Economics

Yields on Australian bonds have hit a record low after a wave of investors sold out of German bunds and other debt and flocked to what is seen as one of the few remaining safe havens.

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Invesco Perpetual's Nick Mustoe and John Greenwood have warned the eurozone crisis could turn into a credit crunch style event akin to the Lehman collapse as banks tighten restrictions on lending to each other.

Hungary has lost its investment grade credit rating from Moody's after the country went cap in hand to the International Monetary Fund (IMF).

Thomas Cook shares jumped 47% on Thursday in anticipation of an announcement the travel giant has secured the £100m loan it needs to avoid going bust.

Eurozone leaders' failure to call for ECB intervention on the continent's debt crisis at a press conference yesterday caused the euro to fall to a seven week low against the dollar.

Pictet Asset Management has launched the PTR Banyan fund, an Asia ex Japan long/short strategy, to be managed by Nidhi Mahurkar.

Veteran investor Jim Rogers is shorting Indian stocks in the view the country's high level of debt will cause growth to stagnate, he told CNBC.

The UK economy grew by 0.5% in the third quarter, the Office for National Statistics confirmed today in its second official estimate.