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QFINANCE weekly round up

Bringing to you the top finance and business news stories of the week. This week, Spain's successful bond auction, more talk of currency war, and eastern promise in the eurozone.

On Monday, Brazil added to anxiety over currency wars, warning that a full trade war was to come if countries didn’t stop manipulating exchange rates.

On Tuesday the FT reported on Petrochina buying a stake in Scottish refinery Ineos, while Wednesday’s news highlighted Japan’s decision to buy 20% of the eurozone’s first bond issue.

Later in the week, UK news reported that NHS consultants were being paid over £100,000 in overtime leading to criticism over NHS financing.

High demand was seen for Thursday's Spanish bond auction, while further reassurance came on Friday as the minister of economy and finance said Spain would ‘definitely not’ need a bailout.

Tags: bailout , Brazil , China , currency wars , economic recovery , Japan , Spain
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