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  • Dollar slips and shares pare losses on US data

    The dollar slipped against the euro and global equity markets rebounded yesterday after data showed US jobs growth slowed in August, raising the prospect that interest rates will stay low longer than investors had expected. The dollar fell after...

  • Japan GDP seen as revised down

    The contraction in Japan’s economy from April-June is expected to be worse than initially reported last month when revised data is published on Monday, reflecting a slump in capital expenditure and underscoring concerns that the blow from April’s...

  • Index maintains positive stance

    The Malta Stock Exchange index registered five consecutive days of gains, closing the week 1.88 per cent higher at 3,357.495 points. Activity was spread across 17 equities of which eight gained ground, two fell and seven closed unchanged. BOV...

  • Apple, Google appeal rejection of $325 million hiring settlement

    Apple, Google appeal rejection of $325 million hiring settlement

    Four technology companies including Apple and Google blasted a US judge for rejecting a proposed $324.5 million settlement over hiring practices in Silicon Valley and asked an appeals court to intervene, according to a court filing. Plaintiff...

  • German industry has bumper July

    German industrial output posted its biggest monthly increase since March 2012 in July, rising far more than forecast and marking a strong start to the third quarter for a key sector of Europe’s powerhouse economy. Industrial production increased...

  • Weekly currency report

    US and Canadian markets were closed on Monday for a holiday. The lack of holiday-related liquidity helped to trap currency markets in relatively tight ranges in major currencies. Those ranges were given further support by the number of central...

  • Large caps lift MSE Share Index

    Large caps lift MSE Share Index

    Gains across most of the large cap equities lifted the MSE Share Index 0.7 per cent higher to 3,357.495 points on increased equity market volumes totalling €219,190. The equity of Bank of Valletta plc extended its positive run with the fifth...

  • Uncertainty is becoming greater

    There is no doubt that the uncertainty surrounding the whole of the eurozone economy is becoming greater. A number of factors are contributing to this state of affairs, which we need to understand well. The first point is the fact that we speak...

  • ECB cuts rates and launches new credit scheme as growth evaporates

    ECB cuts rates and launches new credit scheme as growth evaporates

    The European Central Bank cut interest rates to a fresh record low yesterday and launched a new scheme to push money into the flagging eurozone economy. In a series of measures underscoring growing concern about the currency bloc’s health, the ECB...

  • German growth may just miss 1.8% forecast – sources

    German growth may just miss 1.8% forecast – sources

    German growth may just miss the 1.8 per cent currently forecast by the government this year, Finance Minister Wolfgang Schaeuble told leading conservative lawmakers in a meeting yesterday, according to participants. Schaeuble said whether or not...

  • UK car registrations up 9.4% in August – SMMT

    UK car registrations up 9.4% in August – SMMT

    British car sales rose 9.4 per cent in August compared with the same month a year ago but are likely to level off in the next few months, an industry group said yesterday. The Society of Motor Manufacturers and Traders said total new car...

  • EU looking at compensation for Russia food ban - De Gucht

    A new BMW at a car dealership at Portslade near Brighton in southern England. Photo: Luke MacGregor/Reuters The EU’s trade chief said yesterday the bloc was considering compensating European food producers hit by trade restrictions that Russia has...

  • Goldman Sachs plans sukuk issue as Islamic finance goes mainstream

    Goldman Sachs plans sukuk issue as Islamic finance goes mainstream

    Goldman Sachs is reviving plans to issue at least $500 million worth of sukuk or Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money. The US bank will meet investors in Qatar...

  • Stocks and dollar rise as ECB move takes toll on euro

    Stock markets rose and the euro sank yesterday after the European Central Bank unexpectedly cut ultra-low interest rates even further and said it would start buying loans and bonds next month to prop up the continent’s struggling economy. Faced...

  • Company briefs

    Company briefs

    AMC has opened a new showroom in Naxxar. Since its founding in 1995, this family-owned company has grown exponentially, dominating the packaging and disposables market in Malta. AMC hosts two local brands, each leaders in their field: Trendi...

  • BOV, HSBC lift MSE share index to 4-week high

    BOV, HSBC lift MSE share index to 4-week high

    The share prices of Bank of Valletta plc and HSBC Bank Malta plc trended higher this morning helping the MSE share index advance by 0.5 per cent to a fresh four-week high of 3,335.171 points. Sustained demand for Bank of Valletta plc shares was...

  • Eurozone business growth slows down as Ukraine tensions bite

    Eurozone business growth slows down as Ukraine tensions bite

    Eurozone business grew at the slowest rate this year in August and retail sales plummeted in July as escalating tension between Russia and Ukraine subdued spending and investment, surveys showed yesterday. Signs of slower growth, coupled with...

  • EU regulators fine Infineon, Samsung, Philips €138m

    European Union antitrust regulators fined Philips, Samsung Electronics and Infineon Technologies a total of €138 million yesterday for fixing prices of chips used in mobile SIM cards. The European Commission, which raided the companies in October...

  • Stocks rise on Ukraine hopes

    Equity markets worldwide rose yesterday, with the S&P 500 hitting a record high on hopes a resolution would be reached between Ukraine and Russia, while the euro rebounded from a one-year low against the dollar on expectations for more European...

  • Celeb hacking clouds Apple’s upcoming product launch

    Celeb hacking clouds Apple’s upcoming product launch

    Apple Inc. has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. But the leak of racy celebrity photos in the past few days put the company in the unusual position of having to mend its image just days before...