When investors sense that consumer behavior in emerging markets is changing, they tend to shoot first and ask questions later, potentially missing opportunities. It’s well known that such stocks trade at a discount. The MSCI World With EM Exposure Index, which tracks developed-world shares that rely on emerging markets for revenue, was valued at 16.4 times forward earnings at the …

Bloomberg Vice President Mike Pence said the US “strongly” supports Georgia’s ambition of joining NATO, even as Russia remains hostile to the military alliance expanding its influence in Moscow’s former Soviet backyard. “We see Georgia as a key strategic partner and stand by your territorial integrity and your aspirations to become a member of the North Atlantic Treaty Organization,” Pence …

Bloomberg Pakistani lawmakers chose Shahid Khaqan Abbasi as the interim prime minister to replace deposed leader Nawaz Sharif, settling political uncertainty caused by a Supreme Court decision last week that forced the former premier to resign. Abbasi, 58, who is considered a die-hard Sharif loyalist after serving in his cabinet as the petroleum minister, won 221 votes out of 305 …