Economics

China and the United States have agreed to hold economic talks as tensions between the world's two biggest economies continue to rise.

Greece will be forced to restructure its sovereign debt in June 2013 when a spate of longer-term notes will need to be rolled over, according to Patrick Armstrong.

SIX KEY MACRO THEMES

The FTSE has extended yesterday's gains, adding 0.2% in early trading, as strong corporate earnings and upbeat economic data continue to power the index.

The FTSE opened sharply higher in early trading on Wednesday following positive corporate earnings updates in the US and advancing metal prices.

The Monetary Policy Committee (MPC) was again divided six-three against a rate rise earlier this month, minutes from the April meeting reveal.

Mark Page has quit LVAM handing the £227m LV= European ex-UK Growth fund to Richard Falle until a new hire is made.

Invesco Perpetual managers Paul Causer and Paul Read have trimmed high yield and credit exposure in favour of government bonds, including Spanish government debt, on their £3.2bn Monthly Income Plus fund.

Polar Capital's assets under management in long only funds grew by $449m (£274m) in Q1, while AUM more than doubled at the firm in the last year.

Jupiter Fund Management pulled in £333m of assets in the first quarter of 2011, taking AUM to £24.5bn