Bogle calls for Janet Yellen to be given second term
Legendary investor Jack Bogle believes the Federal Reserve will raise interest rates twice over the next 12 months and wants Fed chair Janet Yellen to be granted a second term. (FN)

Invesco nears $1bn deal to buy Guggenheim ETF unit
Invesco is close to buying out the $30bn exchange traded funds unit of US financial services firm Guggenheim Partners. The $125bn money manager is understood to be negotiating a cash deal. (FT)