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  • BOV regains €2.23 level

    BOV regains €2.23 level

    Trading activity across the equity market today was weak as the session was shortened due to technical problems. The share index gained 0.3 per cent to 3,304.642 points as a result of the upturn in BOV while the other four active equities closed...

  • Observations on the Maltese labour market

    This week I met an employer who told me about the difficulties he is encountering to recruit suitable Maltese employees. We immediately got into a discussion covering various aspects related to the economy. They are aspects which I would like to...

  • Shell beats third-quarter forecasts, adds to sector’s upbeat quarter

    Shell beats third-quarter forecasts, adds to sector’s upbeat quarter

    Royal Dutch Shell quarterly profit rose by almost a third, beating forecasts and adding to what has been a robust three months for European oil majors, who have yet to feel the full impact of a sharp drop in oil prices. Europe’s biggest oil...

  • Investment registration scheme extended

    Legal Notice 382 of 2014, published on October 14, has extended the Investment Registration Scheme by two months, from its original September 30, 2014 deadline until November 30, 2014, thus giving the afore-mentioned persons a further opportunity...

  • Dollar surges as Fed ends QE on hawkish note

    The dollar surged to a three-week high and government bond yields rose yesterday, one day after the US Federal Reserve took a more hawkish tone in its assessment of the economy as it announced the end of its six-year bond-buying programme. Global...

  • Lufthansa cuts 2015 profit goal

    Germany’s Lufthansa has lowered its profit guidance for 2015 for the second time this year, due to a stuttering global economy and falling ticket prices, and said any further strikes could also impact the target for this year. The airline,...

  • Company briefs

    Customers who sign up for Go’s Limitless Home Pack Interactive bundle will be given their first month’s subscription for free, and a three-month free upgrade to 35Mbps internet. The offer applies to new customers as well as existing Go customers...

  • Long-awaited results of AQR and stress tests out

    Long-awaited results of AQR and stress tests out

    The long-awaited results of the Asset Quality Review (AQR) conducted by the European Central Bank and the stress tests of the European Banking Authority were released last Sunday at noon. A total of 130 banks across Europe were subject to this...

  • Air France-KLM facing more belt-tightening as pilots strike

    Air France-KLM facing more belt-tightening as pilots strike

    Air France-KLM said it would limit investments and accelerate cost controls next year to mop up the remaining impact of a recent pilots’ strike that helped slash its operating profit by more than half in the third quarter. Europe’s second-largest...

  • Facebook spending gets thumbs up from analysts

    Another day, another quarterly report from a technology company that disappointed investors. Facebook Inc’s shares were set to open about 6 per cent lower yesterday, a day after the company revealed aggressive spending plans for 2015. But analysts...

  • Banks see upswing in loan demand across eurozone

    Banks see upswing in loan demand across eurozone

    Around one in five banks across the eurozone expect companies to approach them for more credit as the year draws to a close, with those in Germany and France most optimistic, the European Central Bank said yesterday. The upbeat forecast bodes well...

  • Dollar rallies after a more upbeat Fed statement

    US stocks were mixed, while the dollar and government bond yields rose yesterday, after the Federal Reserve announced the end of its stimulus programme in a statement that also notedthe improvements in the US labor market. The Fed, as expected,...

  • Shipping movements

    The following ships are expected in Malta: The Kasif Kalkavan from Varna to Avcilar and the Hansa Narvik from Alexandria to Mersin (both Carmelo Caruana Co. Ltd) today. The Kapalua Kontor (ex-DS Accuracy) from Trapani to Catania, the Fas Dammam...

  • Share index declines on large caps

    Share index declines on large caps

    The share index again trended lower following further declines in the share prices of the largest equities by market capitalisation. The local equity benchmark shed a further 0.7 per cent during this morning’s session to drop back to a fresh...

  • BP posts slump in Russian income but raises dividend

    BP posts slump in Russian income but raises dividend

    BP’s third-quarter results took a hit from declining oil prices and a sharp drop in income from Russia as Western sanctions on Moscow led to a slump in earnings from the oil major’s local partner, Kremlin-controlled Rosneft. BP’s overall profits...

  • Pfizer beats sales and profit forecasts, mum on future deals

    Pfizer Inc. reported stronger-than-expected quarterly results, helped by growing sales of its cancer drugs and demand for its medicines in emerging markets, but did not signal any acquisition plans in the wake of its recent failed efforts to buy...

  • Dutch arm of Air France-KLM to shed 7,500 jobs

    Dutch arm of Air France-KLM to shed 7,500 jobs

    The Dutch arm of Air France-KLM plans to cut its workforce by 7,500 jobs, or 25 per cent, largely through outsourcing, a Dutch daily newspaper reported yesterday. The measure is expected to be announced at the release of quarterly earnings by the...

  • Anti-competitive conduct in the telecoms market

    €39 million was recently imposed by the European Commission on ST and its parent company, Deutsche Telekom AG, for anti-competitive conduct in the Slovak telecoms market for broadband services. The Commission’s message is loud and clear. It will...

  • Global stocks rise as bond prices ease

    Global equity markets rose and bond prices eased yesterday on solid corporate earnings on both sides of the Atlantic and an upbeat US consumer confidence report that more than made up for weak American housing and indus-trial data. Outside of...

  • Under full capital rules, 36 EU banks would have failed test

    Under full capital rules, 36 EU banks would have failed test

    Europe’s banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital rules were fully applied. The eurozone is lagging behind countries...