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  • Stocks fall on low US earnings and euro up v dollar

    Global stock indexes fell yesterday following disappointing earnings results and weaker-than-expected US durable goods orders, while the euro rose for a second day against the dollar. All three major US stock indexes were down around two per cent...

  • Various equities trade as bonds continue to rally

    The share index ended practically unchanged at 3,426.744 points today as the declines in the share prices of HSBC and International Hotel Investments offset the gains registered by six other equities. HSBC’s share price retreated by 0.5 per cent...

  • It's all Greek

    Now that the markets are slowly (or rather quite fast by the way credit and government bond yields have moved) digesting last Thursday’s news that the European Central Bank will be injecting up to €60 billion of monthly asset purchases,...

  • EU open to later Greek debt repayment, not forgiveness

    EU open to later Greek debt repayment, not forgiveness

    Europe showed a willingness yesterday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government’s demands for debt forgiveness. European Union leaders and policymakers responded to Greek anti-bailout...

  • Money market report for the week ended January 23

    On Thursday, January 22, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO), the marginal lending facility and the deposit facility will remain unchanged at 0.05 per...

  • German business morale rises for third straight month in January

    German business morale rose to its highest level in six months in January, climbing for a third consecutive month, a survey showed yesterday, in a sign that 2015 got off to a strong start for Europe’s largest economy. Ifo’s business climate index,...

  • Aer Lingus mulls €1.36bn takeover bid

    Aer Lingus mulls €1.36bn takeover bid

    Aer Lingus is considering an improved €1.36 billion takeover proposal from International Consolidated Airlines Group (IAG), the third attempt by the owner of British Airways to buy its Irish rival. Aer Lingus said yesterday the new proposal was...

  • Euro recovers, stocks up after Greek election

    The euro rebounded from two days of sharp losses yesterday, even as an anti-bailout party was victorious in Greek elections, while global stock indexes edged up on confidence in the European Central Banks's new money-printing program. The...

  • Further gains for equity and bond markets

    Further gains for equity and bond markets

    Following last week’s 1.9% rise, the MSE Share Index advanced by a further 0.3% to 3,426.717 points as seven of the eleven active equities closed in positive territory. MIDI plc led the pack of gainers, climbing by 9.5% to reclaim its €0.23 level...

  • The effect of quantitative easing on equities

    The effect of quantitative easing on equities

    Now that Mario Draghi announced quantitative easing (QE), investors want to know two things; the first being whether there is still upside in equity prices from these levels after the strong rebound and the second being what equities they should...

  • Europe’s failed immigration politics

    Europe’s failed immigration politics

    It is now just over two weeks since the famous Paris march to commemorate the death of 17 persons at the hands of terrorists. The popular disgust at these atrocious crimes was evident on the faces of over four million people who went out on the...

  • Harvard buys up water rights in drought-hit wine country

    Harvard buys up water rights in drought-hit wine country

    Harvard University has quietly become one of the biggest grape growers in California’s drought-stricken Paso Robles wine region, securing water well drilling permits to feed its vineyards days before lawmakers banned new pumping, according to...

  • S&P to pay $77 million to settle SEC charges

    Credit-rating agency Standard & Poor’s will pay $77 million and be barred for one year from rating certain commercial-backed mortgage securities, as part of a major settlement with US and state regulators over “fraudulent misconduct.” The case...

  • ­­­Shipping movements

    The following ships are expected in Malta: The MV Euroferry Malta from Salerno to Salerno, the MV Eurocargo Venezia from Genoa to Genoa (both Sullivan Maritime) and the Rio Charleston from Antwerp to Haifa (Thomas Smith Shipping Ltd) today. The...

  • PwC find family businesses growth plans ‘conservative’

    PwC find family businesses growth plans ‘conservative’

    Family businesses in Malta have grown less than the global average over the past year, but not significantly so. A survey carried out by PwC found that 57 per cent of Maltese companies had grown compared with 65 per cent in the global survey,...

  • Skills card White Paper soon out

    Skills card White Paper soon out

    A White Paper will be issued in March outlining the government’s proposals for a skills card for the construction industry. The proposal for the card originated from the Building Industry Consultative Council, which has been trying to find a way...

  • Counterfeits up 44%

    Counterfeits up 44%

    In the second half of 2014, a total of 507,000 counterfeit euro banknotes were withdrawn from circulation – 44 per cent up on the figure for the same period in 2013. The number of counterfeits, however, remains very low in comparison with the...

  • Azeri Ambassador: MOU ‘not detailed’

    Azeri Ambassador: MOU ‘not detailed’

    The memorandum of understanding signed in Baku by the Azerbaijani government and Maltese Prime Minister Joseph Muscat was not detailed but merely reflected the vision for future collaboration, Azeri Ambassador Vaqif Sadiqov said. “There are no...

  • Inbound Muse first to win TakeOff award

    Inbound Muse is the first start-up to benefit from the MCA TakeOff award, winning a seed fund of €19,968. The award is a joint initiative between the Malta Communications Authority and the University of Malta as a result of a collaboration...

  • Easier credit terms in Q4 of last year

    Easier credit terms in Q4 of last year

    Credit standards for all loan categories continued to ease in net terms in the fourth quarter of 2014, according to the January 2015 bank lending survey carried out by the European Central Bank. Euro area banks reported a net easing of credit...