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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (June 11-18, 2013)

QFINANCE: financial news roundup (June 11-18, 2013)

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 the latest topics.

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Tuesday June 18

In the UK, inflation has increased as the rate of consumer price index rose to 2.7% in May, the BBC reported on Tuesday.

Related article:  A monetarist case for UK optimism

Leaders of the G8 economies have reached an agreement on new measures to control money launderers, illegal tax evaders and corporate tax avoiders, the BBC reported on Tuesday.

Monday June 17

A new report by Ernst & Young showed that private equity firms sold fewer European businesses last year, The Independent reported on Monday. This reflects a highly "volatile" economic climate and a reluctance to provide debt financing for deals.

Related article: Globalization and Regional Business strategy

In France, companies have agreed to a new set of corporate governance rules, the FT reported on Monday. This includes the creation of a special body to oversee compliance, according to the report.

Friday June 14

Following EU talks and Merkel’s efforts towards negotiation with China, the European Union has launched talks regarding tariffs on imported EU stainless steel pipes, The Daily Telegraph reported on Friday.

Related article: So does RBS boss Stephen Hester deserve his £1m bonus?

Thursday June 13

“HESTER QUITS” was the title on the front page of City AM on Thursday morning after the RBS chief executive announced he was stepping down at the end of the year. This follows “mounting pressures from an increasingly hands-on Treasury,” according to the article.

Related article: So does RBS boss Stephen Hester deserve his £1m bonus?

Inflation is expected to strike back in Japan, as country is probably the source of the question mark hanging over global markets lately, LiveMint reported last week.

Wednesday June 12

Technology giants Google, Facebook, and Microsoft have urged the US government to allow them to disclose the security requests they receive for handing over user data, the BBC reported on Wednesday.

Related article: In Data We Trust

In India, the rupee continued its fall against the dollar, the Wall Street Journal India reported on Wednesday. This comes after the Indian finance minister failed to deliver or announce concrete steps to reassure investors.

Tuesday June 11

The first US assessment of reserves from Russia to Argentina has revealed that global shale resources are vast enough to cover more than a decade of oil consumption, the BBC reported on Tuesday. Some 7,299 trillion cubic feet of shale gas reserves could boost natural gas resources by 47%, according to the US Energy Information Administration.

Related article: Challenges in Global Energy and Their Potential Impact on the Cost of Energy

Eurozone banks have cut cross-border holdings of government and corporate bonds, Reuters reported on Tuesday. Lower-rated euro-zone debt underperformed safe-haven German Bunds, according to the article.

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

Tags: banking , business , China , corporate governance , European Central Bank , European Monetary Union , Finance , financial crisis , regulation , sovereign debt , UK , US economy
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