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PIMCO's emerging markets equity portfolio manager leaves
trueMaria “Masha” Gordon left PIMCO as head of the firm’s emerging markets.
Fed: One more month of tapering, funds rate stays low
trueMembers of the Federal Open Market Committee voted to finish tapering their bond-buying program with a final $15 billion in purchases in October.
Outlook for timing of rate hike little changed from June
trueIn its latest summary of economic projections released Wednesday, the Federal Open Market Committee's outlook for the appropriate timing of raising the fed funds rate was little changed from June. Fourteen of 17 FOMC participants said the first increase in the federal funds target rate will occur ...
Russia: Assessing the risks and opportunities
trueRussia has been dominating global headlines in recent months and not for the reasons you'd like to see as an investor or potential investor.
U.K. to issue bond in renminbi
trueThe U.K. government intends for Britain to become the first Western country to issue a bond in China's currency, the renminbi, said U.K. Chancellor of the Exchequer George Osborne.
New Mexico PERA plans emerging markets debt search
trueNew Mexico Public Employees Retirement Association, Santa Fe, plans to launch an RFP on Oct. 1 for an emerging markets debt manager to run a $150 million to $200 million portfolio.
Canadian provinces agree to uniform capital markets regulations
trueAn agreement on forming a cooperative capital markets regulatory system was announced this week by Canadian Finance Minister Joe Oliver and ministers of four Canadian provinces.
Higher yields, without increased risk
trueWith equity markets at a historical peak and interest rates still low, rebalancing a portfolio is a painful proposition. Rather than investing in traditional fixed income, however, institutional investors can allocate to private credit, which offers higher yields without added risk
European Commission names financial supervisory commissioner
trueLord Jonathan Hill of Oareford was named commissioner for financial stability, financial service and capital markets union at the European Commission.
CFTC says it has evidence of price-rigging on ISDAfix benchmark
trueDerivatives regulators told the Justice Department they've found evidence of criminal behavior following an investigation into banks' alleged manipulation of ISDAfix, a benchmark used to set rates for trillions of dollars of financial products.
PIMCO hires debt specialist for emerging markets
trueSaid Saffari was named executive vice president and portfolio manager for emerging markets at PIMCO.
Only U.S. families in top income brackets see gains since 2010
trueThe median family income for all families in the U.S. fell 5% between 2010 and 2013, to $46,700 from $49,000, according to the Federal Reserve Board's latest triennial Survey of Consumer Finances.
ECB's new asset purchases could total €2 trillion
trueThe European Central Bank announced Thursday it would begin purchasing asset-backed securities and covered bonds in an effort to prop up the region's economy and spur inflation. According to a Citi report, the eligible assets could potentially total more than €2 trillion of the eurosystem's €14.1 ...
Draghi calls for almost $1 trillion of stimulus, delays fight over quantitative easing
trueMario Draghi signaled at least €700 billion ($906 billion) of fresh aid for the eurozone's moribund economy and left a fight with Germany over sovereign bond purchases for another day.
ITG plans to start dark pool for bonds under Posit brand
trueInvestment Technology Group, operator of one of the oldest U.S. equity dark pools, is expanding into corporate bonds.