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  • Presidents’ report sets out plan to strengthen EMU

    Presidents’ report sets out plan to strengthen EMU

    European Commission president Jean-Claude Juncker, together with the president of the Euro Summit, Donald Tusk, the president of the Eurogroup, Jeroen Dijsselbloem, the president of the European Central Bank, Mario Draghi, and the president of the...

  • Global stocks, dollar slip on Greece jitters

    Global equity markets and the dollar slipped yesterday as investors sought the safety of less risky assets as jitters increased over the likelihood of averting a Greek debt default. The dollar slid after hitting its highest in more than a week on...

  • Shipping movements

    The following ships are expected in Malta: The MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime), the MCA MGM Orfeo from Port Klang to Valencia (Carmelo Caruana Co. Ltd) and the MSC Altair from Port Said to Valencia (John Ripard & Son...

  • RS2 hits yet another all-time high

    RS2 hits yet another all-time high

    RS2 Software plc advanced by a further 2.6% to yet another record high of €1.95 on strong volumes of 74,000 shares at the MSE today. Today’s uplift represents the eight consecutive increase since the 2-for-1 share split became effective on 12 June...

  • Eurozone businesses in healthy mode

    Eurozone businesses in healthy mode

    A resurgence of activity in France helped eurozone businesses expand at their fastest rate in four years this month, the clearest sign yet that the European Central Bank’s stimulus is driving a solid recovery in the region. But loose monetary...

  • Accounting watchdog probes KPMG over BNY Mellon compliance

    Accounting watchdog probes KPMG over BNY Mellon compliance

    Britain’s accounting watchdog has opened an investigation into how accounting firm KPMG made sure that Bank of New York Mellon complied with rules on keeping customer money safe. The Financial Reporting Council said yesterday the investigation...

  • Travel time counts as working time

    In a Spanish reference for a preliminary ruling, the Court of Justice of the European Union (CJEU) was called to consider the issue of working and travelling time. The reference was made in the course of proceedings brought by the Spanish...

  • Dollar and US bond yields rise as data supports Fed move

    The US dollar and bond yields rose yesterday as prospects for a Federal Reserve interest rate hike this year improved, while optimism that a deal could still be at hand to stave off a Greek default boosted European shares and kept a floor under US...

  • In twist, scientists join tobacco firms to fight cancer

    In twist, scientists join tobacco firms to fight cancer

    Scientists who have devoted years developing medicines to cure disease are now working for tobacco companies to make e-cigarettes. Philip Morris International Inc has hired more than 400 scientists and technical staff at its research facility in...

  • GO & RS2 extend positive run

    GO & RS2 extend positive run

    The share price of GO plc closed in positive territory for the seventh consecutive session of the stock exchange today, with a further 1.5% increase to €3.399 across five deals totalling 20,300 shares. GO’s equity has jumped 6.2% over the last...

  • British business leaders plan campaign for EU exit

    British business leaders plan campaign for EU exit

    A group of British business leaders and entrepreneurs are preparing to launch a campaign for Britain to leave the European Union at a planned membership referendum, a major donor to the UK Independence Party said. British Prime Minister David...

  • Cabin crew give Lufthansa deadline to avoid strike

    German airline Lufthansa faces a June 30 deadline to make concessions to cabin crew over pay and pensions or suffer further strikes that would compound the effects of a costly dispute with its pilots. Lufthansa has been in protracted talks with...

  • Money market report for the week ended June 19

    On Monday, June 15, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €89.66 billion, €0.74 billion lower...

  • UK braces for political showdown over long-awaited airport decision

    UK braces for political showdown over long-awaited airport decision

    A decades-long battle to expand Britain’s overcrowded airports is set for a crunch decision in the coming weeks, as the world’s fifth-largest economy seeks to resolve a row that has bedevilled successive governments and risks choking economic...

  • Ferrero to buy Thorntons Plcfor €157 million

    Ferrero to buy Thorntons Plcfor €157 million

    Ferrero, the maker of Nutella spread, has offered to buy British chocolate company Thorntons Plc for €157 million, a rare acquisition by the Italian group. The deal, backed by the board of Thorntons, brings together two of Europe’s best-known...

  • Optimism over Greek deal boosts stocks, euro

    A new offer by Greece on a reform package to avoid a default on its debts raised hopes that a tangible deal with international creditors was still possible, lifting global stock indexes and the euro yesterday. Gold prices fell more than one per...

  • HSBC and IHI drag MSE share index lower

    HSBC and IHI drag MSE share index lower

    Following last week’s 1.4% uplift, the Malta Stock Exchange share index kicked-off the last full trading week of June in negative territory with a 0.1% drop back to 4,074.784 points largely reflecting the declines in the share prices of HSBC Bank...

  • Embedding quality in tourism strategy

    Embedding quality in tourism strategy

    The tourism season has started in earnest. Beaches are beginning to fill up with tourists, roads are seeing more rented cars, and it is becoming harder to stroll on the promenades where tourists usually congregate. It won’t come as a surprise if...

  • UK employers, economy turn sights on EU referendum risks

    UK employers, economy turn sights on EU referendum risks

    For Encocam, one of the world’s few manufacturers of crash test dummies, a British exit from the European Union looks like an accident that will probably be avoided. But if things turn out differently in the country’s planned EU referendum, it...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Janina from Tobruk to Sussex, the CMA CGM Jules Verne from Le Haver to Khor al Fakkan, the CMA CGM Fidelio from Fos-sur-Mer to Suez, the Karina from Algeciras to Tunis (all Carmelo Caruana Co. Ltd),...