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In London, markets climbed after a poor end to last week, with the FTSE 100 adding 81.3 points (1.47%) to 5,611.2.

Home owners are taking a record length of time to sell their houses, according to the latest gloomy house price survey, The Telegraph reports.

Cash is becoming the investment of choice in offshore bonds - at least in the short term - as discretionary managers show reluctance to put high net worth clients into equity or bond funds in the current climate.

The chairman of HBOS yesterday criticised the failure of Britain's financial regulators to punish insider trading, as he asked shareholders to back the bank's £4bn rights issue despite its share price sliding below the subscription price for the fourth...

Emerging economies will have the biggest problem if commodity prices continue to rise, and those who were expecting a decoupling as Western economies slow will be disappointed, according to Marco Pirondini, global chief investment officer of Pioneer Investments....

Central and Eastern European economies, such as Russia, have largely been unaffected by the current credit crunch affecting developed economies, according to Dr Tibor Schindler, chief strategist for emerging markets for Raiffeisen Capital Management....

The US is on the cusp of a quantum shift in policy, according to a former economic adviser to the Clinton administration.

The high street is about to embark on its toughest six months in 16 years, warned the CBI as retail sales remained weak for a third successive month, The Telegraph reports.

Resolution, the investment fund headed by Clive Cowdery, met with Bradford & Bingley advisers last night in an attempt to convince the mortgage bank to back its bid to take effective control, The Independent reports.

Thousands of Britons have been overcharged by as much as 20% in capital gains tax (CGT) by the Spanish Government, according to currency specialists HiFX.