http://www.cc.com.mt/en/NewsRSSFeed.ashx(c) 2012 , calamattacuschieri, All Rights ReservedBAA the owner of London’s Heathrow and Stansted airports, said its full-year loss narrowed after passenger numbers rose to a record and retail spending increased. The net loss was 191.5 million ($302 million) in 2011 compared with a 321...22/02/2012 12:24:45http://www.cc.com.mt/en/newsdetails/International/baa-full-year-loss-narrows-after-heathrow-traffic-rises-20120222European markets are called to open slightly lower this morning. In Asia, shares fell overnight on the back of data showing that China’s manufacturing sector contracted in February for the fourth straight month, according to the HSBC flash ...22/02/2012 08:35:10http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120222European shares were called to open flat to lower Tuesday after Greece managed to secure its crucial second bailout of 130 billion euros helping it to avert a disorderly default.Asian stocks fell, with the regional benchmark index retreatin...21/02/2012 08:40:57http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120221Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.Futures climbed as much as 1.9 percent for a fourth day of ...20/02/2012 11:05:54http://www.cc.com.mt/en/newsdetails/International/oil-rises-to-nine-month-high-on-iran-export-halt-20120220Opening calls are indicating a higher open this morning on the hopes that Greece will secure its second bailout.In Asia, the Nikkei is trading higher whilst the Hang Seng is slightly in the red. China has cut reserve requirements for banks ...20/02/2012 08:43:47http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120220Opening calls are indicating a slightly higher open. The Greek government said late Thursday that it expects to get euro zone approval for a debt swap scheme with its private creditors – a key factor in ensuring it doesn’t default on its de...17/02/2012 08:31:46http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120217Societe Generale SA, France’s second-largest bank, said fourth-quarter profit fell 89 percent as the investment bank posted its first loss in two years. Societe Generale fell as much as 3.8 percent in Paris trading after reporting net incom...16/02/2012 14:05:42http://www.cc.com.mt/en/newsdetails/International/socgen-profit-drops-20120216AXA reported in-line underlying earnings, reporting €3901m vs consensus €3931m. The miss on net income was driven by goodwill write-down in the US from acquiring AXA’s minority interests. Current year combined ratio improved from 102.6% to ...16/02/2012 12:51:15http://www.cc.com.mt/en/newsdetails/International/axa-reported-in-line-underlying-earnings-20120216Opening calls are indicating a lower open in Europe. The Rating agency Moody' warned on Thursday that it may cut the credit ratings of 17 global and 114 European Financial Institutions. In Asia overnight, equities and European stock futures...16/02/2012 08:34:37http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120216European markets are called to open higher this morning ahead of a number of important economic growth figures.In Asia, markets are trading higher as China pledges help to Europe.U.S. stocks recovered from earlier losses late Tuesday to clo...15/02/2012 08:32:55http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120215The Board of Directors of Corinthia Finance p.l.c. (the “Company”) announces that it has submitted an application to the Listing Authority of the Malta Financial Services Authority requesting the admissibility to listing of €7.5 million in...14/02/2012 14:24:37http://www.cc.com.mt/en/newsdetails/Local/corinthia-finance-plc-10-year-new-bond-issue-20120214Europcar announced last night that it has appointed a new CEO, replacing Philippe Guillemot (CEO since April 2010) with Roland Keppler, the head of Europcar Germany since 2009 and formerly CEO of TUIfly. In order to strengthen the board, th...14/02/2012 12:45:02http://www.cc.com.mt/en/newsdetails/International/new-ceo-appointed-at-europcar-20120214European calls are indicating a lower open this morning amid various dowmgrades by Moody'. Monday evening, the agency stated that it may cut the triple-A ratings of France, the United Kingdom and Austria.In Asia, the Nikkei average is trad...14/02/2012 08:38:03http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120214Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal and said it may strip France and the U.K. of their top Aaa ratings, citing Europe’s debt crisis. Spain was downgraded to A3 from A1...14/02/2012 08:37:57http://www.cc.com.mt/en/newsdetails/International/italy-spain-ratings-cut-by-moody’s-uk-rating-at-risk-20120214In Europe, opening calls are indicating a higher open as Greece remains in focus.The Hang Seng and Nikkei averages are trading higher in Asia.In the US, Investors have a full slate of data on the U.S. economy to sift through this week, whic...13/02/2012 08:43:37http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120213Good set of results. Revenues are up c. 14% beating estimates of +6% and operating income is up 7% versus consensus of 1.5%. The growth is mainly driven by strong volume development across the regions including Europe barring the Af-Med reg...09/02/2012 09:06:35http://www.cc.com.mt/en/newsdetails/International/heidelberg-good-set-of-results-20120209Opening calls are indicating a flat open in Europe amid Greece debt talks.Asian stocks erased losses on speculation euro area finance ministers meeting today will approve a second financing accord for Greece. In the US, the Dow Jones indust...09/02/2012 08:42:52http://www.cc.com.mt/en/newsdetails/International/market-news-20120209SKG (Ba2/BB/BB+) reported another set of decent numbers that were in line with estimates. Sales were +4% yoy at EUR1,819m with EBITDA -5% yoy at EUR245m. The company generated EUR199m of FCF during the quarter as a result of seasonal workin...08/02/2012 11:26:26http://www.cc.com.mt/en/newsdetails/International/smurfit-kappa-4q11-results-show-continued-fcf-20120208Sappi (Ba2/BB/BB) reported a fairly weak set of 1Q12 results in terms of volumes, although EBITDA was a touch better than most estimates as a result of lower input costs. Sales were -15% yoy with volumes -10% with declines across the board....08/02/2012 11:24:28http://www.cc.com.mt/en/newsdetails/International/sappi-1q12-results-weaker-but-in-line-with-expectations-20120208Russian billionaire Roustam Tariko is sending yields on the bonds of Poland’s second-biggest vodka producer to a six-month low by offering to swap his holdings of the company’s bonds into equity.Central European Distribution Corp.’s 430 mil...07/02/2012 10:11:44http://www.cc.com.mt/en/newsdetails/International/billionaire-tariko’s-vodka-stake-push-spurs-cedc-20120207European Markets are indicating a flat open this morning.Shares in Asia are trading flat with the Nikkei Average slightly in the red.U.S. stocks hovered below the breakeven line throughout the trading day Monday, as investors anxiously awai...07/02/2012 08:52:40http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120207Opening calls are indicating a flat open in Europe as talks between Greece and its lenders continue.In the US, Stocks surged last week to their highest levels in years, but there are few key economic reports slated for the week ahead to sus...06/02/2012 08:56:29http://www.cc.com.mt/en/newsdetails/International/morning-brief-20120206(Reuters) - Commodities trader Glencore International (GLEN.L) is set to offer a bigger-than-expected premium to seal its proposed $88 billion merger with global miner Xstrata Plc (XTA.L), the Financial Times reported on Monday.Under the te...06/02/2012 08:32:25http://www.cc.com.mt/en/newsdetails/International/glencore-offers-8-percent-premium-to-xstrata-to-seal-deal-20120206European MarketsOpening calls are indicating a flat open.Asian MarketsThe Hang Seng is trading flat in the current session.US MarketsU.S. stocks ended mixed Thursday as investors digested a cautious economic outlook from the chairman of the...03/02/2012 08:44:49http://www.cc.com.mt/en/newsdetails/International/market-news-20120203Facebook Inc., the social- networking website that in eight years changed the way the world communicates, filed to raise $5 billion in the largest Internet initial public offering on record.Facebook, whose meteoric rise spawned an Oscar-win...02/02/2012 13:43:58http://www.cc.com.mt/en/newsdetails/International/facebook-files-to-raise-5-billion-in-ipo-20120202European MarketsOpening calls are indicating a flat openAsian MarketsAsian stocks rose for a third day after data showed a global expansion in manufacturing and Nomura Holdings Inc.’s unexpected profit increase boosted financial shares. Asi...02/02/2012 08:24:42http://www.cc.com.mt/en/newsdetails/International/market-news-20120202Bondholders negotiating a debt swap with Greece may get a sweetener tied to a revival in economic growth that would ease the impact of accepting a lower interest rate on the new bonds, people with knowledge of the talks said. In discussions...01/02/2012 12:14:02http://www.cc.com.mt/en/newsdetails/International/greek-bondholders-may-get-gdp-sweetener-20120201European MarketsOpening calls are indicating a flat open.Asian MarketsAsian stocks fell, erasing an early rally, after companies cut profit forecasts and data showed weakening economic growth across the region.US MarketsU.S. stocks traded i...01/02/2012 08:44:14http://www.cc.com.mt/en/newsdetails/International/market-news-20120201European MarketsOpening calls are indicating a higher open after European Union heads of government backed plans for greater fiscal integration in Europe at the first major summit of 2012.Asian MarketsAsian stocks rose, heading for the firs...31/01/2012 08:40:00http://www.cc.com.mt/en/newsdetails/International/market-news-20120131Yesterday, Fitch downgraded Thomas Cook’s rating to B from BB-. The ratings were placed on Watch Negative in November 2011. The outlook assigned to the current B rating is Negative. The downgrade reflects Thomas Cook’s higher operational an...31/01/2012 08:09:44http://www.cc.com.mt/en/newsdetails/International/fitch-downgrades-thomas-cook-to-b-with-negative-outlook-20120131European MarketsOpening calls are indicating a lower open this morning.Asian MarketsAsian stocks fell, with a regional benchmark index dropping from a three-month high, ahead of a European summit on the region’s debt crisis and after the U....30/01/2012 08:41:49http://www.cc.com.mt/en/newsdetails/International/market-news-20120130A number of media sources are reporting that Facebook will file for an initial public offering this week.Apparently, Morgan Stanley is to be the lead underwriter. Goldman Sachs is also expected to play a major role.Facebook, with its 800 m...30/01/2012 08:18:48http://www.cc.com.mt/en/newsdetails/International/facebook-ipo-is-nigh-should-you-buy-20120130The Treasury today announced the prices of the 3 new Malta Government Stocks for a total aggregate amount of EUR150 million subject to an over-allotment option of up to a further EUR150 million.The 3 new stocks are:(i) 4.25% MGS 2017 (III) ...27/01/2012 16:56:00http://www.cc.com.mt/en/newsdetails/Local/malta-government-stock-prices-announced-20120127European MarketsOpening calls are indicating a lower open this morning.Asian MarketsThe Hang Seng and Nikkei averages are trading flat in the current session.US MarketsU.S. stocks ended in the red Thursday as investors digested a mixed batc...27/01/2012 08:39:41http://www.cc.com.mt/en/newsdetails/International/market-news-20120127Caterpillar Inc., the largest construction and mining-equipment maker, posted fourth-quarter earnings and forecast full-year profit that topped analysts’ estimates as demand rose for shovels and trucks. Fourth-quarter net income rose to $2....26/01/2012 16:47:59http://www.cc.com.mt/en/newsdetails/International/caterpillar-profit-beats-estimates-on-mining-20120126European MarketsOpening calls are indicating a higher open this morning.Asian MarketsThe Hang Seng average is trading higher in the current session.US MarketsU.S. stocks shaved early losses and ended higher Wednesday afternoon after the Fed...26/01/2012 08:40:00http://www.cc.com.mt/en/newsdetails/International/market-news-20120126Apple Inc. ’s quarterly profit more than doubled as surging demand for the iPhone and iPad cemented its role as the most valuable technology company and ramped up pressure on rivals Google Inc. and Samsung Electronics Co. Net income of $13....25/01/2012 10:45:01http://www.cc.com.mt/en/newsdetails/International/apple-profit-more-than-doubles-on-iphone-20120125European MarketsOpening calls are indicating a higher open this morning.Asian MarketsThe Nikkei Average is trading higher in the current session.US MarketsU.S. stocks ended mostly in the red Tuesday as investors awaited progress on Greek de...25/01/2012 08:43:45http://www.cc.com.mt/en/newsdetails/International/market-news-20120125Charles Dallara, managing director of the Institute of International Finance, said he’s hopeful of finding “common ground” on a Greek debt swap as European finance ministers pushed for greater concessions from the country’s private creditor...24/01/2012 17:11:24http://www.cc.com.mt/en/newsdetails/International/dallara-‘hopeful’-of-finding-common-ground-on-greece-20120124European MarketsOpening calls are indicating a lower open this morning.Asian MarketsThe Nikkei Average is trading lower in the current session.US MarketsU.S. stocks closed the day flat, after drifting above and below the break even line Mon...24/01/2012 08:43:39http://www.cc.com.mt/en/newsdetails/International/market-news-20120124The Maltese Government this morning announced the issue of €150,000,000 Fixed Rate Malta Government Stock.The proposed securities are the following: 4.25% MGS (Third Issue) - Fungibility Issue Maturing in 20174.3% MGS (Second Issue) - Matur...23/01/2012 15:42:00http://www.cc.com.mt/en/newsdetails/Local/malta-government-stocks-issue-20120123European MarketsOpening calls are indicating a flat open this morning.Asian MarketsThe Hang Seng average is closed for the Chinese New Year of the Dragon.US MarketsAfter three weeks of gains, investors could be in for a choppy week ahead, a...23/01/2012 08:36:32http://www.cc.com.mt/en/newsdetails/International/market-news-20120123S&P reduced Europcar’s corporate rating by one-notch yesterday. The corporate family rating was lowered from B+ to B, the 2017 notes from B+ to B, and the 2013 and 2018 subordinated notes from B- to CCC+. The outlook on all Europcar bon...20/01/2012 10:51:10http://www.cc.com.mt/en/newsdetails/International/europcar-sp-downgrades-credit-rating-one-notch-20120120European MarketsOpening calls are indicating a flat open this morning.Asian MarketsThe Hang Seng average is trading higher in the current session.US MarketsU.S. stocks advanced for a third straight session Thursday, rising to fresh six-mont...20/01/2012 08:36:39http://www.cc.com.mt/en/newsdetails/International/market-news-20120120European stocks gained for a fourth day, extending a five-month high for the Stoxx Europe 600 Index, as Spain and France sold bonds at lower yields and fewer Americans than forecast filed claims for jobless benefits.Commerzbank AG led a ral...19/01/2012 15:36:20http://www.cc.com.mt/en/newsdetails/International/market-update-20120119European MarketsOpening calls are indicating a higher open this morning.Asian MarketsThe Hang Seng average is trading higher in the current session.US MarketsU.S. stocks advanced to six-month highs Wednesday as investors welcomed the Intern...19/01/2012 08:34:01http://www.cc.com.mt/en/newsdetails/International/market-news-20120119Yesterday, FMC successfully issued USD 1.5 bn of senior unsecured bonds. The offering consists of two tranches: a) USD 800 mn of 5.625% bonds due July 2019 and b) USD 700 mn of 5.875% of bonds due January 2022. The bonds are issued by Frese...18/01/2012 08:29:36http://www.cc.com.mt/en/newsdetails/International/fresenius-medical-care-issues-usd-1-5-bn-of-bonds-20120118Yesterday, Ardagh announced that it will issue USD 160 mn of 7.375% senior secured notes due 2017 and USD 250 mn of senior notes due 2020, the proceeds of which will be used to fund acquisitions (including Boxal), to repay existing debt, or...18/01/2012 08:27:17http://www.cc.com.mt/en/newsdetails/International/ardagh-glass-issues-notes-to-tap-into-existing-issues-20120118Carnival Corp.’s Italian unit is racing to prevent its crippled cruise liner from spewing 2,300 tons of fuel into Europe’s biggest marine park, as the search continues for 29 missing passengers and crew members. Costa Crociere SpA, whic...17/01/2012 08:42:36http://www.cc.com.mt/en/newsdetails/International/costa-races-to-remove-fuel-20120117European MarketsOpening calls are indicating a higher open this morning. Yesterday evening after European markets closed, S&P cut the ratings on the EFSF to AA+Asian MarketsAsian Stocks are trading higher this morning on speculation tha...17/01/2012 08:34:36http://www.cc.com.mt/en/newsdetails/International/market-news-20120117European MarketsOpening calls are indicating a lower open this morning following various downgrades by S&P. Among countries downgraded there is France, who lost its triple A rating on Friday.Asian MarketsAsian Stocks are trading lower i...16/01/2012 08:19:36http://www.cc.com.mt/en/newsdetails/International/market-news-20120116On Friday, S&P revised Ineos’ rating outlook to Stable from Positive due to expectations of a weak operating performance driven by the deteriorating economic outlook in Europe and resultant pressure on cracker margins. The agency highli...16/01/2012 07:58:55http://www.cc.com.mt/en/newsdetails/International/sp-revises-rating-outlook-to-stable-from-positie-20120116European MarketsOpening calls are indicating a higher opening this morning.Asia MarketsThe Nikkei is trading higher in the current session.US MarketsStocks managed to close the day slightly higher on Thursday.Investors grew concerned about ...13/01/2012 08:34:03http://www.cc.com.mt/en/newsdetails/International/market-news-20120113Yesterday, Ineos provided a relatively healthy market update for January. Operating rates and cracker product contract prices are both up. More importantly, sentiment in the polymers space has turned positive, following a significant declin...13/01/2012 08:33:24http://www.cc.com.mt/en/newsdetails/International/ineo-provides-a-relatively-healthy-market-update-20120113Yesterday, Ineos provided a relatively healthy market update for January. Operating rates and cracker product contract prices are both up. More importantly, sentiment in the polymers space has turned positive, following a significant declin...13/01/2012 08:33:24http://www.cc.com.mt/en/newsdetails/International/ineos-provides-a-relatively-healthy-market-update-20120113Today, HeidelbergCement officially inaugurates a new cement mill at its plant in the seaport Chittagong. The ball mill has a grinding capacity of about 0.8 million tonnes. The investment costs amount to approximately US$16 million. Test run...12/01/2012 11:56:28http://www.cc.com.mt/en/newsdetails/International/heidelbergcement-opens-new-cement-mill-in-bangladesh-20120112European MarketsOpening calls are indicating a slightly higher opening.Asian MarketsThe Hang Seng is trading flat in the current session, and the Nikkei is trading lower.US MarketsU.S. stocks recovered from earlier losses to end little chan...12/01/2012 08:48:21http://www.cc.com.mt/en/newsdetails/International/market-news-20120112Aluminum prices may rise to as much as a six-month high by the end of the quarter as processing companies replenish inventory to meet a rebound in demand, said Vedanata Resources Plc, India’s biggest producer. Prices may climb to as muc...11/01/2012 10:20:21http://www.cc.com.mt/en/newsdetails/International/aluminum-may-rise-to-six-month-high-this-quarter-vedanta-20120111Traffic figures for December released this morning showed passenger numbers back in positive growth for the first time in 3 months. Post adjustment for the impact of the snow interruptions in 2010 overall passenger figures were up 0.6% for ...11/01/2012 10:18:28http://www.cc.com.mt/en/newsdetails/International/baa-–-traffic-returns-to-growth-in-december-20120111European MarketsOpening calls are indicating a flat open this morning.Asian MarketsThe Nikkei and Hang Seng averages are trading flat in the current session.US MarketsU.S. stocks advanced Tuesday, on the back of gains in global markets, as ...11/01/2012 08:42:09http://www.cc.com.mt/en/newsdetails/International/market-news-20120111Icahn Enterprises sold $500mm in new bonds last Friday adding to the 8% '18 issue. The deal was upsized from $350mm to $500mm. The new 144a issue priced at a slight discount to the public issue...which is currently trading at the hig...11/01/2012 08:27:09http://www.cc.com.mt/en/newsdetails/International/icahn-enterprises-sold-500mm-in-new-bonds-last-friday-20120111Apple Inc. moved a step closer to accessing 33 million potential iPhone customers in China, as regulators approved specifications for a device that would run on the network of China Telecom Corp. The China Radio Management Office granted...10/01/2012 16:13:28http://www.cc.com.mt/en/newsdetails/International/apple-moves-closer-to-offering-iphone-for-china-telecom-20120110European MarketsOpening calls are indicating a higher open.Asian MarketsAsian stocks climbed, with China shares set for the biggest three-day gain in a year, amid speculation that policy makers may act to spur growth in the world’s second-...10/01/2012 08:36:47http://www.cc.com.mt/en/newsdetails/International/market-news-20120110Bombardier announced several new orders: i) it won an order from Deutsche Bahn to supply 90 new electric multiple units, with a total value of c. EUR 500 mn; ii) its UK operations were successful in a bid to supply 130 Electrostar train car...09/01/2012 09:07:14http://www.cc.com.mt/en/newsdetails/International/bombardier-wins-several-new-orders-20120109European MarketsOpening calls are indicating a flat open this morning.Asian MarketsThe Hang Seng is trading flat in the current session.US MarketsInvestors are gearing up for the unofficial start of corporate earnings season, but they'...09/01/2012 08:36:27http://www.cc.com.mt/en/newsdetails/International/market-news-20120109European MarketsEuropean Markets have opened lower this morning.Asian MarketsThe Nikkei and Hang Seng are trading lower in the current session.US MarketsStocks recovered from early losses to close mixed Thursday as investors weighed fears a...06/01/2012 09:16:52http://www.cc.com.mt/en/newsdetails/International/market-news-20120106The Treasury today issued a statement to announce the Malta Government Stocks Indicative Calendar for 2012.The Treasury announced that the amount of issuance of Malta Government Stock (MGS) for the financial year 2012 has been set not to ex...05/01/2012 15:28:17http://www.cc.com.mt/en/newsdetails/Local/malta-government-stocks-indicative-calendar-2012-20120105As president of EBay Inc’s PayPal unit, Scott Thompson used an eye for detail and a push into mobile payments to more than double revenue and boost the user base to more than 100 million. He’ll face a bigger challenge at the helm of Yahoo! ...05/01/2012 10:18:28http://www.cc.com.mt/en/newsdetails/International/yahoo’s-new-ceo-aims-at-turnaround-as-outlook-dims-20120105Eurpean MarketsOpening calls are indicating a flat open this morning.Asian MarketsThe Hang Seng is trading lower in the current session.US MarketsU.S. stocks clawed back from earlier losses to close mixed Wednesday amid renewed concerns abo...05/01/2012 08:18:59http://www.cc.com.mt/en/newsdetails/International/market-news-20120105The Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting. The first forecast will be included in the ce...04/01/2012 08:18:05http://www.cc.com.mt/en/newsdetails/International/fed-to-start-forecasting-changes-in-interest-rates-20120104Greece will have to leave the eurozone if it fails to clinch a deal on a second, 130 billion euro bailout with its international lenders, a government spokesman said on Tuesday. It was an unusually public stark warning from the embattled co...04/01/2012 08:06:37http://www.cc.com.mt/en/newsdetails/International/greece-will-leave-euro-if-second-bailout-fails-20120104European MarketsOpening calls are indicating a slightly lower opening this morning.Asian MarketsThe Nikkei average is trading higher in the current session.US Markets U.S. stocks rallied Tuesday, kicking off the new year on a high note, as ...04/01/2012 08:03:44http://www.cc.com.mt/en/newsdetails/International/market-news-20120104