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  • Shipping movements

    These ships are expected in Malta: The Pomerenia Sky from Algeciras to Livorno, the Pacaya from Algiers to Bejaia, the Merkur Cloud from Ancona to Rijeka, the AS Fatima from Bejaia to Bejaia, the CMA CGM Hydra from Djibouti to Valencia (all CMA...

  • Crisis-hit euro governments swayed banks to buy their debt, states ECB paper

    Stressed eurozone governments swayed domestic banks to buy their bonds when the debt crisis was at its height, using “moral suasion” to counter surging borrowing costs, a research paper published by the ECB showed yesterday. Regulators and...

  • Record-breaking S&P 500 as Euro shares ‘slip’ on oil

    Major US stock indexes gave back gains yesterday after hitting record intraday highs and European shares slipped after a plunge in oil prices pushed energy stocks lower on both sides of the Atlantic. Oil prices plummeted more than four per cent,...

  • Facebook Messenger could soon allow you to send 'secret messages'

    Facebook Messenger could soon allow you to send 'secret messages'

    Facebook is testing a new messenger app which automatically deletes messages sent in a "secret conversation". Messages included in the "secret conversation" are end-to-end encrypted and can be scheduled to be permanently deleted, although...

  • FIMBank share price reaches new 7-year high

    FIMBank share price reaches new 7-year high

    The MSE Share Index extended yesterday’s decline by a further 0.08 per cent to 4,528.825 points as the declines in the share prices of BOV and MaltaPost outweighed the gains registered in FIMBank and Loqus Holdings. The highlight of the day was...

  • Trade wars

    Theresa May is set to take over as UK Prime Minister today and the pound continues to regain lost ground against a number of peers on optimism of re found political stability ahead of Brexit talks with the European Union. Uncertainty remains in...

  • BoE’s Carney hints again at more stimulus after Brexit

    BoE’s Carney hints again at more stimulus after Brexit

    Bank of England governor Mark Carney said yesterday that a hit to Britain’s economy from last month’s decision by voters to leave the European Union could prompt the bank to act, hinting again that more stimulus is on the way. “If the outlook has...

  • Employers’ flight delay damages

    The extent of airlines’ liability has been given a wider meaning by a recent ruling delivered by the Court of Justice of the European Union (CJEU). At issue was the Montreal Convention or, as it is formally known, the convention for the...

  • Record high for Dow due to greater risk

    Dow Jones and the US S&P 500 industrial average stock indexes set record intraday highs yesterday after reduced global political tensions and upbeat corporate results from Alcoa boosted risk appetite, while European shares also rallied. The...

  • Share index suffers largest daily drop in 7 weeks

    The share index suffered its largest daily drop in seven weeks today as it retreated by 0.8 per cent to 4,532.434 points. In particular, the equity of Mapfre Middlesea plunged by 16.3 per cent to a one-year low of €2.01 on trivial volumes...

  • Credit continues to grind tighter

    From what can be evidenced in bond markets over recent weeks, the search for yield phase in the Eurozone remains ever present, despite the glitches witnessed post Brexit referendum as the fresh wave of ECB bond purchases is set to keep yields...

  • For British exporters, weak pound may not offset Brexit turbulence

    For British exporters, weak pound may not offset Brexit turbulence

    The pound’s plunge since Britain voted to leave the European Union is good news for factory boss Tony Hague. He has received enquiries from potential buyers outside the country tempted by the lower prices for his company’s products, as sterling...

  • Money market report for the week ended July 8

    On Monday, July 4, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, July 5, and attracted bids from euro area eligible counterparties of €44.09 billion, €8.97 billion lower...

  • Oil falls further under $50 on Asia demand concern

    Oil falls further under $50 on Asia demand concern

    Oil fell yesterday over signs that US shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs. Brent crude was trading at $46.26 per barrel at 1042 London...

  • Planemakers shrug off economy worries as travel demand grows

    Planemakers shrug off economy worries as travel demand grows

    Top planemakers shrugged off worries about a faltering global economy on the opening day of the Farnborough Airshow yesterday, with Airbus announcing a $4.4 billion order and Boeing raising its 20-year forecast for jet demand. Airbus said it had...

  • S&P 500 hits record high

    The US benchmark S&P 500 stock index set a record intraday high yesterday as last week’s strong monthly US jobs report worked its way into financial markets, and European shares rose as a single candidate emerged to succeed David Cameron as...

  • High trading activity in RS2 shares

    High trading activity in RS2 shares

    The MSE Share Index started the week on a positive note as it edged marginally higher to 4,568.844 points on strong volumes. Indeed, the total value of equities traded today reached €1.41 million – the highest level of daily trading activity in...

  • A choppy week for equity markets

    Last week was another volatile week for equity markets. We started off with the Fed minutes showing the Fed would put its breaks of rate hikes this year and we ended it with a huge surprise in the US jobs number which made investors re-think the...

  • My thoughts on Brexit

    My thoughts on Brexit

    Enough time has passed for a calm personal assessment on the implications of Brexit. If I were British, I would have voted for my country to remain a member of the EU even if my judgement of the present EU governance is far from positive. But I...

  • ­­­Shipping movements

    These ships are expected in Malta: The Devon Strait from Split to Durres, the Avonmoor from Misurata to Tripoli, the CMA CGM Andromeda from Fos-sur-Mer to Damietta (all CMA CGM Malta Agency Ltd), the Analena from Algeciras to Izmit (Thomas Smith &...