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  • Wild week for equities set to end quietly

    A volatile ride for global markets this week looked set to end with a whimper yesterday as lingering worries over Chinese economic growth and the Federal Reserve’s plans to raise interest rates weighed on stocks, but oil rebounded sharply. US...

  • Swiss economy posts surprise growth, skirting recession in Q2

    Switzerland’s economy unexpectedly grew in the second quarter, skirting a recession as the country’s exporters weathered pressure from a strong franc better than some had expected. The economy grew by 0.2 per cent from the previous quarter, the...

  • Google rejects EU anti-trust charges of market power abuse

    Google rejects EU anti-trust charges of market power abuse

    Google Inc. has rejected EU anti-trust charges that it abused its market power, exposing the company to the risk of a hefty fine if it does not alter its business practices. The company’s comments came after the European Commission in April...

  • I say: it’s the markets. . .

    The dots in the title of this week’s contribution stand for the word “stupid”. In fact the title is borrowed from the now (in)famous saying “It’s the economy, stupid”, which in itself is a slight variation of the phrase “the economy, stupid” used...

  • Yuan ends firmer on suspected intervention as equities rally

    China’s yuan closed firmer against the dollar yesterday as traders cited large transactions by state-owned banks possibly on behalf of the central bank, which supported the Chinese currency in both spot and derivative markets. “Major state banks...

  • Ukraine has reached ‘win-win’ debt deal with creditor group

    Ukraine has reached ‘win-win’ debt deal with creditor group

    Ukraine’s finance minister said a “win-win” deal for restructuring $18 billion of debt had been agreed with a group of its largest creditors. The minister, Natalia Yaresko, said late on Wednesday in comments embargoed until yesterday that the deal...

  • Eurozone lending picks up in July but China risk looms

    Eurozone lending picks up in July but China risk looms

    Lending to eurozone households and firms accelerated slightly in July, European Central Bank data showed yesterday, in a sign that the bank’s aggressive asset-purchase programme is bringing some results. Lending growth to households picked up to...

  • British annual house price growth is lowest since mid-2013 – Nationwide

    British annual house price growth is lowest since mid-2013 – Nationwide

    British house prices rose this month at the slowest annual pace in more than two years, according to mortgage lender Nationwide, although it warned theslowdown might not persist unless house-building picks up significantly. House prices rose 3.2...

  • Stocks soar after US data

    Stock markets around the world rallied yesterday and crude oil rebounded sharply after strong US economic data and hints from a US Federal Reserve policymaker that a September interest rate hike was unlikely. All three major US indexes rose more...

  • Company briefs

    Company briefs

    Emirates SkyCargo is to increase its cargo capacity to Iran, when Emirates begins five daily non-stop flights to Mashhad from Tuesday. Mashhad will become Emirates’ second Iranian destination after the capital city Tehran, which Emirates has been...

  • MSE Share Index unchanged as volumes dwindle

    MSE Share Index unchanged as volumes dwindle

    Trading activity across the local equity market dwindled during this morning’s session of the stock exchange as only €91,150 worth of equities changed hands today with the MSE Share Index closing relatively unchanged at 4,200.929 points. The...

  • Trading at an early age

    When it comes down to the technicalities as long as you have a guardian’s consent or are of legal age, you are eligible to buy and trade stocks and shares at a stock exchange of your choosing. Now granted not everyone would be interested in doing...

  • GO Forthnet shares worth €14m

    GO Forthnet shares worth €14m

    GO’s shareholding in Forthnet is currently valued at approximately €14 million, according to the current share price of Forthnet on the Athens Stock Exchange – a far cry from the estimated €125 million it invested in the Greek telecoms company in...

  • More petrol stations to accept card payments

    More petrol stations to accept card payments

    The number of petrol stations that accept card payments is expected to grow considerably once their owners start to install new equipment as part of major upgrades that have to be concluded by 2019. So far only around one in six of the petrol...

  • Gambling firms Betfair and Paddy Power in £5bn merger talks

    Gambling firms Betfair and Paddy Power in £5bn merger talks

    Online gambling company Betfair and Irish rival Paddy Power said yesterday they had reached an agreement in principle on a £5 billion merger, marking the latest in a string of deals in the sector. The two firms said discussions were ongoing...

  • Report to home in on money laundering weaknesses

    Report to home in on money laundering weaknesses

    A report due to be completed shortly will point out the structural risks and weakness in Malta’s attempts to prevent money laundering. The so-called National Risk Assessment is an exercise that is aimed at assessing the money laundering risks...

  • Taking a byte from the IT sector

    Taking a byte from the IT sector

    The IT sector in Malta is flourishing, with revenues of €694 million in 2014, an increase of 10.2 per cent over the previous year. Over the past decade, its share of Malta’s gross value added has more than quadrupled, from 2.18 per cent to 10.09...

  • The right risks for the right strategy

    The right risks for the right strategy

    Fimbank posted an interim after-tax loss of $8.64 million, compared with a profit of $1.45 million registered in the same period in 2014, after an unprecedented clean-up of legacy cases and run-offs, which saw net impairment losses reach $8.56...

  • Last port of call

    Last port of call

    When general secretary Tony Zarb retires in a few weeks’ time, he will have been the longest-serving in the General Workers’ Union’s 72-year history. Vanessa Macdonald asked about some of the controversial episodes of his 16 years. Is it just my...

  • Being in the right place

    Being in the right place

    November 3 will be a big day for Chris Bartolo. It will be one of those moments that could so easily turn into a life-defining moment – and yet, the ways things have gone in the past four years, it seems certain that there will be many other such...