Eurozone rescue plans may flounder in tehir current form as they do not address the core problems facing the region, Capital Economics has warned.

Martin Currie is to close its £18m Pan European Alpha fund and named a new manager for its European fund to replace the departing Eric Woehrling.

GAM has unveiled an Asian equity fund for Michael Lai that will focus on "overlooked" markets in the region.

Martin Currie has changed the name of its Portfolio investment trust to the Global Portfolio trust to better reflect its global focus.

Eurozone countries are divided over the terms of Greece's second €109bn bailout, with seven of the bloc's 17 members pushing for private creditors to accept a greater writedown on their Greek bonds, the FT reports.

US markets added to their overnight gains on open this afternoon, following in the footsteps of European markets, which have rallied for the second day running.

F&C's Ted Scott has called on the Monetary Policy Committee (MPC) to abandon plans for QE2 and buoy the economy using fiscal measures.

Rathbones Unit Trust Management has unveiled a Strategic Bond fund to be managed by Bryn Jones.

WHY EM DEBT COULD BE NEXT BIG SHORT

London markets made gains this morning despite S&P's move to downgrade Italy's sovereign debt rating from A+ to A, with shares recovering some ground lost on Monday.