The US and European governments won't be able to make any significant cut back on its deficits, according to investors.

Insurers and regulators are still unsure after recent proposals were made on the regulation of life insurance products.

A spokesman said that AT&T have not made any formal proposal to acquire Telefonica, disproving recent reports on the alleged deal.

During the Morningstar Investment Conference, investors expressed their favor to non-agency mortgage loans.

High yield investors flee from the European junk bond market as funding costs increase. (Photo : reuters) This is an image of investors instenely watching the stock market.

Seibu Holdings was questioned by Cerberus Capital Manamgement in an attempt to gain support from shareholders to shake up its board.

Nimesh Shah, a former Deutsche Bank researcher and venture capital investor, is named as partner at VC company Domain Associates.

Euro-area rose amidst negative forcest led by France. (Photo : Reuters)This is a photo of the French and EU flag. The industrial output in the Eurozone has risen despite earlier predictions, mainly due to France's unexpected rebound, giving investors a glimpse of hope to a lomg-awaited revival of the currency bloc's economy from recession.

The Australian dollar fell to a three-year low due to the country's slow approval rates on home-loans.

Global trades on bullion fell as the United States' credit outlook gets boosted by Standard & Poor's.