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  • Treasury yields fall as dollar index slips after weak US data

    Treasury yields dropped and the dollar index dipped yesterday following a stabilisation in European government bonds and another batch of weak US data that raised expectations the Federal Reserve will need to wait longer to hike interest rates. US...

  • South Africa’s Brait buys Britain’s New Look for $1.2 billion

    South Africa’s Brait buys Britain’s New Look for $1.2 billion

    African investment heavyweight Brait SE said it will pay $1.2 billion for virtually all of budget clothes retailer New Look, giving it a substantial presence in Britain’s fiercely competitive fashion retail market. The deal puts Brait, whose top...

  • Daily currency report

    In the US, retail sales disappointed for the fifth straight month while on a month- on-month basis headline retail sales were flat over March. US import prices contracted for the 10th continuous month, which is emanating from the strong US dollar,...

  • Bank shares lift index

    Following three consecutive sessions of declines, the share index edged 0.3 per cent higher today to 3,782.405 points aided by increases in the share prices particularly those in the financial services sector. Nonetheless, the local equity...

  • Interesting products make a nice credit story

    Interesting products make a nice credit story

    APX (operating under the brand name Vivint) is reportedly one of the largest Smart Home companies in North America and the third largest home security company in the US. Vivint services are based on a fully integrated touchscreen SkyControl panel,...

  • Greek uncertainty continues

    Last Monday there was the meeting of the Euro Group (comprising the countries that are members of the eurozone) which discussed the current problems with Greece. In truth, there was already the expectation that no solution would be reached by the...

  • Japan’s Sharp unveils $1.9bn bailout after large annual loss

    Japan’s Sharp unveils $1.9bn bailout after large annual loss

    Japan’s Sharp Corp. said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. Mizuho Bank and Bank...

  • Greece sticking to ‘red lines’

    Greece’s government is sticking to its non-negotiable ‘red lines’ on labour and pension issues and expects its EU and IMF creditors to also make concessions to reach a deal, the government spokesman said yesterday. “There should not be an...

  • BOE governor says ‘possible’ rates will be higher in a year

    Bank of England governor Mark Carney said yesterday it was possible that British interest rates will be higher in a year’s time, although the central bank would not raise them too soon and risk slowing the economy. Speaking a day after the BoE cut...

  • Weak dollar, tame US inflation boost stocks as yields dip

    Increasing expectations the US Federal Reserve will hold off raising interest rates until September at the earliest boosted Wall Street yesterday and drove the dollar to near its lowest level since January. US data showed recent strength in the...

  • UK surveyors report biggest house price rises since August

    UK surveyors report biggest house price rises since August

    British house prices rose at their fastest rate since August last month, and the country’s lack of affordable housing is now a “national emergency”, a body representing property valuers said yesterday. The Royal Institution of Chartered Surveyors...

  • Some US oil drillers expecting more output, but not by much

    Some US oil drillers expecting more output, but not by much

    At least half a dozen US-focused energy firms say they will pump more oil and gas this year than initially expected, adding to a sense that eager drillers are quickly pivoting from months of retrenchment towards renewed growth. A closer look at...

  • Company briefs

    Company briefs

    Kia Motors Europe achieved the highest first quarter sales in the company’s history, with year-to-date growth of 7.4 per cent, according to the latest data from the European Automobile Manufacturers’ Association (ACEA). During the first three...

  • Euro outlook and investment strategy

    Euro outlook and investment strategy

    The euro currency on May 13 stood at 1.3715 against the dollar. At the time that this article is being written the EURUSD is trading at 1.1231. Over a one year period the euro fell by over 18 per cent leading to significant gains for US dollar...

  • Why have MGS prices suddenly dropped?

    Why have MGS prices suddenly dropped?

    Many investors have been asking for the reasons behind the sudden drop in prices of Malta Government Stocks over the past three weeks. Prices and yields of MGS mirror movements in the benchmark German bund and those of other periphery countries...

  • Japan’s top carmakers to expand Takata airbag recalls by millions

    Japan’s top carmakers to expand Takata airbag recalls by millions

    Japan’s three biggest carmakers said yesterday they would expand a huge global recall triggered by potentially fatal airbags made by Takata Corp., saying they were taking back millions of vehicles worldwide for investigation. Toyota Motor Corp.

  • Toyota and Mazda plan long-term partnership to confront tech challenges

    Toyota Motor Corp. and Mazda Motor Corp. announced plans for a long-term partnership that would go deeper than existing project-based ties as the industry faces escalating costs and technical challenges, including environmental and safety...

  • EU to impose duties on electrical steel imports

    The European Union will impose anti-dumping duties from today on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States, its second set of measures this year to protect European steel producers. The...

  • AOL’s CEO Armstrong charted bumpy path to big Verizon sale

    AOL’s CEO Armstrong charted bumpy path to big Verizon sale

    AOL Inc. chief executive Tim Armstrong’s six-year path to transforming the venerable dial-up internet provider into a marketable mobile ad specialist was filled with bumps. Armstrong spent hundreds of millions on the money-losing hyper local news...

  • Dollar slips as stocks inch up after soft US data

    The dollar index hit its highest in more than three months while global stock indexes edged up yesterday as weaker-than-expected US retail sales bolstered confidence the Federal Reserve will hold off raising rates soon. The S&P 500 was up slightly...