Economics

Investors should ready themselves for a stronger gold price correction, said investment veteran Jim Rogers.

Japanese bank Nomura has slashed assets linked to Italy by 83%, among other cuts, on debt crisis fears, Bloomberg reports.

The European equity fund market has nearly halved in size since 2007, slimming down to €314bn in assets under management at the end of September 2011, according to a Fitch report.

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The Federal Reserve gave out $1.2trn in loans to US banks secretly in 2008, Federal documents have revealed.

Fitch has become the third ratings agency to downgrade the outlook for the US, from stable to negative, following a congressional committee's failure to finalise deficit cuts.

Around 42% of hedge fund managers see the potential for a default or restructure by Italy and Spain, according to a survey.

Chancellor George Osborne is expected to claim today he has saved the taxpayer £21.5bn in debt interest payments.

Europe may see a ‘twin track' single currency emerge as the sovereign debt crisis unwinds, said Schroders' Richard Buxton.

US markets have opened 3% higher as investors pin their hopes on the latest promise of eurozone action in the shape of tighter budgetary controls.