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Buffett to hold shares to avert panic

US investment guru Warren Buffett says he will not be selling shares when the New York Stock Exchange reopens today after the terrorist attacks.

All eyes are on the US stockmarket today to see if the attacks will spark a recession following plunging markets around the world. Many expect an interest rate cut from the Federal Reserve to restore market confidence.

Buffet says he has faith in the underlying strength of the US economy. He says: "My view is that this is the best place in the world to invest. We have the strongest economy."


Inora offers 10.75% on high-income plan

Dublin based life office Inora Life is launching the second of its income plans, only two weeks after the FSA issued a consumer warning about the risks associated with high-income style products. The dynamic income fund 2, which launches on October 1 and closes on November 16, has a minimum investment of £6,000. It offers […]

Old Trafford: Home fixture

Mortgage Next is running a series of broker roadshows at Premiership football grounds throughout September and October. The roadshows, which take in 12 clubs, will offer brokers the chance to speak to lenders on Mortgage Next&#39s panel about products available through the network. At each location there will be representatives from seven of the 19 […]

The Daley Update

ABN Amro is set to introduce a North American fund in the last quarter of the year. The fund will be managed by US fund manager Montag Caldwell, which the Dutch bank acquired this year. Credit Suisse Asset Management launches a new multi-manager Pep transfer and Isa offering today. Investors can choose any of CSAM&#39s […]

Professionals will be looking to IFAs for LTC planning

IFAs stand to be the principal source of advice for investors looking to fund their long-term care costs, according to research from PPP Lifetime Care.More than two-thirds of professional and managerial adults believe they will have to pay for their own long-term care and 25 per cent plan to seek out independent advice, says the […]

Neptune India: three stocks we’re buying & the one we’re not

By Kunal Desai, Head of Indian Equities The Neptune India Fund’s investment process serves as a key differentiating feature of the portfolio versus its peers, contributing to its significant outperformance under Manager Kunal Desai’s tenure. Focusing on industry disruption, accounting quality, liquidity and corporate governance, Kunal sets out three stocks that he’s buying in the […]


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