The Dubai Government is to provide $9.5bn (£6.4bn) in funding to help its Dubai World investment vehicle to restructure its debt.

Real estate investment trusts (Reits) will be allowed to include stock dividends as part of their 90% income distribution requirements, Chancellor Alistair Darling has confirmed.

The Chancellor has responded to industry calls to raise future ISA allowances in line with inflation.

HSBC is set to launch its Japanese equity ETF tomorrow, tracking the MSCI Japan index.

The FTSE opened down 0.44% at 5,625.38 despite gains by medical stocks after President Obama's landmark healthcare reforms were passed in the US.

Legendary investor Warren Buffett joined a sing-along with employees at US insurance company Geico dressed as Guns n Roses frontman Axl Rose.

Prudential has launched its five actively-managed risk-rated multi-asset vehicles on Cofunds and Fidelity FundsNetwork.

Almost a quarter of advisers believe financial stability is the most important factor in the fund selection process, research by J.P Morgan reveals.

The FTSE 100 was down 0.11% to 5,619.21 in a quiet start to early trading with little company news and buyers largely sitting on the sidelines.

Martin Currie has today launched its UK-domiciled China fund managed by James Chong.