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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (24 - 30 January, 2014)

QFINANCE: financial news roundup (24 - 30 January, 2014)

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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 January 30


The US economy grew at a rate of 3.2% in the final quarter of 2013, official figures have revealed today. “Optimism over the health of the world's largest economy led to a further easing of the Federal Reserve's stimulus measures”, the BBC reported.

Related article: The Fed's Surprise and Yellen's Challenge

South Africa’s Reserve Bank has increased its interest rates, “a day after a similar move by Turkey”, the BBC reported. Bank governor Gill Marcus said that the "depreciation of the rand exchange rate" was the main reason for the move.








Wednesday January 29


Fourth-quarter growth figures for the UK revealed that overall annual growth for 2013 was the fastest the country had seen since 2007, the Independent reported.

Related article: A "Monetarist" Case for UK Optimism

India’s Finance Ministry guaranteed that the US Federal Reserve's decision to lower down monetary stimulus would not affect Indian markets, assuring that the Reserve Bank of India and the government would ensure financial stability, the Economic Times reported.








Tuesday January 28


Stocks were heading for their “worst day in almost six months” the FT reported on Tuesday, as emerging markets remained volatile.

Related article: The Fed and the Emerging Market Crisis: Ignore At Your Peril

Technology giant Apple saw a surprising fall in shares on Tuesday, despite announcements of record iPhone and iPad sales, the Guardian reported. According to the article, shares fell 5% in after-hours trading.








Monday January 27


Head of the European Central Bank Mario Draghi said he was prepared to “fight deflation in Europe by buying packages of bank loans to households and companies”, the FT reported.

Related article: The UK Recession is Finally Over

Deutsche Bank’s co-chief Anshu Jain was cleared of his role in Libor rigging, the Daily Telegraph reported. This conclusion was reached after hundreds of inquiries with Deutsche Bank staff.










Friday January 24


Argentina’s Cabinet chief Jorge Capitanich announced that the country would relax its strict foreign exchange controls, the BBC reported. The decision came the day after the peso fell 11% against the dollar – its steepest fall since the financial crisis in 2002.

Related key concept: Emerging Markets








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Tags: Anshu Jain , Apple , Argentina , Bank of England , Deutsche Bank , dollar , ECB , emerging markets , European Central Bank , exchange rate , Federal Reserve , Gill Marcus , growth , India , Jorge Capitanich , Libor , peso , rand , Reserve Bank of India , South Africa , stocks , UK , USA
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