Pimco to cut jobs as assets fall in wake of Gross's exit
![Pimco's assets stood at $US1.5 trillion as of March 31, down from a peak of about $US2 trillion in the first quarter of ...](/content/dam/images/g/p/g/3/n/a/image.related.afrIndexLead.320x210.gpl38h.png/1466100083647.jpg)
Pacific Investment Management Co plans to cut its workforce as assets under management have fallen since the September 2014 departure of Bill Gross.
Pacific Investment Management Co plans to cut its workforce as assets under management have fallen since the September 2014 departure of Bill Gross.
There was little sign the Fed was prepping the market for a potential July interest rate increase. See you in September, maybe, seems to be the unspoken signal.
Fewer Federal Reserve officials now expect the central bank to raise interest rates more than once this year.
Arrium receiver KordaMentha and adviser Deutsche Bank will run two separate sales processes; one for the whole company and one for its prized division, Moly-Cop.
Fund managers are waiting for stockbrokers Bell Potter Securities and Morgans to release details of Elders' equity raising on Wednesday morning.
Rio Tinto Group will repurchase about $US1.7 billion of bonds, its second buyback in about two months, as it seeks to cut debt.
Morgan Stanley's fixed-income and commodities business is capable of generating $US4 billion in annual revenue, CEO James Gorman said.
The German 10-year bonds are just the latest to fall into negative territory, after those in Switzerland and Japan. Yields on German five-ye...
Germany's 10-year government bond yields tumbled below zero for the first time as a weakening global economic outlook and fears of a Brexit ...
The rush into government bonds during 2016 shows no sign of reversing as a weakening global economic outlook and political risks fuel demand...
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