The positive impact of China's rate cut was dampened overnight in Asian and US markets as Ben Bernanke failed to clarify the Fed's policy approach in a speech yesterday.

Fitch has cut's Spain's credit rating by three notches to BBB as estimates for the size of the bailout it needs balloon.

Skandia Investment Group's Rupert Watson, head of asset allocation, has outlined eight reasons why Greece should not be allowed to leave the euro, despite the increasing likelihood it is forced to exit.

The likelihood of a Greek exit from the eurozone this year is only around 25%, well below investment banks' consensus forecast of 50% to 70%, top commentators have said, with Germany set to prevent a ‘Grexit' before its own elections in 2013.

A fine wine hedge fund pitched on BBC programme The Apprentice has been rejected by Lord Alan Sugar for being 'too risky'.

Weak US jobs data has caused panic in global markets and forced US Treasury yields to fall to yet another record low.

The IMA has put forward three proposals to member groups on how to divide up the Absolute Return sector.

Mark Holden has lifted the £107m UK Focus fund out of the bottom quartile by concentrating the portfolio into just 21 stocks.

Equities are in the midst of a major global bull market, at a time when investors are significantly underinvested in the asset class, said Skandia Investment Group's Rupert Watson.

Asian markets fell more than 1% in some regions overnight, with the wider area set for its biggest monthly drop since the financial crisis of 2008.