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  • UK to join China-backed Asian development bank

    Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank (AIIB), making it the first Western nation to embrace the China-backed institution, but the US reacted frostily to the development. The AIIB was...

  • Local equities continue to rally

    The Malta Stock Exchange index extended last week’s gain by a further 3.09 per cent, ending the week at 3,641.731 points as turnover amounted to just under €2 million. Investors showed bullish sentiment towards the local equity market as 11 out of...

  • The dollar gallops to fresh highs as stocks and oil fall

    The dollar continued to power higher yesterday, pressuring stocks and commodities, on expectations of a Federal Reserve interest rate hike that stand in contrast to easing monetary policy actions by most other major central banks. The dollar index...

  • Tsipras says Greece is doing its part in deal with eurozone

    Tsipras says Greece is doing its part in deal with eurozone

    Greece’s problems are eurozone’s problems and the single currency area should send Greece a message of solidarity as Athens stands ready to deliver on promises to reform in exchange for more loans, Greek Prime Minister Alexis Tsipras said. “Greece...

  • Daily currency report

    A little fatigue caught up with the speedy US dollar, pulling it below its strongest level in a dozen years versus the euro and a currency basket. The dollar’s upswing kicked into a higher gear this week after the European Central Bank implemented...

  • Plaza gains 2.3%, FIMBank sheds 6.4%

    The share index closed the second week of the month in positive territory, gaining 0.5 per cent to 3,641.731 points. Seven of the 13 equities closed higher, with Plaza Centres leading the pack of risers with a gain of 2.3 per cent on a ticket of...

  • The ECB is knocking at banks’ comfort zone

    The ECB is knocking at banks’ comfort zone

    The first week of the European Central Bank’s bond buying programme, dubbed expanded asset purchase programme but more often referred to as Quantitative Easing (QE) appears set to close its debuting week on a strong note. In fact, the market...

  • Making the workplace a potential learning zone

    In a recent blog post on the Malta Today website, Education Minister Evarist Bartolo wrote about the need of making Malta a learning nation. He wrote about the policy to make lifelong learning an ongoing process and highlighted the importance of...

  • Ireland to complete early repayment of IMF loans

    Ireland to complete early repayment of IMF loans

    Ireland’s government has instructed the country’s debt agency to complete the early repayment of loans borrowed from the International Monetary Fund (IMF), Finance Minister Michael Noonan said yesterday. Dublin has been replacing more than €18...

  • Irish economy grew by 4.8% in 2014, likely best in EU

    Ireland’s economy grew by 4.8 per cent last year, likely the fastest rate in the European Union, after eking out growth of 0.2 per cent on a quarterly basis in the final three months of the year. After exiting an international bailout at the end...

  • ECB ups emergency funding cap for Greek banks by €600m

    The European Central Bank’s Governing Council agreed to raise the cap on emergency liquidity assistance (ELA) that Greek banks can draw from the Greek central bank by about €600 million, a banking source told Reuters yesterday. The increase takes...

  • Spain’s Sabadell approaches TSB about $2.6bn bid

    Spain’s Sabadell approaches TSB about $2.6bn bid

    British challenger bank TSB has received a takeover approach from Banco Sabadell, valuing the business at about $2.6 billion and said it would be willing to recommend the offer to shareholders. TSB said Sabadell has made a proposal of 340 pence in...

  • British trade deficit narrows sharply

    British trade deficit narrows sharply

    Britain’s overall trade deficit narrowed to its smallest since mid-2013 in January, helped by a surge in exports of services and the plunge in oil prices, official data showed yesterday. The Office for National Statistics said the total deficit...

  • Lufthansa says cannot ease up on cost-cutting

    Lufthansa says cannot ease up on cost-cutting

    Tough competition from rivals in Europe and elsewhere means Lufthansa cannot let up on cost-cutting, the German airline said, even though it faces more strikes from pilots over such measures. It said its core German airlines unit comprising the...

  • Shell boss gets $25.7m payout

    Royal Dutch Shell chief executive Ben van Beurden’s total compensation for 2014 will be €24.2 million, including €5.6 million in salary, bonus and shares plus pension and other items, the company said yesterday. Shell spokeswoman Sally Donaldson...

  • Equities rise as dollar off recent peaks

    Stocks in major markets rose yesterday as the dollar softened the most in a month against major currencies after surprisingly weak US data. The US currency retraced gains after earlier hitting a 12-year high versus the euro, pressured by a...

  • Company briefs

    Company briefs

    Adidas has thanked Eurosport for an outstanding 20 years of partnership and praised the company for the major refurbishment of its new concept store in Baystreet. “Michele Peresso Ltd has done an excellent job as our partner for the Maltese...

  • Various equities trade at new highs

    The share index extended its positive trend with a further 0.2 per cent increase to 3,622.359 points as various equities continued to reach new highs. Most notably, the equity of Malta International Airport gained a further 1.6 per cent to reach...

  • Saint-Gobain, Investing in a European recovery

    The sector whose performance mostly mirrors the state of an economy is the construction sector. Investing in direct property typically requires confidence in future income and access to bank credit. These two factors are highly correlated to the...

  • Schemes extended to commercial electric vehicles

    Schemes extended to commercial electric vehicles

    Transport Malta is anticipating a good response to its grant scheme for the purchase of electric vehicles by commercial companies. The first grants were issued last year for non-commercial electric vehicles, giving €5,000 if the driver scrapped a...

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