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  • Eurozone growth estimate revised down to 0.5%

    Eurozone growth estimate revised down to 0.5%

    Eurozone gross domestic product (GDP) grew by 0.5 per cent in the first quarter, data from the European statistics agency Eurostat showed yesterday, in a downward revision from its initial estimate. Eurostat said that GDP growth was 0.5 per cent...

  • China signs tax avoidance pact

    China said it has signed a multi-lateral agreement to share tax information on multinational companies, paving the way for it to join the fight on global tax avoidance. China signed the country-by-country tax reporting agreement, along with...

  • Daily currency report

    Another upside Eurozone data surprise yesterday may help the Euro hold on to its seven per cent year-to-date gain against the pound and current levels around €1.26-€1.27. Data released yesterday showed the German economy expanded by 0.7 per cent...

  • Company briefs

    Company briefs

    Hili Company, the logistics division of Hili Ventures, has entered into a joint venture agreement with international energy logistics company Peterson to provide oil and gas logistics services across the Mediterranean and North Africa. Due to...

  • Looking at the labour market

    Looking at the labour market

    Last week’s contribution centred on the 2016 spring forecast published by the European Commission. The essence of what I wrote last week was that it is likely that within the eurozone, low inflation and low economic growth rates are likely to...

  • Crooks, terrorists, tax evaders: Can new shell company rule stop them?

    Crooks, terrorists, tax evaders: Can new shell company rule stop them?

    The US Treasury Department wants to go after money launderers, tax evaders and terrorists by cracking open the shell companies they use to hide cash flows, but critics say a new agency effort to identify them could be easily evaded. Treasury last...

  • ECB asks eurozone banks to detail British exit plans

    ECB asks eurozone banks to detail British exit plans

    The European Central Bank has asked large eurozone banks to detail how they are preparing for a British exit from the EU, including how they would deal with the shock to markets and any changes they would have to make to their business models. The...

  • Wall St pulls back as Apple drags and yen weakens

    The yen lost ground against the US dollar yesterday amid speculation Japan could expand its monetary stimulus soon, while a drop in Apple shares weighed down Wall Street. US oil prices slid, after earlier hitting six-month highs, on signs of...

  • Fimbank climbs to a six-year high

    Fimbank climbs to a six-year high

    The MSE Share Index this morning extended yesterday’s gains by a further 0.28% to 4,562.053 points as the gains registered in three equities outweighed the declines in another three shares. Trading activity advanced to just over €331,000 largely...

  • The ROE league table

    The ROE league table

    In last week’s article I shared my view that, apart from dividend returns, investors should also take into account the return on equity (ROE) when considering which companies to invest in. Following the end of the 2015 annual reporting season, the...

  • Toyota forecasts end of record annual profits

    Toyota Motor Corp forecast a bigger-than-expected 35 per cent tumble in net profit for the current year due to the sharp appreciation of the yen, ending three straight years of record profits. The Japanese automaker said yesterday profit for the...

  • MIA signs ICT partnership

    MIA signs ICT partnership

    Malta International Airport has entered into a strategic partnership with global air transport IT specialist, SITA, to take over the airport’s day-to-day ICT operations. The partnership will enter into effect on July 1 and will allow Malta...

  • World stocks retreat while dollar falls

    US and European stocks stumbled yesterday after big gains a day earlier amid disappointing corporate earnings, while the US dollar was set to snap a six-session rally. Oil prices surged for a second day as data showed US crude stockpiles fell...

  • Shipping movements

    These ships are expected in Malta: The AS Castor from Ancona to Rijeka, the DP Ability (ex-Hansa Reliance) from Annaba to Bejaia, the Saint Roch from El Khoms to Misurata, the Pomerenia Sky from Algeciras to Livorno, the CMA CGM Medea from...

  • Positive sentiment in FIMBank persists

    Following the declines of the past two days, the share index rebounded by 0.28 per cent to 4,549.216 points as the gains registered in four equities outweighed the declines in HSBC and MPC. Another five shares were active today, all of which...

  • The legality of hyperlinking

    The legality of hyperlinking

    It is habitual for internet users to avail themselves of hyperlinks. Millions regularly post links all over the web: news publishers post links to primary source materials while search engines provide links to information scattered across an...

  • UK’s NIESR forecasts 20% slide in sterling if Britain leaves EU

    UK’s NIESR forecasts 20% slide in sterling if Britain leaves EU

    Sterling is likely to fall by a fifth in the immediate aftermath of a British vote to leave the EU on June 23, triggering intense inflation pressure, Britain’s National Institute of Economic and Social Research said yesterday. NIESR, an academic...

  • Say goodbye to Opec, Russia’s Sechin says

    Say goodbye to Opec, Russia’s Sechin says

    Internal differences are killing Opec and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel. Russia, which has been hit hard by...

  • Stocks and oil climb as yen retreats again

    World stock markets rallied yesterday as oil prices climbed and companies reported solid earnings, while the yen again retreated against the dollar. MSCI’s broad gauge of global stocks climbed 0.9 per cent, on pace for its best session in three...

  • MSE Share Index down on subdued trading activity

    MSE Share Index down on subdued trading activity

    The MSE Share Index this morning extended yesterday’s decline by a further 0.28% to 4,536.571 points on low turnover of nearly €162,000. 6pm Holdings plc was the worst performing equity today with a loss of 5.0% from its all-time high of GBP1.00...