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(Bloomberg) -- As the yield advantage of emerging-market bonds over their developed counterparts widens, Egypt and Turkey stand out as winning bets, offering the highest inflation-adjusted returns.With many of the developed world’s bond yields deep into negative territory, investors are looking past country-specific risk factors, such as anti-government protests in Egypt and discord between Turkey and the U.S. An added bonus is that slowing inflation in emerging markets has boosted their real yields.“Buoyant real yields help make a stronger case for emerging-market bonds,” said Takeshi Yokouchi, a Tokyo-based senior fund manager at Sumitomo Mitsui DS Asset Management Co., which oversees the equivalent of $160 billion. “It’s a good time to start buying them as inflation in many of the economies has slowed and more rate cuts are expected for some of them.”Key InsightsThe extra real yields that emerging markets offer over developed nations held at 302 basis points in October, increasing...
A rise in overnight borrowing rates for trades that use Italian government bonds as collateral suggests that some of the country's banks may have started taking advantage of tiered ECB interest rates to make a profit. Tiered rates are one of the measures the European Central Bank has introduced to ease pressure on banks' margins caused by negative borrowing costs. The system allows eligible banks a 0% interest rate on part of the reserves they hold at the ECB, rather than applying the deposit charge that equates to the bank's base rate of -0.5%....
LONDON/BEIJING, Nov 8 (Reuters) - China is scouring the world for meat to replace the millions of pigs killed by African swine fever (ASF), boosting prices, business and profits for European and South American meatpackers as it re-shapes global markets for pork, beef and chicken. The European Union, the world's second largest pork producer after China, has ramped up sales to the Asian giant although it can only fill part of the shortfall caused by ASF....
(Bloomberg) -- PetroChina Co.’s Rudong terminal received its first cargo of liquefied natural gas in more than a month this week after its shut-down helped break the country’s 30-month streak of rising imports.A tanker, Gaslog Singapore, docked at the terminal in Jiangsu province Wednesday and departed the following day with a lower draft, ship-tracking data compiled by Bloomberg show, indicating it discharged LNG. It was the first ship to visit the port since late September, when a pipeline was damaged during a storm.The loss of the terminal, which is among China’s biggest, contributed to total gas imports dropping to 6.52 million tons in October, the first year-on-year decline since March 2017. Inbound shipments, including LNG and piped gas, were down 780,000 tons from October 2018, according to customs data released Friday. That difference may be mostly attributed to Rudong, which took in about 727,000 tons of LNG last October, compared with...
Honda Motor Co slashed its annual profit and global sales outlook to a four-year low, citing a firmer yen and bleak business in both India and its main market of North America, even as it unveiled plans to buy back $915 million shares. The dour outlook comes at a time when Honda is struggling to shore up its automobile operations, with its profitability down more than half in the past two years due to a series of quality-related issues constraining its financial firepower to invest in new vehicle technologies....
Q3 2019 Bavarian Nordic A/S Earnings Call...
Load posts on the spot truckload market closed the month of October. on a high note, gaining 16% during the week ending Nov. 3, said DAT Solutions, which operates the industry’s largest electronic marketplace for spot truckload freight. Sustained hi ...
