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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (March 21– 27, 2014)

QFINANCE: financial news roundup (March 21– 27, 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 March 27


The euro fell against the dollar and European government bond yields hit their lowest level in years, with news of potential monetary easing policies from the European Central Bank, Reuters reported.

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

Ukraine is closing a deal with the International Monetary Fund (IMF) on financial assistance worth $14-18bn (£8.5-£11bn) over the next two years, the BBC reported.



Wednesday March 26


UK’s consumer price inflation has dropped to a four-year low, the Telegraph reported, pushed by much cheaper petrol and diesel prices than before.

Related article: Arctic oil: Russia rules, OK?

US legal settlements since the financial crisis will have cost Wall Street banks and their foreign rivals a total of $100 billion, the FT reported.



Tuesday March 25


Russian capital flight has “spiked dramatically” since Putin first sent troops into Crimea, the Telegraph reported. According to the article, this may reach $70bn (£42bn) over the first quarter of the year.

Related article: The tug of war over Ukraine

The UK Financial Conduct Authority has revealed that hedge funds manage $470 billion (£285 billion) with 82% of the assets controlled by just 20 large firms, the Independent reported.




Monday March 24


Internet giant Yahoo has moved its tax base to Ireland, as part of a major restructuring which could cost governments across Europe millions, This Is Money reported.

Related article: The Curse Of The Treasure Islands: How Tax Havens Are Sinking Europe’s Economy

Visa and MasterCard have restarted processing payment transactions for customers of a Russian bank linked to oligarchs blacklisted by the US government, the FT reported.



Friday March 21


Rating agency Fitch says Britain's public sector net debt needs to fall before the country can regain its top-notch triple-A rating, the Telegraph reported.

Related article: How to Use Credit Rating Agencies




Event of the week


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

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Tags: banking , China , European Central Bank , European Monetary Union , eurozone , financial crisis , fiscal stimulus , IMF , regulation , UK
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