The MSE Index more than recouped last week’s marginal loss having ended this week with a 2.47 per cent gain to close at 3,532.422 points. Turnover amounted to €2.7 million spread across 18 equities of which 12 equities advanced, five declined and one...
Overview
The share index extended its positive trend with a further 0.7 per cent uplift during this morning’s session to reach a new 1-year high of 3,532.422 points as various equities continued to advance with most reaching new highs. Amongst the large cap...
The European Central Bank (ECB) concluded its monetary policy meeting yesterday without surprises but with a renewed commitment of intervening as needed in the markets until “we see a sustained adjustment in the path of inflation which is consistent...
Greece cannot rely on the European Central Bank to raise a limit on Athens’ issuance of short-term debt, ECB president Mario Draghi suggested yesterday. He also said the rules meant the ECB could not buy Greek bonds under its new asset-buying...
One of the priorities of the European Commission appointed at the end of 2014 is the formation of a single energy market. It is indeed unfortunate that the minute one uses the term ‘single market’ within an EU framework, one gets sceptics who believe...
The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next. President Mario Draghi said the first bond purchases with new money would take place on Monday. The...
China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signalled that the lowest rate of growth in a quarter of a century is the “new normal” for the world’s No. 2...
The Bank of England marked the sixth anniversary of its cutting interest rates to a record low by keeping them on hold once again yesterday, but an improving economy suggests rates are likely to rise at some point over the next 12 months. While no...
Insurers Aviva plc and Friends Life Group plc reported forecast-beating yearly profits yesterday, lifting their shares to multi-year highs ahead of a £5.6 billion agreed merger due to complete next month. Aviva is acquiring Friends Life as changes in...
The euro fell to an 11-1/2-year low against the dollar yesterday as US and eurozone bond prices rose, after the European Central Bank spelled out its one trillion-euro stimulus plan that begins next Monday. European stock prices were supported by the...
db Seabank opens €1m entertainment complex
The MSE Share Index trended higher for the sixth successive session today with a further 0.2% increase to 3,507.197 points. This morning’s uplift was largely due to the continued recovery in the share price of HSBC Bank Malta plc which edged a further...
Today marks the day that the European Central Bank will probably announce the start of its quantitative easing program. Assuming that the ECB starts purchasing Malta Government Stocks in March, the typical Maltese investor used to hoarding Government...
Last week, Malta International Airport plc published its 2014 financial statements and while the double-digit growth in pre-tax profits was expected, given the news earlier this year that passenger figures increased by 6.4 per cent, the extent of the...
Britain agreed to sell its 40 per cent stake in the Eurostar rail link for £585 million to a consortium comprising the Canadian public pension fund Caisse de Depot du Placement du Quebec (CDPQ) and the British asset manager Hermes. The government...
A German energy cooperative will take legal action against the European Commission for approving state aid for a £16 billion nuclear power plant in Britain, it said yesterday, arguing it threatens to distort competition. The project, to be built by...
Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a £750 million charge by the British bank provided fresh evidence of the costs of past misdemeanours by its traders. Barclays last year cut costs,...
Stock prices around the world fell yesterday on profit-taking, while the euro dropped to an 11-1/2 year low ahead of a European Central Bank meeting where policymakers are expected to offer details on their bond purchase stimulus plan. The Dow Jones...
A man walks past graffiti depicting an ancient Greek temple supported by columns made from Euro coins, in the northern port city of Thessaloniki yesterday.
The following ships are expected in Malta: The Xin Lian Yung Gang from Port Klang to Koper, the The CMA CGM Azure from Damietta to Genoa, the Sena Kalkavan from Varna to Avcilar, the CMA CGM Norma from Port Klang to Valencia (all Carmelo Caruana Co.
The share index closed in positive territory for the fifth consecutive session with a further 0.8 per cent increase during this morning’s session to yet another 10-month high of 3,501.597 points. Once again, the majority of the day’s active equities...
L'Oreal SA is a French company which manufactures, markets, and distributes health and beauty products. Brands owned by the Group which are well known by consumers include L’Oreal Paris, Garnier, Maybelline New York, Lancome and La...
One of the main aims of the EU Trademark Directive of 2008 was to ensure a reasonable degree of approximation among the trademark laws of EU member states. Before the entry into force of this directive, the trademark laws applicable in the member...
Saudi Arabia’s subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch’s inner circle a firmer hand on the kingdom’s oil strategy than previous rulers have enjoyed. The most notable...
German retail sales jumped by the largest amount in seven years in January, data from the Federal Statistics Office showed yesterday, fuelling expectations that private consumption will propel growth in Europe’s largest economy this year. Retail sales,...
Investor expectations of the eurozone breaking apart have risen to their highest level in two years, a survey showed, even after Greece agreed a financial lifeline with its eurozone partners. The sentix Euro Break-up Index (EBI) gave its highest...
US stock prices fell yesterday, with the Dow Jones industrial average and Standard & Poor’s 500 receding from their record highs, while the dollar fell from its 11-year peak versus a basket of currencies. Investors are awaiting evidence the global...
Barclays has set aside an extra £750 million for potential fines arising from allegations of manipulation in the foreign exchange market as the British bank’s annual profits rose a higher-than-expected 12 per cent thanks to a sharp cut in...
The equity of Malta International Airport experienced a surge in activity today as a total of 182,638 shares changed hands. The share price edged a further one per cent higher to yet another new high of €3.05. MIA’s equity was in the limelight over the...
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