Economics

John Paul Temperley, manager of the Martin Currie Japan Alpha fund, reveals five stocks to buy on hopes the Japanese economy has bounced back after the impacts of the quake.

DEFLATION

Jim O'Neill, the head of Goldman Sachs Asset Management, has predicted China could overtake the US as the world's largest economy by 2027 and urged a rethink of the G7 away from domination by the West.

Phoenix Group, the parent of Ignis Asset Management, is considering a takeover offer, believed to be around £1bn, from private equity firm CVC Capital Partners after a bid from rival Resolution fell through.

Talks in Washington aimed at cutting the level of US government debt are on the verge of failure, the BBC understands.

AXA Investment Managers has confirmed plans for a global strategic bond fund for fixed income manager Nick Hayes.

Capita Financial Managers, which wants Arch Cru investors to accept a payoff linked to the sale of assets from the suspended fund range, has admitted that three-quarters of the remaining value of the cells is uncertain.

Global markets were spooked by Spanish bond yields spiking to near-critical levels, with many indices posting losses of more than 1% overnight, and the FTSE 100 opening 1% lower this morning.

Germany has drawn up plans that would see Britain relegated to a group of countries which would not be part of the core of a new European Union, according to reports.

Former New Star head of fixed income Theo Zemek today told of the "appalling" atmosphere at New Star, under former CEO John Duffield.