The agreement to avert the US fiscal cliff is the ultimate example of a Pyrrhic victory, according to PSigma CIO Tom Becket.
Asian markets received a New Year's boost as the US House of Representatives passed a last minute deal to prevent the US falling over the fiscal cliff.
HMRC has released further guidance on the UK's plans to implement the FATCA tax regime, which begins next year.
Dalton Strategic Partnership's Peter Kaye is to join Fidelity to run its £1bn American fund, as current manager Aris Vatis leaves the group.
The year started off well for US investors as its major stock markets hit fresh highs in the first half.
Martin Currie's Tom Walker has bought back into US banks for the first time in three years on expectations the sector will return to pre-crisis norms.
US Treasury Secretary Timothy Geithner has sounded a warning over the very real possibility of the US government failing to reach a deal on the fiscal cliff.
Progress in the fiscal cliff talks being held in Washington has given Wall Street a lift as the threat of a possible recession is averted.