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Business

  • Banks lift stocks, US yields climb following data

    Stocks on major world markets rose further yesterday and US Treasury yields rose after a batch of US economic data increased the possibility of an interest rate rise by the Federal Reserve. US retail sales rose more than expected in January, while...

  • Shipping movements

    The following ships are expected in Malta: The MV Eurocargo Venezia from Genoa to Genoa (Sullivan Maritime) and the MSC Katie from Singapore to Barcelona (John Ripard & Son Ltd) today. The MSC Teresa from Valencia to Salalah (John Ripard & Son...

  • RS2 share price drops to a near 2-month low

    The MSE Share Index posted its third consecutive daily loss as it retreated by a further 0.07% to a fresh five-day low of 4,718.416 points. Trading activity was spread across eight equities with only RS2 performing negatively whilst Malita...

  • Understanding mergers and acquisitions

    Understanding mergers and acquisitions

    When the economy is booming, companies tend to identify numerous growth opportunities and such opportunities can present themselves in the form of mergers and acquisitions (M&A). A merger can be set in a number of ways and is usually whereby two...

  • Delays, confusion as Toshiba reports $6bn nuclear hit and loss

    Delays, confusion as Toshiba reports $6bn nuclear hit and loss

    After a day of delays and confusion, Japan’s Toshiba Corp said yesterday it expected to book a $6.3 billion hit to its US nuclear unit, a writedown that wipes out its shareholder equity and will drag the group to a full-year loss. Hours earlier...

  • Frankfurt Airport steps up low-cost drive with Wizz Air routes

    Eastern European low-cost carrier Wizz Air yesterday said it would start flights from Frankfurt Airport this summer, becoming the latest budget airline to add routes from Germany’s largest airport. Wizz Air said it would fly to Sofia from May and...

  • German economy rebounds in final quarter of 2016

    German economy rebounds in final quarter of 2016

    The German economy grew by 0.4 per cent in the final quarter of 2016, data showed yesterday, as increased state spending, higher private consumption and construction in Europe’s biggest economy more than offset a drag from foreign trade. The...

  • Stocks dip and dollar strengthens after Yellen rate hike comments

    A gauge of global equity markets dipped yesterday and the dollar strengthened as US Federal Reserve Chair Janet Yellen struck a hawkish tone on the timing of an interest rate hike. Yellen said in prepared remarks before the US Senate Banking...

  • Japan, US agree FX talks best left for finance leaders – Abe

    Japan, US agree FX talks best left for finance leaders – Abe

    Japanese Prime Minister Shinzo Abe said yesterday he and US President Donald Trump agreed to allow their respective finance leaders to discuss currency issues, suggesting Trump may be willing to soften criticism that Japan was manipulating its...

  • Equity trading volume surges to a 2017 high

    Equity trading volume surges to a 2017 high

    The MSE Share Index extended yesterday’s decline as it slipped by a further 0.14% to a four-day low of 4,721.576 points today on strong volumes totalling nearly €0.66 million – the highest level of daily trading activity day this year. RS2...

  • Peugeot owner PSA Group in talks to buy Vauxhall and Opel from GM

    Peugeot owner PSA Group in talks to buy Vauxhall and Opel from GM

    The owner of Peugeot said it could buy Vauxhall and Opel from General Motors (GM) in a deal that would transform Europe's car market. PSA Group is in talks over a "potential acquisition" of GM's European car business, as it explores "strategic...

  • Markets take cue from US policies and earnings season

    The global economy ended 2016 on a strong note, and started this year in the same vein. Economic data such as PMIs and leading economic indicators from the world’s major economies continue to indicate strong and robust growth, at least in the...

  • Money market report for the week ended February 10

    On February 6, 2017, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on February 7, 2017, and attracted bids from euro area eligible counterparties of €29.60 billion, €2.05 billion lower...

  • Heineken takes battle to AB InBev in Brazil with $1bn Kirin deal

    Heineken, the world’s second-largest brewer, yesterday agreed to buy the loss-making Brazilian breweries of Japan’s Kirin Holdings to boost its presence in the world’s third-biggest beer market. The Dutch brewer will become the number two brewer...

  • Samsung chief appears for second round of questions in graft probe

    Samsung chief appears for second round of questions in graft probe

    Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor’s office for questioning yesterday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. The special...

  • IMF’s Lagarde says worried about European elections

    International Monetary Fund managing director Christine Lagarde said she was worried about the result of looming elections in Europe, though she insisted the eurozone was making progress in resolving its economic problems. “I am worried, as we all...

  • EU sees eurozone economy weaken this year, Britain to halve growth by 2018

    EU sees eurozone economy weaken this year, Britain to halve growth by 2018

    The eurozone’s economic growth was expected to lose some speed this year and to rebound in 2018 while the British economy would nearly halve its expansion by 2018, the European Commission said yesterday, warning of higher political risks. The EU...

  • Stocks move higher on Trump policy bets

    A gauge of global equity markets advanced yesterday and bond yields rose, lifted by a re-emergence of assets likely to benefit from reflationary policies that are expected to be implemented by US  President Donald Trump. Financials and banks led...

  • UK employers worry that EU workers will leave this year – survey

    UK employers worry that EU workers will leave this year – survey

    More than a quarter of employers in Britain say staff members from other European Union countries have considered leaving their firms or the country in 2017 after last year’s Brexit vote, an industry group said yesterday. The proportion rose to 43...

  • Google Maps to allow sharing of favourite places with friends and family

    Google Maps to allow sharing of favourite places with friends and family

    Google Maps is introducing a new feature that enables users to create lists of their favourite places and share them with friends and family via social media. The technology giant said the feature will begin to roll out to users of the Android and...

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