News

Shareholders in investment bank Citigroup - which failed a recent stress test - have aired their discontent with the financial giant by voting against giving top executives a larger pay packet.

Tesco reported a rise in profits over 2011-2012 as the CEO pledged to renew focus on the UK business after the firm's first profit warning in 20 years.

Billionaire investor Warren Buffett has been diagnosed with prostate cancer.

The Italian government has dramatically cut its growth economic growth forecast for this year, according to an official document seen by Reuters.

Global markets were higher across the board today with gains in Europe followed by a strong start on Wall Street.

AXA IM is looking to launch a Universal Inflation Bond fund and an Emerging Market Short Duration fund this year as it extends its fixed income range.

Several major European banks will do rights issues this year in a bid to downsize their balance sheets to meet Basel III requirements, said Neptune's Rob Burnett.

FMG, a specialist emerging markets investment firm, has launched a Mongolian-focussed investment fund.

The International Monetary Fund has revised up its forecast for UK GDP growth in 2012 from 0.6% to 0.8%, amid the return of "some optimism" to the global economy.

Billionaire hedge fund boss John Paulson has revealed to investors he is shorting European sovereign bonds.