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  • European shares hit a nine-week high, led by banks

    European stocks rose yesterday, with a benchmark index hitting a nine-week high as eurozone banking shares gained on mounting expectation of more stimulus from the European Central Bank. Shares in Deutsche Bank, ING and BNP Paribas were up 2.0-2.2...

  • OECD sees gradual world recovery

    The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the eurozone struggles with stagnation and an increased deflation risk, the OECD said yesterday. There will be marked...

  • De La Rue posts first half profit fall

    Banknote printer De La Rue posted a fall in mid-year profit yesterday but said it was trading in line with expectations, spurring a brief jump in its shares following a string of profit warnings. The 201-year-old British firm reported a 37 per...

  • PTL Holdings plc bond issue heavily oversubscribed

    PTL Holdings plc, the holding company of PTL International, said today that due to heavy oversubscription for the €36 million 5.1% Unsecured Bonds 2024, the subscription lists which opened on Monday morning closed soon after at 9.30. Interest on...

  • MSE Share Index unchanged as volumes dwindle

    MSE Share Index unchanged as volumes dwindle

    The MSE Share Index ended this morning’s session practically unchanged at 3,294.820 points as trading activity dwindled to below the €100,000 mark. In the banking sector, Bank of Valletta plc eased 0.4% lower back to the €2.24 level across...

  • Europeans trust insurers less than supermarkets

    Europeans trust insurers less than supermarkets

    Fact: only 61 per cent of European consumers trust insurance companies compared with 87 per cent who trust supermarkets. Why? This is largely due to the low frequency of contact insurers have with their clients. The EY’s 2014 Global Consumer...

  • BT in talks to buy UK mobile operator

    BT in talks to buy UK mobile operator

    Britain’s BT Group is in early stage talks with Spain’s Telefonica on a deal to buy UK mobile operator O2, with two sources saying it has also begun negotiations with EE as it seeks a return to the British consumer mobile market. Both Telefonica...

  • French, British banks press EU to revise bank reform plans

    French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks, warning the move could discourage lending to struggling economies. The EU’s executive arm published a draft law...

  • Money market report for the week ended November 21

    On Monday, November 17, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €102.59 billion, €4.17 billion...

  • GSK shareholders to vote on Novartis deal

    GSK shareholders to vote on Novartis deal

    Britain’s GlaxoSmithKline has asked its shareholders to vote at a meeting on December 18 on its proposed major deal with Switzerland’s Novartis, which will see the two pharmaceutical group trade more than $20 billion of assets. The transaction,...

  • Russia puts losses from sanctions, sliding oil at up to $140 billion a year

    Russia puts losses from sanctions, sliding oil at up to $140 billion a year

    A slump in oil prices and Western sanctions over the Ukraine crisis are costing Russia up to $140 billion a year, Finance Minister Anton Siluanov said yesterday. “We’re losing around $40 billion a year because of geopolitical sanctions, and about...

  • Stocks, euro up on central bank stimulus signals

    World equities markets and the euro rose yesterday amid merger activity and signals that central banks are willing to step further into the economic breach to support growth and inflation. The dollar weakened and oil prices held steady, with Brent...

  • EU lawmakers to vote on Google break-up motion on Thursday

    EU lawmakers to vote on Google break-up motion on Thursday

    EU lawmakers will likely vote on Thursday on a motion proposing the break-up of Google and other internet technology companies, increasing political pressure on the bloc’s antitrust regulators to take a stronger line on the group. The Parliament...

  • Various equities move higher

    Various equities move higher

    Various equities closed in positive territory today, lifting the MSE Share Index 0.3% higher to 3,295.343 points. Most notably, the share price of Bank of Valletta plc gained 0.4% to the €2.249 level across 23,846 shares. Lower volumes were...

  • The battle of the ­generations rages on

    The battle of the ­generations rages on

    The battle for precedence between young and old is centuries old. Older generations have wisdom and experience on their side; the younger generations have abundant enthusiasm and freshness. In every aspect of life we see the eternal generational...

  • Takata executive warns about ability to fix deadly air bag flaw

    Takata executive warns about ability to fix deadly air bag flaw

    An executive from Japan’s Takata Corp told US senators the supplier is urgently trying to ramp up replacement parts for millions of vehicles fitted with potentially deadly air bags, but said it may not be able to move quickly enough. The US auto...

  • Election, EU uncertainty to add risk to British markets

    Investors in British assets may be headed for a year of uncertainty as the developed world’s second fastest growing economy faces something more usually associated with emerging markets: political risk. The outcome of a national election next May...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Jork Valiant from Ploce, the Stjerneborg from Tripoli to Tripoli, the BFP Galaxy from Piraeus to Piraeus, the Coneast from Tunis, the Devon Strait from Algiers (all Carmelo Caruana Co. Ltd), the...

  • Contract awarded for construction of business centre at Tigné Point

    Contract awarded for construction of business centre at Tigné Point

    Mid Knight Holdings Ltd has awarded an €18 million construction contract for its new business centre at Tigné Point to Frame Structures JV, a consortium composed of Mekanika Ltd, General Precast Ltd, Halmann Vella Ltd and JS Dimech Ltd, together...

  • Student accommodation being sought

    An advert appearing in the local media is a sign that things really are moving with regard to a project in Gozo. The Malta Enterprise advert calls for accommodation for 30 people in single rooms with en-suite bathrooms, noting that the number...