The majority of Asian markets have risen this morning despite no progress over talks aimed at ending the US government shutdown.

T Bailey has appointed Peter Askew as the co-manager of the T Bailey Growth fund alongside Elliot Farley.

Markets across Asia have fallen on news the US government may be headed for its first shutdown of services in almost 20 years.

Asian stocks rose overnight, leaving the region on track for its best monthly run since 2010, as positive inflation data from Japan cheered investors.

HSBC Global Asset Management (GAM) is to launch a Far East ex-Japan ETF with a total expense ratio (TER) of 0.6%.

The recovery of the British economy is now "sustainable and self-confirming", according to David Miles, an external member of the Monetary Policy Committee.

Smith & Williamson has announced a number of key changes to its senior management, including promoting two staff members as co-chief executives.

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Neptune's profits before tax fell nearly 40% in 2012, with assets under management down 7.5%, after what the group called an "extremely difficult year for equity investors".

The FTSE has jumped as much as 1.5% after the US Federal Reserve came yesterday indicated it has no plans to cut back on its quantitative easing programme at present.