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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (September 20 - 26, 2013)

QFINANCE: financial news roundup (September 20 - 26, 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.

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

Thursday September 26

Following the US’s latest job figures last week, Asian and European stocks have only changed a little, Bloomberg reported today. In the US, however, index futures advanced.

Related article: America’s Labor Market by the Numbers, by Mohamed A. El-Erian

The “US could run out of money by 17 October” was the title of the City A.M. article this morning. As the congress is fighting to prevent a government shutdown, it now has to focus its energy on dealing with a federal debt default, according to the article.

Wednesday September 25

In the US, a bipartisan Senate majority has asked Barack Obama to address “currency manipulation” in trade negotiations with 12 Pacific nations, the FT reported.

Related article: Quantitative Easing and the Yield on the Ten Year Gilt

Chinese plans to create a free-trade zone in Shanghai has provoked mixed response from analysts, according to a survey for Bloomberg News.  The reaction is mixed, some believing the zone will have no effect on growth, whilst others feel it might boost annual expansion.

Tuesday September 24

Chinese renminbi forwards have reached a record high following the central bank’s announcement that it would tolerate appreciations against the dollar, the FT reported.

Related article: China considers opening the renminbi

BlackBerry has been sold by a consortium of Canadian investment companies for the price of $4.7 billion, the Daily Telegraph reported.

Monday September 23

IPOs in the UK have hit a record high of $7.16 billion this year, CNBC reported. The amount raised is more than eight times the same stage in 2012, according to Dealogic figures.

Related article: The Cost of Going Public: Why IPOs Are Typically Underpriced

Qatar banks well-set to deal with Basel III capital norms’, S&P associate director Timucin Engin told Gulf Times on Monday. The country’s industry will not have major issues on the capitalization side as more “guidance” is expected from the central bank.

Friday September 20

JPMorgan's mortgage probe bill is likely to be as high as $11 billion according to sources familiar with the case, Reuters reported. The biggest bank in the US, in terms of assets, is in the middle of talks with government officials to settle federal and state mortgage probes.

Related article: Bringing trust back to Wall Street

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

Tags: banking , central banks , China , emerging markets , European Central Bank , Federal Reserve , financial crisis , international differences , UK , US , US economy
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