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  • Stock indexes flat as fears on Portugal ease

    Major global equities markets steadied and the yen stabilised against the US dollar yesterday as worries about Portugal’s biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East. MSCI’s All-World...

  • BoE keeps rates low

    The Bank of England held interest rates at record lows on Thursday but the pace of Britain’s recovery looks likely to divide its policymakers soon over when to start weaning the economy off its support. The Bank’s Monetary Policy Committee (MPC)...

  • Emirates takes delivery of 50th A380 aircraft

    Emirates takes delivery of 50th A380 aircraft

    Emirates has received its 50th A380 aircraft, strengthening its position as the world’s largest international airline. This latest delivery takes Emirates’ all wide-body fleet to 224 aircraft, representing the world’s largest fleet of A380s, and...

  • OECD literacy test finds many confused

    Around one in seven students in the 13 OECD countries and economies that took part in the first OECD PISA international assessment of financial literacy are unable to make even simple decisions about everyday spending, and only one in ten can...

  • Daily currency report

    Initially, currency markets reacted to continued fallout from better than expected US non-farm payrolls data. The brighter picture of the US jobs market prompted economists to bring forward interest rate increases for the first time since the...

  • MSE share index regains 3,300 points level

    MSE share index regains 3,300 points level

    During the last session of this week, the MSE Share Index climbed 0.3 per cent to 3,302.525 points level on the back of increases in the share prices of Bank of Valletta plc and RS2 Software plc. BOV’s equity edged one per cent higher to recapture...

  • An analysis of EU membership

    The Today Public Policy Institute recently published a discussion paper, penned by Patrick Tabone, on Malta’s story in the European Union. The title of the discussion paper itself gives a clear message of the impact of the country’s membership of...

  • Russia sets new banking rules for state firms amid downturn

    Russia sets new banking rules for state firms amid downturn

    Russian state companies, the backbone of the economy, can only have accounts at banks with capital of no less than 10 billion roubles (£172.81 million) or at those with ties to the government, a senior finance ministry official said yesterday. The...

  • India’s IndiGo in talks with Airbus for $20.6 billion order – Bloomberg

    India’s IndiGo in talks with Airbus for $20.6 billion order – Bloomberg

    India’s private carrier IndiGo is in talks with Airbus Group to order 200 additional A320neo jets valued at about $20.6 billion, Bloomberg reported, citing people familiar with the plans. The deal may be announced as early as next week at the...

  • EU’s top court upholds €152m fine for Telefonica

    EU’s top court upholds €152m fine for Telefonica

    The European Union’s top court yesterday upheld a ruling that Spanish telecoms operator Telefonica must pay a €152 million fine imposed by the European Commission for the abuse of its dominant position in the Spanish broadband market. Telefonica...

  • Road to quantitative easing

    The ECB is eventually expected to embark on outright quantitative easing. HSBC Bank has set a number of signposts which could send the ECB down an alternative route. The eurozone is still a region struggling with too much debt, too little growth,...

  • Wall St sinks on Portugal woes

    US stocks fell yesterday, joining a European sell-off driven by troubles at Portugal’s biggest listed bank, while prices of US government debt rose and the Japanese yen climbed to a five-month high against the euro. Wall Street seemed to ignore...

  • Company briefs

      The HTC One (M8), described by the Wall Street Journal as the best Android phone ever, is now available from Go. Retailing at €649, the device is available to Go Limitless35 customers at €450, Limitless60 customers at €350 and Limitless99...

  • IHI drags MSE share index to 16-month low

    IHI drags MSE share index to 16-month low

    The equity of International Hotel Investments plc slumped 7.9 per cent during this morning’s session to a new 2014 low of 70c on very shallow volumes of 1,861 shares. The drop in IHI’s share price was the main reason for the 0.8 per cent decline...

  • Big changes ahead for local banks

    Big changes ahead for local banks

    It is all so quiet presently on Malta’s banking front. But it seems as if few people out there are fully aware of what is happening, or what is being done by the banks in what is undoubtedly a most important area, that which concerns their simple...

  • Emirates finalises $56bn Boeing order

    Dubai airline Emirates finalised a $56 billion order to buy 150 Boeing 777X jets yesterday, firming up a commitment made last year, just weeks after scrapping an order with rival planemaker Airbus. The deal includes purchase rights for an...

  • Stocks eyeing central banks

    A global stocks index was little changed yesterday ahead of key central bank news, while Brent fell as Libyan pumps came back online. Markets were looking ahead to a speech by European Central Bank President Mario Draghi. Alcoa Inc reported...

  • Tumas Investments taps the bond market again

    Tumas Investments taps the bond market again

    On June 25, Tumas Investments plc announced that it will be exercising its early redemption option and it will be redeeming the €25 million 6.25 per cent bonds on July 31, 2014. The company also announced that, subject to regulatory approval, it...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Agadir from el Khoms to Algiers, the Star Comet from Trapani to Taranto, the Oued Ziz from Skikda to Skikda, the CMG CGM Butterfly from Port Said to Genoa, the Vega Sigma from Annaba to...

  • MSE share index slides to 1-week low

    MSE share index slides to 1-week low

    Following the recent uplift in the MSE share index on the back of the rebound in Go plc’s share price, the local equity benchmark today slipped 0.7 per cent to a fresh one-week low of 3,319.242 points as the share prices of the two large banks...