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Economy 12 Jun 2020 | 7:00 AM

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).

Economy 02 Mar 2020 | 7:00 AM

Covid-19 may bring down China’s GDP

LONDON: The economic fallout from the deadly coronavirus (Covid-19) may cause a 6% contraction in China’s first-quarter gross domestic product, according to Pacific Investment Management Co.