Europe

European politicians have voted to reform the bonus structure of fund managers, a move which puts the UK at a "competitive disadvantage" and could damage shareholder value, according to PwC.

The Euro Group's new president has warned the UK could be facing a "new sterling crisis" as concerns grow over the state of public finances.

SOAPBOX

It has been a hectic year for investors, with the eurozone debacle driving core bond yields to record lows, while equity markets were buffeted by fears over China and the US.

Nouriel Roubini has warned the eurozone faces a 'depression' if policymakers do not relax tough austerity measures.

The eurozone has officially entered recession, the latest GDP data shows, as growth in core economies was offset by a surprisingly weak figure from the Netherlands.

The "lunacy" of the euro and its "inevitable" end may improve the funding position of UK pension schemes, economist Roger Nightingale has said.

Workers approaching retirement could be hit by significantly weaker annuity rates as the eurozone's economy enters a technical recession, an adviser group has warned.

In the latest InvestmentEurope Conjecture debate, our panelists from SPDR ETFs and S&P Capital IQ discussed ETFs.

European shares have opened lower for the third consecutive day after Japan led Asian indices lower overnight.