News

European and Asian markets were sharply lower on Tuesday as sentiment was hit by escalating tensions in Libya and an earthquake in New Zealand's second-largest city which has killed at least 65 people.

UK Chancellor George Osborne's austerity plan has received the backing of the US Treasury Secretary.

Japan's credit rating has been cut to ‘negative' by Moody's on debt level concerns.

The former head of multi-manager at F&C, Dean Cheeseman, has joined Mercer as an equity portfolio manager within its investment management business.

The Investment Management Association (IMA) has confirmed it is leading efforts to shore up troubled Keydata-backer Lifemark, as part of a bid to recoup the fund management sector's £233m FSCS bill.

J.P. Morgan Asset Management has launched the JPM Emerging Markets Currency Alpha fund, targeting a return of EUR cash plus 8%.

London's leading share index had a sluggish start this morning, while European markets fell on uncertainty over the Middle East and oil supply.

The Royal Bank of Scotland is planning to sell £1.6bn of legacy loans, marking the largest property loan sale of its kind in the UK.

The Chancellor has defended the Bank of England over rising inflation and denied the government is making its job more difficult.

Artemis' William Littlewood is running a "significant" short on Japanese government bonds in the view they will be damaged by Japan's high public debt.