UniCredit, Italy's top bank, is set to launch a rights issue to help strengthen its balance sheet after reporting losses of €10.64bn.

Consumer Prices Index (CPI) inflation dropped to 5% in October, down from 5.2% the previous month, the Office for National Statistics said today.

Former prime minister Tony Blair has warned against any break-up of the eurozone as the region takes steps to deal with the most serious challenge it has faced since its formation.

Legendary investor Anthony Bolton has said his optimism on China has been "severely tested" after the sell-off in September hammered share prices, while his trust saw its NAV fall 29% over the last six months.

Japan's economy rebounded in the third quarter, growing for the first time since the catastrophic earthquake in March.

Europe's €1trn rescue fund has been forced to deny it bought some of its own debt following a report over the weekend that investors have rejected its bonds because of the worsening European debt crisis.

Gilt yields fell to a new record low yesterday as investors sought out safe havens from the eurozone crisis.

Fidelity manager discusses the growing risk of another UK recession, the European debt crisis, and prospects for global government bonds.

Ratings agency Standard & Poor's (S&P) was last night at the centre of a storm after it accidentally downgraded France's AAA rating.

Patrick Evershed has claimed investors in New Star's Property fund lost millions of pounds after the group continued to advertise the fund despite warnings from its property team that prices were over-inflated.