Bond sales have hit record levels in US markets in the first two weeks of the year, with about $67bn (£42bn) of new bonds sold, according to Thomson Reuters.

The managers of Cazenove's newly launched Diversity Income fund have warned they may prioritise downside capital protection during volatile markets, meaning they could miss their 4% yield target.

London's leading share index has opened up 0.64% at 6023.84, recovering from a sluggish end yesterday, buoyed by a strong performance from banks in Asia.

More than a decade after the dotcom crash, managers consider whether current technology valuations point to new bubble in the sector

F&C Asset Management is cutting 110 jobs as part of an outsourcing deal designed to save up to £12m a year.

Investment banking giant Goldman Sachs has revealed for the first time a fresh loss of $5bn during the financial crisis.

The combination of high valuations for US bonds and large retail inflows suggests a bubble about to burst, says Henderson's Simon Ward.

Property financier Sir John Beckwith is backing the launch of a new hedge fund, in partnership with Icap boss Michael Spencer.

China will overtake the US as the world's largest economy by 2018 as the global financial crisis propels the shift in economic power to emerging countries, says PricewaterhouseCoopers.

Western bond market are pointing to the risks of resurgent inflation, although the Fed claims price pressures are not building rapidly, says Cazenove's Julie Dean.