Global

Legg Mason's chairman Bill Miller has slammed investors for ignoring the advice of ‘Sage of Omaha' Warren Buffett.

There seem to be a lot of areas where the UK financial services industry is all too keen to hop over the Pond and see what our American cousins have been doing.

Skandia has launched a risk-targeted protection fund which will limit losses to 80% of the highest ever share price.

In the latest Interactive Financial Adviser debate, our panelists from Aberdeen Asset Management, Standard & Poor's and Rathbone Unit Trust Management discussed global equities.

Fidelity's Sam Morse is taking over management of the group's European Values trust, replacing Sudipto Banerji.

Skandia has cut a €38m mandate run by Roger Guy in its European Best Ideas fund, with the group taking swift action following the Gartmore manager's decision to retire.

Federal Reserve chairman Ben Bernanke has defended a decision to introduce a second round of quantitative easing, arguing it will not lead to a spike in inflation.

Investment guru Jim Rogers has criticised Federal Reserve chairman Ben Bernanke's decision to pump a further $600bn into the US economy, saying he "does not understand economics".

Eastern Europe

Germany has agreed to give the EU's €440bn (£383bn) bail-out fund permanent status rather than letting it expire in 2013 as planned.