Bonds

Mark Dampier: They say the only way is down but some bonds are

Forecasters have called the top of the bond market on numerous occasions over the past two years, but gilts have resolutely not behaved in the way in which many bond fund managers expected. Today, 10-year gilts are yielding  1.9 per cent. Yields may have touched a low of 1.4 per cent last summer, but in reality they have settled in a tight trading range.

American billionaire George Soros buys stake in Manchester United

Crashing out of Europe can mean very different things to different people. Manchester United's early exit last year from the Champions League spelled a big hit to revenue and pride. George Soros, in contrast, made his name, and perhaps a billion pounds, when his Quantum fund bet that Britain would have to leave the European Exchange-Rate Mechanism in 1992. The octogenarian financier has now turned his attention to the Premier League giants. That could help lift investor sentiment about the recently floated Red Devils.

Greece eyes bailout after debt deal

Greece has cleared a major hurdle in its race to avoid bankruptcy by persuading the vast majority of its private creditors to sign up to the biggest national debt writedown in history, paving the way for a second massive bailout.

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Yahoo co-founder Jerry Yang quits

Yahoo co-founder Jerry Yang is leaving the struggling internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.

Successful debt auctions give boost to Spain and Italy

Spain and Italy gave financial markets a boost as they successfully raised nearly €22 billion ($27.98 billion) in two keenly watched debt auctions that showed renewed investor confidence in the countries' attempts to get a grip on their debt problems.

Time is running out for Greece to avoid default

Chancellor Angela Merkel met the International Monetary Fund's managing director Christine Lagarde in Berlin yesterday for talks dominated by the worsening Greek debt crisis and Athens's race against time to avoid a disorderly default in little over two months time