JPMorgan has changed the name of its US Discovery investment trust following a change in the investment objective.

Anthony Bolton has taken out a £65m gearing facility on his Fidelity China Special Situations trust as the manager wastes no time in accessing the region's equity markets.

The Bank of England's fantasy forecast of a decline in annual CPI inflation to about 1% in early 2011 looks even less credible in the wake of March numbers showing an unexpectedly large rise from 3% to 3.4%.

Greece could be forced to reluctantly accept the agreed EU and IMF bailout package after its borrowing costs surged to fresh highs yesterday.

Fabrice Tourre - the bond trader at the heart of Goldman Sachs' fraud case - was on Tuesday barred from working in the City of London in the first 'victory' for financial regulators on both sides of the Atlantic.

St. James's Place recorded an 84% surge in unit trust and ISA investments over the first quarter of the year.

First State Investments has added a Global Agribusiness fund to its Dublin-domiciled range.

BlackRock's Bob Doll believes equities could face a period of profit-taking in the near term due to the fallout from the Goldman Sachs charge and various signs of excess in the markets.

German finance minister Wolfgang Schauble has pleaded with his country's citizens to back a joint EU-IMF bail out for Greece worth up to €45bn (£40bn), warning that failure to act risks a financial meltdown.

One of the UK's best known hedge fund groups has taken a £47m bet against Prudential in the lead-up to its proposed $35.5bn acquisition of AIA.