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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (May 2 - 8, 2014)

QFINANCE: financial news roundup (May 2 - 8, 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 May 8


Chinese exports and imports showed signs of recovery in April with £18.4bn of trade surplus, the BBC reported, relieving fears about a slowdown of its economy.

Related article: China’s Fragile New Prosperity

India's economic growth is predicted to rise to 4.9% in 2014, according to the OECD, and “expected to gain momentum” the Economic Times reported, with a decline in "political uncertainty" after the general elections.








Wednesday May 7


Chinese internet giant Alibaba is filing for an IPO in the US, the BBC reported, which is expected to be “one of the biggest in history.” Alibaba’s own estimated valuation was between $96.9 billion and $121, according to the reports.

Related article: IPOs in Emerging Markets

The UK’s Financial Conduct Authority (FCA) faces losing its power to impose fines on banks and bankers, the Daily Telegraph reported, following a consultation by the Treasury on the country's regulatory regime.








Tuesday May 6


The European Commission said it expected the UK’s rapid growth to become “ingrained” and more balanced, the Daily Telegraph reported, as two separate recent reports suggested the strong rate of expansion was likely to continue.

Related article: The UK Recession is Officially Over

UK house prices rose by 8.5% year-on-year, newly published figures from Halifax revealed today. The BBC reported that prices were 2.3% higher in the past three months to the end of April than the three months to the end of January.








Monday May 5


Iran said it would be willing to supply natural gas to Europe, the Daily Telegraph reported, if Russia retaliates against EU sanctions by restricting its own supplies of fuel.

Related article: Crude Oil and Iran: Who Blinks First?

Greece is now ready to formally open debt relief, the Guardian reported, “in a step likely to be hailed as further proof of Europe's receding economic crisis.”








Friday May 2


Africa50, the largest development lender of the continent, plans to launch a $3bn infrastructure fund this month, the FT reported, with the aim to raise money from regional and non-African pension funds, insurance groups, sovereign wealth funds and institutional investors.








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Tags: banking , central banks , China , economic recovery , EU , euro , Greece , India , inflation , regulation , UK
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