News

Morgan Stanley has warned an $8.8bn property fund could face losses of up to $5.4bn.

Miners rebounded from yesterday's falls to lead the way in early trading this morning, driving the FTSE 100 up 22.3 points (0.4%) to 5,784.

The cost of borrowing in Greece's rescue package is too high and the country still risks falling into a "debt spiral", says George Soros.

Aberdeen has been buying into gilts over the past two weeks on optimism the UK will keep its AAA credit rating and sterling will hold firm.

The world's biggest mutual fund, Bill Gross' $220bn Pimco Total Return fund, increased exposure to emerging market debt to its highest level since 2008 and significantly boosted cash last month.

The FTSE 100 ended the day largely unchanged, closing down 0.28% or 15.99 points to 5,761.

Greece sold more debt than expected today as investors snapped up the issuance of short-term government bonds.

Macquarie Funds Group has received approval to distribute three emerging markets funds to UK investors.

Threadneedle has launched a new corporate bond fund focused on emerging market issuers.

Schroders plans to launch an Asian version of its top-performing Income Maximiser fund.