Economics / Markets

Morgan Stanley has been dubbed 'the new Morgan Sachs' after its equity and bond traders captured market share from rivals over the past quarter.

EU leaders have agreed a further €109bn (£96bn) bailout for Greece, one-third of which will come from private sector bondholders.

European markets have surged on reports eurozone leaders will back a 'selective default' on Greek debt.

Investment Week and our sister title InvestmentEurope provide ongoing updates of the latest industry thoughts around today's crisis talks on the future of the euro.

German Chancellor Angela Merkel and French President Nicolas Sarkozy have hammered out a common position on the euro debt crisis.

Rupert Murdoch insisted he bears no responsibility for the phone-hacking scandal which has enveloped his empire in a dramatic evidence session in Parliament, during which a member of the public attacked him.

The threat of a stock market crash has risen to a "one in three" chance, the chief executive of the respected Centre for Economics and Business Research has warned.

Bank shares began to regain lost ground in early trading today after Friday's stress test results sparked sharp falls among some of the UK's biggest banks.

Markets have remained down this afternoon as the negative reaction to European bank stress tests continue to drag on the FTSE 100.

Worries over the eurozone debt crisis have prompted the Ernst & Young Item Club to cut its forecast for GDP growth this year from 1.8% to 1.4%.