Equities

Investment veteran Warren Buffett expects US growth to continue "inching ahead" of its Western counterparts, despite the looming fiscal cliff putting the country at risk of slipping back into recession.

US investment banking giant Bank of America has been hit with a $1bn (£624m) lawsuit from the government over allegations it fraudulently issued "toxic" loans.

Scottish Widows Investment Partnership (SWIP) has hired Lynda Shillaw as director of real estate.

SWIP's James Clunie is considering doubling the size of his short position in battered luxury brand provider Mulberry on the belief the stock could see further weakness.

US SPECIAL

EMs

Projit Chatterjee, co-portfolio manager of the UBS Emerging Markets Equity Income fund, tells Joanna Faith what has helped and hindered his recent performance.

Schroders' head of UK equities Richard Buxton says market timing has never been more essential, with the FTSE 100 set to remain stubbornly range-bound over the medium term.

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