Franklin Templeton Investments' Michael Hasenstab has boosted exposure to Hungary in the $60bn Templeton Global Bond fund, meaning the overall company is likely to hold more than 10% of the country's government debt.

Investec Asset Management's energy fund managers, Mark Lacey and Jonathan Waghorn, are leaving the firm to join a physical commodities trader.

Developed market shares were fleeting between positive and negative territory this afternoon as US jobs data disappointed and investor confidence in the eurozone weakened.

The Bank of Japan has announced further asset-purchases as part of its latest bid to end 20 years of deflationary pressures - but how significant is its recent change in tack?

Old Mutual is unifying its two UK asset management businesses, Old Mutual Asset Managers UK (OMAM UK) and Skandia Investment Group (SIG), into a single business with the view to rebrand under one name.

Industry commentators forecast an even gloomier second quarter after the Office for National Statistics revealed the UK slid back into recession in Q1, with negative growth of 0.2%.

The UK is officially back in recession as preliminary figures show the economy contracted 0.2% in Q1.

A rally in tech shares led to Asian markets climbing overnight, after Apple's revealed it doubled last quarter's earnings.

Standard Life Investments (SLI) increased assets under management in its third party business to a record level of £76.1bn in Q1, as a result of demand for fixed income and GARS, as well as positive market movements.

Moody's has downgraded Tesco's debt rating after warning it will "take time to revive profit growth" at the UK's largest supermarket.