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  • Shipping movements

    The following ships are expected in Malta: The Fas Dammam from Tunis to Bizerte, the Ecem Kalkavan from Civitavecchia to Catania, the CMA CGM Titus from Tanger Med to Suez, the Devon Strait from Algiers to Annaba, the Saint Roch from El Khoms to...

  • Trading activity dwindles to six-week low

    Trading activity dwindles to six-week low

    Trading activity during this morning’s session on the Malta Stock Exchange dwindled to a fresh six-week low as only €59,578 worth of shares changed hands. The MSE Share Index edged 0.2 per cent higher to 3,319.936 points as four of the seven...

  • Britain rejects London mayor’s ‘Boris Island’ airport proposal

    Britain rejects London mayor’s ‘Boris Island’ airport proposal

    A plan to build a major new airport to the east of London was rejected by a government-appointed commission yesterday, dealing a blow to its high-profile backer, the city’s mayor Boris Johnson. The Airports Commission said the idea of building a...

  • Boeing shares slip after first downgrade rating since 2009

    Boeing shares slip after first downgrade rating since 2009

    Boeing Co (BA.N) shares slipped 1.3 per cent yesterday after a pair of downgrades from highly ranked analysts, including one who cut the stock outlook to “underperform.” The underperform rating by The Buckingham Research Group, a New York-based...

  • EU helps Ukraine with Slovak gas link

    Slovakia opened a pipeline yesterday able to deliver natural gas from the EU to Ukraine, marking a major step in the bloc’s efforts to aid the country in its escalating dispute with Russia. Opening up so-called reverse gas flows eastward is part...

  • McDonald’s to boost China supplier audits

    McDonald’s Corp. will increase the number of audits it conducts of suppliers in China, the firm said esterday, after a food scandal in July dented China sales at the US fast food chain and rival Yum Brands Inc. In a statement e-mailed to Reuters...

  • Reforms to dominate Greek talks in Paris

    Reforms to dominate Greek talks in Paris

    Greece hopes to assuage concerns it is slipping up on reforms during talks with European and IMF inspectors in Paris this week, with debt relief talks unlikely to start until October, a senior Greek government official told Reuters. European...

  • Strengthening Europe’s borders

    It is indispensable for a single market economy to have strong external borders in order to safeguard itself from the influx of illicit goods, terrorism and organised crime. With such objectives in mind, the European Commission has recently...

  • Dollar jumps as euro slips to one-year low

    The dollar jumped to its highest this year against the yen yesterday, lifted by strong US economic data, while the euro slipped to a one-year low on speculation the European Central Bank will move towards looser monetary policy laterthis week. US...

  • Company briefs

    Company briefs

    Lorraine Balzan and her three-year-old daughter Nicole – who is currently fighting cancer – are the winners of the ‘Share your Sunshine competition, organised by Atlas Insurance. She won a €2,000 travel voucher to use towards the dream trip of her...

  • BOV share price at four-month high

    BOV share price at four-month high

    The MSE Share Index edged 0.5 per cent higher to 3,313.600 points today largely due to the 1.9 per cent uplift in the share price of Bank of Valletta plc to recapture the €2.20,1 level for the first time in four months. A total of 26,942 shares...

  • KPMG refuses to approve BES accounts, warns of further loss

    KPMG refuses to approve BES accounts, warns of further loss

    Auditor KPMG has refused to approve bailed-out Banco Espirito Santo’s first-half report and accounts, published yesterday, citing the bank’s failure to provide adequate information on its financial position and also warned of possible further...

  • Money market report for the week ended August 29

    On Monday, August 25, 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 €131.76 billion, €24.15 billion...

  • Budget surplus raises pressure on Germany

    Germany posted its biggest budget surplus since reunification in the first half of 2014, underscoring the strength of its finances at a time it faces growing pressure to loosen the fiscal reins and spend more to bolster growth in Europe. The...

  • Eurozone manufacturing growth slows

    Eurozone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed. Factories barely increased prices last month, and...

  • Ireland bucks the trend in eurozone’s stalled recovery

    Ireland bucks the trend in eurozone’s stalled recovery

    Ireland is significantly bucking the trend in the eurozone’s stalled recovery with evidence building from companies to consumers that the economy is set to grow faster than most on the continent this year and beyond. It’s not back to Celtic Tiger...

  • US inflation bonds back in vogue

    US inflation bonds back in vogue

    US investors are back in the hunt for inflation protection for the first time in two years as rising housing costs – particularly for rent – suggest inflation may finally be waking from its post-recession slumber. That is helping to drive cash...

  • Euro shares close near a recent peak

    European shares edged higher to close near a recent one-month peak yesterday, with merger and acquisition speculation about British broadcaster ITV helping media stocks and Novartis leading drugmakers. Novartis, up 4.3 per cent, was the top gainer...

  • Russia starts working on gas pipeline to China

    Russia starts working on gas pipeline to China

    President Vladimir Putin yesterday presided over the start of construction work on a pipeline which is planned to ship 38 billion cubic metres a year of Russian gas to China, ramping up from 2019. The 4,000km Gazprom ‘Power of Siberia’ pipeline is...

  • BOV and Lombard close higher

    BOV and Lombard close higher

    Bank of Valletta's share price traded within a narrow range today but ultimately ended the session 0.2 per cent higher at the €2.16 level across 22,000 shares. This month marks the end of the group’s financial year with the preliminary results...