The Spanish region of Catalonia has asked the central government for a €5bn pay-out to help the struggling region, amid the country's latest GDP data showing it is in a deeper recession than feared.

BIG INTERVIEW

CHINA

Veteran investor Jim Rogers said moves by Chinese policymakers to stimulate the country's slowing economy are "a mistake".

Aberdeen Asset Management has unveiled unbundled share classes across its fund range in preparation for the onset of Retail Distribution Review (RDR) next year.

Aberdeen Asset Management will launch a global small-cap equities fund for Stephen Docherty in late September.

Adrian Lowcock has left Bestinvest to join Hargreaves Lansdown.

Asian stock markets echoed Wall Street's overnight slump as investors fretted over declining Japanese export figures.

James Harries has handed over lead management of the offshore £2.8bn BNY Mellon Global Equity Higher Income fund to Nick Clay in a reshuffle of the firm's income team.

BNY Mellon has expanded its distribution team with three hires including RSM Tenon's Adrian Gough.