Economics

Measures to increase confidence in the UK housing market could herald a new house price bubble, economists have warned.

Two former J.P. Morgan traders have been charged in the US over the scandal that saw the bank sustain losses of $6bn.

The eurozone has come out of recession, recording GDP growth of 0.3% in the second quarter to bring a record 18-month contraction to an end.

Sterling rose against other major currencies this morning after the minutes from Monetary Policy Committee (MPC) meeting showed most members backed Mark Carney's forward guidance policy on interest rates.

Global fund managers have become significantly more confident on the outlook for growth, according to a survey by Bank of America Merrill Lynch.

Financial services group Resolution helped push the FTSE 100 index higher this morning after better-than-expected half-yearly results.

The UK's headline inflation rate fell back to 2.8% in July, matching analysts' expectations, the latest data has revealed.

Japan's Nikkei has soared while the yen has tumbled against the dollar, amid speculation the government is considering a corporate tax cut.

BIQ QUESTION

Swiss international investor Hansa Aktiengesellschaft has bought specialist fund manager SVG Investment Managers Ltd (SVGIM) from SVG Capital, subject to regulatory approval.