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  • Greece says to stand up to IMF on demands for labour reform

    Greece says to stand up to IMF on demands for labour reform

    Greece will tell its creditors it cannot comply with labour reforms demanded by the International Monetary Fund as a condition of its support for the country’s third bailout, its labour minister told Reuters in an interview yesterday. Greece’s...

  • US yield curve steepest in two months

    Treasury yield curve hit its steepest in more than two months yesterday, while stock markets around the world inched higher as Apple shares gained. Deepening worries over the ability of the world’s major central banks to stimulate growth have...

  • Shipping movements

    These ships are expected in Malta: The CMA CGM Ivanhoe from Djibouti to Valencia, the BFP Galaxy from Varna to Tunis (both CMA CGM Malta Agency Ltd), the Seago Antwerp from Antwerp to Piraeus (Thomas Smith Shipping Ltd) and the MV Eurocargo Napoli...

  • Share index closes marginally lower

    The share index shed a further 0.06 per cent today to 4,419.615 points as the declines in the share prices of MIA and Farsons outweighed the 2.7 per cent rebound in MPC. Most of today’s trading activity took place in the equity of Simonds Farsons...

  • Bayer clinches Monsanto with improved $66 billion deal

    Bayer clinches Monsanto with improved $66 billion deal

    German drugs and crop chemicals company Bayer has won over US seeds firm Monsanto with an improved takeover offer of around $66 billion, ending months of wrangling after increasing its bid for a third time. The $128 a share deal, up from Bayer's...

  • UK jobs market showing ‘cracks in the ice’ after Brexit vote – survey

    UK jobs market showing ‘cracks in the ice’ after Brexit vote – survey

    Lower hiring by British companies in financial and business services, construction and utilities could be “cracks in the ice” of the country’s labour market, a survey of employers showed yesterday, two-and-a-half months after the Brexit...

  • Hanjin Shipping secures $45m, but more may take ‘considerable time’

    Hanjin Shipping secures $45m, but  more may take ‘considerable time’

    The chairman of Hanjin Group transferred 40 billion won to Hanjin Shipping yesterday to help unload cargo stranded on the troubled shipper’s vessels, a spokesman said, but regulators warned securing further funds could take “considerable...

  • Global stocks and energy shares fall as oil prices drop

    World stock markets and energy prices fell yesterday after both energy producers and consumers predicted an oil glut was likely to persist well into next year. The International Energy Agency said a sharp slowdown in global oil demand growth,...

  • Record sales for IKEA Group as online investment pays off

    Record sales for IKEA Group as online investment pays off

    Ikea Group reported record annual sales yesterday, including a 30 per cent leap in online revenues after the Swedish budget furniture retailer belatedly embraced e-commerce. For years, Ikea has relied on shoppers to travel to its huge out-of-town...

  • Monsanto close to agreeing $65 billion sale to Bayer - sources

    Monsanto close to agreeing $65 billion sale to Bayer - sources

    Monsanto's board is set to meet today to decide whether to approve a sale to Germany's Bayer for more than $65 billion after concluding more than four months of negotiations, people familiar with the matter said. The deal is expected to value...

  • Share index halts two-day positive streak

    After trending higher during the past two trading sessions, the share index dropped 0.16 per cent today to 4,422.418 points mainly reflecting the declines in the share prices of HSBC, BOV and GO which together outweighed the rebound in IHI. The...

  • Samsung scion to take board role amid Note 7 shock recall

    Samsung scion to take board role amid Note 7 shock recall

    The Samsung Group’s de facto leader and heir apparent is poised to join the board of crown jewel Samsung Electronics Co. Ltd, a step towards formalising his role as head of the conglomerate as it reels from a massive smartphone recall. The world’s...

  • Money market report for the week ended September 9

    On Monday, September 5, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, September 6, and attracted bids from euro area eligible counterparties of €41.78 billion, €2 billion...

  • Reinsurance companies predict premium respite at Monaco meeting

    Reinsurance companies predict premium respite at Monaco meeting

    Global reinsurance firms gathered in Monaco are hopeful premiums will stabilise in the coming year, although they expect competition to remain tough and returns low. The $600 billion reinsurance industry, which backstops insurers to help them pay...

  • Swiss Re expects prices to stabilise as it plans to adopt new technology

    Swiss Re, the world’s second-biggest reinsurance group, said yesterday it expected price levels to stabilise and price erosion in natural catastrophe business to slow. “The second quarter of this year was a reminder that natural catastrophes can...

  • UK must speed up infrastructure plans to cope with Brexit hit – BCC

    UK must speed up infrastructure plans to cope with Brexit hit – BCC

    Britain’s government needs to speed up its decision-making on big infrastructure projects to help the country’s economy withstand a slowdown caused by the Brexit vote, a leading employers’ group said yesterday. The British Chamber of Commerce cut...

  • Sell-off gathers pace as fears over boost pullback deepen

    European stocks and bonds fell in a volatile market yesterday, hit by growing concerns that global central banks’ commitment to the post-crisis orthodoxy of super-low interest rates and asset purchase programmes may be waning. German Bund yields...

  • Dealing with the shadow economy

    Dealing with the shadow economy

    The shadow economy almost by definition defies measurement. As unofficial economic activities that create value are so widespread and varied, most economist would shy away from estimating the size of a country’s shadow economy. Equally evident is...

  • ­­­Shipping movements

    These ships are expected in Malta: The AS Cypria from Aliaga to Tanger Med, the HH East from Algiers, the Black Sea from Varna to Haydarpasa, the CMA CGM Cassiopea from Fos-sur-Mer to Damietta (all CMA CGM Malta Agency Ltd), the MV Eurocargo...

  • Britain faces long road to post-Brexit trade deals

    Britain faces long road to post-Brexit trade deals

    Prime Minister Theresa May wants to make Britain a global leader in trade after Brexit, but former negotiators say the country faces a long slog despite warm words from some world leaders over forging new relationships. With other countries...