News

The FTSE continues to fall in early trading, weighed down by fears over the global economic recovery and a massive sell-off in BP shares.

Banks in the eurozone will suffer "considerable" loan losses in 2010 and 2011, potentially leading to €195bn (£165bn) in futher write-downs, the European Central Bank warns.

Emerging markets are at risk of overheating and advanced economies face years of anemic growth and could face a ‘double dip', the economist known as Dr Doom warns.

The Bank of England is sitting on an £8bn net profit from its £200bn quantitative easing programme.

The FSA will commence an investigation into Gartmore manager Guillaume Rambourg to determine whether he met the regulator's standards of an approved person.

Invesco Perpetual's Neil Woodford, one of the largest investors in UK water companies, has warned the regulator's tough pricing risks driving shareholders away from the industry.

(Update) Prudential's proposed deal to acquire AIA appears doomed after AIG refused its revised offer of $30.375bn.

Aberdeen is preparing to launch a closed-ended Latin American income fund for head of emerging market debt Brett Diment and head of global emerging markets Devan Kaloo.

UK equity managers remain bullish on the markets and expect up to 15% FTSE growth in the second half of the year despite weeks of sharp volatility.

Skandia has handed a £50m European equity mandate to Dirk Enderlein at Wellington Asset Management.