DoubleLine’s Gundlach bullish on Asian emerging market stocks, neutral on bitcoin

By David Randall NEW YORK (Reuters) – Jeffrey Gundlach, the billionaire chief executive of investment firm DoubleLine Capital, said on Tuesday he is bullish on Asian emerging market stocks and neutral on bitcoin given the volatility of the cryptocurrency. Gundlach, whose Los Angeles-based firm manages more than $ 140 billion in assets, said valuations across […]

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Emerging Markets Could Still Win With Biden Without Blue Wave

Emerging Markets Could Still Win With Biden Without Blue Wave (Bloomberg) — A Joe Biden presidency, checked by a Republican-controlled Senate, may be just what emerging market investors are looking for. While the Democrat is seen pursuing policies conducive to trade and the environment, a divided Congress may stop him from firing a fiscal bazooka. […]

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BlackRock’s Fink ‘pretty bearish’ on emerging markets

© Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York NEW YORK (Reuters) – BlackRock (NYSE:) CEO Larry Fink said on Friday he believes emerging markets are on a downward slide as he sees strong macro trends weighing on the asset class. “I am pretty bearish on the emerging […]

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Emerging currencies set for biggest underperformance in more than a decade

By Saikat Chatterjee LONDON (Reuters) – The performance gap between emerging market currencies and their developed peers has blown out to its widest level in more than a decade as falling interest rates, an uncertain economic outlook and sizeable outflows curb investor appetite. A group of 10 major emerging currencies – including the , the […]

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Iraq emerging as OPEC’s main laggard in making record output cut: sources

2/2 © Reuters. FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) seen outside its headquarters in Vienna 2/2 By Ahmed Rasheed, Alex Lawler and Ahmad Ghaddar BAGHDAD/LONDON (Reuters) – Iraq has yet to inform its regular oil buyers of cuts to its exports, suggesting it is struggling to fully implement […]

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American Airlines posts first quarterly loss since emerging from bankruptcy

© Reuters. American Airlines jets sit at gates at Washington’s Reagan National airport in Washington (Reuters) – American Airlines (O:) on Thursday posted a $ 1.1 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a cash burn of about $ 70 million a day in the second […]

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Emerging market bond funds suffered disproportionately in past month

© Reuters. People stand next an electronic display at B3 Brazilian Stock Exchange after an automatic circuit breaker was triggered this morning, in Sao Paulo (Reuters) – Emerging market bond funds are performing poorly compared with their global peers as investors rush into the safety of cash and money markets to shield themselves from a […]

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Saudi Arabia Wins Emerging Status in Quest for Billions

© Bloomberg. The Kingdom Tower, operated by Kingdom Holding Co., right, stands on the skyline above the King Fahd highway in Riyadh, Saudi Arabia. (Bloomberg) — Saudi Arabia won classification as an emerging market by a major index compiler for the first time, a key step toward the kingdom’s goal of attracting billions in additional […]

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