News

Evidence of investors moving back into European equities has increased as two industry reports reveal it has overtaken emerging markets in a preferred list of asset classes.

The US unemployment rate has fallen below 8% for the first time since January 2009, raising hopes over the strength of the US recovery and giving global equities a boost.

The Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back payments from discretionary investment managers in exchange for recommending their services.

India's National Stock Exchange has said 59 "erroneous orders" were responsible for a plunge in Indian equities that saw the S&P ‘Nifty' index shed 15% earlier today.

RBS has suspended a trader for trying to rig the Singapore dollar swap offer rate, according to reports, in the latest case of interest rate benchmark manipulation.

The Association of Investment Companies has joined Morningstar in urging investment companies to fully disclose portfolio holdings so they can compete with open-ended funds in a post-RDR environment.

Barclays has restructured its investment banking arm in an effort to cut costs and limit further reputational damage following the LIBOR scandal.

A number of celebrities, including Weakest Link presenter Anne Robinson and members of Take That, have been exposed as participants in a £1.2bn tax avoidance scheme, according to reports.

F&C Investments is launching a pan-European property securities long short fund, to be managed by Marcus Phayre-Mudge and Raymond Lahaut, Investment Week has learnt.

Spain's economy minister Luis de Guindos denied his country needs a bailout as he gaave a speech to the London School of Economics.