Emerging Market (EM) fixed-income funds saw: the 2nd-largest weekly outflow recorded at $4.2 billion in the week ending Aug. 26, and overall EM net outflows of $10.5 billion in the past week are the largest since early 2008, Dimitra DeFotis from Barron’s reports. According to Morgan Stanley: Outflows have sharply accelerated in recent weeks and emerging market … Continue reading
When Matteo Ricci, the Italian 16th century Jesuit missionary, travelled to China to win converts to his faith, he found that his European maps, which showed China relegated to the cartographical margins, failed to endear him to his hosts. So he redrew them. The resulting world map of 1602 placed China at its centre, an accommodation … Continue reading