Economics

A continuation of the crisis in emerging markets will spell further pain for developed equity markets, Carmignac Gestion managers have said.

UK GDP rose by 0.7% in Q4, according to an initial estimate from the Office for National Statistics, with growth for the year as a whole rising at its fastest rate since 2007.

Royal Bank of Scotland is facing an £8bn loss for 2013 after announcing an additional £3.1bn of provisions for litigation and mis-selling costs.

M&G's Mike Riddell has questioned the sharp rise of China's investment to GDP ratio, comparing the figure with former bubble countries including Iceland and Asian countries during the 1997 crisis.

Fresh plunges in the value of emerging market currencies have send equities sharply lower this morning, with an analyst downgrade adding to the pain for EM-focused Aberdeen.

The Governor of the Bank of England has indicated his policy of linking interest rates to unemployment could be scrapped less than six months after its creation.

Nick Gartside, J.P. Morgan Asset Manegement's global fixed income CIO, explains why he expects any further sell-off in fixed income to be more muted, after the cost of shorting government debt jumped.

Investors' misplaced belief that US stocks are overvalued has made it the "most unloved bull market" in 40 years, veteran US fund manager Ed Cowart has said.

The sharp drop in the UK unemployment rate and mounting expectations of a 2014 rate hike pushed sterling to a two-year high versus the US dollar in morning trading.

Aviva CFO Pat Regan is to leave the company after three years to take up a post in Australia.