News

Man Group, the world's second-largest hedge fund, has hired former Pimco international bond chief Sudesh Mariappa as a senior portfolio manager, according to reports.

The FTSE 100 has risen 2.1% and yields on benchmark Italian government debt have touched five-month lows as markets react positively to the ECB's bond-buying plans.

M&G's Mike Riddell has warned the European Central Bank's latest grand plan to buy government bonds will not prevent a wave of selling if countries' economies continue to deteriorate.

PIMCO's Bill Gross has said the Federal Reserve and other central banks are to blame for "the current shipwreck" that is the global economy.

ECB president Mario Draghi has outlined details of a plan to buy unlimited amounts of eurozone nations' short-dated debt in an effort to stem the eurozone crisis.

Kames Capital's Phil Milburn has predicted the European Central Bank will once again fall short of producing a "panacea" for the eurozone debt crisis later today but said the steps expected to be taken are more positive.

The Bank of England's Monetary Policy Committee (MPC) has voted to hold the base rate of interest at 0.5%.

The Organisation for Economic Co-operation and Development has made a sharp cut to its forecast for UK growth in its latest interim economic assessment.

Peter Hargreaves has criticised ministers for failing to shore up the economy, and omitting to "look in their own backyard" for solutions to the problem.

SVM's Donald Robertson has resigned from the group he co-founded back in 1990.