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  • Trading activity drops to two-week low

    Trading activity in the equity market dropped to a two-week low today of €77,134 with the MSE Share Index retreating for the second consecutive session with a 0.2 per cent drop to 3,509.628 points. Today’s decline was mainly due to the 0.8 per...

  • Japan overhauls world’s biggest public pension fund

    Japan overhauled the world’s biggest public pension fund yesterday, appointing new committee members, in a push towards Prime Minister Shinzo Abe’s goal of a more aggressive investment strategy. The government announced a reshuffle of the...

  • Shares rise on corporate results as the euro gains

    Global equity markets rose yesterday, powered by solid US corporate earnings and deal-making activity among European drugmakers, while the euro edged above break-even. On Wall Street, the S&P 500 and the Nasdaq were on track for a sixth straight...

  • Novartis transforms drug business with new deals

    Swiss drugmaker Novartis is transforming its business by exchanging certain assets with GlaxoSmithKline and divesting its animal health business to Eli Lilly in deals worth billions of dollars. The revamp, announced yesterday, is the result of a...

  • Daily currency report

    Many investors will return from the long Easter break to study data on eurozone consumer confidence which could support the euro which is now trading at one-and-a-half-month lows against a bullish sterling. The pound also remains near four-year...

  • MSE Share Index retreats from 1-month high

    After reaching a one-month high during last Thursday’s session, the MSE Share Index retreated by 0.3 per cent to 3,515.355 points as most of the active equities closed lower during this morning’s session. Among the large equities, the share price...

  • China shoe strike spreads and enters second week

    One of China’s biggest strikes in years stretched into a second week yesterday, and spread from a huge shoe production complex in southern Guangdong province to a facility owned by the same company in neighbouring Jiangxi province. Workers at the...

  • Money market report for the week ended April 18

    On Monday, April 14, the European Central Bank announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, April 15, and attracted bids from euro area eligible counterparties of €112.17 billion, €7.55 billion...

  • New EU law to help investors pick good corporate citizens

    Investors looking for companies with good environmental, social and governance track records will find the job easier after European politicians ruled that thousands of firms must reveal their performance as corporate citizens. Trillions of...

  • Japan exports growth slows sharply

    Japan suffered its worst annual trade deficit in March as exports growth slowed to its weakest in a year, suggesting a rapid loss of economic momentum that may prompt policymakers into early action as a national sales tax hike puts more strain on...

  • Italian growth could top 0.8% – minister

    Italian Economy Minister Pier Carlo Padoan said in interview he believed that growth in 2014 could be more than 0.8 per cent but that he could not say by how much. In the interview in the Corriere della Sera, Padoan was asked if growth could come...

  • Apple, Google vie to offer exclusive game apps

    Apple Inc. and Google Inc. are wooing game developers to ensure that top game titles arrive first on devices powered by their respective operating system, the Wall Street Journal reported, citing people familiar with the matter. Both the companies...

  • Dollar firm while US stocks flat on earnings

    US stocks were little changed yesterday as investors found little reason to push up prices after last week’s rally, while the dollar reached a two-week high against the yen after Japan posted a record trade deficit. The S&P 500 index last week...

  • Daily currency report

    The US dollar was a touch firmer and near two-week peaks against the yen in still subdued holiday trade. Major markets in Europe remained closed for the long Easter holiday weekend. The yen declined after figures showed Japan posted a...

  • Compensation battle rages four years after BP’s oil spill

    Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over. Jules Melancon, the last remaining oyster...

  • Italian PM Renzi reduces taxes for 10m low earners

    Italian Prime Minister Matteo Renzi has cut taxes for 10 million low earners to try to boost household spending after a two-year recession, making good on a promise he made after taking office two months ago. Renzi’s Cabinet passed a decree on...

  • ­­­Shipping movements

    The following ships are expected in Malta this week: The Sirius from Misurata to Mersin, the Tyrusland from Tripoli to Tripoli, the HS Bruckner from Valencia to Livorno, the Karina from Tunis to El Khoms, the Bernhard Sibum from Ploce (all Carmelo...

  • Halmann R&D breakthrough

    A research project at Halmann has paid off, enabling it to incorporate a sealer into its internationally-acclaimed terrazzo tiles. The company exports the tiles for projects with very high traffic, ranging from Tesco supermarkets to train stations.

  • Handle with care

    Members of the Malta Chamber would un-doubtedly welcome lower rates of interest on their borrowings. However, they would not agree to lower interest rates if these were to bring about any threat to the stability of the local banking sector or...

  • Collective agreement signed for APS Bank

    After months of intensive negotiations, APS Bank and the Malta Union of Bank Employees (MUBE) reached final agreement on the new Collective Agreement which covers 2014 to 2016. This was the ninth agreement successfully concluded with the bank. The...