News

The Federal Reserve has scaled down its growth forecast for the US in the face of higher energy costs and weak manufacturing data.

Transocean, the owner of the Deepwater Horizon rig at the centre of last year's Gulf of Mexico oil spill, has blamed BP, as operator of the well, for decisions it said led to the fatal disaster.

AXA Investment Managers has hired a portfolio manager for its Healthcare fund to strengthen the team following a spate of departures.

Man Group has launched a multi-strategy fund investing across a range of its own funds, and those of its subsidiaries including recently acquired GLG Partners.

The Bank of England's Monetary Policy Committee (MPC) remains split on interest rates despite UK inflation remaining at a two-and-a-half-year high, as fears of a eurozone shock persist.

Jupiter's European Income fund manager Malcolm Millar is leaving the firm, handing his fund to Cedric de Fonclare.

Greek prime minister George Papandreou yesterday survived a vote of confidence in his government, sending Asian markets soaring overnight.

One of the Bank of England's (BoE's) senior policymakers has hinted a further round of quantitative easing (QE) remains an option for the UK's central bank.

PIMCO's Bill Gross has warned the US authorities are focusing too much on reducing the budget deficit instead of tackling the country's unemployment problem, which could derail the recovery.

Japan's manufacturing sector has beaten expectations following March's earthquake and tsunami, said Bill O'Neill, chief investment officer of Merrill Lynch, who sees further upside in Japanese equities.