News

First State is to soft-close Martin Lau's Greater China Growth fund as well as four other emerging markets offerings.

The White House has revised down US economic growth forecast for 2011 to 1.7% but said the US will avoid slipping back into recession.

Stocks ended six consecutive days of gains in the US as investors took profits ahead of a key jobs report out later today.

Greece will miss its budget deficit target this year, the government and its international lenders said yesterday, but there was disagreement over how big the fiscal derailment will be.

Guillaume de Corbiac, manager of the AXA WF Framlington Emerging Markets Talents fund, has left the firm to pursue other opportunities.

Brett Williams, the former head of both the Skandia and Cofunds platforms, has joined the board of boutique fund house Insynergy Investment Management as a non-executive director.

The US is planning to sue more than a dozen major banks for misrepresenting the quality of mortgages they sold during the housing bubble, the New York Times reports.

Artemis' Simon Edelsten and Alex Illingworth have sold their position in Google but have been buying other advertising plays on the dips in global markets.

Broker Numis Securities has upgraded Hargreaves Lansdown from 'hold' to 'add' after the group reported a significant hike in profits in its annual results this morning.

Legg Mason's absolute return specialist Dipankar Shewaram has left the firm to pursue other opportunities.