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  • HSBC, GO lift share index into positive territory

    Following the negative start to this week, the share index rebounded during this morning’s session with a 0.1 per cent uplift to 3,744.360 points on the back of increases in the share prices of HSBC and GO. The equity of HSBC reversed yesterday’s...

  • Talks with Greece have gained momentum but still long way from target – IMF

    Talks with Greece have gained momentum but still long way from target – IMF

    Global lenders’ negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund’s European head told a German newspaper. Athens has been...

  • Irish budget deficit fell to 4.1% at end-2014

    Ireland’s budget deficit fell to 4.1 per cent of gross domestic product at the end of 2014, well under an EU-set target of 5.1 per cent as it moves towards cutting it below 3 per cent by the end of this year. The deficit fell from 5.8 per cent at...

  • Money market report for the week ended April 17

    On Wednesday, April 15, the Governing Council of the European Central Bank decided that the interest rates on the main refinancing operations (MRO), on the marginal lending facility and on the deposit facility will remain unchanged at 0.05 per...

  • Chinese President launching an economic link in Pakistan

    Chinese President launching an economic link in Pakistan

    Chinese President Xi Jinping arrived in Pakistan yesterday to launch $46 billion in projects linking the allies, a figure that would far exceed US spending in Pakistan and underscores China’s economic ambitions in Asia and beyond. The...

  • The renminbi reaches the boardroom as usage climbs

    The renminbi (RMB) has become a topic of debate in more than a fifth (22 per cent) of company boardrooms around the world, just five years after China began to liberalise its currency, a survey from HSBC Commercial Banking shows. Outside Greater...

  • Lloyds says it would support Conservatives’ share sale plan

    Lloyds says it would support Conservatives’ share sale plan

    Lloyds Banking Group said it would support plans by Britain’s Conservative Party to sell some of the government’s remaining 22 per cent stake in the bank to retail investors. Finance Minister George Osborne said on Sunday he intended to sell...

  • Global shares gain on China stimulus as dollar rises

    Global equity markets snapped back yesterday from a worldwide decline the previous session on China’s steps to stimulate its economy and solid corporate earnings, while the euro weakened amid worries that Greece may default. European stocks...

  • Europe’s economic show of horrors

    Europe’s economic show of horrors

    I never cease to marvel how people get used to living in a state of economic turbulence and give little thought to the possible distress that could affect them if their political leaders failed to stir their countries out of troubled waters. The...

  • London stakes its claim as global bitcoin hub

    London stakes its claim as global bitcoin hub

    London, centre of the $5-trillion-a-day global currency market, now wants to be home to a controversial upstart – bitcoin. British authorities have come out in support of digital currencies in the name of promoting financial innovation, while...

  • ­­­Shipping movements

    The following ships are expected in Malta: The HH East from El Khoms to El Khoms, the Elbdeich from Skikda to Skikda, the Sena Kalkavan from Varna to Avcilar, the CMA CGM Orfeo from Fos-sur-Mer to Damietta, the CMA CGM Corte Real from Le Havre to...

  • Local quantitative easing picking up

    Local quantitative easing picking up

    The take-up of quantitative easing in Malta reached around 55 per cent of what was needed, after a surge in the past 10 days – but Central Bank Governor Josef Bonnici urged banks to negotiate on the sale of the government paper they hold to...

  • Mepa permits for homes recover slightly

    The number of permits for homes issued by Mepa went up by 8.6 per cent in 2014 – to 2,937 from 2,705 a year before – but still well below the peak of 11,343 seen in 2007, according to the Central Bank of Malta’s Annual Report. The number of...

  • Waiting list at Valletta Laguna

    Waiting list at Valletta Laguna

    Laguna Marina has already got a waiting list of almost 30 boats, after only one full year of operation, according to general manager Daniel Ashforth.The marina opened in 2013 and was a runaway success by last summer – and it is already building up...

  • Salaries in four-star hotels 15% lower than in five-star

    Salaries in four-star hotels 15% lower than in five-star

    Most salaries paid in the four-star hotel category are currently on average 15 per cent lower than those paid for the same positions in five-star hotels, according to Misco’s first edition of its salaries and benefits report for the four-star...

  • New charter airline set up

    New charter airline set up

    Airline Ali Europe is planning to set up in Malta, the fourth charter airline to do so over the past decades. The latest issue of Italian aeronautical magazine JP4 Aeronautica revealed that the new airline would have bases in Palermo, Parma and...

  • Overnight deposits becoming more popular

    There was an increase in 29 per cent in overnight deposits in 2014, which reached €8.4 billion, following an increase the previous year of 13.7 per cent. The increase was spread almost equally between households and non-financial corporations,...

  • Carmelo Caruana acquires agents for Fed Ex Express, GLS

    Carmelo Caruana acquires agents for Fed Ex Express, GLS

    Shipping and logistics company Carmelo Caruana Co. Ltd has acquired two Malta-based parcel service providers, Airsped Express Ltd and Global Parcels Ltd. Airsped Express Ltd is the Malta-nominated service contractor for Fed Ex Express, a brand of...

  • MCA consultation on FTTH

    The Malta Communications Authority (MCA) has published a consultation document outlining the way service providers may gain virtual access to the Fibre to the Home (FTTH) network where this is deployed by Go plc. This would allow a service...

  • Lecture on Bitcoin

    Arthur Rommes will deliver a talk on Bitcoin and its growing relevance and what the Bitcoin Embassy in the Netherlands is doing – hoping to jump-start a discussion on having a Bitcoin Embassy in Malta. He will focus on the association, technical...