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Franklin Templeton Investments' Michael Hasenstab has defended his Hungarian debt position amid reports the group owns 10% of the country's local bond market.

The FTSE 100 was trading higher this morning ahead of the release of a crucial jobs report in the US which will indicate how the recovery is progressing.

Old Mutual Asset Managers' bond fund manager Stewart Cowley has warned investors in gilt funds face major headwinds in 2012, after falls in yields to record lows left them with little protection from coupons if prices start to come down.

Dragons' Den star Peter Jones is among a group of potential buyers interested in acquiring ailing firm Blacks Leisure.

The UK arm of accountancy firm PwC has been fined a record £1.4m after it failed to discover billions of dollars of client money had been ringfenced improperly at US bank J.P.Morgan Chase.

The board of Anthony Bolton's Fidelity China Special Situations fund has bought back a further 750,000 shares in a bid to narrow its discount.

The Swiss banking chief caught up in a political storm over allegations his wife shorted the Swiss franc just days before intervention from the central bank, has given a statement defending the transacations.

A trial date for the recovery of assets of Joe Ezaz, the former senior partner of a law firm who is accused of misappopriating €9.8m of investors' cash in the Stirling Mortimer Global Property fund, has been set.

Billionaire investor Warren Buffett will sing and play guitar on Chinese state television as part of the country's new year celebrations.