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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (September 1 - 5, 2014)

QFINANCE: financial news roundup (September 1 - 5, 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 September 5


The United States reported job growth of 142,000 for August, the BBC reported, falling short of expected levels. The rate of unemployment fell to 6.1%

Related article: America the Reckless

Germany reported its strongest industrial production for almost two and a half years, with growth of 1.9% in July, reported the BBC. This follows a stream of positive data from the EU’s biggest economy; however it still has to battle its overall economic contraction of 0.2% during the second quarter of this year.








Thursday September 4


The European Central Bank (ECB) announced its new deflation-fighting measures, reported Reuters, which included an asset-backed securities program and a record low benchmark interest rate of 0.05%.

Related article: ECB's negative interest rates hammer savers but will it make banks lend?

Despite strong signs of recovery in the United Kingdom, the Bank of England announced that it was keeping interest rates on hold at 0.5%, reported the Financial Times. Officials have said that they will be watching for signs of pay growth as their marker for raising rates.








Wednesday September 3


New data from the World Economic Forum’s Global Competitiveness Report ranked Switzerland as the most competitive economy in the world for the sixth year running, reported the Straits Times. This was followed by Singapore, which also retained its position from last year.

Related article: Singapore and the growing power of Asian finance

Credit Suisse announced that it was investigating two of its London traders over allegations of misconduct, the BBC reported. Allegations include sharing client information with rival banks and inappropriate behavior in the office.








Tuesday September 2


Brazil Business News reported that the nation’s real-estate bubbles is set to deflate slowly, but not burst yet. Prices are rising at about a third of the pace seen in 2011, which comes as welcome relief amid news that the economy entered a recession in the first half of this year.

Related article: India and Brazil – Still Winners as the Global Economy Collapses?

UK stocks rose to an 8-week high, according to Bloomberg, despite concerns that the Bank of England would soon be raising interest rates.








Monday September 1


Construction of a new gas pipeline linking Russia and China started this week, marked by a ceremony in Yakutsk, Siberia, reported the Beijing Review. As part of a deal worth $400bn (£240bn), Russia has agreed to ship 38bcm of gas over to China annually for 30 years starting in 2019.

Related article: Huge $400 billion Russia China gas deal a tough ask

Bloomberg reported that officials at the Bank of Japan expected Prime Minister Shinzo Abe to proceed with his planned sales-tax increase next year. The tax could increase to as much as 10%, in order to maintain confidence in the government’s finances.








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