News

The Irish Republic is poised to unveil the details of a severe austerity budget later, part of a deal to secure an €85bn bail-out from the European Union and International Monetary Fund.

Laxey Partners has stepped up its fight against Alliance Trust, creating a shareholder action group website in a bid to build support for a discount control mechanism set at 10%.

Hedge fund titan David Einhorn expects the price of gold to continue its strong surge as the US authorities retain irregular monetary and fiscal policies.

Henderson head of multi-manager Mark Harris has taken a £16m stake in a Vietnam equity fund as he ramps up his exposure to frontier markets.

Investment banking giant JPMorgan has been revealed as the £1bn mystery acquirer of more than 50% of the copper on the London Metal Exchange.

Warren Buffett has pledged $50m to the creation of a UN nuclear fuel bank, keeping a promise the Sage of Omaha made back in 2006.

Invesco Perpetual star Neil Woodford is among a group of high profile investors to hit out at today's short-term performance culture, saying this "obsession" is damaging long-term returns.

France will be the next eurozone country in the firing line for bond investors, the chief of the London Stock Exchange believes.

HSBC is being sued for $9bn by the trustee trying to recover money for the victims of Bernard Madoff's fraud.

Janus Capital has launched an Emerging Markets fund to benefit from growth companies trading at deep discounts to their intrinsic value.