German MPs have voted in favour of increasing the country's commitments to the European Financial Stability Facility as part of an expansion of the bailout fund.

Schroders has promoted Rob Hall to head of multi-manager and handed him co-manager responsibilities on a trio of funds.

Jupiter's Merlin multi-manager team has said yields on 10-year UK and US government debt could fall well below existing record lows if markets continue to price in a Japan-style economic outlook.

Fidelity's Anthony Bolton has said he remains a world equity market bull despite a global situation that he said resembles "a big game of poker".

J.P. Morgan Asset Management has launched an emerging markets multi-asset fund, managed by Nadia Grant, that will harness both its equity and fixed income expertise.

Ratings agency Moody's has extended its review of Italy's Aa2 credit rating by a further 30 days as it assesses the country's financial position.

City of London police have charged UBS trader Kweku Adoboli with fraud in relation to the $2bn loss at the bank, and he has hired the same law firm which defended Barings bank rogue trader Nick Leeson to defend him.

UBS has said it has discovered a loss in the region of $2bn as a result of rogue trading in its investment banking division.

Berkshire Hathaway has strengthened its investment team by hiring a hedge fund manager who previously paid over $5m to dine with Warren Buffett.

Fidelity is to launch an onshore version of Amit Lodha's $250m Global Real Asset Securities fund in response to investor demand for tangible assets.