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  • Long-dated sovereign bonds rally to record highs

    The sovereign bond market witnessed a turnover of just under €13.6 million this week as a total of 26 issues were active. Only three short-term issues declined marginally. The 3.75% MGS 2015 (VI) closed unchanged at €103.13 while 22 long-dated...

  • European equities rally on ECB easing

    The European Central Bank’s plan to pump out about €1 trillion to revive the eurozone economy kept stocks in the region on track for their best week since 2011 but knocked the shared currency to fresh 11-year lows. Wall Street, which rallied 1.5...

  • Oil jumps as Saudi king’s death feeds market uncertainty

    Oil prices jumped yesetrday as news of the death of Saudi Arabia’s King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades. Abdullah died early yesterday and his brother Salman became king in the...

  • Daily currency report

    The euro fell to a 12-year low against the US dollar, seven-year low against the GBP and a three-month low against the Japanese yen. The decline was triggered by the historic action taken by the European Central Bank to embark upon a quantitative...

  • Share index rallies 1.9 per cent this week

    Despite today’s 0.2 per cent decline in the share index to 3,417.823 points, the equity benchmark still rallied by 1.9 per cent this week. The downturn during today’s session was as a result of slight losses in two of the larger caps. The share...

  • US earnings season overshadowed by historic ECB QE announcement

    US earnings season overshadowed by historic ECB QE announcement

    Yesterday it was all about the ECB’s much anticipated monetary policy meeting, whereby ECB President Mario Draghi delivered a jaw-dropping €60 billion monthly asset purchase programme, scheduled to start in March and targeting to end in September...

  • The swiss franc and the euro

    Last week’s announcement that Switzerland decided it was no longer pegging its currency to the euro, could have been like a bolt from the blue. For many of us it even seemed like a bolt of very irrelevant news or may not even have been aware that...

  • The internet and the changing face of libel law

    The internet and the changing face of libel law

    With internet connectivity growing exponentially in the past decade and everyone having the instant potential of becoming an amateur journalist or a home-grown political commentator at the click of a button, the importance of effective libel law...

  • Europe business leaders cautious on ECB plan, may delay reforms

    Europe business leaders cautious on ECB plan, may delay reforms

    Business leaders in Europe gave a mixed welcome to the European Central Bank’s moves to bolster growth and inflation in the euro area yesterday, with many – especially in Germany – concerned the programme could delay unpopular economic...

  • Thinking behind quantitative easing

    Here are five questions about the new quantitative easing policy launched by the European Central Bank: What does this mean? The ECB is effectively printing money by buying government bonds – following a policy previously followed by the US and...

  • Air France tells staff of plan to cut 800 jobs – sources

    Air France tells staff of plan to cut 800 jobs – sources

    Air France yesterday met worker representatives to reveal a plan to cut about 800 jobs over three years, four union sources told Reuters. Frederic Gagey, chairman and chief executive of Air France, the main operating subsidiary of Air France KLM,...

  • India, US near tax pact to boost foreign investment

    India is set to strike a bilateral tax agreement with the US as early as this weekend, hoping to boost foreign investment and ease concerns raised by bruising disputes including cases against Vodafone and Shell. The pact, which industry executives...

  • European stocks cheer ECB’s QE

    European stocks rallied yesterday, with one index closing at a seven-year high, after the European Central Bank announced it would begin buying government bonds in a bid to revive the region’s economy and stave off deflation. Banks and automakers...

  • Commerzbank to cut 100, move 340 London jobs

    Commerzbank to cut 100, move 340 London jobs

    Commerzbank plans to cut or relocate around 440 London jobs in investment banking and back-office technology to Frankfurt and other cities to reduce costs, according to a memo seen by Reuters. Germany’s second-largest bank hopes to move around 80...

  • Inflation...

    Inflation...

    An inflated euro sign outside the new headquarters of the European Central Bank (ECB) in Frankfurt, which yesterday announced a plan to buy government bonds, resorting to its last big policy option for breathing life into the flagging euro zone...

  • Inequality, wealth and shares

    Inequality, wealth and shares

    During his State of the Union address, President Obama focused on the widening gap between the ultra-wealthy and the rest. Beyond the politics, the fact that the top one percent possesses nearly 50 per cent of the world’s wealth is cause for...

  • Milestone deal as IHI agrees to acquire Island Hotels Group

    Milestone deal as IHI agrees to acquire Island Hotels Group

    Over recent months, rumours had been rife that Island Hotels and IHI could be collaborating on the proposed major hotel development in St Julian’s. These rumours started circulating after Island Hotels announced on September 25, 2014, that its...

  • Investment bank fees soar to seven-year high, led by JP Morgan

    Investment bank fees soar to seven-year high, led by JP Morgan

    Investment banking fees surged to a seven-year high of $90.1 billion in 2014, driven by deals in North Asia and Southern Europe, with the huge North American market offering ballast in a sector increasingly expected to see some wobbles this...

  • China central banker content with slower growth in 2015

    Somewhat slower growth will allow a reforming Chinese economy to become more stable and should be good news, the head of China’s central bank said yesterday, after the country announced its lowest expansion rate in 24 years. Zhou Xiaochoan,...

  • Toyota flags sales fall in 2015

    Toyota flags sales fall in 2015

    Toyota Motor Corp. took the unusual step of projecting a drop in annual vehicle sales yesterday in a move that could see Volkswagen steal the industry crown this year as demand slumps in Japan, Indonesia and other key markets. The forecast...