India's growth rate has dropped to its lowest level in nine years as falling external investment, a weak rupee, and an erosion of confidence impact the economy.

Greece is only being kept in the euro to enable banks in northern Europe to retrieve money they have in the stricken nation, said Old Mutual's Christine Johnson.

Markets in Europe were selling-off across the board today as Spain's banking crisis deepens.

Shares in Facebook tumbled to a new low overnight in the latest low point in one of the worst ever IPOs.

Investec has appointed Guinness Asset Management's Tom Nelson and Newton's Charles Whall to run its Global Energy fund, replacing exiting co-managers Mark Lacey and Jonathan Waghorn.

The latest sale of index-linked 50-year gilts was completed in record time today, as investors snapped up £4bn worth of debt.

Opting for either austerity or growth in the UK will not be enough to tackle the real structural problems facing the country, according to a leading economist.

Talk of plans to rescue the eurozone's banking system, alongside hopes Greece can remain in the single currency, lifted shares in early trading today.

Furious Greek citizens have attacked Christine Lagarde, head of the International Monetary Fund (IMF), after she accused some of "trying to escape tax."

European leaders are working on a scheme to tackle the eurozone crisis which, if implemented, would see a continent-wide rescue fund seize control of struggling banks.