Iran awaits investment dividend post-nuclear sanctions - FT.com:
"When more than 300 German companies visited Iran last month, their interest in the Islamic Republic stretched across myriad sectors, from machinery and healthcare, to the auto industry and energy.
They were just the latest batch of European, Asian and other foreign companies that have beaten a path to Iran since the lifting of sanctions as they look to tap into the potential of the oil-producing nation and its 78m population. But while provisional agreements worth billions of dollars have been reached, there is mounting frustration in Iran that they have yet to materialise into completed deals on the ground."
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Saturday, 18 June 2016
Turbulent Turkey funds depleted by 60% - FT.com
Turbulent Turkey funds depleted by 60% - FT.com:
"The assets of the two largest funds focused on the Turkish stock market have fallen more than 60 per cent since their 2013 peak, after years of turbulence at home and abroad for the $800bn economy.
The assets under management of HSBC Global Investment’s Turkey fund have dropped by more than two-thirds to $130m, while the country-focused fund of East Capital, the emerging-market specialist, has lost more than 80 per cent, falling to $110m, according to the companies."
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"The assets of the two largest funds focused on the Turkish stock market have fallen more than 60 per cent since their 2013 peak, after years of turbulence at home and abroad for the $800bn economy.
The assets under management of HSBC Global Investment’s Turkey fund have dropped by more than two-thirds to $130m, while the country-focused fund of East Capital, the emerging-market specialist, has lost more than 80 per cent, falling to $110m, according to the companies."
'via Blog this'
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