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  • SNB move, nobody saw that one coming

    SNB move, nobody saw that one coming

    European bond markets were characterised by Wednesday’s announcement by the European Court of Justice, which stated that any form of OMT programme (outright monetary transactions) is legitimate and is “suitable for bringing about a reduction in...

  • Making the EU more flexible

    Towards the end of last year, in one of my contributions, I had posed the question as to whether the EU needs to reinvent itself. My conclusion was that the EU does need to reinvent itself to become once more a vibrant economy. It is interesting...

  • BP to cut North Sea jobs as oil price plummets

    BP to cut North Sea jobs as oil price plummets

    Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world’s most expensive exploration areas as oil prices tumble. Although the cuts are relatively small for...

  • Private consumption drove German growth of 1.5 per cent in 2014

    Private consumption and trade fuelled a 1.5 per cent expansion of the German economy in 2014, its best performance in three years but a result which masked weakness in the final three-quarters of the year. Private consumption added 0.6 percentage...

  • Samsung talks to BlackBerry about $7.5bn buyout – source

    Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters. South...

  • Franc and European shares soar as Swiss currency cap is lifted

    Switzerland's move to jettison a three-year-old cap on the franc threw global markets into turmoil yesterday, sending the currency and most European shares soaring while bond yields and Swiss equities tumbled. The franc jumped almost 30 per cent...

  • Swiss franc jumps 30% after SNB dumps euro ceiling

    Swiss franc jumps 30% after SNB dumps euro ceiling

    Switzerland’s franc soared by almost 30 per cent in value against the euro yesterday after the Swiss National Bank abandoned its three-year old cap at 1.20 francs per euro. In a chaotic few minutes on markets after the SNB’s announcement, the...

  • Company briefs

    The Volkswagen Group achieved the first goal of its Strategy 2018 last year: over 10 million vehicles delivered in 2014, an increase of 4.2 per cent. Including heavy commercial vehicles, group brands delivered a total of 3.95 million vehicles to...

  • Calamatta Cuschieri publishes CC Credit Outlook for H1 2015

    Calamatta Cuschieri has published the CC Credit Outlook for H1 2015 which covers the European and the US Bond markets, both within the High Yield and Investment Grade space. The outlook can be read in full here or abridged here. The key theme for...

  • BOV share price rises after bonus issue adjustment

    The equity of Bank of Valletta was today adjusted for the upcoming one-for-11 bonus share issue. The bonus shares will be allocated to the entitled shareholders tomorrow and trading in these new shares is expected to commence on Monday. BOV’s...

  • Why is the price of oil falling?

    This week the price of West Texas Intermediate (better known as WTI) fell below $45 bbl. Has the price of oil reached the bottom? In this short article, I will attempt to answer this and other questions related to the price of oil mainly from an...

  • €1.6m claims from More creditors

    €1.6m claims from More creditors

    Over €1.6 million is so far being claimed by 17 companies owed money by More Supermarkets, in a case which the Malta Association of Credit Management believes should never have happened. “This is the fourth case involving a supermarket that the...

  • MSE working to facilitate SME financing

    MSE working to facilitate SME financing

    The Malta Stock Exchange (MSE) is working on a product which will encourage small- and medium-sized enterprises to access capital markets which, subject to all the relevant regulatory approvals, should be implemented during this year. Although...

  • Area 4 back on the market for oil companies

    Area 4 back on the market for oil companies

    The government will soon publish a notice in the Official Journal of the European Union notifying that Area 4 is once again open for companies interested in oil exploration. Phoenicia Energy Company Ltd and Melita Exploration Company Ltd completed...

  • KPMG appoints partners and directors

    KPMG appoints partners and directors

    KPMG has appointed David Pace and Doreen Fenech as partners and Jonathan Dingli, John Ellul Sullivan and Paul Pace Ross as directors. This reflects the continued growth that the firm has achieved in 2014 and which is expected to be sustained in...

  • Dhalia strengthens HR department

    Dhalia strengthens HR department

    Dhalia Real Estate services has appointed David Dingli as its new HR executive. Mr Dingli, a management consultant by profession, specialises on strategic development, human resources management and operations management and has delivered lectures...

  • New partners at Fenech & Fenech Advocates

    New partners at Fenech & Fenech Advocates

    Fenech & Fenech Advocates has ap­pointed Monica Galea John and Alison Vassallo as partners. Dr Galea John joined Fenech & Fenech Advocates in 2000 and currently heads the compliance team within the financial services department. Her areas of...

  • Memorandum of misunderstanding?

    Memorandum of misunderstanding?

    On December 15, Malta and Azerbaijan signed a memorandum of understanding on strategic cooperation in the oil and gas sector. The Azerbaijan Ambassador to Malta, Vaqif Sadiqov, is disappointed by what he sees as negative perceptions of his...

  • An exceptional year for Malta Government Stocks

    An exceptional year for Malta Government Stocks

    After analysing the 2014 performance of the equity market in last week’s column, it is also worth looking into the developments across the bond market. The Rizzo Farrugia MGS Index, which tracks movements in the bid prices of the Central Bank of...

  • Tunnel vision for Gozo

    Tunnel vision for Gozo

    The president of the Gozo Business Chamber, Michael Grech, is a firm believer in a permanent link – a tunnel, not a bridge – but he told Vanessa Macdonald that the link alone would not be enough to help Gozo’s economy grow. Gozitans always lament...