Latest news with #SocieteGenerale
Yahoo
12 hours ago
- Business
- Yahoo
Helrom secures $44m green loan to boost sustainable rail freight
Helrom, a German rail freight transportation and technology company, has finalised a €32.9m ($44.3m) green loan facility with Societe Generale and DAL Deutsche Anlagen-Leasing to support its growth and market development. The financing, provided on a 50/50 basis by Deutsche Leasing Finance and Societe Generale, reinforces Helrom's role in decarbonising rail freight supply chains. This deal follows a similar €34.5m ($46.4m) loan agreement in June 2023, also split equally between Deutsche Leasing Finance and Societe Generale, with identical structuring and terms. The new funding will enable Helrom to acquire approximately 120 trailer wagons, expanding its transportation capacity. Furthermore, this investment aligns with the company's goal of achieving net-zero transportation and advancing its environmental, social, and governance (ESG) principles. DAL Deutsche Anlagen-Leasing transportation and logistics head Gerald Wiencke said: 'By providing this tailored financing solution in partnership with Deutsche Leasing Finance and Societe Generale, we are continuing our successful collaboration with Helrom and supporting them in pursuing their next phase of growth. 'This transaction reflects our strategic objective of enabling the transition to low-emission logistics, and we are pleased to assist companies like Helrom in decarbonising supply chains through structured, long-term financing solutions.' Secured under favourable terms in a challenging market, the seven-year asset-based finance facility serves as a platform for Helrom's future financing initiatives. The loan adheres to the Loan Market Association's standards and 'Green Loan Principles'. Helrom CFO Dr Matthias Herrmann said: 'We are delighted to have agreed another debt financing with our two great financing partners Societe Generale and DAL. 'We are particularly proud that we were able to present this loan as first green loan for Helrom. This loan will finance our Helrom trailer wagons for the next six trains.' Helrom operates rail freight connections for truck semitrailers between Germany, Austria, Hungary, and Italy through its HELROM Trailer Rail service, contributing to CO2-neutral freight transport. "Helrom secures $44m green loan to boost sustainable rail freight" was originally created and published by Railway Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
15 hours ago
- Business
- Reuters
HEDGE FLOW Hedge fund investors want managers who trade macro, says SocGen survey
LONDON, May 30 (Reuters) - Hedge funds that trade on big macroeconomic market swings have become a top pick for investors, according to a Societe Generale ( opens new tab survey of 322 firms, against a backdrop of global markets roiled by tariff uncertainty and stop-start trade wars. Half of the respondents polled said they would consider putting their money into discretionary global macro hedge funds in the next 12 months, the SocGen survey conducted between November 2024 and May 15 showed. The private survey was sent to investors on Wednesday and was seen by Reuters on Friday. The number of respondents expressing interest in putting money into macro hedge funds rose by around 9% compared with the bank's last survey in autumn 2024, the report said. According to hedge fund research firm PivotalPath, global discretionary macro managers, not using systematic trading to come up with trade ideas, posted a return of around 7% on investment through April in 2025, compared with a flat performance by the wider universe of hedge funds. Investor interest in equity market-neutral funds also grew roughly 10% since SocGen's autumn survey, the report showed. These hedge funds trade a balance of stocks, trying to maintain a portfolio which neither positions them long nor short stock markets as a whole. A short bet expects an asset value to decline. While global macro hedge funds taking discretionary bets often top this survey, the investors queried by SocGen expressed their highest enthusiasm for the strategy in two years, the bank data showed. Crypto hedge funds garnered the least intent to invest from those surveyed, with just 6% of investors wishing to allocate to the strategy, the lowest proportion in two years. Interest in multi-strategy hedge funds ticked up, with roughly around a third of investors surveyed interested in systematic and fundamental multi-strategy funds, up 5% and 4% respectively since the same time last year. Multi-strategy hedge funds trade many different kinds of markets under one brand.
Zawya
17 hours ago
- Business
- Zawya
Sterling set for fourth monthly rise against a weakened dollar
Sterling held steady on Friday, set for its fourth month in a row of gains against the dollar, as recent favourable economic data support Britain's currency just as worries over U.S. tariffs and high debt weigh on the greenback. "Sterling looks well supported," said Kit Juckes, chief FX strategist at Societe Generale, pointing to "reasonably good" data trends. Sterling was last trading at $1.3472, little changed on the day and down around 0.5% on the week after gaining about 2% last week. That leaves the pound set to end May with a gain of around 1%, which would mark a fourth straight month of increases against a weakened greenback. It last recorded four consecutive monthly gains against the dollar in 2022. The dollar, meanwhile, was en route to its fifth-straight monthly decline on Friday, as further uncertainty around trade policy and U.S. fiscal health weighed. Sterling rose around 0.25% to 84.06 pence per euro. Still, it was set for its first week of declines after six weeks of increases as gains seen after UK retail sales and inflation numbers last week and optimism around Britain's trade deals with the U.S. and India faded. Last week's stronger than expected UK inflation print caused markets to do away with bets for a rate cut at the Bank of England's policy meeting in June, with about 97% of traders now anticipating that the central bank will hold rates after a cut by 0.25 percentage points to 4.25% in May. "The economy has not got the legs to justify a significant strengthening (of the pound) from here," Juckes said. "I just think it's going to frustrate all the bears, left, right, and centre." Further out, traders looked ahead to a multi-year spending review by finance minister Rachel Reeves on June 11, with the government facing the challenging task of boosting economic growth while limiting spending and tax increases as it has pledged. (Reporting by Linda Pasquini. Editing by Dhara Ranasinghe and Mark Potter)
Reuters
17 hours ago
- Business
- Reuters
Sterling set for fourth monthly rise against a weakened dollar
May 30 (Reuters) - Sterling held steady on Friday, set for its fourth month in a row of gains against the dollar, as recent favourable economic data support Britain's currency just as worries over U.S. tariffs and high debt weigh on the greenback. "Sterling looks well supported," said Kit Juckes, chief FX strategist at Societe Generale, pointing to "reasonably good" data trends. Sterling was last trading at $1.3472 , little changed on the day and down around 0.5% on the week after gaining about 2% last week. That leaves the pound set to end May with a gain of around 1%, which would mark a fourth straight month of increases against a weakened greenback. It last recorded four consecutive monthly gains against the dollar in 2022. The dollar, meanwhile, was en route to its fifth-straight monthly decline on Friday, as further uncertainty around trade policy and U.S. fiscal health weighed. Sterling rose around 0.25% to 84.06 pence per euro. Still, it was set for its first week of declines after six weeks of increases as gains seen after UK retail sales and inflation numbers last week and optimism around Britain's trade deals with the U.S. and India faded. Last week's stronger than expected UK inflation print caused markets to do away with bets for a rate cut at the Bank of England's policy meeting in June, with about 97% of traders now anticipating that the central bank will hold rates after a cut by 0.25 percentage points to 4.25% in May. "The economy has not got the legs to justify a significant strengthening (of the pound) from here," Juckes said. "I just think it's going to frustrate all the bears, left, right, and centre." Further out, traders looked ahead to a multi-year spending review by finance minister Rachel Reeves on June 11, with the government facing the challenging task of boosting economic growth while limiting spending and tax increases as it has pledged.
Zawya
18 hours ago
- Business
- Zawya
Dollar set for fifth monthly drop on trade, fiscal uncertainty
SINGAPORE/GDANSK - The U.S. dollar wobbled on Friday en route to its fifth-straight monthly decline as traders braced for further uncertainty around trade policy and U.S. fiscal health, while awaiting pivotal inflation reports later in the day. The greenback had a choppy week, ending lower in the previous session after a federal court temporarily reinstated the most sweeping of President Donald Trump's tariffs, just a day after another court had ordered an immediate block on them. Trump said on Thursday he hoped the Supreme Court would overturn the trade court's decision, while officials also indicated that they could employ other presidential powers to ensure the tariffs take effect. The uncertainty around tariffs has exerted a vice-like grip on markets as investors flee U.S. assets in a search for alternatives, worried that Trump's erratic policies could challenge the strength and outperformance of U.S. markets. "The news is making the U.S. a less attractive place for foreign investors to go," said Kit Juckes, chief FX strategist at Societe Generale. This will not stop money from flowing there, Juckes said, but investors will be looking for more attractive incentives such as a slightly weaker currency or high yields. On Friday, the euro was slightly lower at $1.1331, ahead of German inflation data for May while the Swiss franc was little changed at 0.8243 per dollar. The U.S. currency, though, was set for monthly declines against the Swiss franc, the euro and the pound. Thursday's weekly jobless claims and economic growth data did little to placate worries of a U.S. economic downturn. Investor focus will be on the Federal Reserve's preferred inflation data - the personal consumption expenditure (PCE) report - later on Friday. Worries about fiscal debt levels in developed economies, highlighted by weak appetite for freshly issued, longer-dated credit in the U.S. and in Japan, have also weighed. The dollar index, which tracks the U.S. unit against a basket of six other currencies, was 0.3% higher at 99.56. The index was set for a decline of 0.10% in May, its fifth straight month in the red. On the flip side, markets have taken note of emerging market assets. An index tracking emerging market currencies has gained about 2% for the month - its biggest one-month rise since November 2023. INFLATION WATCH The Japanese yen was little changed at 144.05 per dollar after data showed underlying inflation in Tokyo hit a more than two-year high in May, keeping alive the chances of further interest rate hikes from the Bank of Japan. "The BOJ is in a difficult position," said Min Joo Kang, senior economist at ING. "Inflationary pressures remain hot, while the economic recovery remains fragile - and facing strong headwinds from U.S. tariffs." However, the yen is on track for its first monthly decline against the dollar this year. Markets are also on the lookout for clues on highly anticipated trade deals as the Trump-mandated July 9 deadline for implementation of tariffs draws near. The U.S. PCE data is likely to show that inflation rose 2.2% in April, according to economists polled by Reuters, compared with a 2.3% increase in March. The Fed tracks the PCE price measures for its 2% inflation target. Economists are forecasting a surge in inflation this year as the Trump administration's import duties raise the cost of goods. "The danger is the next piece of news on, for example, the tariff impact on import prices", which however would come later in the year, Juckes said. Elsewhere, the Australian dollar slid to $0.6421, while the New Zealand dollar was last bought at $0.5961.
