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  • Stocks, bonds fall after US jobs report muddles Fed outlook

    Global stocks and bond prices fell after a key US jobs report painted a mixed picture of the US labour market and left investors with a muddled view on rate hike prospects. The dollar rose, rebounding after two days of losses that forced the...

  • EU proposals for the UK ‘must not’ distort banking rules

    EU proposals for the UK ‘must not’ distort banking rules

    If different banking rules were introduced in countries inside and outside the eurozone, it must be done in an integrated way to avoid distorting competition, the European Union’s banking watchdog said yesterday. EU president Donald Tusk has...

  • Daily currency report

    The euro’s strong start to the year has given UK exporters and importers in Europe a very positive market opportunity after a dismal 2015. One euro currently buys around 76 pence. Exactly two months ago one euro bought 71 pence – a near seven per...

  • MIA advances to a new all-time high

    The share index advanced up by just 0.03 per cent to 4,468.719 points as the positive performance of three equities slightly outweighed the declines in another three shares. In particular, MIA topped yesterday’s record price as it reached another...

  • Financial reform and real change

    Last week there was the meeting in Malta organised by the Centesimus Annus Pro Pontifice Foundation on financial reform and the common good. It was a meeting that sought to examine the progress being made in the financial sector following the...

  • Shell ready for more cost cuts as earnings fall 87%

    Shell ready for more cost cuts as earnings fall 87%

    Royal Dutch Shell, Europe’s largest oil company, reported its lowest annual income in over a decade yesterday and said it would take further steps to cut costs to cope with weak oil prices if needed. Shell, whose shareholders last week approved...

  • Credit Suisse posts first loss since 2008

    Credit Suisse reported its first full-year loss since 2008 after booking a big impairment charge at its investment banking business, sending its share price tumbling and piling pressure on new chief executive Tidjane Thiam. Shares fell more than...

  • Why the sharing-economy is winning

    The sharing economy that has already revolutionised the taxi and accommodation industries, has led to start-ups with extraordinary valuations. It has also led to strikes, riots, new legislation and criminal trials. All of this is happening because...

  • Weaker dollar gives boost to commodities and lifts equities

    Global equity markets rose yesterday as diminished expectations of US interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of commodities. The dollar fell for a fourth day on the latest batch of soft US data,...

  • BOE firm on rates

    The Bank of England cut growth forecasts yesterday and the lone advocate of a rate hike reversed his position, suggesting rates were on hold for an extended period even as its governor said the next move was still likely to be up. Echoing downbeat...

  • Volumes surge to 7-week high

    Following the declines of the past two days, the share index advanced by 0.05 per cent to 4,467.514 points today on high trading volumes. In fact, the total value traded amounted to just over €0.8 million – the highest level since...

  • As January goes, so does the year?

    As January goes, so does the year?

    “As January goes, so does the year?” is a conventional saying that equity market returns in January are a precursor of the performance over the next 11 months. This is commonly referred to as the ‘January stockmarket barometer’. Statistical...

  • China seeks food security with $43bn bid for Syngenta

    China made its boldest overseas takeover move when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta yesterday, aiming to improve domestic food production. The largest-ever foreign purchase by a Chinese...

  • Food and sustainability challenges need a new model

    Food and sustainability challenges need a new model

    Transforming the world’s food systems through country-led action partnerships will be key to sustainably feeding over nine billion people by 2050, according to a new report from the World Economic Forum and Deloitte Touche Tohmatsu Ltd (Deloitte...

  • Oil posts strong rebound as the dollar falls

    US and European stocks came off their lows on Wednesday, helped by rebounding oil prices, while a soft report on the US services sector weighed on the dollar by making future rate hikes appear less likely. The US dollar hit its lowest level...

  • GM posts record profit in 2015, driven by North American sales

    GM posts record profit in 2015, driven by North American sales

    General Motors Co. rode sales of SUVs and pick-up trucks in North America to a record profit in 2015 and reaffirmed its forecast to do better this year despite signs that vehicle sales are hitting a peak. GM, the biggest US automaker and number...

  • Shipping movements

    The following ships are expected in Malta: The Alexander Sibum from Sfax to Algiers, the Elbella from Antalya to Mersin, the Aman to Sousse, the CMA CGM Matisse from Kingston to Livorno, the CMA CGM Callisto from Port Klang to Valencia, (all CMA...

  • Holiday rights when shift plan changes

    At EU level, the Organisation of Working Time Directive guarantees the right of every worker to receive annual paid leave. Part-time workers are required to be treated in a comparable way to full-timers, and to have adequate rest periods. They are...

  • BP reports worst annual losses in two decades

    BP reports worst annual losses in two decades

    BP slumped to its worst annual loss in over 20 years in 2015, the British oil and gas company announced yesterday, and said it would cut thousands more jobs in the face of a deep rout in oil prices. The company, which is still grappling with the...

  • GSK and J&J backing $1bn biotech spin-off from Index Ventures

    Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion business, with backing from drug giants GlaxoSmith-Kline and Johnson & Johnson. The new Medicxi Ventures...