Economics / Markets

Warren Buffett, chief executive of Berkshire Hathaway, will testify next week before a US panel on the role of ratings agencies in the financial crisis.

Banks must be taxed to end forever the 'unacceptable' bail-outs which cost taxpayers billions, the EU's chief financial regulator says.

The Dow has opened in positive territory after a sense of calm was restored to world markets following yesterday's dramatic falls.

The FTSE opened more than 60 points higher Wednesday after hopes of rising demand in China offset fears Europe's debt crisis could hamper global growth.

Schroders' Andy Brough believes an eventual collapse of the euro would not be the Doomsday event many fear and could be the best scenario for many nations on the Continent.

Investec Asset Management, which runs over $4bn in active currency funds, believes sterling is the cheapest of all major global currencies.

The German Government plans to outlaw the naked short-selling of all stocks listed on its exchanges, enlarging last week's contentious ban on shorting key financial stocks.

The FTSE continued to slide in Tuesday trade as ongoing concerns over the eurozone and political tensions in Korea weighed heavily on investors.

US markets opened lower today amid investor concerns over the eurozone and political turmoil in Korea.

First quarter GDP growth has been revised up in line with expectations on the back of strong industrial production figures.