Economics

Lehman Brothers has emerged from bankruptcy and is now a liquidating company that will begin the process of paying back its creditors and investors before finally being wound up.

INTEREST RATES

Fears about slowing global growth forced markets sharply lower on Tuesday, with the FTSE 100 and indices across Europe tumbling.

UK regulators and global banks are discussing an overhaul of interbank lending rates amid a probe into alleged manipulation of the benchmark.

A 'disorderly' default in Greece could cause more than €1trn (£833bn) damage to the eurozone, a confidential report has warned.

Cazenove Capital has confirmed it is launching its European Income fund, run by star manager Chris Rice, in May this year.

China has cut its annual economic growth target for the first time in eight years, lowering its forecast to below 8% for the first time since 2004.

The FTSE 100, European indices, and US shares all fell on Monday as investors took profits from recent rallies amid signs of a slowdown in China.

Ivan Glasenberg, the chief executive of recently-floated Glencore, has defended the $165m dividend payout he pocketed last year.

The British Chambers of Commerce has cut its forecast for UK GDP growth for 2012 and has called for the government to announce a modest fiscal stimulus should public sector borrowing come in under target for 2011/12.