Economics

The Governor of the Bank of England said he fears active exchange rate management could potentially start a currency war among some of the world's leading economies.

Fidelity's Anthony Bolton has predicted a turnaround in China next year as the economic cycle shifts in the country's favour.

GOSLING'S GROUSE

Panic about house prices, asset bubbles and China caught our readers' attention this year, with the views of leading hedgies and controversial industry figures featuring in our list of the 20 most read stories of 2012.

Business secretary Vince Cable has said the UK could see a triple-dip recession, and event a Japan-style 'lost decade' of zero growth.

Equity markets have been given a boost by the latest monthly jobs figures from the US which show a further fall in the unemployment rate in November.

The Bank of England has held the base interest rate at 0.5%.

GLG Partners is to reopen the top-performing Japan CoreAlpha fund range, run by Stephen Harker (pictured), Neil Edwards and Jeffrey Atherton.

UK-listed Standard Chartered has said it is close to agreeing a further $330m charge with US regulators to settle accusations it failed to comply with sanctions against Iran.

Britain could lose its AAA credit rating after George Osborne admitted he will miss his target to reduce Britain's debts and have to borrow an extra £100 billion.