The head of asset allocation at Schroders Private Bank has cut back clients' exposure to gold amid fears the price has further to drop.

J.P. Morgan Chase, the US banking giant based in New York, saw profits fall 3.1% overall in Q1, but still beat analysts' forecasts.

As governor Mervyn King approaches the end of his tenure, speculation is mounting over who will take the hot seat at the Bank of England when he steps down.

Reports of a 'light sheen' of oil found near production sites in the Gulf of Mexico sent shares in the UK oil majors lower this morning.

The US Attorney General has filed a civil antitrust action against Apple and a number of publishers accusing them of colluding to sell e-books for higher prices.

India's main index suffered a sell-off this morning after an earthquake registering 8.7 on the Richter scale struck off the coast of nearby Indonesia.

Yields on tranches of German debt fell below the amount paid by Japan for the first time ever mid-afternoon, as investors considered the likelihood of another round of stimulus in Europe.

Economists have suggested scrapping bank holidays in the UK in order to boost the country's sturggling economy by as much as £19bn a year.

REGULATION

The FSA's director of supervision at its conduct business unit, Clive Adamson, told an investor in the Arch cru funds that complaining to their IFA was the ‘best course of action' in order to get some form of redress, as the scandal broke in 2009.