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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (October 25 – 31, 2013)

QFINANCE: financial news roundup (October 25 – 31, 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 October 31

Germany’s economic policies are affecting the Eurozone and the global economy, the US Treasury said. The report has also criticized China raising worries that the yuan is still “significantly undervalued”, the BBC reported.

Related article: China’s Financial System: Challenges and Opportunities

G7 Central banks said currency-swap lines put together during the crisis will be made permanent, Bloomberg reported. This will provide backstops to safeguard against future turbulence.

Wednesday October 30

The US Federal Reserve will go on with strong quantitative easing, Reuters reported. The policy is likely to be extended into 2014.

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

European markets are climbing as stocks reached the highest peak for the last five years, Bloomberg reported. Companies such as Eni SpA (ENI) and Volkswagen AG reported profit above estimates.

Tuesday October 29

David Cameron has announced plans for Britain to issue Islamic bonds in the form of sukuks, Reuters reported. The move will make Britain the first non-Muslim country to issue the Islamic bond, which is expected next year.

Related article: Islamic Capital Markets: The Role of Sukuk

A large majority of senior financial services executives want the UK to stay in the EU, Reuters reported. According to CityUK, the survey of 101 UK-based chief executives showed that 94% wished to see the UK retain its membership.

Monday October 28

India and China are two of the top five destinations for merger and acquisition activities, according to a report from Ernst & Young. "The top five destinations for would-be dealmakers are: China, India, Brazil, United States and Canada," Financial Express reported.

Related article: Which is more open financially, India or China?

The planned European financial transaction tax would be “an enormous risk” for the countries concerned, the governor of the French central bank Christian Noyer told the FT in an exclusive interview. The tax would be a danger to financial stability, Noyer added.

Friday October 25

The Bank of England governor Mark Carney announced stronger financial regulations for the near future, IB Times reported. "The UK can host a large and expanding financial sector safely, if we implement a reform agenda that extends well beyond domestic banking," Carney said.

Related article: The new sheriff in finance's global village

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

Tags: banking , China , corporate governance , European Central Bank , Federal Reserve , financial crisis , fiscal stimulus , UK , US , US economy
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