Economics

Eurozone optimism has buoyed markets this afternoon with almost all major indices in positive territory.

Rajat Gupta, a former director of Goldman Sachs, has been arrested by the FBI on suspicion of leaking information to jailed hedge fund billionaire Raj Rajaratnam.

Investec's Alastair Mundy has warned against investing in UK banks despite historically low valuations, with the threat of nationalisation looming large over leaders in the sector.

Confusion over the extent of measures due to be announced at the EU summit today have sparked fresh concerns over policymakers' ability to resolve the sovereign debt crisis.

The yen climbed to a post-World War II high against the dollar yesterday, after Europe's debt crisis spurred demand for safe havens.

Fidelity's Anthony Bolton has doubled his holding in banking giant HSBC within his China Special Situations investment trust.

BP's better than expected results lifted shares in the oil major today, but investors and analysts remain divided about whether to overweight the stock.

The UK's Debt Management Office (DMO) has launched what it believes to be the longest dated inflation-linked government bond in the world after unveiling a tranche of 50-year gilts.

US markets opened lower today as investors remained cautious on tomorrow's European summit aimed at solving the sovereign debt crisis.

Bank of England governor Mervyn King appeared before the Treasury Select Committee this morning to answer questions on his inflation forecasts and quantitative easing programme.