Luxembourg has been promoted to the Organisation for Economic Cooperation and Development's (OECD)"White List" of tax havens which have met the international standard on exchange of information.

The Dow Jones has plummeted 77.61 points (0.93%) to 8,247.26 as investors remain jittery about the economy and anticipate a shaky earnings season.

The strained relations between Britain and Iceland after the collapse of Icesave has surfaced in official documents, which warn the UK it was inflicting damage equal to the Treaty of Versailles.

Investec Bank (Channel Islands) has unveiled its Investec Fixed Reserve Account, offering a rate of 3% AER/gross.

Jupiter's Nick Hinds is leaving the business to pursue other opportunities.

Over half of investment company fund managers have cut exposure to cash and fixed interest to take advantage of buying opportunities created by the market turmoil, according to the Association of Investment Companies(AIC).

Perspective Financial Group has acquired Lincoln-based McGregors Wealth Management (MWM), the eighth firm to be brought under the consolidation firm's umbrella.

The centrepiece of the Government's plan to overhaul financial regulation has been delayed, perhaps until after the election, it has emerged.

The FTSE 100 jumped 9.01 points (0.21%) in early trading, rising to 4203.92 by 8.20 this morning.

Lighthouse Group will roll out an advice service to support advisers on complex pension issues.