French insurance giant Axa and Australian asset manager AMP have made an A$13.3bn bid for Axa Asia Pacific.

Former Federal Reserve Chairman Alan Greenspan believes the US must look to rein in its massive budget deficit or face the risk of a bond market crisis.

The mainland Chinese stockmarket suffered its worst decline in about a year on Friday, as talk of further imminent rate hikes spooked investors.

Fidelity's Sam Morse is taking over management of the group's European Values trust, replacing Sudipto Banerji.

Peripheral European nations Ireland and Portugal could be forced to head to Continent's bailout mechanism after their respective bond yields soared to the highest levels since the creation of the euro.

Witan has handed Veritas an £80m global equity mandate after reallocating funds from the US and Japan.

Pimco's Andrew Balls believes the Bank of England could be forced into more quantitative easing to avoid an appreciation of sterling.

Henderson head of multi-manager Mark Harris remains bullish on the long-term prospects for gold and believes ‘undervalued' miners will be the biggest beneficiaries.

Gilt yields have spiked following the Bank of England's inflation report, which suggested the UK will see higher inflation in the near-term.

UK index-linked bonds have rebounded from the worst quarterly drop for almost two years as inflation fears grow following last month's better-than-expected Q3 GDP figures.