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  • Investor survey shows 38% chance of eurozone break-up in 12 months

    Investor expectations of the eurozone breaking apart have risen to their highest level in two years, a survey showed, even after Greece agreed a financial lifeline with its eurozone partners. The sentix Euro Break-up Index (EBI) gave its highest...

  • US equities ease from record highs as the dollar falls

    US stock prices fell yesterday, with the Dow Jones industrial average and Standard & Poor’s 500 receding from their record highs, while the dollar fell from its 11-year peak versus a basket of currencies. Investors are awaiting evidence the global...

  • Barclays takes extra £750m for potential fines as profits rise

    Barclays takes extra £750m for potential fines as profits rise

    Barclays has set aside an extra £750 million for potential fines arising from allegations of manipulation in the foreign exchange market as the British bank’s annual profits rose a higher-than-expected 12 per cent thanks to a sharp cut in...

  • High trading activity in MIA shares

    The equity of Malta International Airport experienced a surge in activity today as a total of 182,638 shares changed hands. The share price edged a further one per cent higher to yet another new high of €3.05. MIA’s equity was in the limelight...

  • How enterprise resource planning can help businesses perform better

    Enterprise resource planning, known as ERP, is the unification of various resources in an organisation or business into a single computer system that meets the demands of all of the various departments. The benefits to this include better...

  • ECB uncomfortable with leading role in Greek funding drama

    European Central Bank policymakers decamp to Cyprus tomorrow wrestling with the uncomfortable fact that they may hold the keys to Greece’s continued membership of the euro. With no political appetite for a ‘transfer union’ that could see wealthier...

  • ‘Greek reforms could prompt bailout payment this month’

    ‘Greek reforms could prompt bailout payment this month’

    Greece’s international creditors could pay part of the €7.2 billion remaining in its bailout pot as early as this month if Athens starts adopting necessary reforms, the head of the eurozone finance ministers’ group said. “My message to the Greeks...

  • Money market report for the week ended February 27

    On Monday, February 23, 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 €165.35 billion, €43.24 billion...

  • Samsung unveils sleek new Galaxy phones to battle Apple

    Samsung unveils sleek new Galaxy phones to battle Apple

    South Korea’s Samsung Electronics Co. Ltd unveiled its latest Galaxy S smartphones, featuring a slim body made from aircraft-grade metal, in a bid to reclaim the throne of undisputed global smartphone leader from Apple Inc. Designed from scratch...

  • GSK and Novartis complete deals to reshape both drug companies

    GlaxoSmithKline and Novartis said yesterday they had completed a series of asset swaps worth more than $20 billion that will reshape both drugmakers. GSK is forming a consumer health joint venture with Novartis, while at the same time buying the...

  • US stock prices extend rally as dollar reaches 11-year high

    US stock prices rose yesterday, with the Nasdaq composite touching the 5,000-point mark for the first time in 15 years, while the dollar hit an 11-year high on expectations the Federal Reserve might raise interest rates later this year. Wall...

  • Berkshire insurance ‘superstar’ could fill Buffett’s shoes

    Berkshire insurance ‘superstar’ could fill Buffett’s shoes

    Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate’s insurance businesses. Buffett, the billionaire chief executive officer and chairman...

  • MIA climbs 5.6% to €3.02

    MIA climbs 5.6% to €3.02

    During the first trading session of Malta Stock Exchange this week, four of the seven active equities closed in positive territory helping the MSE Share Index edge 0.5% higher to 3,464,825 points. Malta International Airport plc was the top...

  • The pain of emigration

    The pain of emigration

    With millions of young people in Europe still unemployed, the phenomenon of emigration has returned in many countries. Some people emigrate in an attempt to change their lifestyle and explore new exciting work opportunities abroad. For others it...

  • This time round, feud between Russia and Ukraine just hot air

    This time round, feud between Russia and Ukraine just hot air

    The rhetoric is as melodramatic as ever, but this time around Russia’s threat to cut off Ukraine’s natural gas is mostly hot air. After months in which Kiev has been faithfully paying for gas and Moscow reliably supplying it under a deal brokered...

  • Libya needs international maritime force to help stop illicit oil, weapons – UN experts

    Libyan authorities are unable to halt the illicit trade in oil or the flow of weapons in and out of the country, and they need an international maritime force to help, United Nations sanctions monitors said in a new report. The confidential report...

  • ­­­Shipping movements

    The Berhard Sibum from Trapani to Gioia Tauro, the Sirius from Mersin to Mersin, the Otterhound from Durres to Catania, the Nicola from Sfax, the CMA CGM Magellan from Le Havre to Khor al Fakkan, the CMA CGM Ivanhoe from Fos-sur-Mer to Suez (all...

  • Payment collection period: 83.5 days

    Payment collection period: 83.5 days

    The average time it takes to collect payment in Malta has dropped to 83.5 days, according to the Malta Association of Credit Management (MACM) This is an improvement of 7.43 days compared to last year’s figure of 90.93 days. However, the figure is...

  • HSBC profit drop drags MSE lower

    HSBC profit drop drags MSE lower

    The Malta Stock Exchange (MSE) index fell 0.33 per cent last week, mainly due to selling pressure on HSBC Bank Malta plc shares after disappointing year-end results published last Monday. Meanwhile, Malta International Airport plc (MIA) shares...

  • German jobless at a two-decade low

    German unemployment fell to its lowest level in over two decades in February, data from the German Labour Office showed last week. The number of people out of work in Europe’s largest economy fell by 20,000 on a seasonally-adjusted basis to 2.812...