Bill Gross’s Janus bond fund drops second consecutive day
NEW YORK (Reuters) – Bill Gross’s Janus Global Unconstrained Bond Fund suffered its second day of declines in its net asset value on Tuesday, wiping out gains for the year, according to fund-research firm Morningstar Inc on Wednesday.
FX pegs under pressure in emerging markets as commodity prices fall
LONDON (Reuters) – Plunging commodity prices are testing the viability of emerging currencies’ long-standing pegs to the dollar, with some already abandoned as countries balk at the cost of clinging to fixed exchange rates.
Airbus to delay delivery of first A380 to Russia’s Transaero
PARIS (Reuters) – European planemaker Airbus is delaying the delivery of Russian carrier Transaero Airline’s first A380 superjumbo, an Airbus spokeswoman said on Wednesday, as the recession-hit Russian economy dents travel demand in the region.
Strong capital spending plans boost growth outlook
WASHINGTON (Reuters) – A gauge of U.S. business investment plans recorded its largest increase in just over a year in July, suggesting the United States was in good shape to withstand growing strains in the global economy.
‘Bad bank’ path worn by Ireland and Spain looks steep for Greece
LONDON (Reuters) – Greece is under growing pressure to take care of banks’ problem loans so they are free to lend again, but the depth and complexity of its crisis will make it tough to replicate the comprehensive “bad bank” models set up in Ireland an…
Once a source of envy, Germany’s China exports turn into a risk
BERLIN (Reuters) – Germany’s export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe’s largest economy.
BlackRock to acquire robo-adviser
(Reuters) – BlackRock Inc, the world’s largest asset manager is acquiring a San Francisco-based robo-adviser, FutureAdvisor, the firm announced Wednesday morning.
Oil catches breath near six-and-a-half-year lows after falls
LONDON (Reuters) – Oil stabilized on Wednesday after China moved to support the country’s economy and stronger than expected U.S. durable goods data was released, but prices stayed near 6-1/2-year lows as a heavy supply glut kept market outlook bearish…
Global carmakers re-engineer India strategy to grow sales
NEW DELHI (Reuters) – Leading global carmakers are reviewing their blueprint for India to boost sales and avoid more painful cutbacks, after struggling to win over consumers even as the market swings to growth and dominant local players begin to raise …
U.S. housing market seen strong enough to handle Fed rate hikes: Reuters poll
WASHINGTON (Reuters) – The U.S. housing market is probably strong enough to stand up against an interest rate hike by the Federal Reserve this year, with stabilizing home prices supporting sales, a Reuters poll of top economists showed on Wednesday.
