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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (September 15 - 18, 2014)

QFINANCE: financial news roundup (September 15 - 18, 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

Thursday September 18


China opened up its gold market to foreign investors for the first time this week, according to Bloomberg. The move is thought to reflect China’s desire to exert more influence over prices and boost the yuan’s global use.

Key Concept: China

Japan’s trade deficit narrowed slightly in August, reported the BBC, with a fall in imports lowering the country’s energy bill.




Wednesday September 17


The US Federal Reserve announced its decision to end its stimulus program in October, reported the BBC. However, no hints were given as to when interest rates might be raised.

Related article: The Fed's Surprise and Yellen's Challenge

Saudi Arabia will need to keep cutting oil output in order to maintain prices above $100 a barrel, reported Bloomberg. With output rising in Iran, Iraq and Nigeria, the benchmark Brent crude fell below $100 this month for the first time since June 2013.




Tuesday September 16


Goldman Sachs sold its first Shariah-compliant sukuk bond, attracting bids for three times its $500 million worth. Bloomberg noted that this move comes three years after its last venture into Islamic capital markets ended without a sale.

Sector Profile: Oil and Gas Industry

China is the top choice for Asian enterprises looking to expand, as revealed by a survey from the United Overseas Bank. According to the Straits Times, China appealed to 32% of respondents, with Singapore close behind with 24% of votes.




Monday September 15


Confidence among UK small businesses continues to improve, reported the BBC. A quarterly survey by the Federation of Small Businesses (FSB) showed that three fifths of UK firms expect to grow over the next 12 months.

Related article: What Entrepreneurs and Small Business Owners Can Do to Increase Their Chances of Success in the Global Economy

Retail sales in Singapore increased by 5.5% in July, according to the Straits Times. This was largely boosted by motor vehicle sales.




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