US mutual funds are running low on cash

Cash reserves at US equity mutual funds slid to 3.6% of assets in January from 5.7% in January 2009, the quickest decrease since 1991. Ergo, the market rally may be running out of steam.

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Top 10 hoaxes

Hook, line and sinker. Here are some outrageous hoaxes of all time.

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The EU wants Britain to get its act together

The European Commission wants the Labour government to outline further spending cuts and spell out where the axe will fall on UK’s deficit, which is reaching for the stratosphere.

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