Osborne Boost Triggers £1bn Housebuilder Sale

The owners of Britain's biggest provider of retirement homes are inviting sovereign wealth funds to table £1bn-plus takeover bids just as the Government relaxes planning rules to trigger a housebuilding boom.

Ireland to give green light for hedge funds to lend

(Reuters) - Ireland, one of the biggest hubs for funds in Europe, will allow hedge funds based in the country to lend to companies under new rules drawn up by the central bank, the bank said.

Sovereign Debt and Beyond: Toward a New Magna Carta?

Source: The Globalist

Alexander Mirtchev and Norman Bailey

The global debt burden appears to have gathered an unstoppable momentum, prompting divergent reactions. The world economy cannot count on growth to solve the global debt problem — and stimulus measures are not a sustainable solution. In the second installment in the series “The Search for a New Global Equilibrium,” Dr. Alexander Mirtchev and Dr. Norman Bailey explain why the solutions currently being offered are wholly inadequate to the scale of the problem, and argue the time is ripe for a “new Magna Carta” — a redefinition of the social contract among the government, Main Street and Wall Street.

Taxpayers' £66bn in RBS and Lloyds at risk, say MPs

The £66bn of taxpayer funds used to buy shares in Royal Bank of Scotland and Lloyds Banking Group at the height of the financial crisis may never be recovered, a powerful group of MPs warned on Friday.

Funds load up on cash as euro fears intensify: Reuters Poll

LONDON (Reuters) - Global investors, fearful of the escalating euro zone sovereign debt crisis and slowing world economy, retreated sharply from equities in May and held more cash than at any stage since the crisis erupted in early 2010, a Reuters poll showed on Thursday.