US

Bill Gross, the manager of the world's largest bond fund, has told investors selling treasuries they could be left disappointed if they overestimate the speed with which the Fed will wrap up QE.

Short-term borrowing rates in China have soared to record highs as credit seizes up, prompting fears that the country's liquidity squeeze may be spinning out of control.

Advisory group, deVere, has been granted an Investment Adviser licence from the US Securities and Exchange Commission (SEC).

Investors should be thinking about cutting their exposure to Asia and emerging markets and looking more to the developed world, according to F&C co-head of multi-manager Gary Potter.

US

Manufacturing has begun to contract in the US and China for the first time since the Lehman crisis, raising fears of a synchronized downturn in the world's two largest economies.

Source launches first US energy ETF offering diversified exposure to Master Limited Parternships (MLPs) to European investors.

The US Internal Revenue Service (IRS) has turned its sights on the Caribbean as part of its commitment to global enforcement in order to stop the use of foreign bank accounts to evade US taxes.

Investor complacency and a "feeding frenzy" for yield represent the biggest current threats to investors, according to David Coombs, head of multi-manager investments at Rathbones.

Marcus Brookes, head of multi-manager at Cazenove, is backing Europe over the US despite the region's problems.