News

Investec's Ken Hsia is taking over management of its onshore and offshore European equity funds as part of a reshuffle of responsibilities at the group.

The sheer size of US corporate cash piles could provide a boost to the wider economy this year, according to Capital Economics.

US markets opened lower ahead of tomorrow's key jobs data, as the global sell-off gathered pace on negative news from Europe.

The Treasury has put proposals to widen the investment universe for venture capital trusts on hold to protect the vehicles from losing their tax advantages.

Rathbone Brothers' subsidiary, Rathbone Investment Management, has acquired wealth management firm RM Walkden & Company following a stream of hires.

Former Bank of England committee member Andrew Sentance said today's decision by the MPC to keep its £325bn quantitative easing programme on hold is no surprise.

The Bank of England has held interest rates at 0.5% and resisted another round of quantitative easing amid tentative signs of an improvement in the economic outlook.

Exchange-traded products gathered net new assets of $67.3bn during the first quarter of 2012, making it the best start to the year ever for the industry.

The Bank of England is expected to resist unleashing extra emergency support for the economy today amid mixed signals over the fate of the recovery.

Global markets continued their downward trend this morning as fears re-emerged about the state of European and the US economies.