News Snapshot:
SINGAPORE (Reuters) - The world's biggest asset manager, BlackRock Inc, called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on Wednesday. The manager of $6.5 trillion in assets expects it may be 2022 at the earliest before global growth returns to trend but said in a statement outlining its regional outlook that "Asia stands out" as a beneficiary when the recovery arrives. "We like China across the credit spectrum," said Neeraj Seth, the fund manager's head of Asian credit, since it is buttressed by strong government stimulus. He said state-owned...
