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  • Italian bank Monte dei Paschi to name new boss in coming days

    Italian bank Monte dei Paschi to name new boss in coming days

    Italian bank Monte dei Paschi plans to hire a new chief executive in the next few days to lead a €5 billion capital raising needed to stave off the risk of the world’s oldest lender being wound down. The bank could hold a board meeting to name a...

  • EU risks trade impotency as critics target Canada deal

    EU risks trade impotency as critics target Canada deal

    A deal that would allow Canada to sell maple syrup duty free in the EU and Europeans to ship more cheese to Canadian shops has become the focus of a battle with anti-globalisation groups that is key to the future of Europe’s free trade...

  • GO shares register increase for sixth consecutive week

    The Malta Stock Exchange index added on to the previous week’s decline having slipped by 0.81 per cent, closing at 4,426.375 points. Activity was spread across 11 equities of which five fell, three closed unchanged and another three gained ground.

  • Stocks slide on German data and N. Korea jitters

    Stocks across the globe fell the most since June yesterday, weighed by German trade figures that cast doubt on the strength of the eurozone’s largest economy and by investor concern after North Korea conducted its fifth and most powerful nuclear...

  • Eurozone ministers expecting Spain and Portugal to cut deficits

    Spain and Portugal must still tackle their excessive budget gaps even though they escaped being fined in July for breaking EU deficit limits, eurozone finance ministers said yesterday. “I expect a very brief discussion and especially effective...

  • Daily currency report

    Euro ECB president Mario Draghi disappointed pundits on Thursday as he decided not to implement any further stimulus measures but, more importantly, failed to give any forward guidance on what the bank could potentially do next if economic...

  • RS2, Medserv rebound

    In contrast to this week’s previous trading session, the share index trended in positive territory during the final session of this shortened week. The local equity benchmark gained 0.8 per cent to 4,426.375 points on the back of increases in the...

  • Markets deluded by Draghi’s decision

    Over the past weeks market participants in Europe were expecting further stimulus by the European Central Bank (ECB). In the build-up to the meeting European indices which over the past days registered remarkable gains. The expectations came about...

  • The fallout from Apple

    Last week’s decision by the European Commission to ask Ireland to demand the payment of €13 billion from Apple Inc. for unpaid taxes was the subject of conversation also here in Malta. Many persons operating in the financial services sector...

  • ECB’s Draghi says looking at options to drive QE forward

    ECB’s Draghi says looking at options to drive QE forward

    European Central Bank president Mario Draghi said yesterday the bank was looking at options to ensure it could pursue its unprecedented money-printing programme, with eurozone inflation still way below its official target. However, the bank...

  • Apple unveils iPhone 7

    Apple unveils iPhone 7

    Apple Inc. unveiled an iPhone 7 with high-resolution cameras and no headphone jack at its annual launch event on Wednesday, though the biggest surprise was the debut of a three-decade-old Nintendo game franchise, Super Mario Bros, on the...

  • Mixed reactions to latest models

    The features of the iPhone 7 have split the technology industry, impressing some, but leaving others feeling underwhelmed. Geoff Blaber from analyst firm CCS Insight said that Apple had arguably exceeded expectations with the 7 and 7 Plus. “In the...

  • Stocks slip, euro gains as ECB holds line on stimulus

    A gauge of global equity markets fell modestly and the euro strengthened yesterday after the European Central Bank reaffirmed its commitment to run its bond-buying program as long as needed, but did not confirm a specific extension of the...

  • Sony launches two new versions of PlayStation 4

    Sony launches two new versions of PlayStation 4

    Sony Interactive Entertainment, a division of Sony Corp, has unveiled two new versions of its PlayStation 4 Console in an effort to help Sony maintain its sales lead over Microsoft Corp. and Nintendo Co. Ltd. The PlayStation 4 Pro, which will...

  • Over 60 speakers at EY national conference

    Jeremy Paxman, author, eminent broadcaster and journalist, former Dutch prime minister Jan Peter Balkenende and former Polish prime minister Jan Krzysztof Bielecki will be among 60 speakers at the The Future is Today conference hosted by EY on...

  • EU to spur fast broadband roll-out with telecoms deal

    EU to spur fast broadband roll-out with telecoms deal

    The European Union aims to spur the roll-out of fast broadband across the 28-nation bloc by relaxing rules that force telecom companies to open up their networks to competitors. Under planned reforms of the sector, national telecoms regulators...

  • UK factory output posts biggest drop in a year after Brexit vote

    British manufacturing output fell in July at the fastest pace in a year, confirming earlier signs that factories took an immediate hit after the vote to leave the European Union, official data showed yesterday. But overall industrial output...

  • Stocks near 13-month highs

    A gauge of global equity markets moved to a near 13-month high yesterday and US Treasury yields fell for a second straight session as expectations for a rate hike by the US Federal Reserve this year continued to fade. A weaker-than-expected August...

  • Shipping movements

    These ships are expected in Malta: The Black Sea to Haydarprasa, the Turnberry Kontor from Constanta to Skikda, the CMA CGM Manet from Algeciras to Livorno, the CMA CGM Rabelais from Valencia to Livorno, the CMA CGM Vela from Djibouti to Valencia...

  • Mixed reactions to development bank model

    Mixed reactions to  development bank model

    There were mixed reactions to the government’s announcement that a development bank would be set up which would be supervised but not regulated, with the Central Bank governor Mario Vella convinced that this will not mean a carte blanche but other...