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  • UK supermarkets face possible probe over pricing practices

    UK supermarkets face possible probe over pricing practices

    Britain’s embattled supermarkets face a possible probe by competition regulators after UK consumer watchdog Which? demanded an investigation into grocers’ pricing practices. Which? said yesterday it had made a “super-complaint” to the Competition...

  • Earnings lift stocks but Greek anxiety hits euro

    Global stock markets rose yesterday, helped by upbeat European earnings and US earnings that were not as bad as feared, but the euro fell on worries about possible Greek loan defaults. Wall Street opened higher and European trading was strong,...

  • Sky sees potential for further price rises as loyalty remains strong

    Sky sees potential for further price rises as loyalty remains strong

    Pay-TV group Sky believes its customers will accept higher prices, it said yesterday after reporting a 20 per cent jump in nine-month profits, sending its shares to a 14-year high. Sky, which formed from the combination of Britain’s BSkyB, Sky...

  • HSBC, GO lift share index into positive territory

    Following the negative start to this week, the share index rebounded during this morning’s session with a 0.1 per cent uplift to 3,744.360 points on the back of increases in the share prices of HSBC and GO. The equity of HSBC reversed yesterday’s...

  • Planning for retirement: a long term process

    Fixed Income and Equity assets have had a remarkable run over recent months, with bond yields (sovereign and corporate, investment grade and high yield) at record lows and (most) Equity Indices trading at record highs (or perhaps slightly off...

  • Talks with Greece have gained momentum but still long way from target – IMF

    Talks with Greece have gained momentum but still long way from target – IMF

    Global lenders’ negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund’s European head told a German newspaper. Athens has been...

  • Irish budget deficit fell to 4.1% at end-2014

    Ireland’s budget deficit fell to 4.1 per cent of gross domestic product at the end of 2014, well under an EU-set target of 5.1 per cent as it moves towards cutting it below 3 per cent by the end of this year. The deficit fell from 5.8 per cent at...

  • Money market report for the week ended April 17

    On Wednesday, April 15, the Governing Council of the European Central Bank decided that the interest rates on the main refinancing operations (MRO), on the marginal lending facility and on the deposit facility will remain unchanged at 0.05 per...

  • Chinese President launching an economic link in Pakistan

    Chinese President launching an economic link in Pakistan

    Chinese President Xi Jinping arrived in Pakistan yesterday to launch $46 billion in projects linking the allies, a figure that would far exceed US spending in Pakistan and underscores China’s economic ambitions in Asia and beyond. The...

  • The renminbi reaches the boardroom as usage climbs

    The renminbi (RMB) has become a topic of debate in more than a fifth (22 per cent) of company boardrooms around the world, just five years after China began to liberalise its currency, a survey from HSBC Commercial Banking shows. Outside Greater...

  • Global shares gain on China stimulus as dollar rises

    Global equity markets snapped back yesterday from a worldwide decline the previous session on China’s steps to stimulate its economy and solid corporate earnings, while the euro weakened amid worries that Greece may default. European stocks...

  • Lloyds says it would support Conservatives’ share sale plan

    Lloyds says it would support Conservatives’ share sale plan

    Lloyds Banking Group said it would support plans by Britain’s Conservative Party to sell some of the government’s remaining 22 per cent stake in the bank to retail investors. Finance Minister George Osborne said on Sunday he intended to sell...

  • Online addicts may engage in cyberstalking

    Online addicts may engage in cyberstalking

    Cyberstalking behaviour can be linked to people suffering an online addiction, who increasingly lose touch with the real world because they are tapped into social networks and websites, experts warned. People spending a lot of time on their...

  • Investing in high dividend paying US stocks

    To attain a decent yield on a bond with an attractive risk/reward ratio is becoming a difficult task for investors. Yields on German Bunds continued to decline over the years to all-time lows due to loose monetary policy aimed at kick starting a...

  • Europe’s economic show of horrors

    Europe’s economic show of horrors

    I never cease to marvel how people get used to living in a state of economic turbulence and give little thought to the possible distress that could affect them if their political leaders failed to stir their countries out of troubled waters. The...

  • London stakes its claim as global bitcoin hub

    London stakes its claim as global bitcoin hub

    London, centre of the $5-trillion-a-day global currency market, now wants to be home to a controversial upstart – bitcoin. British authorities have come out in support of digital currencies in the name of promoting financial innovation, while...

  • ­­­Shipping movements

    The following ships are expected in Malta: The HH East from El Khoms to El Khoms, the Elbdeich from Skikda to Skikda, the Sena Kalkavan from Varna to Avcilar, the CMA CGM Orfeo from Fos-sur-Mer to Damietta, the CMA CGM Corte Real from Le Havre to...

  • Local quantitative easing picking up

    Local quantitative easing picking up

    The take-up of quantitative easing in Malta reached around 55 per cent of what was needed, after a surge in the past 10 days – but Central Bank Governor Josef Bonnici urged banks to negotiate on the sale of the government paper they hold to...

  • Mepa permits for homes recover slightly

    The number of permits for homes issued by Mepa went up by 8.6 per cent in 2014 – to 2,937 from 2,705 a year before – but still well below the peak of 11,343 seen in 2007, according to the Central Bank of Malta’s Annual Report. The number of...

  • Set the difficulty level to high

    You know how it is. You spend the best part of a year planning your holiday in all its minutest, what-is-the-tipping-etiquette detail, daily tweaking the itinerary with currency-conversion precision. And then when you get there, you’re so out of...