The offices of Pacific Investment Management Co (PIMCO) are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake Bond fund manager Bill Gross on Friday said Pacific Investment Management Co and its lawyers should be punished for unfairly imped... More »
FRANKFURT Allianz set aside 2.5 billion to 3 billion euros for acquisitions in the euro zone this year and will use the funds to buy back shares if no takeover targets are found, Chief Financial Officer Dieter Wemmer told Boersen-Zeitung. Allianz would like to... More »
NEW YORK Mohamed El-Erian, the chief economic advisor at Allianz, said on Friday the Bank of Japan’s shocking move to take one of its main interest rates into negative territory underscored the country’s hope to weaken the yen to re-inflate its economy. “Count... More »
