Equities

Yields on Greek 10-year government bonds have rocketed to record levels as fears rise the nation could default on its debt repayments, the FT reports.

Arguments for the beleagured Europe ex UK sector are getting stronger, but growth figures flatter the region warn managers

Dominique Strauss-Kahn this morning gave in to mounting pressure following his arrest for an alleged sexual assault by resigning from the IMF.

LVAM's Mark Page and Laurent Millet are joining Artemis' European equity strategies team in early September.

Dominique Strauss-Kahn's role as head of the International Monetary Fund (IMF) looks increasingly untenable following comments from US Treasury Secretary Tim Geithner he "cannot run" the IMF.

The world's largest search engine is borrowing $3bn (£1.85bn) from the bond market as the returns investors demand from creditworthy companies declines to its lowest since November, the Telegraph reports.

European governments yesterday discussed the prospect of a fresh multi-billion euro bailout for Greece - just a year after committing €110bn - in a bid to calm the markets and stabilise the region's currency.

The US treasury is battling to slash spending after the country's national debt soared to $14trn, reaching a self-imposed limit set by Congress last century.

Warnings from the White House, an RBS share sale, fake mortgages and PPI winners - our round-up of today's national newspapers.

Ignis Argonaut's Barry Norris has moved overweight defensives for the first time in two years as he believes the cyclical rally in European equities may be over.