Noel O'Halloran, head of the team that manages the Insynergy New World Equity Income fund, is anticipating interest rate cuts in major emerging markets as the economic cycle begins to turn.

J.P. Morgan Asset Management has launched an emerging markets multi-asset fund, managed by Nadia Grant, that will harness both its equity and fixed income expertise.

Ratings agency Moody's has extended its review of Italy's Aa2 credit rating by a further 30 days as it assesses the country's financial position.

Alliance Trust has reported a total shareholder return of 3.1% for the six months to the end of July, even as revenue and pre-tax profits dipped sharply.

Fears over liquidity and sovereign debt contagion mean the threat of nationalisation has spread to leading players in Europe's banking sector.

City of London police have charged UBS trader Kweku Adoboli with fraud in relation to the $2bn loss at the bank.

Ratings agencies S&P and Moody's have placed UBS' Aa3 rating on review for downgrade following its $2bn unauthorised trading loss.

Markets have continued to move higher following a co-ordinated effort by the world's central banks to inject liquidity into the banking system.

UBS has said it has discovered a loss in the region of $2bn as a result of rogue trading in its investment banking division.

Capital Economics has lowered its year-end forecast for 10-year US treasury and UK gilt yields in light of a deteriorating growth outlook.