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  • Earnings and Federal Reserve become the key market drivers

    Yesterday’s mix of disappointing economic data and corporate earnings underpinned a risk off trading session which concluded with the European equities about 1.22% lower and the US market down by 1.34%.  Early during the day, it was the below...

  • Layout of a store registrable as trademark

    The representation of the layout of a retail store may be registered as a trademark, the Court of Justice of the European Union recently confirmed. In order to qualify as such, such a representation must however be capable of distinguishing the...

  • UK’s 2014 growth was fastest in seven years

    UK’s 2014 growth was fastest in seven years

    Britain’s economy recorded its fastest annual growth since 2007 last year despite a bigger-than-expected slowdown in the final three months of 2014, giving a mixed message just 100 days before Britons go to the polls. British gross domestic...

  • Siemens profit falls as price pressures hurt power and gas

    Siemens profit falls as price pressures hurt power and gas

    Siemens has missed its first-quarter profit forecasts and announced management overhauls at its power and gas and healthcare divisions, putting pressure on chief executive Joe Kaeser before a shareholder meeting yesterday. Kaeser, a former Siemens...

  • EU aims to complete capital markets union by 2019 – document

    The EU will put in place its “capital markets union” by 2019, starting with encouraging direct investment in businesses, an EU document shows. The document sets out a timetable for the first time on a core policy plank of the Europ-ean Commission...

  • Multinational earnings hit hard by strong dollar

    As earnings season heats up, a slew of large multinational companies have posted disappointing results and outlooks with a common culprit to blame – a strong dollar. The impact has crossed sectors ranging from industrials to technology, affecting...

  • Oil gives up early gains on firm dollar, shrugs off Opec comments

    Oil gives up early gains on firm dollar, shrugs off Opec comments

    Oil gave up early gains with Brent futures slipping below $48 yesterday as a stronger dollar weighed, offsetting comments from producer group Opec that prices may have found a floor. The secretary-general of the Organisation of Petroleum Exporting...

  • Facebook ‘not hacked’

    Facebook ‘not hacked’

    Access to Facebook, the world’s largest social network, and its Instagram photo-sharing site was blocked around the world for up to an hour yesterday, which the company said later was due to an internal fault and not an outside attack. The outage...

  • Stocks fall on low US earnings and euro up v dollar

    Global stock indexes fell yesterday following disappointing earnings results and weaker-than-expected US durable goods orders, while the euro rose for a second day against the dollar. All three major US stock indexes were down around two per cent...

  • Various equities trade as bonds continue to rally

    The share index ended practically unchanged at 3,426.744 points today as the declines in the share prices of HSBC and International Hotel Investments offset the gains registered by six other equities. HSBC’s share price retreated by 0.5 per cent...

  • It's all Greek

    Now that the markets are slowly (or rather quite fast by the way credit and government bond yields have moved) digesting last Thursday’s news that the European Central Bank will be injecting up to €60 billion of monthly asset purchases,...

  • EU open to later Greek debt repayment, not forgiveness

    EU open to later Greek debt repayment, not forgiveness

    Europe showed a willingness yesterday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government’s demands for debt forgiveness. European Union leaders and policymakers responded to Greek anti-bailout...

  • Money market report for the week ended January 23

    On Thursday, January 22, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO), the marginal lending facility and the deposit facility will remain unchanged at 0.05 per...

  • German business morale rises for third straight month in January

    German business morale rose to its highest level in six months in January, climbing for a third consecutive month, a survey showed yesterday, in a sign that 2015 got off to a strong start for Europe’s largest economy. Ifo’s business climate index,...

  • Aer Lingus mulls €1.36bn takeover bid

    Aer Lingus mulls €1.36bn takeover bid

    Aer Lingus is considering an improved €1.36 billion takeover proposal from International Consolidated Airlines Group (IAG), the third attempt by the owner of British Airways to buy its Irish rival. Aer Lingus said yesterday the new proposal was...

  • Euro recovers, stocks up after Greek election

    The euro rebounded from two days of sharp losses yesterday, even as an anti-bailout party was victorious in Greek elections, while global stock indexes edged up on confidence in the European Central Banks's new money-printing program. The...

  • Further gains for equity and bond markets

    Further gains for equity and bond markets

    Following last week’s 1.9% rise, the MSE Share Index advanced by a further 0.3% to 3,426.717 points as seven of the eleven active equities closed in positive territory. MIDI plc led the pack of gainers, climbing by 9.5% to reclaim its €0.23 level...

  • The effect of quantitative easing on equities

    The effect of quantitative easing on equities

    Now that Mario Draghi announced quantitative easing (QE), investors want to know two things; the first being whether there is still upside in equity prices from these levels after the strong rebound and the second being what equities they should...

  • Europe’s failed immigration politics

    Europe’s failed immigration politics

    It is now just over two weeks since the famous Paris march to commemorate the death of 17 persons at the hands of terrorists. The popular disgust at these atrocious crimes was evident on the faces of over four million people who went out on the...

  • Harvard buys up water rights in drought-hit wine country

    Harvard buys up water rights in drought-hit wine country

    Harvard University has quietly become one of the biggest grape growers in California’s drought-stricken Paso Robles wine region, securing water well drilling permits to feed its vineyards days before lawmakers banned new pumping, according to...