US

HSBC says sterling will weaken this year as it faces a "triple cocktail" of potentially destructive factors from China, the US and the eurozone.

The US economy added 155,000 jobs in December, broadly in line with analyst estimates, as the dollar reached a two and a half year high against the yen.

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Wegelin, Switzerland's oldest private bank, is to close permanently after pleading guilty to helping US citizens pay taxes on money held in offshore accounts.

Emerging market stocks rose for the ninth day in a row today on increased investor confidence, driven by positive data from China and the US.

Private bank and wealth manager C. Hoare & Co has shifted its asset allocation focus from the US to Europe for 2013 ahead of an expected boost for the single currency.

Pioneer Investments has appointed David Glazer to the newly-created role of global equities portfolio manager, based in Boston.

Nouriel Roubini has warned the market euphoria surrounding the US fiscal cliff deal is unsustainable, arguing the longer-term outlook for the world's biggest economy remains "bleak".

Global equities are rallying hard as strong data from China and a deal to avert the US fiscal cliff give cause for optimism.

The agreement to avert the US fiscal cliff is the ultimate example of a Pyrrhic victory, according to PSigma CIO Tom Becket.