Emerging markets

Deutsche Bank picks the currencies that could soon hit new highs on vaccine breakthroughs

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Small bottles labeled with a “Vaccine COVID-19” sticker and a medical syringe are seen in this illustration taken taken April 10, 2020. Dado Ruvic | Reuters Several emerging market currencies could hit fresh highs before the end of 2020 due to the optimism surrounding coronavirus vaccines, according to new research from Deutsche Bank. The German … Read more

Emirates eyes return to profitability in 2022 as new travel corridors open

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An Emirates Airbus 380-800 about to land. Fabrizio Gandolfo | SOPA Images | LightRocket | Getty Images Emirates expects to return to profitability in the next two years, as new travel corridors open and the global aviation industry attempts to rebound from the worst crisis in its history.  “I believe that within the next 18 … Read more

Tropical storm Eta strikes Florida Keys, expected to become hurricane

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A woman crosses the street during a heavy rain and wind as tropical storm Eta approaches south of Florida, in Miami, Florida on November 8, 2020. Chandan Khanna | AFP | Getty Images A strengthening Tropical Storm Eta made landfall on Florida’s Lower Matecumbe Key on Sunday night, days after leaving scores of dead and … Read more

Aramco’s net profit drops 45% in the third quarter

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Oil tanks at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS via Getty Images Saudi Aramco’s net profit fell 44.6% in the third quarter of 2020 compared to the same period last year, reflecting continued damage to oil demand … Read more

Lebanon’s prime minister-designate steps down after failing to form cabinet

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Lebanese Prime Minister Mustapha Adib, wearing a protective face masks, arrives to meet with the French President at the Presidential palace in Baabda east of the Lebanese capital Beirut on September 1, 2020. GONZALO FUENTES | POOL | AFP via Getty Images Lebanon’s prime minister-designate quit on Saturday after almost a month of efforts to … Read more

Jim Rogers on why market wants to have Trump back as US President

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One of the world’s best known investment gurus, Jim Rogers expects Donald Trump to win a second term at the upcoming US elections, and believes markets will be happier if he is re-elected as the President. Rogers is bullish on gold and silver, and believes the precious metals will record new highs. Which party’s win … Read more

Old economy stocks could be next year’s story: Jonathan Schiessl

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It is probably worthwhile having a barbell approach in the pharma sector with mainly largecap names and maybe one or two smaller ones as well, says the Global Investment Strategist. How are you looking at the overall sentiment for the emerging markets and in particular for India? The mid and the smallcaps too have been … Read more

We are more constructive on EMs and Asia in particular: Manulife Investment Management

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I remain cautiously optimistic and I believe that dips potentially present themselves as buying opportunities, says Luke Browne, Head-Asset Allocation, APAC. What are your views on some of the risks which may be emerging at the horizon globally? Right now, tech stocks got a bit corrected and everybody got scared. What are your thoughts on … Read more

India passes Brazil, becomes second worst-hit country as coronavirus cases top 4.2 million

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A health worker takes a swab sample from a man for coronavirus testing, near Bal Bhawan ITO, on Sept. 6, 2020 in New Delhi, India. Raj K Raj | Hindustan Times | Getty Images India’s increasing caseload made the Asian giant the pandemic’s second-worst-hit country behind the United States on Monday as its efforts to … Read more