IMF warns of ‘mediocre’ growth, calls for coordinated action
WASHINGTON (Reuters) – The global economy could be stuck on a ‘new mediocre’ growth path with high debt and unemployment unless policymakers open up labor markets, invest in infrastructure and reform fiscal policies, the head of the International Monet…
ECB targets bundled-debt market to boost economy
NAPLES Italy (Reuters) – The European Central Bank laid out plans on Thursday to buy rebundled packets of debt within weeks to shore up the flagging euro zone economy and its president said the bank would do more if needed.
Daimler cuts car market forecast as Europe wobbles
PARIS (Reuters) – German luxury automaker Daimler has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy.
GM recalls 117,651 vehicles for potential electrical short issue
DETROIT (Reuters) – General Motors Co on Thursday said it is recalling 117,651 newer vehicles in North America because a possible manufacturing defect could cause an electrical short and increase the risk of a crash.
As Gross exit sank in, traders saw confusion, then opportunity
By Richard Leong, Shankar Ramakrishnan and Michelle Sierra
Exclusive: Schwab drops Pimco Total Return Fund from its target date funds
(Reuters) – Charles Schwab Corp has dropped the Pimco Total Return Fund from its 10 target date funds, a company spokeswoman told Reuters Thursday.
RBS hires Goldman Sachs to seek buyers for Coutts International: FT
(Reuters) – Royal Bank of Scotland has hired Goldman Sachs to seek buyers for Coutts International and is expected to tell potential suitors that they will not be allowed to use the Coutts brand, the Financial Times reported.
Pimco had $25.5 billion net outflows across U.S. open-end funds
NEW YORK (Reuters) – Pacific Investment Management Co had $25.5 billion of net outflows across all of its U.S. open-ended funds in September, the bulk of them from its flagship fund, according to Morningstar data on Thursday.
TCW had $1 billion net inflows into flagship fund since Friday: Morningstar
NEW YORK (Reuters) – TCW, an investment firm that is a major rival of Pimco, posted roughly $1 billion in net inflows into its Metropolitan West Total Return Bond Fund since Friday, according to data from Morningstar on Thursday.
Boeing to raise monthly production of 737 jets to 52 in 2018
(Reuters) – Boeing Co on Thursday announced plans to raise output of 737 jetliners beyond its already blistering production pace, saying global demand for new aircraft justifies it.
