Head of European high yield at Aberdeen believes low interest rate climate makes income from high-yield bonds more attractive to investors
Tim Geithner, the US Treasury secretary, shrugged off warnings from a leading ratings agency about the US public finances as he sought to reassure Wall Street he world's largest economy would be able to maintain its highly-prized AAA rating.
China has the economic scale, the financial firepower and world influence that should be the envy of most developed markets, says Neptune manager Douglas Turnbull.
Investors have said it is unlikely a full-blown downgrade of the US will take place in the next few years following yesterday's move by S&P.