The US Securities and Exchange Commission questioned Warren Buffett's Berkshire Hathaway in Q2 on why it was not writing down large losses on shares in Kraft and US Bancorp.

The Singapore stock exchange is planning a £5.3bn takeover of its Australian counterpart in a deal which would create the world's fifth largest listed bourse.

Ignis head of credit portfolio management Chris Bowie has liquidated more than £250m of subordinated financial debt across the group's bond portfolios.

Former Bank of England deputy governor Sir John Gieve says the UK should resist resuming quantitative easing, as the economic recovery appears to be persisting.

Phoenix, the former Pearl group, is raising up to £33m through a placing to pay off a missed bond coupon payment.

The new so-called 'currency vigilantes' hit sterling hard yesterday, on a day when gilt yields dropped to a new record low.

Sam Peters is joining Bill Miller as co-portfolio manager of the Legg Mason Capital Management Value Trust on 1 November.

Legg Mason veteran Bill Miller, the renowned manager who beat the S&P 500 for 15 consecutive years, believes US equity markets could climb by as much as 20% over the next year.

Goldman Sachs could repay a $5bn preferred stock investment from Warren Buffett's Berkshire Hathaway, which helped the bank negotiate through the 2008 financial crisis.

The Chinese economy expanded by 9.6% in the third quarter, a slight drop from 10% in the previous period.