News

Chinese GDP has risen by 9.1% in the third quarter, its lowest quarterly figure for two years.

Standard Life Investments' European equity manager Iain Galloway has left the firm to pursue other opportunities.

Franklin Templeton's Mark Mobius has said he does not believe there will be a recession in developed or emerging markets despite the ongoing eurozone sovereign crisis.

Capital Economics has said the eurozone debt crisis will have "severe adverse effects" on the UK economy, pushing it back into recession in 2012.

PIMCO's Bill Gross, manager of the world's biggest bond fund, has apologised to his investors for a "stinker" of a year after failing to anticipate the fear driving markets since the summer.

US markets are down 1% and the FTSE has moved into the red after the German finance minster dampened hopes for next weekend's EU summit.

The Financial Services Compensation Scheme (FSCS) has put together a deal to provide liquidity for the Lifemark portfolio to rival a $150m loan offer brokered by Keydata founder Stewart Ford.

Neptune is launching a global long/short fund for founder Robin Geffen and Ted Alexander on 1 November.

First State has hired three investment specialists to complete its emerging market debt team, following the appointment of F&C's Helene Williamson last month.

Bailing out the banks is not a solution to the debt crisis, and eurozone leaders should let troubled banks fail, said investment veteran Jim Rogers.