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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (September 13-19, 2013)

QFINANCE: financial news roundup (September 13-19, 2013)

Each week QFINANCE.com 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.

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 us at qfinancenews@bloomsbury.com

Thursday September 19


Stocks rose considerably in Europe and in Asia after the US Federal Reserve announced it would not scale back its economic stimulus program, the BBC reported on Thursday.

Reported article: QE 2- the last resort

JPMorgan Chase & Co. has admitted violating federal securities laws, Bloomberg has reported. According to the article, the group has agreed to pay about $920 million for failing to implement adequate controls.



Wednesday September 18


In Asia, 66% of fund inflows seem to be 'here for long haul', according to the ST Asia Report, although markets are wary that funds will keep flowing out of the region.

Related articles: Asia- Future perspectives

Microsoft plans on spending $40 billion buying back its own shares to raise the company’s dividend, the Guardian reported on Wednesday. This move aims to appease investors’ concerns that the group is failing to capitalize on the smartphone boom.



Tuesday September 17


Dominique Strauss-Kahn, ex-IMF chief and French presidential candidate has announced his plans to work as economic adviser to the Serbian government, Reuters reported on Tuesday. This is his first incarnation since the sex scandal that cost him his job.

Related article: Après Strauss-Kahn, le déluge?

A newly published report showed that Qatar’s strategy to be the center for Islamic banking is succeeding, Gulf News reported on Tuesday. Standard & Poor’s Ratings Services research showed that demand for local credit to finance government infrastructure and investment projects has made the country’s Islamic banking system the fastest-growing in the world.



Monday September 16


In the US, ex Treasury Secretary Larry Summers is withdrawing from the candidacy to the head of the US central bank. The BBC reported that he was among the front-runners, Obama’s favorite but was strongly opposed by other Democrats.

Related article: Central bankers and the future of central banking

Japan has switched off its last nuclear reactor, the Daily Telegraph reported on Monday, as the country plans to rely on imported gas and oil for the coming year. This shows a failure to reanimate Japanese nuclear industry and a “major setback for Premier Shinzo Abe”, according to the article.


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

Tags: banking , central banks , China , ECB , economic recovery , eurozone , financial crisis , global imbalances , Greece , IMF , regulation , sovereign debt
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