Irene's Feed
Mar 29, 2011
via Newsmaker

What El-Erian thinks should happen in the Middle East and North Africa

In a February 28 post for Reuters, PIMCO CEO Mohamed El-Erian made several predictions on possible outcomes from the sweeping changes in the Middle East and North African (MENA) countries and its impact on the global economy.

In the post, El-Erian predicted the western world may be in the midst of entering into a “period of much greater differentiation among MENA countries”. As Egypt and Tunisia work to complete their revolution, and attempt a peaceful transition, governments should be ready to recognize and differentiate these changes, El-Erian said.

Mar 23, 2011
via Newsmaker

Getting to know co-founder of Pimco Bill Gross

Bill Gross, co-founder of investment giant PIMCO, is one of the world’s most influential figures when it comes to the bond market, managing $1.2 trillion in securities. His investment decisions have often lead to excellent results for his clients and helped turn his $236 billion Total Return fund into the world’s largest bond fund.

During the 2008 subprime mortgage crisis when many big investors were reeling from deep losses, Gross made a bet to go long on Fannie and Freddie bonds, and was one of the first to predict the agency-backed mortgage lenders would get a government bailout. This decision lead to a $1.7 billion payout for his fund.

Mar 22, 2011
via Newsmaker

El-Erian on how to reset Egypt’s economy

In a February 9 post for Reuters.com, Mohamed El-Erian contributed his thoughts on how Egypt will begin to restart and reset its economy after their revolution and regime change.

Economics and finance will play a crucial role with such a dramatic change, he said, which halted all economic activities in the country for more than two weeks. El-Erian said the banking system will have to take action to resume normal activities and face several challenges, such as a collapse in tax revenues, and will need to figure out a way to target social spending.

Mar 22, 2011
via Newsmaker

PIMCO 101

With over $1.2 trillion in assets under its belt, the Pacific Investment and Management Company (commonly known as PIMCO) is one of the world’s top bond fund managers. The firm, which formed its strengths in active bond management and equity futures management, has served millions of clients ranging from retail to institutional investors for the past four decades.

The firm runs the world’s largest mutual fund, the Total Return fund, which has over $200 billion in it, and oversees more than 70 mutual funds.

Mar 22, 2011
via Newsmaker

Investment landscape according to El-Erian

Mohamed El-Erian, CEO of PIMCO, the world’s biggest investor of bond funds, is considered an expert on emerging markets and is a recognized thought leader when it comes to matters concerning the global economy.

He recently had several opeds published that express his views on how world events, such as the uprisings in the Middle East and Africa and the nuclear crisis in Japan, will impact the global economy and the investment landscape.

Mar 21, 2011
via Newsmaker

Ask your questions for El-Erian here

At our next Thomson Reuters Newsmaker event on Thursday, March 31st, CEO of PIMCO Mohamed El-Erian will be sitting down with Reuters Global Editor-at-Large Chrystia Freeland and speaking about the “Global Economic and Market Outlook.”

El-Erian first joined PIMCO in 1999 and carried out a two-year stint as president and CEO of Harvard Management Company before returning to the company in 2007. PIMCO is  the world’s largest global and investment management and solutions firm, overseeing investments of more than $1 trillion for clients ranging from public and private pension to retirement plans.

Feb 17, 2010

Twitter dating for tech-savvy singles

TORONTO (Reuters) – For tech-savvy singles who are unlucky in love, shy or just looking for a new way to meet people, Flitter could be the answer.

Hundreds of singles attended the first Flitter parties across Canada last week in the latest dating game which is a play on words of the microblogging site Twitter and flirting.

Dec 23, 2009

TSX gets boost from commodities, data

TORONTO, Dec 23 (Reuters) – Toronto’s main stock index was
up on Wednesday in holiday-thinned trade, boosted by stronger
commodity prices and a mix of recent economic data from Canada
and the United States.

Powerhouse gold producer Barrick Gold <ABX.TO> climbed 2.9
percent to C$42.38 on surging bullion prices, while Goldcorp
<G.TO> was up 3.8 percent at C$42.25 and Kinross Gold <K.TO>
rose 2.3 percent to C$19.65.

Dec 23, 2009

TSX edges higher as commodity prices rise

TORONTO, Dec 23 (Reuters) – Toronto’s main stock index was
higher on Wednesday morning as commodity prices edged up
helping lift shares of Barrick Gold <ABX.TO> and other mining
and energy companies on the resource-heavy index.

Powerhouse gold producer Barrick climbed 2.5 percent to
C$42.24, while smaller rival Goldcorp was up 3.2 percent at
C$42.03. Eldorado Gold <ELD.TO> rose 2.5 percent to C$14.75.

Dec 22, 2009

TSX little changed in quiet pre-holiday trade

TORONTO, Dec 22 (Reuters) – Toronto’s main stock index was
little changed on Tuesday morning with market watchers
suggesting the index will be largely directionless in thin,
pre-holiday trading.

With no major drivers in either direction, a mix of
companies topped the list of influential decliners, with
Research in Motion <RIM.TO> lower by 2.3 percent at C$72.20,
and Barrick Gold <ABX.TO> down 1.5 percent at C$60.31.