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  • 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...

  • UK earnings outpace inflation once again

    The pay of British workers grew faster than inflation again in November, official data showed yesterday, giving Prime Minister David Cameron a boost ahead of national elections in May. Average weekly earnings, excluding bonuses, rose 1.7 per cent...

  • Stocks and Treasuries gain on European bond-buying hopes

    European and US equities rose yesterday, lifted by news reports that the European Central Bank will announce a massive bond-buying programme to boost the eurozone’s flagging economy. US Treasury yields declined and the euro rose against the dollar...

  • Shipping movements

    The following ships are expected in Malta: The Agamemnon from Port Tanger to Port Said, the Maersk Stockholm from Port Said to Genoa (both Thomas Smith Shipping Ltd) and the MV Eurocargo Venezia from Genoa to Catania (Sullivan Maritime) today. The...

  • New CEO for Malta International Airport

    Alan Borg has been appointed Malta International Airport CEO ‘ad interim’ to replace Markus Klaushofer, the airport operator said this afternoon. MIA, which is expected to publish its 2014 passenger numbers and the forecast for 2015 shortly,...

  • Quantitive easing and the European Equity Market

    Quantitive easing and the European Equity Market

    Predictions of a Quantitive Easing programme by the European Central Bank will probably materialise tomorrow. Many will question what the fuss is all about, however, for market participants QE is akin to antibiotics for a sick person. In this...

  • IMF cuts global growth outlook, calls for accommodative policy

    IMF cuts global growth outlook, calls for accommodative policy

    The International Monetary Fund lowered its forecast for global economic growth in 2015, and called yesterday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth. Global growth is...

  • Stocks gain on China’s growth

    Britain’s top share index rose for a fourth straight session yesterday, buoyed by mining stocks, after Chinese data beat expectations, although a tepid outlook from Unilever kept confidence in check. The FTSE 100 index closed 0.5 per cent higher...

  • Demand for home loans in eurozone on the rise – report

    One in four banks across the eurozone saw a rise in home loan demand towards the end of last year and almost as many expect the trend to continue, a survey by the European Central Bank showed yesterday. As consumers bet on rising house prices and...