News

IRELAND IN NEED

European stock markets fell this afternoon as China raised its bank reserve rate for the second time in a week in a bid to control inflation.

A law firm which presided over the disappearance of €9.8m (£8.4m) from a global property fund sold through IFAs has been told it must pay back the missing money, a judge ruled today.

The FTSE ignored large gains on Wall Street overnight, falling 0.35% to 5,748.45 in early trading.

Legg Mason's chairman Bill Miller has slammed investors for ignoring the advice of ‘the Sage of Omaha' Warren Buffett.

The Irish government will not raise the country's low corporation tax rate in return for an EU-led bailout, as a French official said some view the rate as "almost predatory".

Shares in General Motors climbed 3.6% on the first day of trading after the auto manufacturer made a record initial public offering.

Fidelity's China Investment Trust, managed by Anthony Bolton, was named Best New Launch in the 12th annual Investment Week Investment Trust of the Year Awards, held last night.

Schroders chief economist Keith Wade has labelled the Federal Reserve's $600bn QE2 programme as an "aggressive act" to devalue the dollar.

Billionaire investment guru Warren Buffett is to receive the 2010 Medal of Freedom from President Obama in recognition of his philanthropic work.