The Federal Reserve has unleashed a third round of quantitative easing (QE) to support the US economy following a wave of poor data and a weakening labour market.

Henderson's Richard Pease has predicted a ‘stampede' into European equities as soon as the government bond bubble bursts and investors begin demanding better real returns.

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Former Architas multi-manager Richard Philbin has joined Hampshire-based asset manager Hasley Investment Management.

The UK's unemployment rate fell in the second quarter of the year, from 8.2% to 8%, although the number of young jobseekers climbed over the period.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep rates on hold and maintain QE at £375bn in August but expressed fears over sterling's continued appreciation.

Barclays has confirmed Sir David Walker will succeed Marcus Agius as chairman of the bank on 1 November, following press reports yesterday.

Sir David Walker, a former deputy governor of the Bank of England, will become the new chairman of Barclays, according to reports.

Bank of England (BoE) governor Mervyn King has warned against a further cut in interest rates, arguing it would damage the banking sector and may be "counterproductive".

Old Mutual Wealth Management is set to unveil its plans for RDR-compliant pricing on its fund platform, and is preparing to boost its offering in the risk-rated funds and DFM space with a revamp of its product range.