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Features

  • Equity market indicators which reveal a company’s strength

    Whether in res­pect of inter­national equi­ties or local equities, one still comes across individuals who look at the absolute price of a share to determine if it is high or low rather than looking at the important indicators which reveal the...

  • The promise of personalised medicine

    The pharmaceutical care landscape is presently characterised by a number of challenges, namely an increase in regulatory requirements and R&D costs, coupled by a paradoxical decrease in the number of new active ingredients reaching the market. The...

  • Eurozone debt concerns: The Irish domino effect

    Eurozone debt concerns for the countries of the periphery keep making headlines and expectations of some sort of European Union intervention are escalating. The big question is if Ireland will eventually have to tap for EU aid any time soon. Last...

  • Greenback gathers renewed support as QE limelight eases

    Once the Federal Reserve’s plans for further easing were unveiled, the greenback enjoyed renewed support earlier this week. With the investors’ limelight away from the US’s second round of QE, eurozone debt problems might be attracting some of the...

  • Legislative scrutiny of rating agencies

    A credit rating agency is a company that assigns credit ratings to institutions that issue debt obligations. A credit rating measures creditworthiness, or the ability to pay back a loan. Opinions of credit rating agencies, which often have greater...

  • Midi set to become sixth largest company on MSE

    Following a highly successful bond issue in January 2009, Midi p.l.c. is now tapping the market with a share issue. During a recent briefing for all stockbrokers, Midi’s CEO Ben Muscat immediately highlighted the fact that this is not an offer of...

  • BOV’s profitability of €98.9m only marginally below ’07 record level

    The results published by Bank of Valletta plc for the year ended September 30, 2010 show that the group registered a pre-tax profit of €98.9 million during the past 12 months. This represents a growth of 20.9 per cent over the previous year, and...

  • The wait for FOMC is finally over. What about Europe?

    At the time of writing, the market awaited anxiously the outcome of a two-day FOMC meeting in which the Federal Reserve was expected to announce a new bout of monetary easing, more commonly referred to as QE2. The US central bank was expected to...

  • Abusing of dominance

    Dominant companies cannot hide behind regulatory action taken by national authorities when committing an abuse. Any abuse of a dominant position on the EU market contravenes the EU competition rules and deserves hefty fines, the European Court of...

  • G20 pledge manages to ease risk of currency wars

    During G20 meetings in South Korea last weekend, finance chiefs concluded a surprise deal favouring a power shift within the IMF to emerging nations. G20 countries also made a commitment to keep current account imbalances at sustainable levels,...

  • The EU directive on copyright in the information society

    The EU directive on copyright and re­lated rights in the information society protects the reproduction rights of authors, performers and producers in relation to their audio, visual and audio-visual material. Yet the directive allows private...

  • Bond redemptions in the final quarter of 2010

    During the final three months of the year, the mar­ket will ex­per­ience five bond redem­ptions. The gov­ernment of Malta, Simonds Farsons Cisk plc, Dolmen Properties plc, Bay Street Finance plc, and P G Finance plc (formerly Big Bon Finance plc)...

  • US dollar back in support as QE looms

    The EUR/USD pair reached an eight-month high of 1.4159 last Friday. It gained momentum following Thursday’s move by Singapore to widen currency trading bands, but the immediate push to reach the 1.4159 came shortly after Fed chairman Ben Bernanke...

  • The world in 3D: an analysis of Malta’s performance

    It was a pleasure to have been among the invitees for last week’s business breakfast organised by HSBC Bank Malta plc. Many were evidently fascinated by the simple but very effective presentation delivered by HSBC’s senior global economist Karen...

  • Gender is an irrelevant risk factor

    Taking the gender of an insured person into account as a risk factor in insurance contracts is incompatible with the EU’s fundamental principle of ensuring non-discrimination on grounds of sex. To this end, member states must not be permitted,...

  • Weekend meetings fail to address Forex matters

    During the weekend, various G7, IMF and World Bank meetings failed to prop up any specific agreement on Forex matters and left countries contemplating on engaging in “currency wars” (a term coined by the media) as still free to manoeuvre. The term...

  • Healthcare without frontiers

    A series of rulings by the European Court of Justice (ECJ), beginning over a decade ago, established that healthcare could be sought by EU citizens in any member state, while patients seeking such cross-border healthcare were entitled to have...

  • Bay Street seeks to repurchase €6.5 million worth of bonds

    In a first for the local financial market, Bay Street Finance plc announced last week that it will be seeking to repurchase all its outstanding bonds amounting to €6.5 million at a price of 102 per cent. This offer will be valid between October 15...

  • Safer use of medicines

    A number of measures guaranteed to enhance the safe use by consumers of medicines found on the EU market have finally seen the light of day. The recent vote of approval taken by the European Parliament on a substantial number of amendments to EU...

  • FimBank announces new short-term bond issue in EUR and USD

    FimBank plc issued a company announcement last week informing the market that it had applied to the Malta Financial Services Authority to issue a new bond amounting to an equivalent €25 million subject to an over-allotment option of up to a...

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