News

Veteran investor Jim Rogers has warned the US is nearing a financial crisis which will be worse than 2008, unless the government initiates draconian cuts.

The European Central Bank is set to raise interest rates next month in an attempt to dampen persistent inflation.

The Bank of England (BoE) today held interest rates at a record low as concerns about sluggish growth outweigh worries over high inflation.

Former Gartmore multi-manager duo Ari Towli and Nick Roberts have joined John Husselbee's multi-asset boutique North Investment Partners.

The Bank of England is expected to hold interest rates at a record two-year low of 0.5% in today's interest decision as slowing global growth overshadows inflation fears.

Royal Bank of Scotland (RBS) group chief executive Stephen Hester has admitted the government's implicit subsidy to the industry may have fed into bankers' bonuses.

Fitch has become the latest ratings agency to threaten a downgrade of the US' AAA credit rating, warning it will review the rating in August if the country cannot reduce its debt pile.

An OPEC dispute over whether to raise oil production levels has sent oil prices soaring to $117.8 per barrel.

Germany is urging Greece to extend the maturity of its debt by seven years, clashing with the European Central Bank's view that forcing investors to take a loss could damage the eurozone.

Marlborough Fund Managers is expanding its range of income funds with the launch of a multi-cap income portfolio for star manager Giles Hargreave, and Siddarth Chand Lall.