Advert

News

  • Trump administration, world financial officials clash over trade

    Trump administration, world financial officials clash over trade

    The Trump administration had a simple but stark message for world financial leaders who gathered in Washington on Thursday amid worries about rising US protectionism: fair trade means tit-for-tat tariffs. Speaking to bankers just hours after the...

  • Cheap Chinese steel in probe, rallying US steel stocks

    President Donald Trump launched a trade probe against China and other exporters of cheap steel into the US market, raising the possibility of new tariffs and sending shares of some US steel makers up over eight per cent. Citing concerns about...

  • Investors gain more hours of trading

    The MSE Index closed in the red as a 0.05 per cent decrease was registered over four trading days – in the first week of extended trading hours on the Malta Stock Exchange. The Index settled at 4,702.925 points as a total of 16 equities were...

  • Greek 2016 primary surplus seen around 4% of GDP, above bailout target – source

    Greek 2016 primary surplus seen around 4% of GDP, above bailout target – source

    Greece achieved a primary budget surplus of about four per cent of gross domestic product last year, outperforming its 0.5 per cent of GDP target under its bailout programme, a government official told Reuters yesterday. Earlier, the country’s...

  • Oil falls on supply fears; stocks and euro dip

    Oil prices fell yesterday as oversupply concerns resurfaced, while the euro and stocks dipped ahead of the first round in a too-close-to-call French presidential election. Far-right leader Marine Le Pen, an anti-EU politician who wants to ditch...

  • Daily currency report

    The dollar shrugged off another set of soft data that was largely offset by solid subcomponents. Weekly jobless claims rose more than expected but the less volatile four-week average improved and remained consistent with underlying strength in the...

  • Share index down to three-week low

    The share index today slid 0.3% back to a new three-week low of 4,702.925 points as HSBC, GO, Lombard and FIMBank all trended in negative territory.In contrast, BOV, MaltaPost and In contrast, BOV, MaltaPost and Malita Investment moved higher...

  • Duration just a part of the story

    As economic data continues its positive path, many market participants continue to question whether the 30-year bull bond market is approaching its end. The main reason of the said questioning is based on the fact that improved economic data will...

  • Reframing the economic problem

    Maybe many are familiar with The Economist’s Big Mac Index. According to The Economist itself, the Big Mac Index “offers a light-hearted guide to whether currencies are at their correct levels, according to the notion of purchasing-power parity”.

  • ‘UK risks 22% tariff on EU food imports if no Brexit deal’

    ‘UK risks 22% tariff on EU food imports if no Brexit deal’

    British shoppers could face an average tariff of 22 per cent on food from the European Union if Prime Minister Theresa May fails to reach a trade deal with Brussels before Britain leaves in two years’ time, retailers said yesterday. Nearly 80 per...

  • Forget about early-2018 ECB rate hike, investors now say

    Forget about early-2018 ECB rate hike, investors now say

    Investors are no longer expecting a rate rise from the European Central Bank by March 2018, money market pricing suggests, marking a sharp reversal in expectations for higher interest rates from just a month ago. ECB policymakers’ comments playing...

  • Corporate governance needed in cooperatives

    Corporate governance needed in cooperatives

    How far can corporate governance deliver a leading edge within a competitive agricultural sector? Godfrey Baldacchino wrote in 1990 that “The Maltese cooperatives movement was ushered in specifically as a cost-saving, profit-enhancing mechanism to...

  • EU’s top diplomat says China’s New Silk Road must be open to Europeans

    EU’s top diplomat says China’s New Silk Road must be open to Europeans

    Projects along China’s New Silk Road must be open to Europeans, the EU’s top diplomat said yesterday, as China’s prepares its first summit dedicated to the ambitious plan to link Asia, Africa and Europe. President Xi Jinping has championed what...

  • Stocks gain ahead of French election

    The euro and stocks on major markets recovered yesterday as a market-friendly presidential candidate held the lead ahead of Sunday’s first-round election in France. Former French finance minister, Emmanuel Macron, remained atop the polls for...

  • Share index relatively unchanged

    The share index closed today’s session relatively unchanged at 4,717.813 points as the uplifts in BOV and Plaza were offset by declines in GO and RS2. Meanwhile, a further six equities retained their previous closing price. Bank of Valletta moved...

  • Challenging period for Medserv

    On April 5, Medserv plc published its 2016 financial statements as well as its updated Financial Analysis Summary which included the 2017 financial forecasts. Moreover, the UK-based research house, Edison Investment Research, published an updated...

  • World stocks edge up

    World stock indexes mostly rose yesterday following mostly upbeat US corporate earnings, while US bond prices and gold fell as markets indicated improving risk sentiment. The dollar recovered from recent weakness against the euro and the...

  • S. Korea, US trade agreement review

    A key policy adviser to South Korea’s presidential frontrunner said yesterday he does not expect a renegotiated free trade agreement with the United States to hurt trade between the two major export nations. “Statistics show the US has achieved...

  • Shipping movements

    These ships are expected in Malta: The Antwerp from Algiers to Algiers, the Maersk Regensburg from Algiers to Annaba, the Maersk Arizona from Sfax to Misurata (all Thomas Smith Shipping Ltd), the MV Eurocargo Malta from Genoa to Catania (Sullivan...

  • More than seven in 10 institutional investors see ‘hard’ Brexit – research

    More than seven in 10 institutional investors see ‘hard’ Brexit – research

    More than seven in 10 (73 per cent) institutional investors believe Brexit will be ‘hard’, including 29 per cent who believe it will be ‘very hard’, research by Managing Partners Group (MPG), the international asset management group, reveals. More...