News

PIMCO has launched a credit fund aimed at investors concerned about rising interest rates.

Core Capital is merging six of its top investments into an open-ended structure to raise new capital from investors.

Dexion to change Equity Alternative but Winterthur analyst warns it is too little too late.

Group's CIO says QE has led to decline in domestic demand and could spark downturn.

Barclays Wealth has warned US markets are set for a correction following a sharp decline in its manufacturing industry.

European banks and finance officials are discussing a proposal to replace existing Greek debt with a different type of bond to get around ratings agencies' reservations about a planned rollover, Reuters reports.

US Gross Domestic Product (GDP) increased at an annual rate of 1.9% in Q1 2011, marginally up from a previous estimate of 1.8%.

Old Mutual Asset Managers' Richard Watts highlights five UK stocks he is backing to benefit from self-help despite the tough economic conditions they face.

The UK banking sector faces a further shake-up as the BoE's Financial Policy Committee (FPC) recommended an audit on banks' exposure to eurozone debt, as well as recommending cuts in dividends and bonuses.

The FTSE 100 jumped 1.5% this morning, reversing the losses of yesterday afternoon's session.