News

The European Central Bank(ECB) should launch an "unlimited" bond buying programme to help stem the eurozone debt crisis, according to the secretary-general of the OECD.

Simon Cowan is to join Ignis Asset Management as fund sales director as the group continues to restructure the UK retail business away from the joint venture boutiques.

Fears Chinese government's stimulus plans are not enough leave managers waiting on the sidelines.

Federal Reserve Chairman Ben Bernanke has indicated more quantitative easing measures will be pumped into the US economy when it is needed to avert long-term damage, but his lacklustre speech failed to impress those seeking a firmer commitment.

The Japanese government is being forced to consider suspending state spending as it emerged it could run out of cash within a month.

Former Axa Framlington Japan fund manager Anja Balfour has joined the £248m Martin Currie Pacific trust, in a non-executive director role.

UK shares were making tentative moves higher in mid-morning trading, ahead of the Jackson Hole speech by Federal Reserve chairman Ben Bernanke later today, with other markets also rising.

AXA Investment Managers has shut its £5.5m AXA Framlington Talents fund because of its small size while Charles Firmin-Didot, the creator of the Talents strategies, has left the group.

The Confederation of British Industry and British Chambers of Commerce have each cut their 2012 UK GDP forecasts and called for the government to do more to prompt growth.

Ex-Threadneedle manager Andrew Holliman has revamped his investment process since joining Polar Capital to run its US offering, taking a less conservative approach on the more focused portfolio.