News

Renowned stockpicker Anthony Bolton has wasted no time getting down to business in the Far East, fully investing his £471m China Special Situations trust.

The US Senate has approved the largest overhaul of financial regulation since the Great Depression, which is aimed at averting a repeat of the recent credit crisis.

The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 against the dollar after the Fed confessed the US economy may not recover for five or six years.

BP's US-listed shares of soared 7.6% yesterday after the giant announced it had temporarily stopped the oil leak into the Gulf of Mexico for the first time since late April.

Investment banking giant Goldman Sachs will pay a record $550m fine to settle the SEC's fraud probe into mortgage-backed securities.

Neptune's Robin Geffen is maintaining a cautious stance within his £1.07bn Global Equity fund, fearing the "sustainability and breadth" of the recovery in the OECD economies.

The FTSE 100 regained some of the ground it lost today in late trading, but still closed down 0.8% lower at 5,211 points.

Actively managed ETFs that aim to outperform a given benchmark need transparent and efficient servicing processes to be competitive, according to State Street.

Goldman Sachs' Jim Cielinski is to join Threadneedle as the head of fixed income in the latest of a series of high profile appointments for the group.

China's GDP growth rate slowed to 10.3% in the second quarter, down from 11.9% the previous quarter, as the Government made efforts to cool the overheating economy.