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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (May 9 - 15 2014)

QFINANCE: financial news roundup (May 9 - 15 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.

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

Thursday May 15

Germany’s economy grew at a faster rate in Q1 than expected, accelerating to 0.8% from 0.4% in the previous quarter. Bloomberg reported that the country could drive the rest of the bloc to a recovery from the “longest-ever recession.

Related article: An Agenda to Save the Euro

Japan also grew at a very strong pace in the first quarter with GDP at 1.5%, the fastest growth it has had in “nearly three years,” the BBC reported. This is due, in part, to increased consumer spending ahead of a sales tax increase on 1 April.

Wednesday May 14

European countries have taken a step forward towards giving people the “right to be forgotten” online, the BBC reported, as a court ruling forces Google and other search engines to remove links from search results if requested.

Related article: In Data We Trust

The “escalating” Ukraine-Russia crisis is continuing to have a strong negative impact on both economies, the Wall Street Journal reported, risking a domino effect on Eastern Europe and other parts of the former Soviet bloc.

Tuesday May 13

The UK might see an interest rates rise before the general elections in May, the Daily Telegraph reported, while fears of a housing bubble are increasing, according to the Confederation of British Industry (CBI).

Related article: The UK public finances continue to disappoint us

China is reverting to credit amid fears that a drop in property might drag the economy down, the Daily Telegraphy reported. Fifteen main commercial banks will boost their loans to encourage first-time buyers.

Monday May 12

The newly published Sunday Times Rich List has announced that the UK has more billionaires per capita than any other country. The Guardian revealed that 104 of Britain’s “elite” now share a fortune of £301bn.

Related article: Can inequality be reduced without harming growth?

India’s stock markets peaked to a record high, the BBC reported, with predictions that the Narendra Modi-led Bharatiya Janata Party (BJP) and its allies are likely to win the general elections.

Friday May 9

Apple is completing its “largest ever acquisition”, the FT reported, with the purchase of Beats Electronics, the headphone maker and music streaming operator, for $3.2 billion.

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

Event of the Week

3rd Annual Collateral Management Forum 2014
In today’s economic environment, collateral management has become an integral part of each and every financial organization. This event will provide solutions for the most up-to-date topics and bring together C-level executives from the biggest and top European banks, institutions, and regulatory bodies.

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Tags: Apple , central banks , China , data , ECB , European Monetary Union , eurozone , Germany , housing bubble , interest rates , Japan , Privacy , real estate , sovereign debt , UK
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