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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (April 11 – 17, 2014)

QFINANCE: financial news roundup (April 11 – 17, 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 April 17


Goldman Sachs and Morgan Stanley have surprisingly reported contrasting results for the first quarter of the year. While Goldman Sachs' net earnings dropped considerably to $2.03bn, Morgan Stanley's profit increased to $1.45bn, the BBC reported.

Related article: Goldman Sachs, the Symbol and Essence of What Went Wrong with Western Capitalism

Google shares have dropped, the BBC reported, despite a profit rise of 3% in the first-quarter. This is mainly due to concerns over the group’s inability to maintain advertising prices.


Wednesday April 16


UK inflation dropped to 1.6% in March, the Guardian reported, helped by a let-up in petrol price rises according to official figures. The Consumer Price Index (CPI) was at its lowest since October.

Related article: How rigged are the markets? Libor, ISDAfix, and now the oil price...

Chinese ecommerce group Alibaba reported a strong end to last year, the FT reported, due to a shopping spree.


Tuesday April 15


As Facebook and Google are racing to provide Internet access with aircraft, Google has bought drone manufacturer Titan Aerospace, the Telegraph reported.

Related article: Google in China—A thorny lesson unfolds

Europe’s financial chief has promised to take stronger actions against “flash boy” high-frequency traders, the Independent reported, as the world’s biggest futures market faced legal action related to the practice.


Monday April 14


UN Climate change experts said that “fracking can be part of the solution to global warming”, the Telegraph reported. Intergovernmental Panel on Climate Change said that a massive shift to green energy sources is crucial but that shale gas can help if it replaces dirtier coal.

Related article: Arab countries to be hit hardest by global warming says World Bank

Europe’s financial chief has promised to take stronger actions against “flash boy” high-frequency traders, the Independent reported, as the world’s biggest futures market faced legal action related to the practice.

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

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Tags: banking , China , EU , euro , European Central Bank , financial crisis , fiscal stimulus , regulation , UK , US , US economy
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