He says Blackrock encourages debt issuance
Securities Times reports that 760 major companies on Shanghai and Shenzhen Stock Exchanges had suspended trading in past week.
Analysts warn that worst may not be over, given the robust stock markets and the likelihood of higher US interest rates.
Market watchers now await oil cartel Opec's output decision, due out on 5 June.
Gold prices could destabilise over the holidays if the Russian economy deteriorated further.
Russian corporate and sovereign bonds make up 21% of Pimco's $3.3bn Emerging Markets Bond Fund
Analysts expect gold prices to fall to $1,100 an ounce in a year and below $1,000 in five years.
Warner Bros Studio is opening a tour for all Potter fans to see and feel the places and technology used for the movie.
A poll of 20 hedge fund managers, economists and traders conducted by Reuters predicts that gold prices will fall below $ 1500 an ounce over the first quarter of next year.
Spot gold rebounded today as a 2 per cent decline in the previous session attracted buyers however; debt issues in the euro zone and U.S. are expected to keep frailties in place.
Manchester United have regained their position on the top of the most expensive football teams by brand value.