France's minister for European affairs Jean Leonetti has signaled plans for a Europe-wide financial transaction tax are set to be legalised by the end of 2012, despite opposition from countries including the UK.

Managers of the Guinness Global Energy fund have warned of an oil price spike to $150 per barrel if Iran were to carry out its threat of closing the Strait of Hormuz and blocking 15% of global oil exports.

UniCredit has seen its shares suspended for the second time after they plunged almost 10% as it unveiled the price of a €7.5bn (£6.3bn) rights issue.

Investment veteran Jim Rogers has predicted the euro could see a near-term bounce, despite investors continuing to be overly bearish on the eurozone.

Madrid-based hedge fund Vega Asset Management has threatened to take legal action against officials negotiating Greece's debt restructuring if its bond losses turn out to be too deep.

Investment veteran Jim Rogers has branded US treasuries as the one of the last remaining asset bubbles left in the world.

US markets have surged this afternoon after unexpected positive German data and a drop in Spanish borrowing costs provided some respite from the ongoing eurozone debt crisis.

Martin Currie has made its Global Emerging Markets (GEM) Sicav available to UK retail investors.

Investors showed renewed confidence in Spain today, as a government bond auction saw excessive demand.

John Eisinger, manager of the top- performing £507m Janus US All Cap Growth fund, has upped his weighting to mid-cap technology companies but is avoiding some of the sector's giants.