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  • Greek bailout programme would end if IMF pulled out – German Finance Minister

    Germany believes the International Monetary Fund (IMF) would remain on board with Greece’s bailout, a finance ministry spokesman reiterated yesterday, but said that an IMF decision to pull out would mean the end of the current programme. Finance...

  • Nice start to the year. Pity about the rest of it

    Nice start to the year. Pity about the rest of it

    The world economy has begun the year in fine form. America is cruising along, China is growing faster than expected, Britain is muffling the Brexit downdraught. Even the usually lagging eurozone is perky. Pity about what lies ahead. Almost every...

  • Trading giant Glencore extends major Libyan oil deal – sources

    Swiss-based commodities giant Glencore has extended a deal with Libya’s state oil firm to be the sole marketer of one-third of the country’s current crude oil production, sources familiar with the matter said. It was not clear for how long...

  • A weaker pound may not benefit all exporters

    A weaker pound may not benefit  all exporters

    Sterling’s sharp fall against the US dollar and euro since June’s Brexit vote has so far hurt almost as many exporters as it has aided, the British Chambers of Commerce said yesterday. A cheaper currency normally helps exporters in the medium...

  • Equities and the euro dip amid political and economic uncertainty

    The euro fell to a one-week low against the dollar yesterday on uncertainty ahead of several impending European elections, while European and US stock markets dipped ahead of a heavy week of corporate results. Concerns over French politics ahead...

  • Money market report for the week ended February 3

    On January 30, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on January 31 and attracted bids from euro area eligible counterparties of €31.65 billion, €2.35 billion lower than the bid...

  • We are not currency manipulators, says ECB's Draghi

    We are not currency manipulators, says ECB's Draghi

    The European Central Bank and Germany are not currency manipulators, and the bloc's monetary policy reflects the state of its economic recovery and not a desire for a weak euro, ECB President Mario Draghi said today. US President Donald Trump's...

  • Despite geopolitical instability, strong global investment appetite in Europe

    Despite geopolitical instability, strong global investment appetite in Europe

    Despite current geopolitical and financial market volatility, investment plans into Europe over the next three years are strong, with 56% of global investors planning to grow their presence in Europe, according to the EY 2017 European...

  • IHI and BOV pull the MSE Share Index lower

    IHI and BOV pull the MSE Share Index lower

    The MSE Share Index extended last Friday’s decline by a further 0.23% to a near two-week low of 4,704.848 points as the losses in IHI (-1.5%) and BOV (-0.9%) outweighed the gains registered in Malta Properties (+3.8%), MIA (+0.5%) and RS2 (+0.3%).

  • Robots and computers 'could replace almost 250,000 public sector workers'

    Robots and computers 'could replace almost 250,000 public sector workers'

    Robots and computers could replace almost 250,000 public sector workers in the UK over the next 15 years, improving efficiency and saving billions of euros, according to a new report. The Reform thinktank said use of websites and artificially...

  • Ryanair says fares fall more than expected but profits on track

    Ryanair says fares fall more than expected but profits on track

    Ryanair's average fares fell more than expected in the last three months of 2016 amid a glut of capacity in Europe's short-haul aviation market, but the low-cost giant said it remains on track to post a modest increase in annual profits. Europe's...

  • The travails of restructuring

    The travails of restructuring

    Most business organisations will face the need for major restructuring at some time as a result of changing competition, new regulation, technological innovation and evolving consumer and social habits. The same applies for political, religious...

  • Facebook vulnerable to expected changes in key visa programme

    Facebook vulnerable to expected changes in key visa programme

    Among Silicon Valley’s top tech employers, Facebook Inc could be the most vulnerable to US President Donald Trump’s expected crackdown on guest-worker visas, according to a Reuters analysis of US Labour Department filings. More than 15 per cent of...

  • Oil edges up on threat of US issuing new Iran sanctions

    Oil prices edged up last Friday on news that US President Donald Trump could be set to impose new sanctions on multiple Iranian entities, raising geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak...

  • ­­­Shipping movements

    These ships are expected in Malta: The Alexander Maersk from Sfax to Algiers, the Swansea from Izmir to Valencia (both Thomas Smith Shipping Ltd), the MV Eurocargo Venezia from Genoa to Genoa, the MV Euroferry Malta from Catania to Salerno (both...

  • 26% of local hotel industry apprehensive about Brexit

    26% of local hotel industry apprehensive about Brexit

    The latest market barometer carried out by PwC Malta shows a level of anxiety in the local hotel industry in the wake of possible repercussions due to Brexit. Twenty-six per cent of hoteliers have, in fact, identified Brexit as their topmost...

  • MV Malita sails back into action

    MV Malita sails back into action

    Gozo Channel’s ferry, the MV Malita, underwent extensive maintenance works at Palumbo Shipyard and sailed back into action on Thursday. The 15-year-old vessel, the youngest in a fleet of three, entered Dock 4 earlier this month for its routine...

  • Malta’s economy to stand out in 2017 in an unpredictable world, says HSBC Malta CEO

    Malta’s economy to stand out in 2017 in an unpredictable world, says HSBC Malta CEO

    Malta’s economy has the potential to emerge even stronger in 2017 despite a high level of uncertainty in the global and European economies, HSBC Malta CEO Andrew Beane said while speaking at The Economist’s The World in 2017 Gala Dinner...

  • Index hits 9-year high intra-week

    Index hits 9-year high intra-week

    The Malta Stock Exchange (MSE) index reached a fresh nine-year high intra-week, but failed to maintain this level and closed the week 0.102 per cent lower at 4,715.797 points. A total of 15 issues were active during the week, of which five gained...

  • An outlook for equity and bond markets in 2017

    In 2016, investors experienced an Asian crisis, Brexit, Donald Trump and an Italian referendum. Yet despite it all, markets continue to rally. Investors are now asking which asset classes will generate positive returns in 2017 and beyond.