The Dow Jones Industrial Average officially entered a ‘bear market' on Wednesday after a fresh oil record led to a further fall for US blue-chips stocks.
A 166.75 point (1.46%) loss overnight sent the Dow to 11215.51, down nearly 21% its 14164.53 peak in October 2007. The historical bear market definition is a 20% fall from the peak. Oil prices continue...
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Liquidity mismatches in open-ended funds, such as that seen in the property sector and in the case of the Woodford Equity Income fund, poses a threat to financial stability and could “amplify shocks in the financial system”, the Bank of England (BoE)...
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