News

European stocks dropped this morning as concerns grow over Greece's struggle to form a new government, and the French election results create uncertainty.

Senior Liberal Democrats believe the party may have to "disengage" from government early to avoid a heavy defeat at the next general election in 2015, according to reports.

Spain has unveiled plans to clean up its stricken banking sector in an attempt to prevent the economy from derailing.

Senior executives at Lehman Brothers knew of the risks which led to the investment bank's collapse, and chose to ignore warning signs as early as 2007, according to new documents.

Pimco's Bill Gross, manager of the world's largest mutual fund, has called for the US authorities to intervene in currency markets to bolster the US economic recovery.

The Association of Investment Companies (AIC) is advising members with modest investments in US securities to avoid signing up to FATCA, in the same week as the IMA called for a further delay to the deadline.

Andrew Moss, the chief executive officer of insurance giant Aviva, is leaving the group.

Global markets are selling off swiftly this afternoon as disappointing US payroll data sparks fears the US recovery is unsustainable.

Our most read stories of the week featured a look at how sterling's rise is affecting the UK, the FSA's latest action over Arch cru, and Hugh Hendry and Albert Edwards warning on two imminent crises.

Yields on German government bonds have fallen to a new record low amid weaker than expected jobs data from the US.