News

Global stocks are continuing to surge today on expectations the ECB will step up its government bond purchases to ease pressure on the ailing eurozone.

BANK SYSTEM STILL FLAWED

Pimco bond guru Bill Gross says the developed world faces a crisis of "potentially endless proportions" as the West struggles to compete with emerging markets.

A former Deloitte Tax partner and his wife have been charged with insider dealing by the SEC in the US as part of a joint investigation with the FSA.

EUROPE NEEDS 'SHOCK & AWE'

Man Group subsidiary GLG is closing John White's Alpha Select fund to new investment next Friday after it reached its asset target of $550m.

Portugal has successfully issued €500m of short-dated government bonds, but at a higher yield than its previous auction.

Former Bank of England policymaker David Blanchflower has called for Mervyn King to quit over the US WikiLeaks affair.

The IMA Global Emerging Markets sector posted its largest monthly net retail inflow on record in October, as investors redeemed a significant amount from UK All Companies funds.

Schroders' Richard Buxton believes British Airways shares have "material upside" as investors continue to underestimate the benefits of its merger with Iberia.