Advert

News

  • 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...

  • Panama Papers report alleges New Zealand prime place for rich to hide money

    Panama Papers report alleges New Zealand prime place for rich to hide money

    Wealthy Latin Americans are using secretive, tax-free New Zealand shelf companies and trusts to help channel funds around the world, according to a report yesterday based on leaks of the so-called Panama Papers. Pressure is mounting on Prime...

  • IMF urges Germany to step up public and private investment

    IMF urges Germany to step up public and private investment

    Germany should take advantage of record-low borrowing costs and hike public and private investment in infrastructure, a step that would also help reduce the country’s large current account surplus, the International Monetary Fund (IMF) said...

  • Money market report for the week ended May 6

    On Monday, May 2, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, May 3, and attracted bids from euro area eligible counterparties of €53.55 billion, €2.71 billion lower than...

  • ECB stimulus needs time to boost inflation – Constancio

    ECB stimulus needs time to boost inflation – Constancio

    The European Central Bank’s latest stimulus measures need time to boost inflation in the eurozone, the ECB’s vice president said yesterday, calling on governments to do their part to stimulate growth. Vitor Constancio’s comments supported a view...

  • Greek lawmakers pass painful reforms to attain fiscal targets

    Greek lawmakers pass painful reforms to attain fiscal targets

    Greek lawmakers yesterday passed a package of unpopular pension and tax reforms that the country’s leftist-led government hopes will persuade official creditors to unlock bailout cash. The approval came just hours before eurozone finance ministers...

  • Yen tumbles after Tokyo warning as oil prices fall

    The yen tumbled against the US dollar yesterday as Japan signalled it was ready to intervene in the currency market, while a drop in oil prices undercut stocks. US stock indexes were little changed, as the energy sector dragged. Europe’s broad...