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Business

  • Eurozone, interest rates and the reflation trade

    The rate of growth in the single currency region continued to gather steam in the last months of 2016, with the leading indicators and key economic data releases so far this year pointing towards persistence in this trajectory and momentum in growth.

  • Kraft backs out of Unilever bid after hostile reception

    Kraft backs out of Unilever bid after hostile reception

    Kraft Heinz Co.’s rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company’s shares yesterday as investors assessed the impact of the failed approach. Kraft, which is backed by...

  • Taiwan export orders grow as world gears up for iPhone 8

    Taiwan export orders grow as world gears up for iPhone 8

    Orders for Taiwan’s exports rose for a sixth straight month in January on strong global demand for hi-tech gadgets such as Apple Inc.’s iPhones and Chinese smartphones, bolstering the government’s view that economic growth could hit a three-year...

  • UK factories pick up pace but so do price pressures

    UK factories pick up pace but so do price pressures

    British manufacturers had their best month in two years in February but the post-Brexit vote fall in the value of the pound is making them push up their prices sharply, posing a challenge for 2017, an industry survey showed. The Confederation for...

  • Greece needs ‘far less’ money than agreed in third bailout

    Greece needs ‘far less’ money than agreed in third bailout

    Greece will need less in emergency loans from international lenders than originally agreed in its third bailout programme due to a better-than-expected budgetary developments, the head of the eurozone bailout fund was reported yesterday as...

  • Telcos, banks lift European shares as dollar dips

    European stocks rose yesterday, with gains in telecoms and banks offsetting a big fall in Unilever, while uncertainty over political developments and the timing of a US interest rate hike kept the dollar in check. US markets were closed for...

  • Money market report for the week ended February 17

    On February 13, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on February 14 and attracted bids from euro area eligible counterparties of €28.01 billion, €1.59 billion lower than the...

  • Trading activity in equities drops sharply

    The MSE Share Index retreated by 0.47% from last Friday’s nine-year high of 4,741.747 points to 4,719.596 points today. The total value of equities traded amounted to merely €0.08 million (the lowest level of daily trading activity this year)...

  • Betsson Group offers 13 paid internships to university students

    Betsson Group offers 13 paid internships to university students

    Malta’s largest internet company has announced the opening of applications for internships aimed at university students. Thirteen paid positions are up for grabs as part of the Betsson Group's Betsson Academy, which is now in its third year.  This...

  • Pirate websites get harder to find in UK as search engines sign code of practice

    Pirate websites get harder to find in UK as search engines sign code of practice

    Internet users will find it harder to search for illegally streamed live football matches, pirated music and other creative materials under a new plan to crackdown on piracy websites. Search engine giants Google and Bing have signed up to a...

  • Allianz – Share buyback

    Allianz reported solid earnings last week, along with a promised €3 billion share buyback, A strong Solvency II ratio and a higher than expected dividend of €7.60 per share. The results are nothing but positive for holders of Allianz shares. The...

  • Digital transformation of financial services

    Digital transformation of financial services

    It may have become a hackneyed cliché to state that the exponential advances in technology are transforming our lives. In all areas of life, especially in healthcare and in financial services, the digitalisation of services has brought about...

  • Struggling European banks see light at end of low-rates tunnel

    Struggling European banks see  light at end of low-rates tunnel

    Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with the prospect of rising borrowing costs rippling from the US to Europe. Low rates, money printing and a penalty charge...

  • ­­­Shipping movements

    The MV Eurocargo Venezia from Catania to Genoa from Catania to Genoa, the MV Euroferry Malta from Catania to Salerno (both Sullivan Maritime), the Maersk Arizona from Sfax to Misurata, the Analena from Algiers to Algiers and the Cardiff from Izmir...

  • ‘Malta is well positioned as an attractive domicile post-Brexit’

    ‘Malta is well positioned as an attractive domicile post-Brexit’

    Finance Malta chairman Kenneth Farrugia talks to Anthony Manduca about Brexit, Malta’s reputation as a financial services centre, EU tax harmonisation attempts and how the new US Trump administration could affect the global financial climate. “We...

  • Firm’s comprehensive survey of Malta gaming salaries shows growth of sector

    Boston Link has released a comprehensive study of salaries within Malta’s iGaming sector. The salary survey, available as a download from its website, highlights key trends in the growing competition within the industry to find and keep the best...

  • Launch of new headquarters for Salvo Grima Group

    The Salvo Grima Group of companies has just launched new headquarters in Marsa, integrating its comprehensive range of operations with its fully-equipped logistical centre. The Salvo Grima Group has been undergoing a period of steady growth in...

  • Eight equities lift index higher

    Eight equities lift index higher

    The Malta Stock Exchange (MSE) index added a further 0.15 per cent to the previous week’s 0.40 per cent gain to end the week at 4,741.747 points. Trading in the equity market was spread across 18 equities, of which eight gained ground, four fell...

  • Fed likely to raise interest rates at its upcoming meetings

    Federal Reserve chair Janet Yellen left open the possibility of an interest rate hike in the Fed’s upcoming meetings. Yellen said that waiting too long to raise interest rates would be unwise as it could leave the Fed’s policymakers behind the...

  • Brexit and Trump rescue the EU

    Brexit and Trump rescue the EU

    Our politicians, both in the EU and the US in the last 30 years, when the technological revolution and the globalisation trend in manufacturing took off in a big way, should have seen the risks of a perfect storm brewing and should have used their...

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