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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (June 6 – 12, 2014)

QFINANCE: financial news roundup (June 6 – 12, 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 June 12

China has announced new measures aimed at boosting its economic growth. The Shanghai Daily reported that the plans include the construction of new railways, roads and airports to connect China’s less developed inland regions to Shanghai.

Related article: China’s Financial System: Challenges and Opportunities

Novartis’ Japan office is currently under scrutiny after it revealed a delay in filing key reports, the BBC reported.

Wednesday June 11

The unemployment rate in the UK fell even further to 6.6%, a five-year low. However, according to the Guardian, real wages shrank again.

Related article: Forward Guidance Mark II – further stretching logic

South African-based platinum producer Lonmin reported that it may need to raise capital to survive the region’s longest and costliest mining strike, which has paralyzed operations for around five months. The Africa Report said that prospects for a quick resolution remained “dim”.

Tuesday June 10

Rising optimism in Asia over global growth prospects helped to nudge stocks to three-year highs, reported The Straits Times.

Related article: Asia: Future Perspectives

Monday June 9

Japan reported growth of 1.6% for the January-to-March period this year, exceeding its initial estimate of 1.5%. The BBC reported that this increase was due to stronger growth in business investment, which rose by 7.6% during this period.

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

Conflict between Russia and the European Union could be on the horizon, following disputes over the construction of the South Stream natural-gas pipeline. According to The Wall Street Journal, the European Commission was concerned that the structure would flout EU competition rules. The pipeline, backed by Russian gas giant Gazprom, was planned to ship gas to western Europe via the Balkans so as to avoid Ukraine.

Friday June 6

Asian stocks demonstrated mixed reactions to the strong easing measures introduced by the European Central Bank (ECB) last week. The BBC reported that Japan, Hong Kong and Australian stocks showed an initial rise before giving up their gains in later trade.

Related article: What are the consequences of negative interest rates?

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

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