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Business

  • ECB’s Mario Draghi’s tone keeps market mood upbeat

    ECB’s Mario Draghi’s tone keeps market mood upbeat

    This week has been a busy week in terms of macro-economic data. Monday was a muted day with the US closed on holiday, but Tuesday made up for the previous day’s lack of data. Inflationary data surprised to the upside in the UK (although there was...

  • The paradox of the price of oil

    The price of oil has gone down to around $30 a barrel. We have not seen such prices since 2003. As an aside (which I just cannot help making), I wish I had had these prices when I was chairman of Air Malta. At one stage the price was five times...

  • Cameron urges businesses to speak up about Britain’s EU membership

    Cameron urges businesses to speak up about Britain’s EU membership

    Businesses should speak up about Britain’s membership of the European Union now rather than wait for the upcoming referendum campaign, Prime Minister David Cameron said yesterday. Cameron told an audience at the World Economic Forum in the Swiss...

  • Eurozone banks to pay €10bn into bailout fund by theend of June

    Eurozone banks are required to pay their annual contributions to a rescue fund by the end of June so that it can reach a €10 billion target in 2016, a member of the fund’s board said yesterday. The Single Resolution Fund (SRF), set up to rescue...

  • ECB’s Draghi eyes March policy review as economic risks grow

    ECB’s Draghi eyes March policy review as economic risks grow

    Turmoil in financial markets and concerns over China and other emerging markets will prompt a March review of the European Central Bank’s monetary policy, president Mario Draghi said yesterday, holding out the prospect of further loosening. The...

  • Barclays to slash 1,000 bank jobs

    Barclays to slash 1,000 bank jobs

    Barclays will cut about 1,000 jobs in investment banking worldwide and close its cash equities business in Asia as new chief executive Jes Staley wields the axe in a bid to reduce costs and boost returns. The harsher-than-expected cuts are among...

  • Oil and stocks climb as Draghi remarks raise stimulus hopes

    Oil prices and global stocks rebounded yesterday, buoyed by comments from European Central Bank president Mario Draghi that raised hopes of further monetary stimulus, following a turbulent few days that wiped trillions of dollars off asset...

  • Virtual reality to hit $1bn this year – Deloitte

    Virtual reality to hit $1bn this year – Deloitte

    Virtual reality (VR) will have its first billion-dollar year in 2016, with about $700 million in hardware sales, and the remainder from content, according to Deloitte Global’s Technology, Media & Telecommunications (TMT) Predictions. The report...

  • How dividends may affect stock prices

    How dividends may affect stock prices

    Stocks that pay consistent dividends are popular among investors. Though dividends are not guaranteed on common stock, many companies pride themselves on generously rewarding shareholders with consistent – and sometimes increasing – dividends each...

  • What are the opportunities for bond investors in 2016?

    What are the opportunities for bond investors in 2016?

    During 2015, there were relatively few opportunities for bond investors as most of the new corporate bonds listed on the Malta Stock Exchange were all targeted at existing bondholders or shareholders of the respective companies, namely...

  • No timetable for raising UK rates – BoE’s Carney

    Bank of England governor Mark Carney said he had no timetable for raising interest rates and avoided giving one of his trademark steers on what was likely to happen to them against a backdrop of a weakening global economy. With Chinese growth...

  • GO to acquire majority shareholding in Cablenet

    GO to acquire majority shareholding in Cablenet

    GO plc is to acquire a majority shareholding in the Cypriot ‘triple play’ telecommunications company Cablenet Communications Systems Ltd. In September 2014, in line with its strategy to pursue growth opportunities, GO had acquired 25 per cent of...

  • Global equities whacked by tumble in oil

    Global equity markets dropped to their lowest levels in two and a half years yesterday to put them on pace for one of the most dismal monthly performances on record, as oil once again tumbled to 13-year lows. The MSCI World equity index slumped...

  • Shipping movements

    These ships are expected in Malta: The Elbella from Antalya to Mersin, the Avonmoor to Tobruk, the Turnberry Kontor from Durres to Rijeka, the HH East from Tripoli to Tripoli, the Frisia Loga from Kingston to Livorno, the CMA CGM Cassiopeia from...

  • MIA reaches new all-time high

    The share index extended yesterday’s gain by a further 0.04 per cent to 4,502.805 points on strong trading activity of just over €630,000. Most notably, the equity of Malta International Airport advanced by 1.2 per cent to a new all-time high of...

  • Caution: mind your step

    Caution: mind your step

    The performance in global markets year to date has done little to convince us that the US will raise interest rates further, or that oil prices are ready to stabilise any time soon, at least for the first half of the year. The recent sanctions...

  • Resolving disputes with online traders

    The rapid development of electronic commerce brings new and complex challenges for consumers. Consumers sometimes encounter difficulties in seeking redress for unsatisfactory goods or services purchased online. Consumers are largely reluctant to...

  • China fourth quarter growth weakest since start of 2009

    China fourth quarter growth weakest since start of 2009

    China’s economic growth in the fourth quarter slowed to the weakest since the financial crisis, piling pressure on a government that is struggling to restore the confidence of investors after perceived policy missteps jolted global...

  • New leases standard will affect nearly all companies – EY

    The International Accounting Standards Board (IASB) leases standard will require lessees to recognise all leases on their balance sheets, with certain exemptions. This will have the most impact on entities that have significant operating leases...

  • European Professional Card to help cross-border work

    European Professional Card to help cross-border work

    Practising a profession in another EU country has become easier for general care nurses, pharmacists, physiotherapists, real estate agents and mountain guides, thanks to the European Professional Card (EPC) launched by the European...

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