News

The FTSE 100 has found support around the resistance level of 5,000 points as investors weigh up Greece's latest troubles.

Allianz Global Investors has unveiled its second renminbi fund which aims to offer investors exposure to the expected appreciation of the currency.

JO Hambro Capital Management has launched two Asian equity funds following its acquisition of Singapore boutique Silver Metis Capital Management earlier this year.

HSBC Global Asset Management (GAM) is to launch three low-cost portfolios, offering access to global equity and bond markets as well as alternative investments.

BlackRock has launched an Absolute Return Bond fund for Ian Winship, targeting positive performance above cash in all market environments.

News that Greece will fail to meet deficit reduction targets pushed the FTSE 100 down 2.8% at open, dragging it below 5,000 points.

Commodities investor Jim Rogers has been appointed to the board of the farmland investment firm Genagro Ltd as a non-executive director.

PIMCO has launched a Global Multi-Asset fund for chief executive Mohamed El-Erian.

Speculation is mounting the Bank of England may be close to cutting base rates to 0.25% and pumping at least £50bn more into the economy through quantitative easing.

Wall Street bankers who feel they have been singled out to blame for the financial crisis are refusing to fund President Barack Obama's next election campaign, Warren Buffett has said.