The much coveted Nobel Prize for economics has been awarded to game theorists Alvin Roth and Lloyd Shapley for an "an outstanding example of economic engineering".

Global asset allocation managers are reviewing their strategies as the valuation gap between US and European equities widens.

Allianz Global Investors has added German equity and European fixed income funds to its Luxembourg-domiciled SICAV range.

AFRICA

Newton's Iain Stewart is finally reaping the rewards of a move into gold miners following a strong rally in recent weeks.

Investors should snap up bargains in US healthcare, technology and financial stocks which offer better value than any time over the past 60 years, Legg Mason's chief investment officer Sam Peters has said.

Aberdeen's head of emerging market debt has bought into Russian and Indian currencies for the first time, as rising commodity prices and economic reforms boost both investment cases.

Concentration risk in the UK equity income sector is a well-versed issue, but how can wealth managers find a way around the problem? Katie Holliday reports.

Chancellor George Osborne's proposed tax-free share plan is set to face fierce opposition from European politicians, despite strong support at home.

Key Asian markets showed resilience from global growth fears as the main Hong Kong and Chinese stock markets rallied strongly overnight, though Japanese stocks bucked the trend.