Bloomberg The European Central Bank won’t make much progress raising interest rates because it’ll tighten just as the US economy slows, predicts Pacific Investment Management Co.’s Andrew Bosomworth. “I don’t think Europe will get very far above zero,” Bosomworth, a managing director at Pimco, said in an interview in Frankfurt this week. “There’ll be a very short window in which …

Bloomberg Standard Chartered Plc is working on a three-year plan to improve profitability as a share slump this year puts pressure on the emerging markets lender to boost returns. While operating expenses fell by 1 percent in the third quarter and were below estimates, its key measure of profitability is still lagging. The bank said on Wednesday that it will …

Bloomberg UBS Group AG is weighing acquisitions and joint-ventures for its asset management business to help it compete with larger rivals, people with knowledge of the matter said. Targets may include UK and US asset managers focussed on retail clients and specialised asset managers in areas such as real estate, the people said, asking not to be identified because the …