Draghi signals ready to act, defends banker meetings
The head of the European Central Bank underlined on Thursday the bank's readiness to extend money printing, warning that a key measure of economic health -- price inflation -- was flagging. In remarks to [...]
ECB announces Christmas break for QEECB announces Christmas break for QE
The European Central Bank (ECB) said on Wednesday it would temporarily pause its massive bond-buying program between December 22 and January 1, resuming the purchases on January 4. The move is "in anticipation of [...]
European banks sitting on €1tn mountain of bad debt, survey finds
European banks are sitting on bad debts of €1tn – the equivalent to the GDP of Spain – which is holding back their profitability and ability to lend to high street customers and businesses. [...]
Account of the monetary policy meeting held in Malta on Thursday, 22 October 2015
Mr Cœuré reviewed recent financial market developments. Since the Governing Council’s previous monetary policy meeting on 2-3 September 2015, the main event for market participants had been a postponement of the expected first rate [...]
Computime reorganise, ex-banker is new chairman
Computime, one of Malta’s leading and longest established IT companies, has undergone a corporate reorganisation aimed at driving growth and consolidating governance. The company has also appointed Tony Mahoney, an ex-banker with HSBC, as [...]
Draghi says ECB’s bond-buying plan working better than expected
Mario Draghi said the European Central Bank’s quantitative-easing program is working better than expected, even though the institution will take longer than intended to reach its inflation goal. "We are satisfied with QE, as it [...]