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Features

  • Middlesea Insurance returns to profits

    Middlesea Insurance returns to profits

    The 2010 half-year results published by Middlesea Insur­ance plc on August 12 must have been welcome news for shareholders as the financial statements show that the group returned to a profitable position after it rid itself of the Italian...

  • Disappointing data releases as gold remains bullish

    Since last week, a disappointing US unemployment figure, a negative Philadelphia Fed index from the US, and a lower than expected Canadian leading indicator release have renewed concerns about the mid-term prospects of the global recovery. Also...

  • The benefits of having an EHIC

    The benefits of having an EHIC

    Recent statistics published by the European Commission indicate that only 37 per cent of the EU population holds a European Health Insurance Card. Closer to home, these same statistics show that as, at end 2008, only 33.7 per cent of the Maltese...

  • Insurance guarantee schemes proposal

    Insurance guarantee schemes proposal

    Insurance undertakings are exposed to a range of risks, which can lead to failure if inadequately managed and controlled. Although infrequent due to the prudential requirements applying to EU insurers under the insurance framework directives, the...

  • RS2 Software plc on the road to recovery

    RS2 Software plc on the road to recovery

    RS2 Software plc published its half-year results last week and although re­venues only in­creased by 5.7 per cent, group profit for the period climbed 41.4 per cent to €286,708 mainly due to a sharp rise in ‘other income’ of €120,395. Other income...

  • Markets’ doubts on the efficacy of fiscal stimulus re-emerge

    In a time of massive Keynesian stimulus and with the heightened concerns over the direction of inflation, it is difficult not to note the relevance of Keynes’s famous statement “in the long run, we are all dead”. It is often taken to imply that...

  • More protection for bank deposits

    More protection for bank deposits

    Bank customers are set to enjoy enhanced protection should their bank go bankrupt. In virtue of a recent proposal made by the European Commission, changes are being envisaged to current EU laws which already guarantee that consumers do not remain...

  • Improved sentiment towards the eurozone

    Improved sentiment towards the eurozone

    A few weeks ago the euro was hitting the news headlines as it declined to a four-year low against the US dollar (€1/ $1.19) amid widespread fear that Greece would have to default on its debt, and possible contagion among other severely indebted...

  • BOJ holds off new measures; China on course for 11% growth

    BOJ holds off new measures; China on course for 11% growth

    As widely expected, the Bank of Japan kept interest rates at 0.1 per cent earlier this week. Over a two-day meeting which ended on Tuesday, the BOJ reached a unanimous vote to hold off on new measures to battle a stronger yen. The BOJ would be...

  • New legislation covering self-employed workers

    New legislation covering self-employed workers

    Working prac­tices of self-employed workers have, in large part, been left un­regulated although in­dependent employment repre­sents a signi­ficant part of employment in the EU. This is true both in relation to working conditions and state...

  • Record half-year profits at MIA

    Record half-year profits at MIA

    The interim financial results published by Malta International Airport plc last Friday show that the company registered a 7.9 per cent increase in revenue to €22.2 million and a record half-year pre-tax profit figure of €5.6 million, an increase...

  • Fed to consider putting more money into bond market – report

    Fed to consider putting more money into bond market – report

    The US dollar fell to multi-month lows against major currencies earlier this week, stung by speculation that US interest rates will stay low, while technical factors kept the currency under selling pressure. The US dollar index, a measure of its...

  • Crimsonwing reports marginal loss in FY March 10

    Crimsonwing reports marginal loss in FY March 10

    Earlier this week, the IT services company Crimsonwing plc published its March 2010 Annual Report and convened a stockbrokers meeting which was addressed by CEO David Walsh. The financial results show a 1.7 per cent increase in revenue to €12.3...

  • Registering a superyacht

    The uncertain economic times recently faced by the industry together with the increasingly safety and security sensitive environment have instilled a greater awareness and sensitivity among owners choosing a jurisdiction for registering their...

  • Euro support and trading after the stress test results

    European banks’ stress tests are out of the way now, but what effect did they have? At a first glance, comparing the actual results with what was being expected; the actual figures revealed seven banks out of the 91 tested failed the test – and...

  • New rights for boat passengers

    New rights for boat passengers

    Passengers travelling by ferry or going on a cruise will soon get to enjoy new rights when travelling anywhere within the European Union. Following the approval by the European Parliament of a proposed new law, boat passengers are set to enjoy...

  • Online gambling legislation under scrutiny

    Online gambling legislation under scrutiny

    Entering the virtual world of betting from the comfort of one’s home has made online gambling ex­tremely attractive, with a resultant surge in its popularity across the globe. In tandem, gaming policies have been adopted to promote a healthy and...

  • Excess demand for corporate bonds spills into secondary market

    Excess demand for corporate bonds spills into secondary market

    Investor appetite for fixed interest securities is very evident from the huge success registered in the many bond issues that have taken place in recent months. In addition to the two issues of Malta Government Stocks in February and May, 10...

  • Euro defends gains, investors focus on bank stress tests

    The week started off negatively for the eurozone, as on Monday morning Moody’s rating agency cut Ireland’s credit rating by one notch to Aa2. The agency warned of the country’s weak growth, as the cost of rescuing its banking sector keeps growing.

  • Panta Contracting in €15m Tripoli project for World Islamic Call Society

    Panta Contracting in €15m Tripoli project for World Islamic Call Society

    Panta Contracting Overseas, the Libyan-registered arm of Msida-based Panta Lesco, is undertaking a €15 million project for the World Islamic Call Society in Tripoli.The project, which sits on a footprint equivalent to eight football pitches with a...

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