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Home > Blogs > QFINANCE Editor > A week in the world of business and finance (February 24– March 01, 2012)

A week in the world of business and finance (February 24– March 01, 2012)

Each week will endeavor to bring you some of the biggest news stories from the past five days in finance and business, as well as some of the most fascinating websites and links that have crossed our path. We hope you'll enjoy reading it and you'll come back each Thursday to brush up on your finance and business knowledge.

Friday February 24

The Institute of International Finance called for budget caution on Friday urging the top finance leaders to enhance their efforts to promote growth. In a letter to the G20 and on the eve their meeting, international bankers made the point that excessive bank regulation could weaken a recovery, reminding the finance leaders of the eurozone risks on the world’s economies.
More on Reuters

Monday February 27

Despite a strong support from Germany to the second Greek bailout deal, Angela Merkel warned on Monday that there was “no 100% guarantee” the deal would work.   The voice of the Bundestag was clear as 496 MPs voted in favour of the Greek deal for 90 votes against only. In the UK, Lloyds and RBS were planning to tap the ECB three-years funding scheme for about €15bn.
More on The FT

Tuesday February 28

In England, ahead of the coming new Budget, the debate on bank regulations is still on the table as Barclays was refused to implement “abusive” tax schemes on Tuesday. The Treasury had announced on Monday it was closing two 'highly abusive' schemes, disclosed to HM Revenue & Customs without naming them.
More on CityWire

Wednesday February 29

In a letter to the Daily Telegraph on Wednesday, 500 business leaders were calling for a withdrawal of the 50p top rate tax from the coming Budget in Britain. “We urge George Osborne, the Chancellor, to consider scrapping the top rate of tax in his forthcoming Budget” the letter stipulated.
More on the Telegraph

Thursday March 01

This week ends with yet more bad news for the eurozone as recent figures showed a rise in unemployment in the past month. The rates in the 17 Euro countries increased to 10.7% in January from 10.4% last month leaving 16.9 million people out of work according to the Eurostat. In the UK, the rise of manufacturing sector was slowed down by an increase of oil costs in the past month.
More on BBC

Featuring events

Fleming Europe, together with top-level PPP professionals, has organized the 7th Annual PPP in CEE/SEE Summit (Vienna, 18-20 April 2012). Three days, three interactive workshops, four focused panel discussions, two parallel streams, 20 case studies covering six different areas and a session dedicated to Turkey. Leading experts and decision makers will share their insights into the policy, strategy and the economics of infrastructure and social infrastructure within the CEE/SEE region.

Come back next Thursday for another report on the world of business and finance.

Tags: banking , central banks , ECB , economic recovery , EU , European Central Bank , eurozone , Federal Reserve , financial crisis , GDP growth , global imbalances , Greece , inflation , international differences , RBS , regulation , sovereign debt , transparency , UK
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