Primary navigation:

QFINANCE Quick Links
QFINANCE Reference

Home > Blogs > QFINANCE Editor > QFINANCE: News Briefing (March 9– 15, 2012)

QFINANCE: News Briefing (March 9– 15, 2012)

Each week brings you some of the biggest news stories from the past five days in finance and business – essential reading to keep you up to date with latest topics.

If you have any views on how we can improve this service or new areas you would like to see covered, please do not hesitate to contact me at

Friday March 9

The week ended with a great relief for Europe as the Greek deal was going ahead when 69% of its international debt holders agreed on a debt swap on Friday. Although critics doubted the longevity of this solution, European leaders seemed to be very satisfied as "today the problem is solved," French President Sarkozy said.
More on BBC

Monday March 12

China reached its largest trade deficit for 20 years on Monday despite the extra efforts made to sell to Europe that were undermined by the euro crisis. Amongst the analysis, there is a general feeling that the Chinese economy is slowing faster than the government expects and that it might lead to looser monetary policy.
More on The Telegraph

Tuesday March 13

The credit rating agency Moody’s warned that many European companies are expected to default through distressed debt exchanges in the coming year as the very low economic growth and high debt is pushing them to buy discounted loans and bonds. Moody’s predicts “distressed exchange” and expects its corporate default rate rise from 2 to 3 per cent by the end of the year.
More on The FT

Wednesday March 14

Goldman Sachs lost more than $2 billion on Wednesday following the public resignation of its top executive Greg Smith. Goldman's name burnt up the web with the very public resignation, which was executed through a letter as an op-ed at the New York Times.
More on NYDaily News

Thursday March 15

Fitch credit rating agency warned a "negative outlook" for the UK's top AAA rating on Thursday a month only after Moody’s expressed similar concern. Awaiting the new budget next Wednesday, Fitch is expecting Osborne to “reaffirm the government's commitment to deficit reduction”.
More on The Week

Featuring events

The 3rd Annual Corporate Tax Forum (Amsterdam, 25-26 April 2012) was carefully designed to help participants learn about the latest updates on legislative developments, corporate tax strategies and transfer pricing best practices. The forum will cover effective tax risk management and compliance strategies, corporate tax and transfer pricing in BRIC countries, institutional developments within the EU, strategic tax planning, dealing with increasing documentation requirements, successful audit management and many more.

25+ of the top banks in CEE will be represented at the biggest and most reputable Credit Risk meeting in the region, the 8th Annual CEE Credit Risk Management Forum (Warsaw, 19-20 April 2012). The event will provide all participants with the best answers to present and future challenges in credit risk management. Special Features: Workshop (Risk Adjustment Performance Measurement); CRO Roundtable Discussion (Risk Modeling Challenges for the Board).

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

Tags: banking , capital adequacy , central banks , China , economic recovery , EU , European Central Bank , European Monetary Union , eurozone , financial crisis , global imbalances , Goldman Sachs , Greece , Greek debt , hedge funds , inflation , international differences , regulation , sovereign debt , stocks and shares , UK , US , US economy
  • Bookmark and Share
  • Mail to a friend


or register to post your comments.

Back to QFINANCE Blogs

Share this page

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • Bookmark and Share

Blog Contributors