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News

  • German business morale brightens despite Trump, Brexit and French vote

    German business morale brightens despite Trump, Brexit and French vote

    German business morale was surprisingly buoyant this month, a survey showed yesterday, supporting expectations of a robust start to 2017 in Germany and the eurozone despite worries about US trade policies, Brexit and the French election. The...

  • UK farmers hold on to cash, cut investment on Brexit uncertainty

    British farmers are holding back on big investments as they brace for the UK’s exit from the European Union, their largest market and a vital source of subsidies. Agriculture enjoyed a brief boost after Britain voted to leave the bloc last June,...

  • Portugal banks’ buffers are not enough, clean-up is needed, says the IMF

    The capital buffers in Portugal’s banks are not big enough to deal with their bad loans, the International Monetary Fund warned, and it urged banks to clean up their balance sheets to help the country grow and cut its debt burden. In a report of...

  • Global stocks ease after records, dollar gains

    Global stocks pulled back from record highs yesterday while the dollar rose ahead of minutes from the US Federal Reserve’s January policy meeting, which could offer clues about the next interest rate rise. A stronger greenback weighed down oil,...

  • Shipping movements

    These ships are expected in Malta: The JSP Slidur from Tunis to Tunis, the Maersk Arizona from Sfax to Misurata (both Thomas Smith & Co Ltd), the MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime) and the MSC Vandya from Singapore to...

  • GO share price jumps to a fresh 9-month high

    The share index extended yesterday’s gains as it advanced by 0.51% to a new nine-year high of 4,752.876 points following strong increases in the share prices of GO (+2.9%) and MIA (+2.4%) as well as the more moderate gain of 0.5% in...

  • Regulating the rise in drones

    Drones are unmanned aircraft systems operated remotely. Initially drones were intended mainly for military purposes but their civil deployment is rising. Drones are increasingly being used commercially, including for transportation, monitoring,...

  • France joins the party as economic outlook for eurozone shines

    France joins the party as economic outlook for eurozone shines

    The eurozone’s economy improved sharply this month and enjoyed some rare positive news about jobs, with French business activity unexpectedly matching that in big beast Germany just as its presidential race heats up. Preliminary purchasing manager...

  • Global stocks hit record highs

    Stock prices across the world climbed to record highs yesterday on news euro zone business activity accelerated to its swiftest pace in six years, while the dollar gained on the view the Federal Reserve might raise interest rates in March. The...

  • Financial reporting season kicks-off

    The share index partly erased yesterday’s drop of 0.47% as it rebounded by 0.19% to 4,728.649 points.Trading activity was spread across eight equities: three moved higher, four closed the day flat whilst Malta Properties Company plc was the only...

  • Kraft backs out of Unilever bid after hostile reception

    Kraft backs out of Unilever bid after hostile reception

    Kraft Heinz Co.’s rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company’s shares yesterday as investors assessed the impact of the failed approach. Kraft, which is backed by...

  • Taiwan export orders grow as world gears up for iPhone 8

    Taiwan export orders grow as world gears up for iPhone 8

    Orders for Taiwan’s exports rose for a sixth straight month in January on strong global demand for hi-tech gadgets such as Apple Inc.’s iPhones and Chinese smartphones, bolstering the government’s view that economic growth could hit a three-year...

  • UK factories pick up pace but so do price pressures

    UK factories pick up pace but so do price pressures

    British manufacturers had their best month in two years in February but the post-Brexit vote fall in the value of the pound is making them push up their prices sharply, posing a challenge for 2017, an industry survey showed. The Confederation for...

  • Greece needs ‘far less’ money than agreed in third bailout

    Greece needs ‘far less’ money than agreed in third bailout

    Greece will need less in emergency loans from international lenders than originally agreed in its third bailout programme due to a better-than-expected budgetary developments, the head of the eurozone bailout fund was reported yesterday as...

  • Telcos, banks lift European shares as dollar dips

    European stocks rose yesterday, with gains in telecoms and banks offsetting a big fall in Unilever, while uncertainty over political developments and the timing of a US interest rate hike kept the dollar in check. US markets were closed for...

  • Money market report for the week ended February 17

    On February 13, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on February 14 and attracted bids from euro area eligible counterparties of €28.01 billion, €1.59 billion lower than the...

  • Trading activity in equities drops sharply

    The MSE Share Index retreated by 0.47% from last Friday’s nine-year high of 4,741.747 points to 4,719.596 points today. The total value of equities traded amounted to merely €0.08 million (the lowest level of daily trading activity this year)...

  • Digital transformation of financial services

    Digital transformation of financial services

    It may have become a hackneyed cliché to state that the exponential advances in technology are transforming our lives. In all areas of life, especially in healthcare and in financial services, the digitalisation of services has brought about...

  • Struggling European banks see light at end of low-rates tunnel

    Struggling European banks see  light at end of low-rates tunnel

    Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with the prospect of rising borrowing costs rippling from the US to Europe. Low rates, money printing and a penalty charge...

  • ­­­Shipping movements

    The MV Eurocargo Venezia from Catania to Genoa from Catania to Genoa, the MV Euroferry Malta from Catania to Salerno (both Sullivan Maritime), the Maersk Arizona from Sfax to Misurata, the Analena from Algiers to Algiers and the Cardiff from Izmir...

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