Economics

Theo Zemek, the former CIO of New Star, will be allowed to appear on behalf of Patrick Evershed during his tribunal for unfair dismissal against New Star.

Spain became the new Italy this morning after the yield on bonds it sold at auction reached a 14-year-high of just under 7%.

Schroders' Richard Buxton has warned investors the chances of the FTSE 100 breaking through the 6,000 level within the next 12 to 18 months is remote.

The price of West Texas Intermediate (WTI) crude hit a near-four month high this afternoon after rising shortly before US equity markets opened.

Consumer Prices Index inflation could fall to 3% by the end of Q1 2012 as the impact of the VAT hike and high oil prices falls away.

Britain must give more to the European Union by agreeing to a Europe-wide tax on financial transactions, according to a senior German politician.

M&G bond fund manager Mike Riddell has warned the crisis in Europe has taken a turn for the worse after bond yields in core European countries rocketed yesterday.

A Federal Reserve official has called for more "monetary accommodation" to tackle surging unemployment and the country's under pressure mortgage market.

The European Commission (EC) has proposed a crackdown on ratings agencies such as Standard & Poor's (S&P) and Moody's which would see them held accountable for mistakes and ensure they followed stricter rules.

UniCredit, Italy's top bank, is set to launch a rights issue to help strengthen its balance sheet after reporting losses of €10.64bn.