Bill Gross

German insurance giant Allianz reported a rise in profits for 2016 and increased its dividend, but warned that political and market uncertainty could make for an unpredictable 2017.     

Allianz increased net profit by 4.0 percent to 6.9 billion euros ($7.4 billion) in 2016, it said in a statement late on Feb. 16, slightly overshooting analysts' forecasts.

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.