Equities

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.

Baillie Gifford Emerging Markets Growth has shrunk by 15% following poor performance since the group announced plans to soft-close the fund.

European debt crisis talks have fallen into disarray as the head of the International Monetary Fund, Dominique Strauss-Kahn, was charged with sexually assaulting a maid in a New York hotel.

The economies of the 17 countries in the single currency block grew 0.8% in the first three months of 2011, up from 0.3% in Q4, figures released today reveal.

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