News

Asian shares rose for a third day but closed lower than expected as European leaders failed to reveal specific plans to tackle the debt crisis after a meeting yesterday.

The Swiss government is preparing to unveil a CHF1.5bn (£1.1bn) package to help the country deal with its soaring currency when it meets later today, Reuters reports.

Henderson made a pre-tax loss of £3.1m in the six months to 30 June, compared to a £41.6m profit in the first half of the year, partly due to Gartmore-related expenses.

French and German leaders are calling for a tax on financial transactions to raise more revenues as they respond to the euro debt crisis.

Premier League club Manchester United is set to list on the Singapore stock exchange before the end of the year, according to reports.

US investors jettisoned shares in early trading following a warning from consumer giant Walmart, piling on the pressure following weaker than expected German economic growth.

Price pressures across a number of areas have seen UK CPI annual inflation rise from 4.2% in June to 4.4% in July.

Ajay Argal is to join Barings as head of Indian equities, based in Hong Kong.

J.P. Morgan's Private Equity Limited fund of funds has moved to snap up assets from the former Arch cru portfolios in a deal worth £56.5m.

Hedge fund manager John Paulson bought into News Corporation ahead of the phone hacking scandal during a quarter when he also slashed major bank stakes.