France and UK seek hedge fund deal

Gordon Brown and Nicolas Sarkozy are to try to hammer out a compromise deal over European Union reforms that the US and UK believe could damage the hedge fund and private equity industries

Markets mixed on China monetary jitters

Global Markets Overview: China reawakens fears over monetary tightening, US data boost stocks

Dodd to revise regulatory reform bill

Chris Dodd, the Senate banking committee chairman, said that he would introduce a financial regulatory reform bill next week in a substantial move forward for one of President Barack Obama’s legislative priorities.

Brazil poised to grow at least 5.5%

A surge in consumer demand and a strong recovery in investment suggest that Brazil’s economy is on course to grow at least 5.5 per cent this year, according to the country’s national statistics office

Schäuble calls for tough EMF sanctions

Wolfgang Schäuble, German finance minister, wants a European monetary fund to be backed by tough sanctions to enforce budgetary discipline, with countries facing expulsion from the eurozone ‘as a last resort’