News

The US Senate passed legislation last night toughening regulation of the financial sector.

US markets plummeted almost 4% yesterday as the fallout from the eurozone crisis continued to escalate.

Scottish Widows Investment Partnership has appointed Tracy Fennell as head of marketing.

The FTSE closed on Thursday deep in negative territory after German Chancellor Angela Merkel stepped up calls for tougher regulation of banks and financial markets.

Schroders will launch its Asian Income Maximiser product on 1 June after receiving FSA approval.

RWC Partners plans to roll out two products for Schroders duo Nick Purves and Ian Lance in September and is also considering adding a covered call strategy to its fund range.

M&G's Richard Woolnough discusses the market turbulence in Europe and why the developments could force investors to look elsewhere.

Allianz Global Investors believes the German ban on naked short selling is inadequate.

Dubai World has come to a provisional agreement with its lenders to restructure its $23.5bn (£16.4bn) of debt.

Investec Asset Management posted a record £4.7bn net inflow over the year to 31 March.