News

UK public borrowing rose to a record high in August, at £15.9bn, dwarfing the £12.51bn economists had predicted.

Cazenove is planning to launch an income fund for co-heads of multi-manager Marcus Brookes and Robin McDonald.

The amount of inflows into emerging market bond funds in 2010 has already overtaken the figure for 2009.

The FTSE moved slightly higher in early trading, up 0.45% or 25.45 points to 5,628 amid oil exploration success and M&A activity in the energy sector.

The Republic of Ireland saw its €1.5bn (£1.3bn) bond issue snapped up at auction today, pointing to investor confidence in the strength of the economy.

The recent US downturn, which officially ended in June 2009, has been the longest since the great Depression beginning with the Wall Street crash in 1929.

BlackRock's Will Landers, the largest investor in South American equities, is maintaining a big underweight in Petrobras as the giant prepares for its world record rights issue.

iShares has unveiled its inaugural UK range of swap-based ETFs, based on the multiple swap counterparty model, to provide exposure to India and Russia.

Eric Daniels, group chief executive of Lloyds Banking Group, has announced his retirement, giving the organisation one year to find a successor.

The Dow Jones has made early gains in trading as investors await the Fed's rate decision tomorrow and a possible extension of its quantitative easing programme.