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  • The billion-dollar fall of the house of Espirito Santo

    The billion-dollar fall of the house of Espirito Santo

    On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365...

  • Index gains as banks move higher

    The Malta Stock Exchange index closed higher for the first week in four as banking equities closed in positive territory. The positive sentiment surrounding the two major banks influenced seven other equities to close higher while five closed in...

  • Stocks and bond yields rise as ECB is seen on hold

    Global equity markets rose on a fresh round of strong US economic reports yesterday, while German bond yields edged up from record lows as expectations that the European Central Bank would ease monetary policy next week faded. Although eurozone...

  • Eurozone inflation dips in August

    Eurozone inflation dropped as expected to a fresh five-year low in August, data showed yesterday, but it was not likely to force the European Central Bank into immediate policy intervention next week. Consumer prices in the 18 countries using the...

  • UK banks forced to reopen 2.5m loan insurance mis-selling cases

    UK banks forced to reopen 2.5m loan insurance mis-selling cases

    Britain’s financial regulator said banks and other financial services companies had agreed to reopen two-and-a-half million loan insurance mis-selling complaints from 2012 and 2013 to make sure fair compensation was paid. The Financial Conduct...

  • Italy’s triple-dip recession confirmed as deflation looms

    Italy’s economy contracted in the second quarter as a drop in investments dragged the country back into recession, with falling consumer prices suggesting it also risked being sucked into a deflationary spiral. The figures underscore the...

  • Weekly currency report

    The week got off to a slow start with UK markets closed on Monday for a public holiday. Trade in currency markets heated up quickly as investors continued to digest comments at the end of the prior week from ECB’s Mario Draghi and the Federal...

  • RS2 Software reaches new all-time high

    RS2 Software reaches new all-time high

    The share price of RS2 Software plc advanced by 1.1% to a fresh all-time high of €2.75 across seven deals totalling 33,502 shares on the MSE today. Today’s rise followed the publication of the 2014 interim results which  showed the increasing...

  • An imbalance in the EU

    The European Union member states and, more specifically, the eurozone, are faced with a number of economic imbalances. The most notable ones are fiscal imbalances and external imbalances. However, the imbalance which I am referring to in the title...

  • Top 10 investment banks’ revenue falls 5%

    Top 10 investment banks’ revenue falls 5%

    Revenue at the world’s 10 largest investment banks fell five per cent in the first half of the year, as continued weakness in fixed income trading departments outweighed a strong rebound in advisory services on deals, new data showed...

  • The EU’s war of the cheeses

    Ten points to whoever knew that feta is not only a cheese made in Greece. Yes, that’s right, feta is not just Greek. The French, Germans and Danes also have a long history and tradition of producing feta cheese. This is the wonderful world of...

  • Stock and bond yields down as Ukrainian crisis escalates risks

    Stock markets around the world fell yesterday after Ukraine said Russia moved more troops into the country, escalating the risk of the region’s crisis spreading, as nervous investors shifted money into gold and US and German government bonds. The...

  • Samsung unveils smartwatch that can make calls

    Samsung unveils smartwatch that can make calls

    Samsung Electronics yesterday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm’s latest effort to find a new growth driver. The world’s biggest smartphone...

  • UK cancer drug fund gets extra £160 million

    UK cancer drug fund gets extra £160 million

    A fund that helps patients receive cancer medicines not routinely paid for by Britain’s state health service is to get an extra £160 million, although the government is also taking a tougher line on prices. The Cancer Drugs Fund will negotiate...

  • Company briefs

    Dhalia Real Estate Services has expanded its international network through a partnership agreement with leading international property brand Gascoignes International. Headquartered in London, Gascoignes International has a reach that spans the UK...

  • Positive session lifts MSE share index

    This morning’s trading session on the Malta Stock Exchange saw most of the active equities moving higher with the MSE Share Index advancing by 0.7% to a 1-week high of 3,295.832 points. Most notably, the equity of GO plc continued to trend higher...

  • Unpopular High Net Worth Individual Rules killed off

    Unpopular High Net Worth Individual Rules killed off

    The High Net Worth Individual Rules for EU nationals, those from the EEA and Swiss nationals, has been killed off by a legal notice. It has been replaced by a residency programme which has the same eligibility parameters as the Global Residence...

  • Ħaġar Qim exploratory well cost over $45 million

    Phoenicia Energy Company was granted a six-month extension until January 2015 in order to conclude testing on the findings of the Ħaġar Qim well. The well was abandoned in July because no reservoir was found. The extension was confirmed by Genel,...

  • €172 a day for short-lets in Sliema

    €172 a day for short-lets in Sliema

    Properties with a seaview in Sliema commanded an average of €172 a day for short-lets in August, according to a survey of online booking sites carried out by property management company Casa Rooms. Properties without a seaview in Sliema are being...

  • Malta losing out on rig stops because of monopolies

    Malta losing out on rig stops because of monopolies

    Malta could attract considerably more rigs for lucrative overhauls if the owners were given more leeway to outsource contracts, Jonathan Borg, the managing director of Bluhull Group, said. Rigs need overhauls every five years or so, with contracts...