The manager of the world's largest bond fund has highlighted four structural headwinds that pose a risk to growth in developed economies such as the US.

David Gardner, head of EMEA sales and BlackRock's iShares veteran, is set to retire after 12 years.

Australia's central bank has cut its benchmark interest rate to 3% in order to counter a slowdown in its mining sector.

Progress in the fiscal cliff talks being held in Washington has given Wall Street a lift as the threat of a possible recession is averted.

PIMCO has listed 23 funds across a number of IMA sectors, including the £20bn Total Return Bond fund in the Global Bond sector, managed by Bill Gross (pictured).

Barclays is the most attractively valued UK bank, offering the best potential for growth if it restructures its investment banking division, according to J.P. Morgan Cazenove.

Execution-only (EO) businesses such as Hargreaves Lansdown have achieved much higher profit growth over the past five years than peers solely operating in the wealth management and private bank space, a study has revealed.

Bob Doll has joined Nuveen Asset Management as chief equity strategist and senior portfolio manager in a surprise move following his retirement from BlackRock in the summer.

MARKETS

Adam Smears, formerly the head of investment research at Skandia, has joined Russell Investments to lead its fixed income research team.