News

German finance minister Wolfgang Schauble has pleaded with his country's citizens to back a joint EU-IMF bail out for Greece worth up to €45bn (£40bn), warning that failure to act risks a financial meltdown.

One of the UK's best known hedge fund groups has taken a £47m bet against Prudential in the lead-up to its proposed $35.5bn acquisition of AIA.

Schroders' Richard Buxton remains bullish on British Airways despite losses caused by the volcanic ash crisis and plans to increase exposure to the airline on further weakness.

Britain is likely to see an export-led economic recovery going into 2011, but the economy will continue to suffer for the rest of this year, according to the spring forecast from the Ernst & Young ITEM Club.

HSBC Global Asset Management plans to add two new trackers to its growing range of passive funds.

Lawyers in the United States were predicting a wave of legal action last night in the wake of the $1bn fraud charge brought against Goldman Sachs by the US Securities and Exchange Commission.

Edinburgh Partners' Dale Robertson has completed 95% of rationalisation task on trust

A lack of timely and equitable release of corporate information in emerging markets has prompted James Thomson to veto trades on exchanges in India, China and Russia.

Fidelity Asian Values has introduced gearing for the first time since September. The £120m trust has drawn down $9m of a $15m loan facility it arranged ING Bank in February.

Argonaut's Russ sees quest for income as high priority