Investec Asset Management's John Stopford says the group has been selling European and US government bonds as fears over the economic slowdown have become "overdone".

US President Barack Obama has unveiled a $50bn infrastructure spending package aimed at reviving the faltering American economy and cutting the country's mounting unemployment.

Barclays is set to name its investment banking boss Bob Diamond as successor to current chief executive John Varley.

Lazard is launching its growth-orientated Developing Markets equity strategy to UK investors on 30 September.

Tony Nutt's Jupiter Income trust has seen its payout to investors fall by 9% after the £2.52bn fund was hit by the BP crisis.

Chancellor George Osborne will scrap the Pre-Budget Report this year and replace it with a slimmed-down autumn statement.

British Airways has identified about a dozen potential merger targets as the BA and Iberia tie-up aims to consolidate the global aviation industry.

British corporate bonds beat global counterparts last month as investors gained confidence in the UK's economic recovery.

USA BLOG

US stocks have opened sharply ahead this morning as private employers added more jobs than forecast in August, boosting optimism the world's largest economy can avoid slipping back into recession.