The yen climbed to a post-World War II high against the dollar yesterday, after Europe's debt crisis spurred demand for safe havens.

Swedish business publication Affärsvärlden has kicked off its annual investment competition by asking Signe, a basset hound, to pick her favourite funds.

Warnings about banks, eurozone concerns and a high profile job for an ex-New Star manager were among our best read stories this week.

This week we have made a conscious effort to buck the media's trend for negative headlines and warnings of the dangers ahead.

Ignis' top performing property manager George Shaw has cut the cash weighting in his £854m UK Property fund by a third in the last few months as he eyes up a move to increase the fund's yield.

The London offices of Royal Bank of Scotland (RBS) have been raided as part of a major investigation by the European authorities into allegations lenders manipulated a key borrowing rate in the run-up to and during the financial crisis.

The UK's faltering economy could fall back into recession but government action is likely to help avoid another downturn, according to business secretary Vince Cable.

Tory peer Lord Wolfson of Aspley Guise, chief executive of retailer Next, is offering a £250,000 prize to anyone who can explain how to manage a country's transition from the euro to a new national currency.

Apple, the world's biggest technology company, reported full year results showing net profits for the year to 25 September were $25.9bn (£16.5bn), up 85% on the previous year.

PIMCO's Bill Gross, manager of the world's biggest bond fund, has apologised to his investors for a "stinker" of a year after failing to anticipate the fear driving markets since the summer.