News

First State Investments' Jonathan Asante and Aberdeen's head of global emerging markets Devan Kaloo have clashed over the growth prospects for GEM banks.

Money market funds in the US are building up liquidity as fears of a downgrade or default on the nation's debt intensify ahead of debt ceiling vote.

Vince Cable has launched a fresh broadside at what he said was banks' "rip off" sales culture, which he said was "ingrained" in the market.

The Dow Jones closed more than 90 points lower on Tuesday amid escalating fears the US will default on its debt for the first time in its history.

The new managing director of the International Monetary Fund has told the US to resolve its debt ceiling "immediately" or risk "serious spillovers to the rest of the world".

George Osborne has defended the government's economic policies after new figures showed a slowdown in growth, and claimed the UK is a 'safe haven' compared to other nations.

George Soros is set to retire from managing money for outside investors after almost 40 years running hedge funds.

M&G's head of retail fixed interest Jim Leaviss has warned the US will see its credit rating downgraded to AA shortly after next year's presidential election.

Dalton Strategic Partnership has hired Goldman Sachs' Gaurav Pant to run an Indian Absolute Return fund.

The UK economy grew by 0.2% in the second quarter of the year, in line with economists' estimates, the Office for National Statistics (ONS) said today.