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Economy

Pimco turns to distressed debt for Aussie yield play

SYDNEY: Investors shunning record-low yields should consider buying distressed debt and Australian semi-government bonds that are likely to benefit from ultra-loose monetary policy, according to Pacific Investment Management Co (Pimo).

Business

Scarred and scared: Post-Covid consumers not their old selves

MICHAEL Clark of Amy’s Housewares has one big fear as its London stores prepare to reopen on June 15 along with other retailers around Britain: “Customers not spending, having no trust in the economy.”