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(MENAFN - AFP) Bill Gross, who built his Pimco into the world's largest bond investor and wielded outsized influence for years in the markets, is leaving the firm for rival Janus Capital group.

The move, announced by Janus Friday, leaves Pimco, which until recently managed $2 trillion in funds, without either of the two men who built its huge success over that past two decades.

Gross's ...

 
(MENAFN - AFP) Russia is ready to resume gas deliveries to Ukraine if Kiev pays its energy giant Gazprom back debts worth $3.1 billion (2.4 billion euros) by late December, European Energy Commissioner Guenther Oettinger said Friday.

According to the interim agreement, which has to be approved by the governments in Moscow and Kiev, Gazprom is ready to deliver at least five ...

 
(MENAFN - AFP) BlackBerry on Friday reported it narrowed its loss in the latest quarter, and expressed optimism that its major restructuring and new business-friendly devices would help fuel a turnaround.

Releasing fiscal second-quarter results, chief executive John Chen said the struggling Waterloo, Ontario-based smartphone and tech group could return to profitability next ...

 
(MENAFN - AFP) The longest-ever strike by Air France pilots was slammed as "catastrophic" by the airline sector Friday, as bitter talks over the company's low-cost subsidiary remained deadlocked.

Over half of Air France's fleet was grounded for the 12th day running, and looked set to remain so into the weekend as pilots refused to budge after days of marathon talks with management.

The ...

 
(MENAFN - AFP) Every time Gaza fisherman Rami goes to sea, the same thing happens: five nautical miles offshore, shots ring out and a voice over an Israeli loudspeaker demands he turn back.

Officially, Gaza's fishing fleet has the right to trawl the waters up to six nautical miles off the shore under the terms of Israel's eight-year blockade.

Although that outer limit ...

 
(MENAFN - AFP) In the wood-panelled rooms of Vienna's traditional coffee houses, tobacco-lovers can still light up pretty much as they please. But one of the last smokers' havens in Europe may be on course to kick the habit.

Even diehard smokers, when arriving in Austria, are in for a shock at the clouds of blue haze filling bars and restaurants, long after the rest of western ...

 
(MENAFN - AFP) Spain raised its growth forecast on Friday for this year and next and said unemployment would ease by two percentage points in 2015 as the economic recovery gathers pace.

The finance ministry published forecasts of 1.3 percent growth for 2014 and two percent for 2015, raising earlier estimates of 1.2 percent for this year and 1.8 percent for next year.

It ...

 
(MENAFN - AFP) The US economy grew more strongly than previously estimated in the second quarter, clocking the fastest pace since late 2011, the Commerce Department reported Friday.

Gross domestic product surged at annual rate of 4.6 percent, the department said, revising the previous 4.2 percent estimate.

The revision matched economists' expectations as data shows ...

 
(MENAFN - AFP) Bill Gross, who built his Pimco into the world's largest bond investor and wielded outsized influence for years in the markets, is leaving the firm for rival Janus Capital group.

The move, announced by Janus Friday, leaves Pimco, which until recently managed $2 trillion in funds, without either of the two men who built its huge success over that past two decades.

Gross's ...

 
(MENAFN - AFP) Russia is ready to restore gas deliveries to Ukraine if Kiev pays its energy giant Gazprom $3.1 billion (2.4 billion euros) by late December, European Energy Commissioner Guenther Oettinger said Friday.

Gazprom is ready to deliver at least five billion cubic metres of gas in the coming months if there is an advance payment, Oettinger said after he met with ...

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