NAPLES Italy (Reuters) - The European Central Bank laid out plans on Thursday to buy rebundled packets of debt within weeks to shore up the flagging euro zone economy and its president said the bank would do more if needed.
(Reuters) - Royal Bank of Scotland has hired Goldman Sachs to seek buyers for Coutts International and is expected to tell potential suitors that they will not be allowed to use the Coutts brand, the Financial Times reported.
NEW YORK (Reuters) - Pacific Investment Management Co had $25.5 billion of net outflows across all of its U.S. open-ended funds in September, the bulk of them from its flagship fund, according to Morningstar data on Thursday.
WASHINGTON (Reuters) - The global economy could be stuck in a weak growth rut for a long time as countries struggle to pull free from a past of high debt and unemployment, the head of the International Monetary Fund said on Thursday.
PARIS (Reuters) - German luxury automaker Daimler has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy.