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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (March 28 – April 3, 2014)

QFINANCE: financial news roundup (March 28 – April 3, 2014)

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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.

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Thursday April 3

UK Coal could close two of the remaining deep mines in Britain in the coming two years, the BBC reported, which would result in the loss of 1,300 jobs.

Related article: Thorium reactors could hold the key to safer cheaper nuclear power

Royal Bank of Scotland (RBS) will be closing 44 branches across the UK, the BBC reported, 14 of which are classed as the "last banks in town".

Wednesday April 2

Russian Gazprom is tightening the noose on Ukraine, raising the cost of gas deliveries by 44%, the Daily Telegraph reported.

Related article: The tug of war over Ukraine

US federal agents are investigating high-frequency traders, the Daily Telegraph reported, following the publication of a book by Michael Lewis which reveals high-tech, fraudulent trading tactics used to make huge profits.

Tuesday April 1

The City AM reported that world's largest banks are still ‘too big to fail’ with continued government support to the tune of $600bn (£360bn), according to the International Monetary Fund (IMF).

Related article: No-one can afford “too big to fail” banks

Eurozone inflation slid to a 52-month low in March, increasing the pressure on the European Central Bank (ECB) to ward off the risk of deflation at this Thursday's monetary policy meeting, CNBC reported.

Monday March 30

China’s growth continued to show signs of a slowdown, with the FT reporting that the country’s largest banks “more than doubled the level of bad loans they wrote off” in the past year.

Related article: Stability proves testing for China

With Britain’s economy improving, the Guardian reported that analysts predict 80% of companies with a turnover of more than £1 billion to invest “up to £200 billion in next two years”.

Friday March 28

The International Monetary Fund has announced a $14 to $18 billion bailout for Ukraine, the Guardian reported, in “a deal that will unlock further credits to reach a total of $27 billion” over the next two years.

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

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Tags: bad loan , China , ECB , European Central Bank , eurozone , fraud , Gazprom , high-frequency trading , IMF , inflation , International Monetary Fund , investment , RBS , Royal Bank of Scotland , Too big to fail , UK , UK Coal , Ukraine , unemployment
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