Economics

Jim O'Neill, chairman of Goldman Sachs Asset Management, has warned the need for German-led fiscal integration in the eurozone would make it increasingly difficult for all countries to stay in the single currency.

The Greek debt crisis dominated our best-read chart this week as managers offered criticism and solutions.

US non-farm payrolls for October have come in below expectations, but revisions to previous figures have helped reassure markets as investors wait for further developments on Europe.

Rathbone Unit Trust Management (RUTM) is planning to launch clean, low-cost share classes priced at 0.75% AMC across its fund range next year.

Bank of America is planning to issue new shares in exchange for existing preferred stock and debt that has lost value during the downturn this year.

Part nationalised bank Royal Bank of Scotland today reported clean operating profits had fallen sharply in the third quarter, while it had also taken a loss on its Greek debt holdings.

The deputy governor of the Bank of England has revealed how the Monetary Policy Committee (MPC) nearly raised rates earlier this year, before the downturn hit markets.

FIVE OF THE BEST

IT IS NOT ALL ABOUT EUROPE

Both the German Dax and the French Cac 40 are rallying on hopes Greece is more likely to accept the debt deal, and as the ECB takes action to tackle the crisis.