Billionaire investor Warren Buffett's bullish outlook for the US has boosted markets, pushing the Dow Jones up 96 points and the FTSE back above the 6,000 mark.

Collins Stewart has liquidated its UK Focus fund, after only garnering £1.6m in assets under management since launch in 2008.

Commodities guru Jim Rogers says oil will continue to rise because there have been no major oil field discoveries in over 40 years.

MPC SHOULD NOT RAISE RATES

Ignis Asset Management is launching an Absolute Return Government Bond fund at the end of March, targeting net returns of 2% to 3% a year in excess of cash.

The ABI will today announce plans to scrap its "misleading" managed fund sector names after research showed they were too difficult for consumers to understand.

Oil prices do not yet reflect a crisis, although the risk of political contagion across the MENA region could force the crude price up over $150 a barrel in the short term, says Mark Lacey at Investec.

The soaring price of West Texas Intermediate (WTI) oil is set to hit $90 dollars a barrel this year, adding 20% to the earnings forecasts of Russian oil producers, says HSBC.

Former Threadneedle bond manager Roman Gaiser has joined Pictet Asset Management as head of high yield, while Andres Sanchez Balcazar joins as co-head of the global and regional bond team.

J.P. Morgan and Fidelity are planning to gain trust company licences in China, along with many overseas firms seeking to profit from the light regulatory environment in which the vehicles operate.