Markets

The Accounting and Actuarial Discipline board has launched an investigation into the accounting errors discovered at RSM Tenon earlier this year.

SLOW MOTION COLLAPSE

Henderson is to close its Japan Absolute Return fund and merge away two other vehicles in the latest phase of its fund rationalisation process.

The US Department of Agriculture (USDA) has slashed its forecasts for corn production and predicted sharp price rises, warning a drought and heatwave have destroyed much of the country's crop.

Japan's GDP grew by 0.3% in the second quarter of the year, down from 1% in Q1, as the eurozone crisis hurt exports and domestic consumption remained subdued.

ON UK INCOME

ON NORTH AMERICA

It has been a bad week for Standard Chartered, and the explosive charges the bank faces dominated the headlines this week.

The UK economy has been given a surprise boost after the latest official data from the construction sector showed a smaller decline in output than previously announced.

M&G reported a 53% rise in net investment flows in the first half of the year, with retail investors driving the £4.3bn of flows.