China is cutting import tariffs and easing restrictions in an attempt to re-balance its trade policy, says US Treasury Secretary Timothy Geithner.

Carl Stick has totally sold out of bank holdings in his £483m Rathbone Income fund, looking instead to stocks in the insurance and retail sectors.

Swiss & Global Asset Management has launched the Julian Baer Health Opportunities fund to capitalise on growth potential in the global healthcare sector.

Jupiter has promoted Philip Matthews to the role of deputy manager on the £2.5bn Jupiter Income trust, run by Anthony Nutt.