avast AVST.L , saying the security software ma
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Advisers seek role with creditors for $12 bln Sri Lanka debt revamp

By Jorgelina do Rosario and Rodrigo Campos April 22 (Reuters) - Ayres Investment Management LLP, DecisionBoundaries LLC and Perella Weinberg LP are among firms seeking to provide financial advice to Sri Lanka's creditors, sources said, as the country heads towards a revamp of its $12 billion of external debt. Some bondholders are weighing their options after the South Asian island nation unilaterally suspended external debt payments ten days ago, four sources familiar with the situation said, as
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Ashmore sees $9 bln AUM drop as Ukraine crisis sparks outflows, hits markets

April 14 (Reuters) - Emerging markets investment firm Ashmore Group Plc ASHM.L on Thursday reported a drop of $9 billion in assets under management for the quarter to end-March, hit by a double whammy of outflows and lower market levels amid the war in Ukraine. Ashmore said assets under management fell due to net outflows of $3.7 billion in equities and fixed income as well as a negative investment performance of $5.0 billion.
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UK Stocks-Factors to watch on April 14

April 14 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Thursday, with futures FFIc1 up 0.3%. * DUNELM GROUP: Dunelm DNLM.L said on Thursday its total sales jumped in the third quarter, as the British homeware retailer benefited from the reopening of stores after coronavirus curbs were eased. * HAYS: British recruitment agency Hays Plc HAYS.L said on Thursday it would take a one-time hit of about 5 million pounds ($6.57 million) for costs related to exiting Russian operatio
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