News

Eurozone leaders' failure to call for ECB intervention on the continent's debt crisis at a press conference yesterday caused the euro to fall to a seven week low against the dollar.

Martin Currie's global resources manager Chris Butler is set to leave the firm on 31 December.

The search for income has become increasingly difficult in a world of slashed dividends and low interest rates. However, Gary Potter, co-manager of the Thames River multi-manager range, has been looking for alternative sources of income less correlated...

Pictet Asset Management has launched the PTR Banyan fund, an Asia ex Japan long/short strategy, to be managed by Nidhi Mahurkar.

Newton's Simon Laing has joined Invesco Perpetual as head of US equity fund management.

Veteran investor Jim Rogers is shorting Indian stocks in the view the country's high level of debt will cause growth to stagnate, he told CNBC.

Fund managers in the US equity income space are favouring stocks in the consumer sector despite slower consumer spending seen in the past month.

US equity valuations are at a 40-year low and represent an excellent opportunity for investors in the medium term, according to Jerome Nunan at Aviva Investors.

Credit rating agency Fitch has downgraded Portugal's credit rating from BB+ to BBB- due to its fiscal imbalances and high indebtedness, and the worsening outlook for Europe.

The UK economy grew by 0.5% in the third quarter, the Office for National Statistics confirmed today in its second official estimate.