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UniCredit seeks better terms on Amundi deal

Bloomberg UniCredit SpA is seeking to renegotiate a five-year-old deal with Amundi SA to distribute asset management products, in a further sign of Chief Executive Officer Andrea Orcel’s drive to reshape Italy’s second-largest lender. Orcel aims to improve the terms of an accord stemming from the purchase by the French asset manager of UniCredit’s Pioneer Global Asset Management unit that’s ...

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Sri Lanka central bank chief quits amid reserves crisis

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Bloomberg Central Bank of Sri Lanka Governor Weligamage Don Lakshman will step down on September 14 as the nation faces a deepening forex crisis that threatens its ability to import goods and service debt. His announcement comes as the South Asian island nation faces dwindling reserves and revenues, looming debt repayments and struggles with an extended lockdown to stem record ...

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Foreign traders set to buy most stocks since Abenomics heyday

Bloomberg Foreign investors are set to buy the most Japanese stocks since the heyday of Abenomics after Prime Minister Yoshihide Suga’s shock resignation put Japan back in the headlines. Fund managers and strategists from JPMorgan Securities Japan Co, Baillie Gifford & Co and BNP Paribas Asset Management are among a string of investors who say they’re becoming more positive on ...

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