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'Fund manager of decade': Buy European banks

European Union

For those with the stomach for risk, the best return in the world may come from the troubled euro region because credit risk has bottomed and the region's recovery is for real, according to David Herro, Morningstar's international fund manager of the decade.

Investors focus on UK economy's good side

Pic Cash

What do you prefer? The bad news that the Treasury clocked up a rare deficit in July, usually a month when the inflow of corporate tax receipts produces an overall surplus? Or the good news that the country's manufacturers are feeling their most chirpy since August 2011 according to the CBI?