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  • Plaza Centres up 19.7 per cent this week

    The share index continued to advance and edged a further 0.5 per cent  today to end the week up one per cent at 3,458.637 points. Seven of the eight active equities performed positively . The share price of Plaza Centres was again the best...

  • A 100 days of Juncker

    It has been a 100 days since Jean Claude Juncker assumed the role of president of the European Commission. At his address to the European Parliament, he spoke of a new start for Europe. Some of the quotes from that address include: “We have fallen...

  • Greece offers major concessions to win loan extension but Germany objects

    Greece offers major concessions to win loan extension but Germany objects

    Greece formally requested a six-month extension to its eurozone loan agreement yesterday, offering major concessions as it raced to avoid running out of cash within weeks, but immediately ran into strong objections from EU paymaster...

  • Barclays to cut bonus pool to below £2bn – Sky News

    Barclays to cut bonus pool to below £2bn – Sky News

    Barclays is set to reduce its bonus pot for 2014 to less than £2 billion, down at least 16 per cent from its controversial payout in the previous year, Sky News reported. Barclays, which has the largest investment bank of Britain’s lenders, will...

  • France tells EU it will act further on deficit if needed

    France tells EU it will act further on deficit if needed

    France is seeking to fend off the risk of being fined for its budget slippages by telling the European Commission it will take extra action if needed to meet its structural deficit target, a letter seen by Reuters shows. The European Commission is...

  • Stocks tread water on Greek uncertainty

    Stocks markets around the world clung to modest gains yesterday, with European equities retreating from seven-year highs, after Germany rejected a Greek proposal to extend its bailout and as oil prices dropped. Government borrowing costs fell...

  • Emirates brand value grows by 21% to $6.6bn

    Emirates brand value grows by 21% to $6.6bn

    Emirates has reached the top 200 of the world’s biggest brands for the first time, according to the 2015 Brand Finance Global 500 report released this week. Now ranked in 196th place, Emirates’ estimated brand value has grown more than 21 per...

  • ECB profits fall as it digests costs of new bank watchdog

    The European Central Bank reported a steep rise in costs yesterday, as it digested the expense of hiring hundreds of supervisors to watch the eurozone's banks. Laying out its annual accounts for 2014, the ECB said the jump in wages and costs and...

  • Investing in a 25-year MGS

    Investing in a 25-year MGS

    Last Friday, the Treasury announced details of the two new upcoming Malta Government Stock issues: (i) the 2% MGS 2020 (V) fungible issue and (ii) the 3% MGS 2040 (I). Pricing details will be announced this afternoon ahead of the offer period...

  • Greece to submit loan request to eurozone, Germany resists

    Greece to submit loan request to eurozone, Germany resists

    Greece will submit a request to the eurozone to extend a ‘loan agreement’ for up to six months but EU paymaster Germany says no such deal is on offer and Athens must stick to the terms of its existing international bailout. The move, confirmed by...

  • French economic reform effort must continue – Hollande

    French economic reform effort must continue – Hollande

    President François Hollande told ministers yesterday its planned economic reforms must be pursued, a day after the government resorted to a rarely used decree procedure to head off back-bench opposition to a set of de-regulation...

  • Japan Post’s global growth strategy is under way in mega deal

    Financial giant Japan Post Holdings Co. Ltd launched its global expansion strategy with its largest ever deal yesterday, agreeing a A$6.5 billion take­over of Australian freight and logistics firm Toll Holdings Ltd. The proposed cash acquisition...

  • Swiss prosecutor searches HSBC premises, opens criminal inquiry

    Swiss prosecutor searches HSBC premises, opens criminal inquiry

    Geneva’s public prosecutor searched the premises of HSBC Holdings PLC in Geneva yesterday and said it had opened a criminal inquiry into allegations of aggravated money laundering. “A search is currently underway in the premises of the bank, led...

  • US dips after Fed minutes; Europe up on Greece hope

    US stocks showed modest declines yesterday while the dollar pulled back from earlier gains in the wake of the release of minutes from the Federal Reserve's policy meeting last month. At the US central bank's latest meeting, policymakers expressed...

  • Shipping movements

    The following ships are expected in Malta: The Otterhound from Durres to Catania, the Satie fromTanger Med, the H H West (ex-Conwest) from Skikda to Skikda, the El Toro from Algiers to Bizerte, the CMA CGM Ivanhoe from Port Klang to Valencia (all...

  • GO touches new 4-month high

    GO touches new 4-month high

    During this morning’s trading session of the stock exchange, the share price of GO plc climbed to a fresh 4-month high of €2.70 before easing back to close at the €2.66 level which still represents a 0.4% increase over the previous closing price.

  • Collective redundancies revisited

    Council Directive 98/59/EC of 20 July 1998 regulates at European Union level the procedure to be adopted by companies intending to make collective redundancies of their employees by affording the latter minimum protection in the form of...

  • UK inflation falls to lowest since records began in 1989

    UK inflation falls to lowest since records began in 1989

    British consumer price inflation fell last month to its lowest level since records began in 1989, and it looks set to fall further still, easing a squeeze on consumers just as national elections approach. Official figures yesterday showed the...

  • EU patience frays as Greek PM refuses bailout ‘blackmail’

    EU patience frays as Greek PM refuses bailout ‘blackmail’

    A war of words between Greece and EU paymaster Germany escalated yesterday with Athens’ new leftist Prime Minister rejecting what he called “blackmail” to extend an international bailout and vowing to rush through laws to reverse labour...

  • Euro, stocks recover on hopes of Greek deal

    The euro rebounded yesterday and global equity markets recovered to trade near break-even on signs Greek banks will continue to get emergency funding despite a breakdown in debt talks between Athens and eurozone finance ministers. Stocks on Wall...