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  • European Commission and EIF launch guarantee scheme

    European Commission and EIF launch guarantee scheme

    The European Commission and the European Investment Fund (EIF) launched a €121 million guarantee initiative to support SMEs in the cultural and creative sectors via financial institutions. This scheme is expected to create more than €600 million...

  • Playmobil FunPark reopens following €350,000 investment

    Playmobil FunPark reopens following €350,000 investment

    The Playmobil FunPark, located outside the plant’s premises in the Ħal Far Industrial Estate, is reopening its doors following a €350,000 investment by German toys manufacturing company Playmobil. “Over the years, we are pleased to have been a...

  • EC featured in Queen’s birthday publication

    EC featured in Queen’s birthday publication

    A Maltese-owned company, EC English Language Centres, was featured in the official commemorative album for the Queen’s 90th birthday celebration. The Queen at 90 is a limited-edition publication created for the celebrations held at Windsor Castle...

  • New website for Fexserv

    Fexserv Financial Services Ltd has launched a new website (www.fexserv.com) providing daily exchange rates and the possibility for anyone to order travel money besides links to popular social media platforms as well as information on current...

  • SMS takes on Magic Rooms

    SMS has announced the merger of Magic Rooms and Holiday Malta. Holiday Malta is a UK tour operator, part of the SMS Group Ltd. It was formed over 40 years ago and is one of the leading Malta specialists in the UK. With brands such as Belleair and...

  • Visa Europe revamps Travel Tools app

    Visa Europe has updated its Travel Tools app, the mobile travel companion which provides fast and easy access to Visa travel-related tools and information including an ATM locator, currency converter, assistance if the card is lost or stolen and...

  • Ryanair boosts Christmas schedules

    Ryanair has over 4,500 extra flights across its European network for the Christmas holidays, with over 850,000 additional seats for travel between December 17 and January 8, now on sale on the Ryanair.com website. Ryanair customers can choose from...

  • Two new corporate bond issues each at four per cent per annum

    MIDI plc and International Hotel Investments plc have obtained approval for the issuance of two new secured bonds. Applications for preferred applicants have been mailed by the issuers, whereas applications for the general public will be made...

  • Oil prices fall as oversupply concerns return to centre stage

    Oil prices eased yesterday as the market’s focus returned to oversupply as production from Nigeria and Canada revived, and Opec output reached a record high in June. Despite yesterday’s losses, oil prices were on track for the first weekly gain in...

  • Bond yields sink as central banks eye easier policy

    Global stock markets climbed for a fourth day and government bond yields around the world hit their lowest levels in years yesterday, driven by the prospect of further cuts in interest rates and more central bank bond buying to support weak...

  • ECB is not debating abandoning capital key in QE buys – sources

    ECB is not debating abandoning capital key in QE buys – sources

    The European Central Bank is not currently considering buying government debt out of proportion to eurozone countries’ shareholding in the bank and the hurdle for abandoning this capital key is high, sources close to the ECB said yesterday. Bond...

  • Share index posts best week this year

    The share index trended higher for the third consecutive trading session today to reach the highest level in two months of 4,578.915 points (+0.38 per cent). The local equity index registered its best weekly performance this year with a rise of...

  • Brexit = Uncertainty

    The newspaper The Economist described the result of last week’s referendum in the UK on the country’s membership of the European Union as a “self-inflicted blow”. Since the announcement of the result, financial markets have been very restless with...

  • Lufthansa and cabin crew reaches deal after intervention by mediator

    Lufthansa and cabin crew reaches deal after intervention by mediator

    Lufthansa and its main cabin crew union have reached a deal in a long-running dispute over pay, conditions and pensions, they said yesterday, a boost for the carrier which is also negotiating with pilots. The deal was achieved thanks to a...

  • Oil falls towards $50 on higher supply outlook

    Oil fell towards $50 a barrel yesterday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week. Returning Nigerian supply will put pressure on prices, Goldman...

  • Commission proposes 2017 budget

    Commission proposes 2017 budget

    The European Commission yesterday proposed the 2017 draft EU Budget of €134.9 billion in payments focusing on the two main policy priorities for Europe: supporting the ongoing recovery of the European economy and addressing security and...

  • Equities rise while bond yields subdued as more stimulus seen

    World stocks rose for a third day although bond yields remained subdued, reflecting concerns about the global economy and expectations for more stimulus from central banks, as the Bank of England raised the prospect of more bond buying. Markets...

  • Share index climbs to six-week high

    The share index advanced by a further 0.59 per cent to reach a six-week high of 4,561.431 points on weak volumes largely driven by the positive performance of BOV and Lombard which outweighed the declines in the share prices of MaltaPost and...

  • Schaeuble eyes strict EU budget rules, smaller Commission after Brexit – paper

    Schaeuble eyes strict EU budget rules, smaller Commission after Brexit – paper

    Stricter budget rules for European Union states and a downsized European Commission are part of a post-Brexit reform plan for the bloc drafted by aides for German Finance Minister Wolfgang Schaeuble, the Handelsblatt daily reported yesterday. The...

  • Market infrastructure coped well with Brexit fallout - EU watchdog

    The European Union’s financial markets “coped well” with fallout from Britain’s decision last week to leave the bloc, with no extraordinary measures needed by regulators, the EU’s top securities watchdog said yesterday. Markets fell sharply last...