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Business

  • Stocks fall, Bund yields go negative on Brexit fears

    Safe-haven German Bund yields fell below zero yesterday for the first time, and global equity markets slid for a fourth day running on rising worries about a potential British exit from the European Union. Polls and bookmakers’ odds showed a...

  • FIMBank reaches a new six-year high

    FIMBank reaches a new six-year high

    The MSE Share Index recovered some of yesterday’s losses and rebounded from its lowest level in five-months. The Index added 0.11 per cent today to 4,436.520 points. Trading activity was spread across ten equities with four share prices...

  • We’re living in uncertain times

    Investors have quite a few issues to contend with these days, and most of them are quite a tough nut to crack. Is the fresh wave of QE by the ECB going to have its intended outcome? When is economic activity in the Eurozone going to finally pick...

  • Money market report for the week ended June 10

    On Monday, June 6, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, June 7, and attracted bids from euro area eligible counterparties of €50.85 billion, €1.06 billion...

  • Verizon, AT&T set to make a final round of bids for Yahoo web assets

    Verizon, AT&T set to make a final round of bids for Yahoo web assets

    US telecommunications rivals Verizon Communications Inc and AT&T Inc are set to go through to the third and final round of bidding in the auction for Yahoo Inc’s core internet assets, according to people familiar with the matter. After holding a...

  • French court finds Total guilty over 2009 petrochemicals blast

    French court finds Total guilty over 2009 petrochemicals blast

    A petrochemical unit of French oil and gas company Total has been found guilty and fined €200,000 yesterday by a French court for a 2009 blast at its Carling plant that killed two and injured six. A former manager of the petrochemical plant at the...

  • Oil prices under pressure from rising economic concerns

    Oil prices under pressure from rising economic concerns

    Oil prices fell yesterday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies more expensive. The softening comes a week after...

  • Chinese and German leaders downplay tensions surrounding China market status

    Chinese and German leaders downplay tensions surrounding China market status

    China does not want a trade war with Europe, Premier Li Keqiang said yesterday at a news briefing with German Chancellor Angela Merkel, who called for more talks with Beijing on its market economy status under the World Trade Organisation. Tension...

  • Brexit fears drag on world stocks, while boosting yen

    Global stock markets eased while the yen firmed yesterday amid concerns Britain may be on the verge of leaving the European Union following a June 23 referendum on its membership, an outcome that could adversely impact the world economy. A vote to...

  • Microsoft agrees to buy LinkedIn for $26 billion

    Microsoft agrees to buy LinkedIn for $26 billion

    Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion (€23.2 billion)in its biggest-ever deal, combining the software giant's fast-growing cloud services business with an online network of 433 million professionals. The offer of $196 per...

  • BOV boss to lead Bankers' Association

    BOV boss to lead Bankers' Association

    Bank of Valletta's CEO has been elected chairman of the Malta Bankers' Association. Mario Mallia said that he looked forward to further enhancing the Association’s role and standing during his term as Chairman. He replaces HSBC's CEO Andrew Beane...

  • MSE Share Index drops to fresh 5-month low

    MSE Share Index drops to fresh 5-month low

    The MSE Share Index opened this week in negative territory as it slipped by 0.25% to a fresh five-month low of 4,431.749 points. Today’s decline in the local equity benchmark was largely due to the 2.9% drop in the share price of International...

  • European shares hit two-month low amid Brexit jitters

    European shares hit two-month low amid Brexit jitters

    European shares fell to their lowest level in more than two months today, hit by a sell-off in cyclical stocks and widespread unease in markets over a possible British exit from the European Union. The pan-European FTSEurofirst 300 index was down...

  • Sins of an investor

    Many investors are unable to generate positive returns in a portfolio because of wrong decisions taken at the wrong time. Below are 5 most common mistakes investors make when they manage their portfolios: Halo effect – A company with a good growth...

  • Mental health at the workplace

    Mental health at the workplace

    We occasionally hear about people who are made redundant falling into the black hole of depression that at times leads to suicide. The media may treat such incidents as a news item and public opinion soon gets used to paying little attention to...

  • ­­­Shipping movements

    These ships are expected in Malta: The CMA CGM Platon from Le Havre to Alexandria, the Vega Sigma from Bejaia, the BF Nilou from Bejaia, the Pacoba from Varna to Haydarpasa (all CMA CGM Malta Agency Ltd), MV Eurocargo Napoli from Salerno to...

  • ‘Malta is the gateway for Nike distribution in Africa’

    ‘Malta is the gateway for Nike distribution in Africa’

    Hudson Holdings CEO Alfie Borg speaks to Anthony Manduca about the company’s three decades of experience in branded fashion and sportswear, with retail operations and distribution in Europe and North Africa, as well as its Urban Jungle franchise...

  • Global appointments for EY’s Ronald Attard

    Global appointments for EY’s Ronald Attard

    EY global has appointed Ronald Attard as leader of Transaction Advisory Services in Central and South East Europe (CSE). CSE is a grouping of 21 countries, including a number of significant economies. In his role, Mr Attard will be a member of...

  • MSE index back in positive territory

    MSE index back in positive territory

    The Malta Stock Exchange (MSE) index snapped out of its four-week negative streak with a weekly gain of 0.22 per cent, having closed at 4,442.789 points. This positive performance was buoyed by gains in five equities, primarily International Hotel...

  • UK house prices continue to rise

    Figures published last week by Halifax showed a rise in the house price index of 9.2 per cent annually. Analysts had projected a 9.0 per cent rise. Compared to the previous month, the average UK property price increased by 0.6 per cent in May,...

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