City Financial is to merge its £31m OPM Fixed Interest fund - run by Tony Yousefian - into the City Financial Diversified Fixed Interest fund as it moves to streamline its fund range.

The Chinese renminbi has seen its worst fall in value since 2005, after tumbling overnight.

AXA Investment Managers has opened up 54 funds in its AXA World Funds Range to UK retail investors.

F&C has warned investors that its revenues will be lower than expected this year, ahead of its planned takeover by Canadian giant Bank of Montreal.

Psigma's Tom Becket believes this year's Indian elections could be a new dawn for the troubled country, saying its current situation "cannot get any worse".

Shares in BAE Systems fell 10% today after the aerospace giant issued a profit warning.

Vodafone's sale of its 45% holding in US peer Verizon Wireless could see an extra £10bn invested in UK equities in the coming weeks, according to reports.

Frontier markets delivered a positive return in January, as local ‘sticky money' stayed put in the face of heavy outflows from EMs.

The Investment Management Association has said it is open to the prospect of 'radical change' as it sets out recommendations for the use of dealing commission to purchase investment research.

Fund buyers have flagged the possibility of the country's largest emerging market equity funds reopening after outflows and market falls prompted a sharp drop in assets.