Economics

Wall Street opened lower today, joining a global equity slump triggered by mounting concerns over Greece's future in the eurozone.

Pictet Asset Management is set to launch an emerging markets high dividend offering for Mark Boulton and Stephen Burrows.

Schroders' Richard Buxton has backed Burberry's plans to increase its investment spend despite a negative reaction from markets today, noting shares look attractive at the current price.

Scottish Widows Investment Partnership (SWIP) has confirmed the members of its revamped global equities team who will be staying following its overhaul.

European equity markets have given up all yesterday's gains as investors remain on the back foot ahead of today's EU summit.

April UK retail sales have come in well below forecast as Bank of England minutes have revealed many MPC members are considering voting for further quantitative easing.

Berlin is to sell up to €5bn of two-year Schatz notes (treasury notes) at auction today with a 0% coupon, as investors' flight to safety gathers pace and heightens 'market dislocation'.

The World Bank has cut its economic growth forecast for China this year from 8.5% to 8.2%, which would be its weakest level in more than a decade.

J.P. Morgan has altered the investment process on its £533m Cautious Total Return fund, handing some of the stock selection decisions to JPM's specialist teams.

Facebook shares fell another 8% on its third day of trading on the Nasdaq after the stock closed 11% lower on Monday.