News

China will overtake the US as the world's largest economy by 2018 as the global financial crisis propels the shift in economic power to emerging countries, says PricewaterhouseCoopers.

EU leaders have called for more effective action to defend the euro by increasing the hundreds of billions in the eurozone's bailout fund and extending the fund's scope to include bond-buying and short-term credit for countries in distress.

Western bond market are pointing to the risks of resurgent inflation, although the Fed claims price pressures are not building rapidly, says Cazenove's Julie Dean.

Emerging markets veteran Mark Mobius says the best investment he has ever made was Chinese company China High Speed Gear.

Matthew Cobon has joined Threadneedle asa fixed income fund manager within the firm's developed government and currency team, led by Quentin Fitzsimmons.

The deal will obviously significantly enhance Henderson's presence in the retail fund market, but crucially it will remove the uncertainty surrounding Gartmore's future.

The deal announced today is a neat swerve by Henderson to pick up Gartmore on a two for three shares basis, which allows everyone involved to walk away with a semblance of dignity and begins to draw a line under a tricky period, to say the least.

Aberdeen Asset Management has launched an onshore Latin America fund, run by Devan Kaloo and the group's emerging market team.

The German economy made a strong bounce-back in 2010, growing by 3.6%, according to provisional figures from the national statistics office.

Regulatory issues are holding BlackRock's Mark Lyttleton back from increasing exposure to financials, as he says valuations look attractive.