Bloomberg Pacific Investment Management Co. has finally stopped the bleeding. Third-party clients added a net 4.7 billion euros ($5.1 billion) in new money to Newport Beach, California-based Pimco last quarter, according to a statement by its parent Allianz SE. The inflows cap three years of net redemptions that have cut assets at the money manager by about a quarter, ...

  Bloomberg European Union Trade Commissioner Cecilia Malmstrom said EU-US negotiations on a free-trade agreement would probably be put on hold in definitely because of Donald Trump’s victory in the American presidential election. Trump lashed out at market-opening initiatives such as the planned Trans-Atlantic Trade and Investment Partnership, or TTIP, during his successful campaign to succeed US President Barack Obama. ...

  Bloomberg BMW AG’s top labour representative offered a rare public rebuke of the company’s leadership, warning that the luxury-car maker risks falling behind rivals in the race to develop battery-powered cars. “Management has been slow to decide on investing in more electric models,” Manfred Schoch, who’s also deputy chairman of BMW’s supervisory board, said in an interview in Nuremberg, ...

  The Republican Party resembles the man who told his psychiatrist, “I have an identity problem, and so do I.” The party’s leader is at best indifferent to, and often is hostile to, much of the party’s recent catechism: limited government, the rule of law, a restrained executive, fiscal probity, entitlement reforms, free trade, the general efficiency and equity of ...

Donald Trump proclaimed “America First” on his way to his head-spinning victory in Tuesday’s presidential election, and the success of that message will rock many foreign capitals where leaders have feared that Trump would alter the basics of U.S. foreign policy. Making predictions about Trump’s foreign policy is difficult, given his lack of experience. But the most likely bet is ...

  The planet’s wealthiest and most powerful countries face a slow-moving but potentially devastating political and economic crisis. It now falls to Donald Trump to find a way to combat it. Over the past few years, voters in much of the developed world have rebelled against the establishment. In the U.S., millions of voters supported an avowed socialist in the ...

  Rapid urbanization and industrialization coupled with the galloping population is posing a massive waste problem. The trash generated in our cities is becoming increasingly difficult to manage. A recent study by Frost and Sullivan indicates that the volume of total garbage in the GCC will go up from 94 million MT in 2015 to 120 million annually by 2020. ...

  As the UK begins the long, difficult process of building a post-Brexit trade architecture with the rest of the world, the government may be tempted to mobilize the country’s overseas aid budget in support of those efforts. While there’s nothing wrong with hoping that assisting poorer countries will make them economically strong enough to engage in increased trade, the ...

  Japan’s great monetary policy experiment is drawing to a close, and the results may change the way the world thinks about central banking. The Bank of Japan’s recent quarterly report says, in effect, that the central bank has done all it can do to raise growth and inflation, and that fiscal policy needs to step in and help. The ...

  Adam Minter China has big plans for Mount Everest. Although the south-facing side of the mountain, in Nepal, might be better known, the Tibetan north face also has a rich mountaineering history, and China has outlined an ambitious new vision for commercializing it. That may sound like an unseemly approach to the world’s tallest and most forbidding peak. But ...