News

Major Chinese cities are trapped in a property bubble after sales transactions soared 60% over the past 18 months, says Gartmore's Charlie Awdry.

BRIC economies could be among the five largest in the world well ahead of 2050, the year originally forecast by Goldman Sachs Asset Management (GSAM).

There is a "real chance" the Bank of England will raise interest rates as early as next week, says Skandia, with subsequent hikes pushing rates up to 3% by the end of next year.

Emerging markets guru Mark Mobius says the geopolitical impact of the unrest in Egypt could be far-reaching and largely positive, by sparking "long overdue" reform in the region.

Schroders' head of multi-manager Andrew Yeadon has left the firm after a merger of its multi-manager and multi-asset teams.

Investec's joint head of fixed income John Stopford is positioning his portfolios ahead of an expected sharp reversal in bond yields.

Frontier Investment Management is launching a cautious vehicle to add to its range of multi-asset funds, skewed towards alternative assets.

Spanish bank Santander is planning to float its UK subsidiary later in the year for some £4bn, making it the largest IPO for the London Stock Exchange since the financial crisis.

A senior JPMorgan Chase risk officer was warned Bernard Madoff was suspected of running a Ponzi scheme nearly 18 months before the broker was charged with a $19.6bn fraud, according to a newly unsealed court filing.

London's leading share index edged higher in early morning trading, after disappointing results from Royal Dutch Shell yesterday dragged the FTSE down to close below 6,000.