News

Japan's economy will shrink 0.7% this year because of the massive earthquake and tsunami which struck the country in March, said the IMF.

Legal & General Investments is launching a passive fund investing in global equities focused on providing solutions to energy, resources and environmental issues.

Fears the UK government may undershoot its target to cut the budget deficit could threaten the country's credit rating, Moody's has warned.

The chairman of Walker Crips David Gelber said short-term economic uncertainty has impacted the group's trading, despite a rise in revenues, and predicted a subdued outlook for the UK.

Emerging economies outstripping developed nations with the pace of their economic expansion must take more action to combat inflation or risk overheating, the influential World Bank has said.

HSBC has agreed to shell out $62m to investors in a hedge fund that fed money to Bernard Madoff.

Markets worldwide suffered on news the US is likely to put an end to its loose monetary policy.

First State has launched a Worldwide Equity fund for the group's Asian and global emerging markets team, to be co-managed by Jonathan Asante and Stuart Paul.

The European Union said Greece will not be allowed to default because of the weak state of the region's banking system.

BP is preparing to sell its stake in a joint venture with TNK to Rosneft in an effort to rescue the landmark deal with the Russian state oil company, the Wall Street Journal has reported.