PIMCO

The new investment consortium of Dromeus Capital and Apto, PIMCO's vehicle in the field of data centers, is making its first investment in the sector at Spata in eastern Attica.

Investment management giant Pimco identifies seven major macro themes for the global economy in 2020, and projects the slowdown in the eurozone to continue at the same time as Greece expects to start a period of robust growth. While the prospect of a global recession has eased for now, when it does come it may be more difficult to tackle, Pimco argues in a report shared with Kathimerini.

Global growth is projected to slow down further in the next few months, affecting Greece and the rest of the eurozone, warn analysts at Pimco, one of the world's leading investment funds.

Greece may be stable for now, but worries about its position would soon grow again should the situation in Italy worsen, PIMCO's chief investment officer for global fixed income Andrew Balls said on Wednesday.

"I'd worry that if someone sucked the oxygen out of this room, Greece would suffer," he told a conference in London.

Exin Financial Group has been given 10 days to submit to the Bank of Greece all the information required for the acquisition of Ethniki Insurance, while also having to answer the crucial question of the buyer's composition.

Exin Financial Group has pledged that by end-January it will have submitted the details of the funding needed to acquire Ethniki Insurance. So far the group is said to have informed the monitoring authorities and National Bank of Greece that Pimco and Berkshire Hathaway will participate in the deal's financing.

The 11th Annual Greek Roadshow, organized by the Athens Stock Exchange, is taking place in London with 27 of the largest Greek companies attending the three-day event. Participants get to meet with representatives of foreign funds at the facilities of the Bloomberg agency.

Mohamed El-Erian, chief economic adviser at Allianz SE, said on Tuesday the likelihood of an ?accident? involving Greece?s debts had increased to a 55-60 percent probability.

?I think the probability of an accident is now somewhat higher. I don?t think we can just muddle through forever on Greece,? El-Erian told cable television network CNBC.

By Nikos Roussanoglou

Property company NBG Pangaea expects to be listed on the Athens stock market by the end of the year.

Bill Gross, the co-founder of Pacific Investment Management Co (Pimco), sold most of the $48 billion of US Treasuries held by his $221.6 billion Pimco Total Return Fund in the second quarter, replacing them with about $45 billion of futures, according to an August filing.