The European Commission has revised down its economic growth forecast for the rest of the year, saying growth in the eurozone will grind to a "virtual standstill".

Steven Logan, the co-manager of SWIP's £1.3bn High Yield Bond fund, has picked five high yield bonds to give investors stability in an uncertain environment.

European markets could see heavy losses in a rapid US-style flash crash, warned Nigel Thomas, manager of the £2.8bn AXA Framlington Select Opportunities fund.

UBS Global Asset Management has announced multiple hires to boost its fixed income and global offerings.

Stocks in the US and Asia rallied overnight after Italy turned to China for help with its debt crisis.

US markets opened lower this afternoon, following falls across Europe today as fears of a Greek default resurfaced once more.

GAM has unveiled the GAM Star Credit Opportunities fund, a UCITS III corporate credit fund that will drive returns through investing in undervalued, US dollar-denominated corporate credit.

Head of the International Monetary Fund Christine Lagarde has called for the G7 leaders to take urgent action at their upcoming meeting to safeguard the global economic recovery.

Bondholders who lost money in the Icelandic banking crash are poised for a legal battle with UK councils to renew their right to claim back £5bn they lost, the Telegraph has reported.

AXA Investment Managers has expanded its suite of bond funds with the addition of the Europe Short Duration High Yield fund.