- Reuters
Bigger investors pouring money into emerging markets belie EM outflows
Big-money investors are beginning to place more cash in emerging markets as they chase returns in what could be a structural shift in the way they allocate their money, a veteran Bank of America economist told Reuters. Large global fixed income funds, which have more firepower than those dedicated to emerging markets, are placing bets in "huge sizes" in key places, David Hauner, head of global emerging markets fixed Income Strategy at Bank of America told Reuters. Short-term bets in Egypt and Nigeria have also become popular.
- Reuters
Spanish police recover stolen Francis Bacon painting worth $5.4 million
Spanish police said on Thursday they had recovered a painting by the late Irish-born British figurative artist Francis Bacon, worth an estimated 5 million euros ($5.42 million), and one of five stolen from a Madrid home in 2015. In February, police arrested two people accused of the receipt of stolen artworks in the Spanish capital, leading them to ultimately discover the painting at a property in Madrid. According to local media, the paintings were stolen from the apartment of Jose Capelo, Bacon's friend and former lover, although police would not confirm or deny that information.
- BBC
What is it like to fly a plane during turbulence?
Aviation experts tell the BBC what pilots do during turbulence and what passengers should be doing.
