Economics

Each of the nine members of the Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at the historic low of 0.5% this month, minutes from their latest meeting show.

Schroders has launched a Luxembourg-domiciled Global Multi-Asset Income fund for recent hire and multi-asset head Nicolaas Marais.

Reports suggesting Bank of Canada governor Mark Carney is being lined up to replace his Bank of England (BoE) counterpart Sir Mervyn King have been denied.

The Italian government has dramatically cut its growth economic growth forecast for this year, according to an official document seen by Reuters.

Global markets were higher across the board today with gains in Europe followed by a strong start on Wall Street.

FMG, a specialist emerging markets investment firm, has launched a Mongolian-focussed investment fund.

The International Monetary Fund has revised up its forecast for UK GDP growth in 2012 from 0.6% to 0.8%, amid the return of "some optimism" to the global economy.

Fund managers have increased cash positions significantly in the last month as investors scale back their risk-taking, a recent survey found.

Goldman Sachs posted a 23% drop in profits in the first quarter of the year but managed to beat analysts' expectations, after a rebound in trading and credit markets boosted its revenue.

A successful manager can add as much as 5% to the value of a fund every year, according to a new study.