Economics / Markets

GOLD STAR

Pension funds have been urged to directly engage with companies on executive pay by leading corporate governance bodies.

The Queen's Diamond Jubilee celebrations will cause the economy to contract between April and June, the Bank of England's Mervyn King has warned.

Markets in Asia tumbled overnight, with China's domestic market selling off sharply, amid ongoing concerns over the recovery in the west.

Government body UK Financial Investments is in talks to sell £10bn worth of RBS shares to a consortium of investors led by Sheikh Mansour, the owner of Manchester City Football Club.

George Osborne has expressed anger that key aspects of his Budget were leaked to the media - but denied anyone from his Treasury team was responsible.

Chancellor George Osborne should merge the incoming Financial Policy Committee (FPC) with the Monetary Policy Committee (MPC) to create a "single super-committee", it has been proposed.

Bankers could see bonuses capped at twice their basic pay and forced to return "golden hellos" if they fail to perform, under draft European rules being drawn up.

National IFA Towry has announced "record" profits for 2011, after poor performance in 2010.

The S&P 500 closed at its highest level since May 2008 after Fed chairman Ben Bernanke hinted the US central bank would keep in place its supportive monetary policy.