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Market Analysis

  • Shipping movements

    The following ships are expected in Malta: The Merito from Bejaia to Skikda, the BFP Galaxy from Aliaga to Piraeus, the Stadt Schwerin from Iskenderun to Bejaia and the Fas Dammam from Algiers to Algiers (all Carmelo Caruana Co. Ltd) today. The...

  • Enhancing the value of auditor reporting – KPMG

    Following the global financial crisis, users of audited financial statements want more insight into audited entities and their financial statements. Many feel that, although the auditor’s opinion is valuable, the auditor’s report could provide...

  • Will the ‘Yellen Effect’ dent euro’s resilience?

    Will the ‘Yellen Effect’ dent euro’s resilience?

    Last week the EUR/USD’s seemingly-unstoppable six-week advance was interrupted by what the markets have dubbed as the ‘Yellen Effect’. After its six-week rally, that gave the euro over 3 per cent of gains when seen against the US dollar, last week...

  • Malita Investments meets dividend expectations

    Malita Investments meets dividend expectations

    The financial reporting season is now in full swing. Various companies with a December year-end have already published their annual financial statements and many others will follow in the coming weeks until the deadline of April 30. One of the...

  • Euro shares steady, Italian stocks down

    European shares held steady yesterday, although Italian stocks slipped in strong volumes as Prime Minister Matteo Renzi said the European Union’s budget deficit limit of three per cent of economic output was outdated. Shares in UK insurers also...

  • Shipping movements

    The following ships are expected in Malta: The Eemsdijk from Algiers to Misurata, the CMA CGM Almaviva from Port Said to Genoa, the CMA CGM Effingham from Genoa to Port Said and the Saint Roch from Benghazi to Benghazi (all Carmelo Caruana co Ltd)...

  • Can gold rally continue?

    Can gold rally continue?

    The year so far has seen the price of gold curb some of the losses of 2013. Gold at $1371.52/ounce has rallied by 14 per cent year to date (price as at March 17), versus last year’s loss of circa 28 per cent. The drivers? Most prominently, tension...

  • Concerns over China, Crimea keep safe haven currencies bid

    Safe haven currencies enjoyed solid demand over the past week as the standoff over the Crimea region remained in focus. Concerns over China’s slowing economy are also one of the major focal points of the year so far, with surging debts in the...

  • MIA final dividend up 12.5%

    MIA final dividend up 12.5%

    Malta International Airport plc published its 2013 annual financial statements on March 5. The airport operator registered yet another record financial performance reflecting the record passenger numbers during the year. A total of 4.03 million...

  • British economy set to be fastest growing among G7

    Britain’s economy will grow faster than any other G7 nation in coming quarters, but the Bank of England will not raise interest rates until next year to avoid choking off the recovery, a Reuters poll showed yesterday. The poll of over 50...

  • Concern over China slowdown hits stocks

    Global stock indexes declined for a fourth day and copper dipped to near four-year lows before rebounding yesterday as increasing concern about China’s economic slowdown unnerved investors. The concerns over China also pressured the Chilean peso...

  • Shipping movements

    The following ships are expected in Malta: The Maersk Regensburg from Sfax to Misurata (Thomas Smith Shipping Ltd) and the OS Bodrum from Annaba to Tunis (Carmelo Caruana Co. Ltd) today. The Safmarine Bayete from Izmir to Algeciras, the Concordia...

  • A cold chill from the East

    A cold chill from the East

    While the current turmoil in Ukraine is having a sizeable impact on the most directly related financial markets, there has been no general sell-off in risk assets. The country’s sovereign Credit Default Swap (CDS) contract, which measures the cost...

  • US jobs data shows resilience despite bad weather

    Things got busy towards the end of last week. The outcome of the ECB policy meeting on Thursday proved to be a significant trigger, but it was not the only market mover. Much of the pre-ECB speculation was let down as the ECB in the end engaged in...

  • Costa Coffee internationalisation strategy

    Costa Coffee internationalisation strategy

    On February 19, Island Hotels Group Holdings plc announced that The Coffee Company Malta Ltd was recently awarded the Costa Coffee franchise in selected parts of Spain, namely the East Coast, the Balearic Islands and the Canary Islands. The Coffee...

  • Markets stabilise on reduced jitters

    World markets were calm yesterday after two days of wild swings, with the United States and Russia set to hold talks on easing East-West tension in Ukraine. An index of global equity markets clung to modest gains, currency and bond markets...

  • Shipping movements

    The following ships are expected in Malta: The Connorth from Algiers to Annaba, the CMA CGM Lavender from Tanger Med to Thessaloniki, the Eemsdijk from Annaba to El Khoms, the Coneast from Tunis to Tunis, the Violet from Aliaga to Tanger Med, the...

  • Malta government bond priced

    Malta government bond priced

    Last week and earlier this week, the government of Malta tapped the bond market for the first time this year out of a planned four to five issues in 2014. In so doing, the sovereign raised just under €160 million via three different maturities –...

  • Markets jittery on Ukraine tensions

    World shares, commodities and currencies went on a whiplash ride at the start of this week, as rising tensions in Ukraine over the weekend were dampened down abruptly on Tuesday after Russian President Vladimir Putin ordered troops involved in...

  • HSBC Malta dividends decline

    HSBC Malta dividends decline

    On Monday morning, HSBC Bank Malta plc kicked off the reporting season for those companies with a financial year to December 31, 2013. HSBC Bank Malta plc published its annual financial statements just before the start of Monday’s trading session...

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