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Features

  • Eurozone debt auctions get the limelight

    This week was marked by a number of key debt auctions from eurozone nations, among which were Portugal, Spain and Italy. Speculation has it that Portugal is the next possible candidate to apply for an EU/IMF bailout. Concerns over possible demand...

  • Saying no to tax obstacles in a borderless EU

    Saying no to tax obstacles in a borderless EU

    Finally, some good news on the financial side! A New Year’s resolution on the part of the European Commission to address a number of tax issues commonly encountered by Europeans who are living or investing their money in another member state. The...

  • Maltapost share price doubles since IPO

    Maltapost share price doubles since IPO

    The share price of Maltapost plc hit the €1 level on the penultimate trading day of 2010 helping the equity close the year as the best performer on the Official List of the Malta Stock Exchange with a gain of 42.9 per cent. The €1 level also...

  • Shares outperform bonds in 2010

    Shares outperform bonds in 2010

    With 2010 behind us and investors beginning to focus on themes likely to impact the market in 2011, a review of the main developments that affected the equity and bond markets over the past 12 months may prove useful. The local equity market...

  • One phone number for EU businesses

    One phone number for EU businesses

    A proposal floated by the European Commission’s Directorate General for Information Society and Media could result in businesses having an EU-wide telephone number. This proposal is part of the revisions to the EU regulatory framework in the realm...

  • Stable economic data helps to raise risk appetite

    EUR/USD trading pushed the price for the pair into the 1.34 region on the last trading day of 2010, however, at the open early last Monday, we saw a correction downwards towards levels seen prior to the December 31 run-up. Given the poor economic...

  • EUR and USD at all-time lows versus Swiss franc

    The euro bounced back earlier this week, recovering from recent weak levels against the US dollar and the Swiss franc. After trading briefly below its 200-day moving average against the dollar at the back end of last week, reaching a three-week...

  • Deadline for a European payment system

    Deadline for a European payment system

    A Maltese citizen living in Brussels will soon be able to pay his bills in Brussels by direct debit from his Maltese account. A Maltese company trading with Italy, Spain and Norway will soon be able to optimise cash flow by easily collecting funds...

  • Franchising a global brand in the Baltic States

    Franchising a global brand in the Baltic States

    In the first of a new series of business interviews with senior executives of companies whose shares or bonds are listed on the Malta Stock Exchange, I interviewed Melo Hili, managing director of Premier Capital plc. Premier Capital plc made its...

  • Support is softer but euro remains on the defensive

    The euro lacked support early this week, as volumes thinned ahead of year-end. The single currency was held back by the recent bout of downgrades and warnings – Ireland was downgraded last Friday and Moody’s placed Portugal under review for...

  • Promote e-invoicing at a national level

    Promote e-invoicing at a national level

    In a bid to keep up with the internet revolution, words like e-cash, e-signatures, and e-invoices have been coined for use in the world of e-commerce. New rules naturally have also followed, with the EU making great strides to ensure that the...

  • The Rizzo Farrugia Malta Government Stock Index

    The Rizzo Farrugia Malta Government Stock Index

    When commenting on the performance of the Malta Stock Exchange, a commonly used term is the MSE Share Index. This is the local benchmark used for tracking the overall movement in the shares on the Official List of the Malta Stock Exchange. The...

  • Rating agencies issue warnings to Belgium and US

    Earlier this week the EUR/USD experienced a considerable rise touching highs of 1.3498 after opening the week with prices around the 1.3200 region. Much of the rise has been attributed to euro buying by sovereign entities which pushed the euro...

  • Fines for anti-competitive associations

    Fines for anti-competitive associations

    A stern reminder by the European Com­­­mission that professional associations too have to toe the line where competition rules are concerned! Any restriction of competition committed by such professional bodies will be penalised by hefty fines...

  • The state of the local bond market

    The state of the local bond market

    For the first time in many years, last month’s Malta Government Stock offerings in the primary market were over-subscribed by members of the public at the fixed offer price leaving no balance available for the auction process where financial...

  • Online sales legislation

    Online sales legislation

    Electronic commerce is in full tilt: it has influenced in a fundamental fashion the ways in which enterprises and countries produce, trade and compete in the EU and worldwide. Consequently, any legislation, which impedes traders and businesses...

  • Crimsonwing generates record half-year revenue

    Crimsonwing generates record half-year revenue

    The September 2010 half year results published by Crimsonwing plc last week show that the IT services group generated total revenue in excess of €7 million during the six month period between April 1 and September 30. This represents a record...

  • Euro bounces higher as ECB buys bonds

    The European Central Bank news conference last Thursday disappointed many because ECB president Jean Claude Trichet failed to specify the much awaited details or amounts for the intensification of the present bond buying programme. The euro...

  • Acquisitions: Creating or destroying shareholder value?

    Acquisitions: Creating or destroying shareholder value?

    Acquisitions by pub­licly listed compa­nies have always been widely de­bated by financial analysts. Investors’ opinions as to whether a particular acquisition will eventually prove beneficial to shareholders of the company making the acquisition...

  • Euro breaches the 1.30 level against US dollar

    Last Sunday, eurozone finance ministers approved a €85 billion financial rescue package. The news was initially euro positive, but investors’ mood soon soured and the pair drifted to lows of 1.3064 during Monday trading. Ireland will use €10...

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