Jenny Cosgrave is a staff writer at CNBC.com covering asset management, economics, markets and wealth. Previously she worked as a correspondent for Investment Week, covering the U.K. asset management industry.
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One of the U.K's most prominent fund managers has joined Bill Gates in backing a small biopharmaceutical firm with a bumper $50 million investment.
U.S. stock futures pointed to a firm open, following the previous day's sharp falls and amid key data releases as yields held near recent highs.
Deputy Foreign minister of Greece Euclid Tsakalotos has been drafted in to lead debt talks with creditors to replace hot-headed Finance Minister Yanis Varoufakis.
U.S. stock index futures indicated a lower open as markets digested mixed data and major moves in the dollar and Treasurys, after the Fed statement.
U.S. Treasury yields traded back-and-forth after the Fed delivered a statement in which it removed all calendar references to raising interest rates.
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