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Home > Blogs > QFINANCE Editor > QFINANCE: financial news roundup (September 22 - 26, 2014)

QFINANCE: financial news roundup (September 22 - 26, 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

Friday September 26

GDP growth in Vietnam accelerated in the third quarter to 6.19% from a year earlier, reported Bloomberg. The country’s rise in foreign investment boosted manufacturing and exports.

As Vietnam loses faith in the dong, Hanoi struggles to rein in inflation

China uncovered $10bn of fake trades as part of its national crackdown on companies, reported the BBC. In total, 15 fraud cases have been reported for prosecution.

Thursday September 25

A ban on Indian coal mining permits threatens to raise the nation’s power generation costs, reported Bloomberg. India is already fighting the fastest inflation of all Asian nations.

Sector Profile: Mining

The euro fell to its lowest level against the dollar for 22 months, reported the City A.M., amid European Central Bank hints that stimulus may be boosted.

Wednesday September 24

Barclays has been fined £38m for failing to keep its clients’ assets separate from its own, reported the BBC. According to the Financial Conduct Authority, the bank’s investment arm had put £16.5bn of clients’ assets “at risk” between November 2007 and January 2012.

Do we trust banks? Diamond's Damascene conversion on the road to St Paul's fails to convince

German business confidence has dropped in September to its lowest level in over a year, reported the Wall Street Journal. This raises concerns that Europe’s largest economy will not soon return to strong growth after its contraction in the second quarter this year.

Tuesday September 23

Borrowing through personal loans in the UK has consistently outstripped repayments each month this year, reported the BBC. This is the first consistent month-on-month rise since 2007, according to the British Bankers’ Association.

Sector Profile: Banking and Financial Services Industry

Business growth in the Eurozone has dropped this month, reaching its slowest pace since December, reported Reuters. The latest Markit Composite Purchasing Manager’s Index (PMI) fell to 52.3%, from 52.5 in August.

Monday September 22

East African nations negotiated a draft agreement to extend preferential trade access with the European Union, reported Bloomberg. This will replace an interim accord which was set to expire next week.

Middle East and North Africa Region: Financial Sector and Integration

UK food and grocery giant Tesco saw four of its senior executives step down, as it investigates its £250m “overstatement” of half-year profits, reported the City A.M. Shares in the supermarket plummeted by 11% the morning after it admitted its mistake.

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CPE Credits available

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