Markets

The co-founders of Armstrong Investment Managers are in talks over the future of the business as the power couple goes through a divorce.

Outgoing Bank of England (BoE) governor Sir Mervyn King has accused banks of attempting to influence financial regulation by putting pressure on senior politicians - including the Prime Minister.

The BBC has raised £170m to help finance BBC Worldwide after tapping bond markets for the first time in its history.

LATIN AMERICA

Reducing the base rate from its current historical low of 0.5% into negative territory "remains an option" for the Bank of England's Monetary Policy Committee (MPC), deputy governor Charles Bean has said.

A dramatic shift in the outlook for interest rates has been seen with money market indicators now pricing in a base rate rise in the UK to 0.75% in two years' time rather than three.

Chinese stocks sank deeper into bear market territory on Tuesday as fears over a credit crunch in China escalated.

It is "inevitable" Italy will need an EU bailout in the next six months, according to analysts at the country's second largest bank.

Investors have ploughed more than £34bn into underperforming funds which have severely lagged peers over the past three years, the latest RedZone report from Chelsea Financial Services reveals.

ON UK INCOME