News

Stronger than expected employment data could not prevent Wall Street selling off at the open this afternoon.

Jason Hollands has been charged with overseeing Bestinvest's business development and communications as he rejoins the wealth manager after almost a decade.

The yield on UK gilts has fallen to a new record low during trading today, as demand for safe havens picks up once again following indecision from the Fed over expanding its stimulus programme.

Allianz Global Investors will reopen its soft-closed renminbi bond fund to investors on 6 August due to redemptions and increased liquidity in the market.

Ten-year US Treasury bonds were sold at a record low yield at auction yesterday, as fears that the US economic recovery is fading mounted.

Former Ardevora partner Rob Page is to join Hermes Fund Managers as head of marketing and communications, as the institutional house pushes into the UK wholesale market for the first time.

Imminent plans for another round of US quantitative easing were ruled out yesterday following the publication of the US Federal Reserve minutes, disappointing markets.

Former boss of Barclays Bob Diamond could be called to Congress to face questions from US politicians, the Guardian reports.

HSBC has revealed it faces a hefty fine - estimated at $1bn by analysts - from US regulators for failing to have the right anti money laundering controls in place from 2004 until 2010.

Goldman Sachs has predicted the London Olympic Games will boost the nation's economic output by as much as 0.4 percentage points in Q3.