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  • Tigne’ Mall recaptures all-time high

    The share index offset yesterday’s 0.16% decline as it rebounded by 0.19% to a four-day high of 4,470.812 points. As a result, in contrast to the losses registered in the previous two weeks, the local equity benchmark gained 0.63% during the last...

  • Cuba after Fidel Castro

    Last week I wrote about the developing scenario in the international economic environment following the election of Donald Trump as President of the United States. That developing scenario did not take into account the death of Cuban leader maximo...

  • China manufacturing heats up in November, inflation pressure builds

    China manufacturing heats up in November, inflation pressure builds

    Activity in China’s manufacturing sector grew more than expected in November, expanding at its strongest pace in more than two years, as the world’s second-largest economy picks up momentum heading into what promises to be a tumultuous 2017. After...

  • New chief officer for GO Business

    New chief officer for GO Business

    Christian Sammut has been appointed chief officer of telecoms company GO Business with effect from January 1.  The role is in addition to his current role of Chief Executive Officer of BM IT Limited, which is a fully owned subsidiary within the GO...

  • Philip Morris looks beyond cigarettes with launch of alternative products

    Philip Morris looks beyond cigarettes with launch of alternative products

    Philip Morris International, the world’s largest international tobacco company, said it could eventually stub out cigarette sales as it launched an alternative product in Britain. Underlining the regulatory pressures facing the tobacco industry, a...

  • Economic recovery being held back by low businessconfidence – Eurochambres

    Despite a slight drop in general business confidence, businesses expect a minor upturn in their prospects for 2017, according to the 24th annual Eurochambres Economic Survey (EES2017), based on responses from over 50,000 businesses from 24...

  • Malta fourth lowest R&D expenditure

    Malta fourth lowest R&D expenditure

    Malta had the fourth lowest R&D expenditure of the EU in 2015, at almost a third of the EU average. In 2005, Malta’s R&D expenditure was only 0.53 per cent of GDP – but while this went up to 0.77 per cent by 2015, it still lags well behind the EU...

  • Brent crude at 16-month high

    Brent crude futures surged to a 16-month high yesterday on the heels of Opec’s agreement a day earlier to cut output, while Treasury yields continued to climb following the weakest monthly performance for global bonds in almost 13 years. The...

  • FIMBank share price slips to a near 6-month low

    The share index edged 0.16% lower to 4,462.256 points today as the declines registered in six equities outweighed the gains in HSBC (+0.6%) and RS2 (+0.2%). Meanwhile, 6PM and Tigne’ Mall closed the day unchanged. Trading volumes improved as...

  • EU globalisation fears most acute in Austria and France

    EU globalisation fears most acute in Austria and France

    Fear of globalisation is the most important factor in pushing European citizens towards populist right-wing parties and those fears are most acute in Austria and France, a survey by Germany’s Bertelsmann Foundation showed yesterday. The study...

  • Populism has weakened European integration – Draghi

    The spread of populist movements was threatening European integration and efforts to find joint responses to immigration, security and other shared concerns, ECB president Mario Draghi said in an interview published yesterday. In some of his...

  • Lufthansa says pilot strikes cost it €10m-€15m a day

    Strikes by German pilots, which entered their sixth day this year, ere costing the German carrier about €10-15 million a day, a spokesman said yesterday. A further 890 flights were cancelled yesterday, with the walkout affecting short- and...

  • Oil jumps on Opec deal while bond rout resumes

    Oil jumped yesterday as Opec members clinched a deal to cut production, while upbeat US economic data and comments from the US Treasury Secretary nominee triggered a selloff in the bond market. Higher crude prices bolstered shares of energy...

  • Shipping movements

    These ships are expected in Malta: The OPS Hamburg from Annaba to Algiers, the CMA CGM Chopin from Damietta to Tilbury, the Corona J from Algiers to Skikda (all CMA CGM Malta Agency Ltd), the Seago Piraeus from Antwerp to Piraeus (Thomas Smith...

  • Malta last in insolvency rankings

    Malta last in insolvency rankings

    Malta has the most inefficient insolvency proceedings of all the EU member states, a damning report by the European Commission has revealed. The report coincides with new EU rules on business insolvency, aimed at increasing the opportunities for...

  • Accounts easier for companies with substance

    Accounts easier for companies with substance

    Companies which have economic substance in Malta would find it much easier to open accounts, the chairman of the Malta Bankers’ Association Mario Mallia said, responding to criticism that companies were finding it too hard to open accounts. “Where...

  • A ‘brand’ new association

    A ‘brand’ new association

    Two entrepreneurs have been working behind the scenes to persuade boutique hotel owners in Valletta to join forces – and are now ready to get things going. Jankarl Farrugia and Mark Weigard, who have both got significant investments in the...

  • Challenging year predicted

    Challenging year predicted

    A number of major projects – such as the logistics hub and the Mediterranean oil and gas hub – should take off in 2017 creating opportunities but there are also challenges. Express Trailers Franco Azzopardi Chairman and CEO The logistics hub...

  • Italian referendum to have modest impact

    Victory or defeat for Italian Prime Minister Matteo Renzi’s constitutional reform referendum will hit financial markets only modestly, a Reuters poll found, with analysts split on how serious a “No” vote would be for the future of the euro. Renzi...

  • Seeking a stronger union of banks

    Seeking a stronger union of banks

    Apart from being the Dutch Finance Minister, Jeroen Dijsselbloem has been the Eurogroup president since 2013. He spoke to Vanessa Macdonald about some of the issues facing the financial sector and how the Banking Union would help. I was fascinated...