Advert

Business

  • Daily currency report

    The European Central Bank announced policy would be left unchanged, but went on to say that it was in the process of developing a quantitative easing programme. The dynamics of diverging policy action helped European exporters as they watched the...

  • MSE Share Index slumps on declines in IHI, GO

    The equity of International Hotel Investments plc dropped by 6.4 per cent during this morning’s session back to the 78c5 level on a single deal of just 718 shares. Similarly, the share price of GO plc trended one per cent lower back to the €1.95...

  • Being serious about SMEs

    The Chancellor of the Exchequer of the UK, George Osborne, last week stated that his target was to achieve full employment. Earlier on this week, the new Italian Prime Minister, Matteo Renzi, stated that it was unacceptable to have an unemployment...

  • ECB is ready to act if ‘lowflation’ lingers too long

    The European Central Bank is ready to deploy anything in its monetary policy toolbox if inflation stays too low for too long despite keeping interest rates steady yesterday, its president said. The ECB held its main interest rate at a record low...

  • Euro slips on ECB comments as stocks take a dip

    The euro fell yesterday after the European Central Bank pledged to use unconventional measures if needed to battle low inflation, and a global gauge of stocks dipped after touching a six-year high. Brent crude rallied more than one per cent,...

  • Scottish currency could cost firms an extra £1 bn

    Independence could burden Scottish companies with more than £1 billion of extra costs, a report commissioned by local engineering firm Weir Group said yesterday, adding fuel to the business case against a split. The 80-page report researched by...

  • Price cuts aid Q1 growth for eurozone businesses

    Eurozone businesses started 2014 with their best quarter in three years, but buoyant growth came at a cost as they slashed prices to drum up trade, which could further stoke deflation fears. The Composite Purchasing Managers’ Index, which compiler...

  • Daily currency report

    If the European Central Bank declines to take action for another month in the meeting, the chances for reaching 1.40 against the US dollar are heightened rather quickly. Prior to the ECB announcement, PMI services data will be released alongside...

  • MIA hits another all-time high

    The share price of Malta International Airport advanced to another new all-time high of €2.30 representing a minimal increase over yesterday’s closing price. Just over 2,000 shares changed hands today. The airport operator is shortly expected to...

  • Only 21 applications for Global Residency Scheme

    There have been only 21 applications so far for the Global Residency Scheme, launched by the government last June, and of these, only four have been approved, according to the Inland Revenue Department. Of those approved, only property has so far...

  • MEA concerned over tender minimum rates

    The Malta Employers’ Association has called on the government to issue a clarification on the minimum rates of tendering in the cleaning and security sectors. Misunderstandings of the minimum rate were causing unwarranted tension as workers...

  • The man who holds the purse strings

    Finance Minister Edward Scicluna survived the Cabinet reshuffle and can now concentrate on the technical reform of government finances – and various electoral pledges. Vanessa Macdonald tackled him on some pending issues. Excerpts. Dividends are...

  • MSE shares in negative Q1

    Following the strong performance registered by local equities in 2013 (the MSE Share Index rallied by 14.8 per cent), the index started off the New Year with mild gains before registering two successive negative months. As such, during the first...

  • Shares hold recent gains, gold jumps

    A global stock index edged up to a six-year high yesterday, supported by encouraging US economic data as traders focused on today’s meeting of the European Central Bank and tomorrow’s US jobs numbers, either of which could move markets...

  • Shipping movements

    The following ships are expected in Malta: The DS Accuracy from Ploce to Rijeka, the CMA CGM Opal from Damietta to Tilbury, the CMA CGM Titus from Port Said to Genoa, the Stadt Schwerin from Bejaia to Annaba, the BFP Galaxy from Aliaga to Piraeus...

  • A strong euro hurts economies in the EU

    Forecasting future trends in financial markets is best left to fortune tellers armed with a crystal ball as professional analysts are continuously proved wrong with their economic predictions. Foreign exchange traders, for instance, just a few...

  • US Treasury v German Bund

    When tapering was announ­ced by the Federal Reserve (Fed) in May last year, one reaction which caught my attention was the strong positive correlation maintained between the 10-year US Treasury and Bund yields (the latter being a representative of...

  • Yellen confirms need for support for US economy

    In contrast to a news conference following her first FOMC meeting as Federal Reserve chairman, Janet Yellen gave what many considered a very dovish speech on Monday, highlighting the slack in the American economy. At a speech in Chicago she said...

  • Getting ‘angry’ in a good cause

    You probably already know this, but the pigs in Angry Birds Go have no clue what they are doing. They get their inspiration from glossy magazine ads for cars but unfortunately have to make do with whatever they have at hand. So the birds get to...

  • Real meaning of Freedom Day

    In a year replete with important anniversaries, the 35th one of Freedom Day came and went on Monday. As usual it was celebrated mostly as a political event. That it was. But more so it was an economic development, commemorating the day when...