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  • Money market report for the week ended April 4

    On Thursday, April 3, the Governing Council of the European Central Bank (ECB) decided to keep the interest rate on the main refinancing operations (MRO) unchanged at 0.25 per cent. Interest rates on the marginal lending facility and on the...

  • Stocks decline around globe

    Wall Street stocks fell one per cent yesterday, joining a broad retreat in global equities markets from a six-year high touched last week, while US Treasuries’ yields moved lower. The dollar fell against major currencies as comments from European...

  • US SEC forms squad to examine private equity and hedge funds

    The US Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, according to people familiar with the matter. The...

  • ECB to have QE primed in case needed – Mersch

    The European Central Bank is drawing up plans for large-scale asset purchases in case they are needed but there remains some way to go before that point, one of bank’s policymakers said yesterday. “The inflation and deflation risks are more or...

  • Daily currency report

    Economic data out of Germany has beat market forecast, with the news providing support for the euro. The euro is at near one-month lows against the dollar on reports that the European Central Bank is close to agreeing on a Quantitative Easing...

  • MSE Share Index retreats for third consecutive session

    The MSE Share Index retreated for the third consecutive session today with a further 0.1% drop back to 3,455.113 points as volumes dwindled to €49,858 – the lowest daily value since 20 February. The equity of GO plc continued to decline as the...

  • Whisky gets greener as distillers burn waste

    Scotch whisky distillers are burning their unwanted grain byproducts, wood chips and other types of biomass for a source of energy in remote areas of the Highlands, where gas links are scarce and fuel oil is pricey. The production of Scotch whisky...

  • G20 summits have ‘limited relevance’ for markets – ECB

    Regular meetings of the world’s leaders and central bankers have little short-term impact on financial markets, despite extensive media coverage, according to research published by the European Central Bank. ECB researchers looked at how the price...

  • Cement groups Lafarge, Holcim in $50bn merger talks

    The world’s two largest cement makers, France’s Lafarge and Switzerland’s Holcim, are in advanced talks to merge into a company with a stock market value of over $50 billion in what would be the industry’s biggest ever tie-up. The discussions,...

  • ­­­Shipping movements

    The following ships are expected in Malta this week: The Eemsdijk from Skikda to Algiers, the Partici from Valencia to Livorno, the Fas Dammam from Algiers to El Khoms (all Carmelo Caruana Co. Ltd), the Lana from Antwerp to Haifa, the Maersk...

  • Internet service improves – but latency still a problem

    The performance of broadband services in Malta has improved when compared to last year’s performance and is today better than the EU average in a number of key performance indicators, according to a report published by the European...

  • Document needed to advise retail investors

    The European Parliament and the Council have reached agreement on a mandatory Key Information Document to be supplied to retail consumers who wish to invest their savings. The proposed rules require the financial services industry to provide basic...

  • EY Malta revenue up 42%

    EY Malta has announced revenues of €11.4m for the calendar year ended December 31, 2013, an increase of 42 per cent over the previous year. Commenting on these results, Ronald Attard, EY’s managing partner in Malta, said: “This has been a very...

  • Fimbank purchases more shares in Indian company

    Fimbank’s wholly-owned subsidiary Fimfactors BV and Punjab National Bank have completed a share acquisition agreement, as a result of which the former acquired 60 million equity shares in India Factoring and Finance Solutions Private Ltd. This is...

  • New approach to business failure and insolvency

    A new policy approach on business insolvency procedures is being promoted by the European Commission. A new EU recommendation on insolvency proceedings has been adopted by the Commission with the main aim of giving honest entrepreneurs a second...

  • GasanMamo supports annual penalty shootout

    GasanMamo Insurance is once again supporting the Mosta Football Club Youth Nursery in its annual penalty shootout. The main aim behind the event, which will take place today at the Mosta Football Ground, is to raise funds for the nursery. All...

  • Vodafone Malta Foundation supports resource centre

    Vodafone Malta Foundation recently equipped the jacuzzi at the Helen Keller Resource Centre with a ceiling hoist, making it safer for students to access the bath and easier for the staff who assist the youngsters. The centre provides services for...

  • GasanMamo contest offers Eurovision trip

    To celebrate Firelight’s win at the Malta Eurovision Song contest, GasanMamo is giving Xarabank viewers the opportunity to win a trip for two to the Eurovision song contest that will be held in Denmark on May 8-10. Participants need to shoot an...

  • Jesmond Mizzi Financial Advisers sponsors Redcoats

    Jesmond Mizzi Financial Advisers has sponsored the Softball Gozo Cup. The sponsorship will cover the organisation of a tournament to be run by the Għajnsielem Redcoats, which is to be held annually in July. The first edition of this competition...

  • Deloitte donates to Hospice

    As part of its corporate social responsibility programme, Deloitte Malta recently donated €8,000 to Hospice Malta. The funds were generated through a number of initiatives organised by the firm’s Reaching Out Committee, including a ‘pay as you...