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  • BOV equity up for third consecutive session

    The equity of Bank of Valletta plc trended higher for the third consecutive session as it closed the session 0.4 per cent higher to regain the €2.37 level across 11 deals totalling 25,124 shares. The bank is expected to publish its interim results...

  • Europe’s banks prepare for ECB tests with new provisions

    The tens of billions of euros that eurozone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing European Central Bank stress tests in the next few months. A total of...

  • European shares sag as Ukraine worries, mixed updates weigh

    European stocks sank yesterday, resuming last week’s sell-off as worries over escalating tension in Ukraine and weak updates by bellweathers including Nestlé spooked investors. Renewed concerns over the pace of growth in China ahead of GDP figures...

  • Lufthansa to continue with Score restructuring after 2015

    Germany’s Lufthansa will continue with measures to cut costs and drive revenue even after its current restructuring program­me, dubbed Score and due to run only until 2015, has ended, its outgoing chief executive said. “We are looking at what will...

  • Daily currency report

    The euro opens at the lower end of ranges seen against the US dollar. Eurozone industrial output figures were released in line with forecast, which provided some support for the single currency, but gains were hard to hold on to. The dollar surged...

  • GSK faces criminal bribery investigation in Poland

    GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors to promote its lung drug Seretide, adding to problems for a company already accused of corruption in China and Iraq. Poland’s Central Anti-Corruption...

  • Money market report for the week ended April 11

    On Monday, April 7, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €104.62 billion, €6.02 billion...

  • Stocks rebound on upbeat US data; euro falls

    Global equities rose yesterday as robust US retail sales data signaled economic growth, while the euro fell after the European Central Bank gave its strongest signal yet that it would ease policy to cool the single currency. The encouraging retail...

  • French 2015 Budget to be based on 3% deficit goal – Finance Minister

    Finance Minister Michel Sapin said yesterday France’s Budget for next year would assume a public deficit target of 3 per cent of national output for the year, as promised to EU partners. After saying earlier this month France wanted to negotiate...

  • National Bank of Greece moves ahead with share sale plan

    National Bank of Greece is moving ahead with plans for a share offering to bolster its capital, two senior bankers familiar with the issue told Reuters yesterday. Greece’s biggest lender, which must plug a €2.18 billion capital shortfall under the...

  • Daily currency report

    The euro is facing selling pressures after a series of comments were heard over the weekend from various central bank officials and politicians calling for the European Central Bank to increase monetary stimulus. The only economic data on the...

  • BOV builds on recent gains ahead of results

    The equity of Bank of Valletta today continued to build on the gains registered during the past two weeks ahead of the publication of the interim results due on Friday April 25. BOV’s share price advanced by a further 1.3% to regain the €2.33...

  • EU’s Rehn counsels restraint on sanctions against Russia

    The European Union should refrain from harsh sanctions against Russia if it does not escalate a crisis over Ukraine, the EU’s top economic official said. Since Russia’s annexation of the Black Sea peninsula of Crimea, the European Union has...

  • GM places two engineers on leave in deadly ignition switch probe

    General Motors Co said has placed two engineers on paid leave as part of an internal investigation into defective ignition switches linked to 13 deaths and the global recall this year of 2.6 million cars. Reuters confirmed that the engineers are...

  • China consumer prices on the rise but industry deflation still persists

    China’s consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world’s second-largest economy. The consumer price index...

  • Chinese credit growth steady as central bank watches debt risks

    China’s central bank governor, Zhou Xiaochuan, said that, although credit growth was stable, the central bank remained vigilant against the risks from corporate indebtedness. “We must not lower our guard against the risk of high leverage in the...

  • ­­­Shipping movements

    The following ships are expected in Malta this week: The Deva from Antwerp to Haifa, the Jaguar from Misurata to Benghazi, the BC Hamburg from Sfax to Misurata and the Concordia from Tunis to Valencia (all Thomas Smith & Co. Ltd) today. The Maersk...

  • Real estate stakeholders call for rental ‘amnesty’

    Key stakeholders close to the real estate industry are calling on the government to announce an ‘amnesty’ to encourage owners of properties being rented out illegally to come forward. In the last Budget, the government introduced a flat rate of 15...

  • Google’s advantage in ‘native advertising’

    There are many internet users who may be wary of their privacy settings and on the information they share online. One of the reasons is that it is very likely that ICT giants like Google and Facebook may know their users very well. Google, in...

  • Don’t underestimate perils of poor data migration planning

    One of the challenges when implementing a brand new software application is the migration of data from the outgoing system. For the untrained eye this looks like a straightforward undertaking because it is not difficult to extract data from the...