News

Yields on Australian bonds have hit a record low after a wave of investors sold out of German bunds and other debt and flocked to what is seen as one of the few remaining safe havens.

Investors have accumulated the largest-ever gold hoard this week as Europe's deteriorating debt crisis has prompted investors to flock to safe havens.

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Invesco Perpetual's Nick Mustoe and John Greenwood have warned the eurozone crisis could turn into a credit crunch style event akin to the Lehman collapse as banks tighten restrictions on lending to each other.

Italy has been forced to pay record interest rates in a 10bn euro ($13bn; £9bn) auction of treasury bills.

Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata yesterday sent out letters with the names and addresses of every firm it is chasing. We can now exclusively reveal the full list.

Jim Cox, the former head of UK equities at Schroders who mentored many UK equity managers over the last 30 years, has died.

Hungary has lost its investment grade credit rating from Moody's after the country went cap in hand to the International Monetary Fund (IMF).

Thomas Cook shares jumped 47% on Thursday in anticipation of an announcement the travel giant has secured the £100m loan it needs to avoid going bust.

UK banks are coming under renewed regulatory pressure to curb dividend and bonus payments to prepare for a disastrous euro break-up.