Global

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

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

In the latest Interactive Financial Adviser debate, our panellists from Aberdeen Asset Management and Standard & Poor's discussed Global Emerging Markets.

JP Morgan Asset Management (JPMAM) has launched a global equity absolute return fund to meet what it said was rising investor demand for products that can be benchmarked against cash.

Source has teamed up with Bank of America Merrill Lynch to give investors exposure to emerging markets in Europe, the Middle East and Africa.

Jason Hepner, investment director for global strategy at Standard Life Investments, looks at the implications of rising inflation in China.

Douglas Roberts, senior international economist at Standard Life Investments, discusses whether the US needs a third round of quantitative easing.

The Federal Reserve has scaled down its growth forecast for the US in the face of higher energy costs and weak manufacturing data.

News the EU and IMF have reached a deal on Greece which should prevent a default have failed to calm markets, as the beleagured nation faces a new round of austerity measures and a government reshuffle.

Warren Buffett's annual charity lunch auction raised a record $2.63m, following a week of bidding after the winner offered extra cash to break the record.