Economics

China's tightened monetary policy appears to be having the desired effect on inflation as figures for last month showed CPI dipped to 6.1% in September.

Slovakia has become the final eurozone nation to approve the expansion of the European Financial Stability Facility after its parliament ratified the plan at a second vote.

The S&P 500 has opened down 0.85%, with financials under pressure after J.P. Morgan reported its third quarter results.

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Scottish Widows Investment Partnership (SWIP) has boosted its real estate offering with the hire of five investment managers.

Eurozone banks may have to raise €200bn to boost their capital reserves under a proposal from the European Banking Authority (EBA).

Barings' head of Asian equities Colin Ng is rotating his portfolio away from industrials and petro-chemical stocks that took a hit in the summer sell-off, and has been adding to banks.

Brian Gallagher, manager of the £22m UBS Equity Income fund, has left the firm, with his fund handed over to Edward Peter-Hoblyn and Richard Lloyd.

Peter Mandelson, the Labour party peer and former European Commissioner, has warned Europe is facing not one but four crises which policymakers must tackle.

Unemployment in the UK increased by 114,000 for the three months to August to 2.57m people - the highest number since 1994, according to the Office for National Statistics (ONS).