Mirabaud Asset Management has hired Daniel Tubbs, former co-head of BlackRock's global emerging markets team, to run an emerging markets equity fund.

Moody's has downgraded the credit ratings of five of the Netherlands' largest banks as the country's economy struggles with a domestic recession and the effects of the eurozone crisis.

Franklin Templeton's Mark Mobius said investors should expect an increasing number of market crises as information flows increase and Western growth grinds to a halt.

The Bank of England is to provide short-term sterling liquidity to the banking sector in anticipation of "market-wide stress of an exceptional nature" over the coming weeks.

Shares in broadcaster BSkyB have fallen as much as 8% after the company secured a pricey deal for live domestic broadcasting rights for English Premier League football.

Brent crude oil prices could drop by almost 50% to $50 a barrel within the next three months if the eurozone crisis escalates, Credit Suisse has said.

Former BNP Paribas trader Andy Frankenberger has won almost $500,000 at a poker tournament in Las Vegas just two years after turning professional.

CHINA

Threadneedle's Simon Haines is increasing positions in mid-cap ‘self-help' firms in the view they are best positioned to prosper in volatile markets.

Long seen as leveraged plays on the market, asset managers' improving cash positions may give them more defensive qualities as they face up to a changing fund management landscape.