Economics

Hector Sants, the current chief executive of the Financial Services Authority (FSA), and Bank of England governor Mervyn King have been named among the most influential people in the European capital markets.

The Bank's decision to maintain interest rates splits opinion among economists.

BSkyB's shares have plunged again this morning amid further scrutiny of News Corp's takeover bid following the phone hacking scandal.

The FTSE has plunged into negative territory after disappointing US jobs data reignited fears over the economic recovery.

Ignis has hired Mark Holden to run its underperforming £122m UK Focus fund as the group continues to restructure its UK equity team.

The IMA has called upon the European Commission and the US Treasury to abandon proposals which will force fund managers to comply with derivative rulings from different jurisdictions depending on their investor base.

The Chinese government has raised interest rates for the fifth time since October, despite concerns tightening measures are dampening economic growth.

The FTSE 100 fell below the 6,000 level in mid-morning trading as European markets absorbed Moody's downgrade of Portuguese debt to 'junk' status.

Moody's has downgraded Portuguese debt to 'junk' status on fears it will need a second bail out just months after it received €78bn.

Commodities guru Jim Rogers is sticking with his bullish stance on China, despite a recent wave of negative sentiment and losses from Chinese equities.