The Irish government is poised to inject a further €3.7bn into Allied Irish Banks, effectively nationalising the lender.

Neptune's Rob Burnett says the EU authorities will be pushed to take stronger action in the first half of next year to shore up the sovereign states and European banks.

Templeton's Mark Mobius has cut the number of holdings in his emerging markets portfolios in a bid to improve performance.

The Bank of Japan has kept interest rates static at between 0% and 0.1% in a bid to boost the nation's economy and rein in inflation.

BlackRock's Mark Lyttleton is looking to increase exposure to banks in his £1.4bn UK Dynamic fund in the view valuations are attractive again.

Threadneedle has altered the investment policy of its £406m Strategic Bond fund to allow the use of derivatives for investment purposes.

UBS is launching an Emerging Market Equity Income fund for Urs Antonioli.

Neptune is exiting the fixed income space, with the closure of its Corporate Bond and International Bond funds, both run by Ted Alexander.

Gartmore is considering takeover talks with Henderson Group, according to Sky News.

Moody's has slashed Ireland's credit rating, and warns more downgrades are set to follow.