News

A strong hint from the European Central Bank it will cut interest rates next month has buoyed markets in early trading, following sharp gains in the US and Asia overnight.

Japan has said it will consider helping to save Greece as part of a wider bailout plan as it looks to avert a crisis in global growth.

Goldman Sachs AM chairman Jim O'Neill has proposed an alternative 'rules-based investing approach' he believes can produce lower risk equity market returns.

Fidelity's China Consumer fund manager Raymond Ma is set to move less defensive as valuations look more attractive after the September sell-off.

Billionaire investor Warren Buffett has boosted exposure to Tesco with the purchase of £120m ($185.5m) shares in the retailer, taking his total stake to 3.64%.

Martin Currie is planning to convert its European fund into an income mandate as co-manager Eric Woehrling departs the firm, Investment Week understands.

Shadow Chancellor Ed Balls has demanded five immediate steps to avert further financial turmoil.

Shadow business secretary John Denham will today announce an investigation into companies that knowingly 'rip off' consumers, with a focus on financial services.

Jupiter's Merlin multi-manager team has said yields on 10-year UK and US government debt could fall well below existing record lows if markets continue to price in a Japan-style economic outlook.

European officials are reportedly working on a grand plan to save the eurozone involving a major bank recapitalisation, giving the bailout fund several trillion euros of firepower, and a possible Greek default.