Economics

Ardevora, the asset management group set up by ex-Liontrust star Jeremy Lang, has seen assets under management climb above £100m for the first time.

China has widened the yuan's trading band, moving it a step closer to becoming a fully tradable global currency.

Standard & Poor's (S&P) has reaffirmed its AAA credit rating for the UK and forecasts the government's net debt burden will peak next year.

Among Investment Week's best read news stories last week were the discovery of a new acroynm; George Osborne's shock over tax dodging revelations; and a list of the funds that would have served you well in the first quarter.

Scottish Widows Investment Partnership (SWIP) has moved to reassure wealth managers that one of its rising stars, absolute return manager James Clunie, will remain in his role despite a major overhaul of its equities business.

US markets opened lower today while the FTSE 100 continued its slide as economic data from China and concerns over Spain's finances dampened sentiment.

SPAIN

The head of asset allocation at Schroders Private Bank has cut back clients' exposure to gold amid fears the price has further to drop.

J.P. Morgan Chase, the US banking giant based in New York, saw profits fall 3.1% overall in Q1, but still beat analysts' forecasts.

As governor Mervyn King approaches the end of his tenure, speculation is mounting over who will take the hot seat at the Bank of England when he steps down.