The UK government borrowed less than expected for the financial year to 1 April, posting a total of £141bn.

Insight's multi-managers have opened a new position in the Neuberger Berman Global Floating Rate Income trust, the largest investment trust IPO the market has seen this year.

Asian equities specialist Avo Ora has joined Pictet's emerging markets equity team as senior investment manager.

Greece is to privatise €50bn of state assets in an effort to fund its latest austerity plan.

Allianz's Michael Konstantinov is backing Chinese GDP growth to remain around 8%-9% for the next few years despite expectations the country's central bank will act to tackle inflation.

Ministers from Brazil, Russia, India and China are calling for stricter regulation of derivative markets as volatile commodity prices pose a threat to financial stability.

The FTSE 100 is ahead in early trading after near triple-digit losses at the end of yesterday's session, supported by banks and miners.

Barclays Capital's Nathan Bance has cut the equity exposure in the £21m RADAR fund to focus on market-neutral trades and more ‘esoteric' investments.

Sanlam's Kokkie Kooyman has completely sold out of UK banks in favour of UK insurers, and has cut positions in European and US banks in his Global Financial fund.

Sanlam Universal Funds is handing the management of its Global Equity fund from Pictet to Centre Asset Management.