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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (August 1 – July 28, 2014)

QFINANCE: financial news roundup (August 1 – July 28, 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

Friday 1 August


In China, manufacturing is growing at its fastest pace in more than two years, the BBC reported, suggesting the country’s economy may be stabilizing.

Related article: China’s Fragile New Prosperity

The Trade Facilitation Agreement brought up at the World Trade Organization’s summit last December has failed, the BBC reported, as it should have been finalized this week.


Thursday July 31


For the second time in less than 15 years, Argentina has defaulted on its debt, the BBC reported. This comes following very last-minute talks with bondholders in New York, which resulted in failure.

Related article: The Trouble with Emerging Markets

The Bank of England has plans to impose seven-year clawbacks on bonuses, the Daily Telegraph reported, with direct costs of more than £260m on the country’s banks.


Wednesday July 30


European bond yields have reached their lowest point “since 15th century Genoa,” the Daily Telegraph reported, as several countries flirt with recession.

Related concept: Europe’s Surplus of Stagnation


Tuesday July 29


Russia was ordered by a tribunal to pay $50 billion (£29.4 billion) to shareholders of Yukos, the former defunct oil company, the Guardian reported. The tribunal in Hague ruled “the Russian state had sought to bankrupt Yukos, appropriate its assets and prevent its owner, Mikhail Khodorkovsky, from entering politics”.

Related article: Where does Wikileaks’ description of Russia as a “Mafia state” leave the Russian economy?

The International Monetary Fund has sent warnings about the rising pound saying that the Sterling is “overvalued”, the Daily Telegraph reported.


Monday July 28


New figures have revealed that the UK economy is moving further away from recession, which suggests that pressure on the Bank of England to raise interest rates will increase, the Daily Express reported.

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

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

Tags: Bank of England , banking , central banks , European Central Bank , European Monetary Union , financial crisis , global imbalances , International Monetary Fund , regulation , stocks and shares , UK , US
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