Economics

THE BIG QUESTION

FIVE OF THE BEST

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.

The yield on German bunds has risen above UK gilts for the first time since 2009 after Japan shifted out of bunds overnight following Germany's disastrous debt auction.