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  • Share Index hits one-year high

    The share index extended its positive trend with a further 0.7 per cent uplift during this morning’s session to reach a new 1-year high of 3,532.422 points as various equities continued to advance with most reaching new highs. Amongst the large...

  • The liquidity hallmark

    The liquidity hallmark

    The European Central Bank (ECB) concluded its monetary policy meeting yesterday without surprises but with a renewed commitment of intervening as needed in the markets until “we see a sustained adjustment in the path of inflation which is...

  • Greece cannot rely on central bank to dodge funding crunch

    Greece cannot rely on the European Central Bank to raise a limit on Athens’ issuance of short-term debt, ECB president Mario Draghi suggested yesterday. He also said the rules meant the ECB could not buy Greek bonds under its new asset-buying...

  • Single energy market formation

    One of the priorities of the European Commission appointed at the end of 2014 is the formation of a single energy market. It is indeed unfortunate that the minute one uses the term ‘single market’ within an EU framework, one gets sceptics who...

  • ECB raises growth forecasts, to start printing money next week

    ECB raises growth forecasts, to start printing money next week

    The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next. President Mario Draghi said the first bond purchases with new money would take place on Monday. The...

  • China signals ‘new normal’ with higher spending, lower growth

    China signals ‘new normal’ with higher spending, lower growth

    China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signalled that the lowest rate of growth in a quarter of a century is the “new normal” for the world’s No. 2...

  • Bank of England keeps rates on hold, six years after crisis cut

    Bank of England keeps rates on hold, six years after crisis cut

    The Bank of England marked the sixth anniversary of its cutting interest rates to a record low by keeping them on hold once again yesterday, but an improving economy suggests rates are likely to rise at some point over the next 12 months. While no...

  • Aviva, Friends Life top forecasts ahead of £5.6bn merger

    Insurers Aviva plc and Friends Life Group plc reported forecast-beating yearly profits yesterday, lifting their shares to multi-year highs ahead of a £5.6 billion agreed merger due to complete next month. Aviva is acquiring Friends Life as changes...

  • Euro sags to new low as ECB stimulus set to begin

    The euro fell to an 11-1/2-year low against the dollar yesterday as US and eurozone bond prices rose, after the European Central Bank spelled out its one trillion-euro stimulus plan that begins next Monday. European stock prices were supported by...

  • Company briefs

    Company briefs

    The €1 million db Seabank Entertainment Complex has opened its doors to three new restaurants, the first bowling alley in the north of Malta, a sports bar and kids’ and teens’ clubs. db Seabank Resort + Spa, at Għadira Bay, was recently ranked as...

  • Local equities continue to advance

    Local equities continue to advance

    The MSE Share Index trended higher for the sixth successive session today with a further 0.2% increase to 3,507.197 points. This morning’s uplift was largely due to the continued recovery in the share price of HSBC Bank Malta plc which edged a...

  • Making the most of Quantitative Easing

    Making the most of Quantitative Easing

    Today marks the day that the European Central Bank will probably announce the start of its quantitative easing program. Assuming that the ECB starts purchasing Malta Government Stocks in March, the typical Maltese investor used to hoarding...

  • MIA’s share price rallies as dividend surges unexpectedly

    MIA’s share price rallies as dividend surges unexpectedly

    Last week, Malta International Airport plc published its 2014 financial statements and while the double-digit growth in pre-tax profits was expected, given the news earlier this year that passenger figures increased by 6.4 per cent, the extent of...

  • Britain agrees sale of Eurostar stake to British, Canadian funds

    Britain agrees sale of Eurostar stake to British, Canadian funds

    Britain agreed to sell its 40 per cent stake in the Eurostar rail link for £585 million to a consortium comprising the Canadian public pension fund Caisse de Depot du Placement du Quebec (CDPQ) and the British asset manager Hermes. The government...

  • German cooperative plans legal action over UK nuclear plan

    A German energy cooperative will take legal action against the European Commission for approving state aid for a £16 billion nuclear power plant in Britain, it said yesterday, arguing it threatens to distort competition. The project, to be built...

  • Barclays will cut investment bank again if performance does not improve

    Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a £750 million charge by the British bank provided fresh evidence of the costs of past misdemeanours by its traders. Barclays last year cut...

  • Stocks prices fall around the world

    Stock prices around the world fell yesterday on profit-taking, while the euro dropped to an 11-1/2 year low ahead of a European Central Bank meeting where policymakers are expected to offer details on their bond purchase stimulus plan. The Dow...

  • Greek ruins

    Greek ruins

    A man walks past graffiti depicting an ancient Greek temple supported by columns made from Euro coins, in the northern port city of Thessaloniki yesterday.

  • Shipping movements

    The following ships are expected in Malta: The Xin Lian Yung Gang from Port Klang to Koper, the The CMA CGM Azure from Damietta to Genoa, the Sena Kalkavan from Varna to Avcilar, the CMA CGM Norma from Port Klang to Valencia (all Carmelo Caruana Co.

  • Share index extends positive trend

    The share index closed in positive territory for the fifth consecutive session with a further 0.8 per cent increase during this morning’s session to yet another 10-month high of 3,501.597 points. Once again, the majority of the day’s active...