The International Monetary Fund (IMF) today denied reports it is planning a £500bn rescue package for Italy and Spain.

Investment management firms' EMD heads at odds after country sees bonds downgraded to junk status.

Leading fund managers believe gilts now look like the next safe haven bond market to come under threat ahead of DMO sale this week.

The UK will take five and a half years to recover to pre-recession levels, said Bank of England external MPC member Martin Weale in a speech today to the National Institute of Social and Economic Research (NIESR).

Investors have accumulated the largest-ever gold hoard this week as Europe's deteriorating debt crisis has prompted investors to flock to safe havens.

The fund has broader remit than similar ethical products, including oil and gas exposure

Martin Currie's global resources manager Chris Butler is set to leave the firm on 31 December.

Veteran investor Jim Rogers is shorting Indian stocks in the view the country's high level of debt will cause growth to stagnate, he told CNBC.

Credit rating agency Fitch has downgraded Portugal's credit rating from BB+ to BBB- due to its fiscal imbalances and high indebtedness, and the worsening outlook for Europe.

Fears over the European debt crisis have escalated as a €6bn German bund auction fell flat today, showing investors are now demanding even higher compensation from an asset class previously seen as a safe haven.