Global

LUXURY GOODS

ON INDIA

ON ASIA

First State Investments has formally announced the soft-closure of Jonathan Asante's £4bn GEM Leaders fund.

George Soros has reportedly made £40m in a day through a short position on the Australian dollar.

ON ASIA PACIFIC

ON NORTH AMERICA

Dalton SP's Nabeel Mughal has cut consumer discretionary stocks and piled the cash into industrials on fears over the strength of US consumer spending.

Veteran investor Warren Buffett has told investors Ben Bernanke's interest rate policy has been "brutal" for holders of bonds and punishing to savers.

Japan's main equity market surged to a five-year high on the first day of trading after the country's Golden Week public holiday.