Primary navigation:

QFINANCE Quick Links
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (May 23 - 29, 2014)

QFINANCE: financial news roundup (May 23 - 29, 2014)

Facebook LinkedIn Twitter

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 29

New figures from Japan revealed that retail sales fell 4.4% in April compared with the same period last year, the BBC reported. Raising the sales tax from 5% to 8% on April 1 is thought to have greatly reduced consumer spending.

Related article: What next for Abenomics and the Bank of Japan?

Growth gained momentum in Spain during the first quarter of this year, Bloomberg reported. GDP in the eurozone’s fourth-largest economy rose by 0.4%, alongside increased household and government spending.

Wednesday May 28

In India, new Prime Minister Narendra Modi is putting together a special force to seize illicit money, the BBC reported. Undeclared "black money" is seen a major barrier to the country’s economic growth and is often deposited in foreign banks.

Related article: India Today and Tomorrow

"Technology stocks are back," Bloomberg reported, as the Nasdaq 100 Index nears a 13-year high. Technology exchange-traded funds absorbed $1.1 billion of fresh cash last week, "more than any other industry" according to the report.

Tuesday May 27

Mario Draghi has warned the European Central Bank remains “alert” about whether further action will have to be taken to fight deflation, the Daily Telegraph reported, because the eurozone is still undershooting its 2% inflation target rate.

Related article: Deleveraging, Deflation, and Rebalancing in the Global Economy

Lloyds Banking Group’s subsidiary TSB is expected to go public, the Guardian reported, despite a decline in initial public offerings from the City.

Monday May 26

India's new finance minister Arun Jaitley has announced that tackling high inflation and fiscal deficits are the priorities for the nation, according to Reuters.

Related article: The Case for India

UK interest rates might rise before spring next year, the Guardian reported, and are likely to reach 3% in a few years' time, according to Bank of England outgoing deputy governor Charlie Bean.

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

Facebook LinkedIn Twitter

  • Bookmark and Share
  • Mail to a friend


or register to post your comments.

Back to QFINANCE Blogs

Share this page

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • Bookmark and Share

Blog Contributors