Europe

Slovakia has stalled in ratifying measures to revamp the eurozone's European Financial Stability Facility (EFSF) rescue fund, intensifying the threat of contagian within the continent.

French bank Société Générale was the victim of an alleged multi-million pound fraud which occurred within weeks of the much-publicised €4bn fraud by rogue trader Jerome Kerviel - but it was never disclosed to shareholders.

(Updated 2pm) Continued heavy selling saw London's FTSE 100 slump by more than 4.9% to its lowest level in a month after the Federal Reserve painted a gloomy picture of the global economy.

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".

The FTSE 100 sold off sharply in early trading alongside indices across Europe as fears over a break-up of the region swept across markets once again.

Irish funds recorded the highest level of net inflows in Europe in the first half of the year, reports the European Fund and Asset Management Association (EFAMA).

Bondholders owed £2.5bn following the Icelandic banking crisis have begun a legal challenge against the 'priority status' given to local authorities and the Financial Services Compensation Scheme (FSCS) to get their money back from Landsbanki.

(Updated at 10:45am) Stock markets across Europe began picking up the pieces on Tuesday following yet another mass sell-off which was sparked by fresh recessionary fears and saw London's FTSE index close 3.5% down and major indices in Germany, France...

Architas senior fund manager Dawn Kendall examines the current financial situation in Greece and considers the possible impact for the wider European community.

French and German leaders are calling for a tax on financial transactions to raise more revenues as they respond to the euro debt crisis.