News

Monetary Policy Committee(MPC) member Adam Posen has revealed his reasons for abandoning his call for further stimulus to boost the UK economy, following the publication of this month's minutes.

Monetary Policy Committee member Adam Posen's surprise decision to curtail his calls for further quantitative easing in the UK raises questions over the Bank of England's next move.

Canny investors should have heeded the "clear signal" to buy equities in December, as they are set to rise despite the threat of a bear market in bonds, said Investec's Max King.

Barclays has bowed to pressure from shareholders ahead of its AGM by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.

Kames Capital's investment grade bond managers Stephen Snowden and John McNeill have accused regulators of making the credit crunch even worse by imposing too many restrictions on banks too soon after the financial crisis.

Standard Life Investments has hired former Threadneedle EMD head Richard House to lead its drive into the emerging market debt space.

The International Monetary Fund (IMF) has raised an additional $320bn (£199bn) in a bid to boost its firepower to deal with the eurozone debt crisis.

Invesco is one of the front runners to buy ING's £500m Asian asset management division, according to reports.

Alain Dromer is to step down as CEO of Aviva Investors after insurance group parent Aviva revealed plans to simplify its business.

European markets were firmer this morning after the results of the much-anticipated Spanish debt auction were annouced.