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GCC markets have posted chaotic results in the third quarter, reflecting global markets, while funds registered for sale in the region have plummeted, according to Lipper.

The chief executive of HSBC, the world's fourth-largest bank, yesterday warned that the state-sponsored bail-outs of western banks could encourage a return of reckless behaviour in the City and other financial centres, The Guardian reports.

Standard Life has launched three types of trust to its Wrap platform, which can be used with an offshore investment bond.

Middle-income families and small businesses will receive billions of pounds of tax cuts and benefits in the Chancellor's Pre-Budget Report within the next two weeks, according to The Telegraph .

The recent dip in the gold price is a result of renewed strength of the US dollar, according to Angus McPhail, global oil and natural resources analyst at Alliance Trust.

Guernsey's tax office is set to restrict Guernsey-based QROPS, while other jurisdictions are expected to follow suit, according to Baker Tilly.

Guernsey funds under management and administration fell by £5.8bn during the third quarter of 2008, according to the latest statistics released by the island.

South African-based FirstRand has launched FirstRand Private Wealth Management (PWM) with branches in the Channel Islands and Dubai plus plans to expand into India.

US President-elect Barack Obama has appointed a team of high-level advisers including billionaire investor Warren Buffett and Google chief executive Eric Schmidt to guide his thoughts on the economy ahead of taking office on January 20, The Telegraph...

The European Central Bank has cut its main refinancing rate by 50 basis points to 3.25%.