Investment
Commodities | 30 Nov 16
Oil spikes after OPEC strikes first deal in 8 years
The price of Brent crude oil surged above $50 (£40, €47) per barrel as rumours became reality that OPEC members had finally reached an agreement.
Woodford IM and L&G to fund UK start-ups
Woodford Investment Management (IM) and Legal & General’s principal investment arm have taken stakes in a £150m ($187m,€176m) venture platform to support UK digital start-ups at all stages of the funding cycle.
Fixed Income | 30 Nov 16
Schroders unveils first credit income fund
Schroders has launched the Schroder ISF1 Global Credit Income fund, its first credit income fund.
Pacific Investments launches asset management business
Sir John Beckwith’s Pacific Investments group has launched Pacific Asset Management (PAM), which will initially focus on the multi-asset retail space, with institutional fund launches planned at a later stage.
Investment | 29 Nov 16
ANALYSIS: Will the Fed turn its back on the world next year?
With a December interest rate rise now close to certain, investors will no longer be trying to assess when the Federal Reserve will raise rates next, but what the path will be after this.