Global

HSBC is in discussions with Old Mutual over acquiring a 70% stake in South African bank Nedbank.

HSBC has launched its Global Inflation Linked Bond fund with overweights to the US and Japan, but an underweight to the UK.

Jupiter star manager Philip Gibbs will need to generate a higher return to obtain a performance fee this year after being forced to change the benchmark on his International Financials fund.

Former Prime Minister Tony Blair has formed his own investment advisory business offering services to high net worth clients and global funds.

HSBC Global Asset Management believes there is a "decent chance" of a global markets rally in the fourth quarter, as investors are currently overly pessimistic about the outlook for economic growth.

THE BIG QUESTION

Bank of America could offload its 34% stake in the world's largest asset manager BlackRock.

M&G's Richard Woolnough discusses what the future holds for the global economy on the third anniversary of the credit crunch.

The suggestion he might be doing cartwheels down the streets of Tokyo might be bestowing the late Benjamin Graham with an unlikely athletic prowess.

THE ALCHEMIST