Fewer financial institutions will be able to dodge the incoming FATCA rules, according to the latest agreement on the US tax regime.
Markets dipped into the red this afternoon after a weaker start in the US, as a round of poor corporate updates weighed on investor sentiment, compounding eurozone fears.
M&G is to explore ways to slow inflows into Richard Woolnough's £6.3bn Corporate Bond and £5bn Strategic Corporate Bond funds.
Goldman Sachs Asset Management chairman Jim O'Neill looks back over a week of mixed economic indicators from two of the world's leading powerhouse nations.
Neptune's Alex Breese is taking an overweight position to the media sector in his UK Special Situations fund.
The S&P 500 climbed to a two-month peak last night, closing at its highest level since early May.
The majority of global equity funds underperformed the market in the first half of 2012, with many managers wrong-footed by the US outperformance.
The pace of new housing starts in the US has accelerated to its fastest rate in three years, providing a bright spot for US investors unsettled by weakening macro data.
HSBC has apologised to the US Senate after the bank was found to have allowed drug money to be laundered through its accounts.