Zijia Song

Pacific Investment Management Co., one of the world’s largest asset managers, says investors have misplayed emerging markets by focusing too heavily on risky bonds.

Suriname’s credit rating was upgraded by Moody’s Ratings as major drillers approved projects to develop the first oil discoveries off the coast of the tiny South American nation.

(Bloomberg) -- Pacific Investment Management Co., one of the world's largest asset managers, says investors have misplayed emerging markets by focusing too heavily on risky bonds.

Suriname's credit rating was upgraded by Moody's Ratings as major drillers approved projects to develop the first oil discoveries off the coast of the tiny South American nation.

From Mexico City to Shanghai, traders whipsawed by a volatile year are preparing for a fresh political jolt: A US presidential election that’s threatening to upend global trade and potentially roil the economic outlook across the developing world.

The expectation is that stronger fundamentals in certain emerging nations will help shield these credits from potential selloffs driven by global interest rate changes.

El Salvador is offering to buy back dollar bonds for the third time this year as President Nayib Bukele gets a fresh lift from Bitcoin’s rally and the US election results.

El Salvador ofrece recomprar bonos en dólares por tercera vez este año ya que el presidente Nayib Bukele recibe un nuevo impulso gracias al repunte del bitcóin y los resultados de las elecciones en Estados Unidos.

(Bloomberg) -- Developing-nation currencies briefly touched session highs before trimming gains, while the dollar and US Treasury yields fell after the latest US inflation data came in line with expectations, underscoring the outlook for rate cuts by the Federal Reserve.

(Bloomberg) -- Developing-nation currencies erased session gains and stocks extended their decline as investors looked past US CPI data and focused on President-elect Donald Trump's cabinet selections and potential policies.