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  • Share index at 11-week high

    Share index at 11-week high

    Following the marginal declines in the previous two sessions, the share index today advanced by 0.5 per cent to reach a fresh 11-week high of 3,370.919 points as four of the five active equities today trended higher. The only exception was Bank of...

  • Strategies to cut down on public sector expenditure

    The governments of the EU member states, including Malta, have submitted their budgets for 2015 for scrutiny and feedback by the European Commission. There are certain criteria that need to be met, such as the 3 per cent ceiling for the fiscal...

  • UK’s Cameron to object to EU budget plans at ­leaders’ summit –source

    UK’s Cameron to object to EU budget plans at ­leaders’ summit –source

    Prime Minister David Cameron plans to use a meeting of European leaders this week to lobby against European Union requests for member states to stump up more money, a British government source said. Cameron is under pressure to take a harder line...

  • CFOs more optimistic on hiring, earnings and sales

    CFOs more optimistic on hiring, earnings and sales

    Optimism among chief financial officers increased for the sixth straight quarter, with 43.7 per cent expressing rising sentiment and only 11.7 per cent expressing increased pessimism – the lowest level since the survey began more than four years...

  • Global stocks rise on US corporate results, bonds fall

    Global equity markets rose yesterday, with stocks on Wall Street surging more than one per cent as US corporate earnings continued to beat expectations, while government debt prices fell on encouraging American and German economic reports. Results...

  • Libya’s oil to flow despite rival governments’ struggle

    Libya’s oil to flow despite rival governments’ struggle

    A struggle has broken out for control of Libya’s state-run energy sector as rival governments in Tripoli and the east compete for power, but a common interest in maintaining oil revenues will keep exports flowing for now. Libya is divided between...

  • Company briefs

    A recent survey by Boston Consulting Group revealed that almost two-thirds of employees working in small and medium-sized enterprises use mobile devices such as smartphones and tablets to access their e-mail, up from 39 per cent just three years ago.

  • Trading volumes dwindle to two-week low

    Trading volumes dwindle to two-week low

    Trading volumes on the local equity market dwindled to a two-week low as only €72,689 worth of shares changed hands during this morning’s session with the share index easing by a further 0.1 per cent 3,355.643 points. Today’s decline in the local...

  • Preferred bidder for Marsa Shipbuilding by next week

    Preferred bidder for Marsa Shipbuilding by next week

    At least two bidders have been called in for talks with the Privatisation Unit, which is expected to recommend the preferred bidder as early as next week, according to sources. In March, 28 consortiums showed interest in the site but only six went...

  • Mcast sets up entrepreneurship centre

    Mcast sets up entrepreneurship centre

    Mcast has taken over four rooms at the Corradino Business Incubation Centre (Kbic), to be used as an incubation centre for students with entrepreneurial ambitions. Mcast has been planning to instil entrepreneurship into students for some time and...

  • First tenants confirmed for Life Sciences Park

    First tenants confirmed for Life Sciences Park

    The first tenant has been confirmed for the Life Sciences Park at San Ġwann: a local company will be taking up 800sq.m. in the coming months to focus on research which could lead to commercially-viable products. The company, AAT, has grown...

  • Branding debate goes on

    Branding debate goes on

    Politicians may disagree between themselves about whether there should be a single “Brand Malta” – but the chairmen of various entities affected also have different views. The issue arose at the recent EY conference when Economy Minister Chris...

  • Rental income rising by up to 15%

    Rental income rising by up to 15%

    The rental charged by landlords has gone up by as much as 15 per cent in the past year in areas such as Sliema and St Julian’s, according to Frank Salt property consultants. Demand has been building up to the point where a tenant can be found...

  • Looking back on a decade of banking

    Looking back on a decade of banking

    Tony Mahoney left HSBC Bank Malta over a decade ago. When he completed his contract at Bank ­Dhofar in Oman, he had to decide ­between the UK and Malta. He told Vanessa Macdonald that the lifestyle and friendship in Malta won, and he accepted a...

  • Banking sector still buoyant

    Banking sector still buoyant

    At least 11 banks from six European countries are set to fail the Asset Quality Review carried out on 130 banks by the European Central Bank, the results of which are due to be unveiled on Sunday. Maltese banks are not expected to be among them –...

  • Portfolio showcases top properties

    Portfolio showcases top properties

    Malta Sotheby’s International Realty may only be a year old but its database of luxury properties is growing fast, with a selection of some of the most jaw-dropping put together in the first edition of a 100-page publication, Portfolio. “Earlier...

  • Do we really need Electrogas?

    The ongoing media coverage about delays at Delimara and the possible impact these will have on government finances are masking a much bigger issue. Do we actually need the Electrogas plant? We have gone from a situation where we were perilously...

  • Can Malta profit from eurozone’s slow recovery?

    Can Malta profit from eurozone’s slow recovery?

    Last week’s fall in shares within the eurozone and UK is evidence of weak economic growth knocking investor confidence. The same can be said about the US, with the Dow Jones also falling. Oil prices also continued to slide, with Brent crude...

  • International equity markets in correction phase

    International equity markets in correction phase

    Global equity markets tumbled during the middle part of last week after poor data from the US heightened fears over the health of the global economy. The Dow Jones Industrial Average index dropped to a low of 15,855.12 points on Wednesday, down by...

  • InterContinental adding luxury suites

    InterContinental adding luxury suites

    The InterContinental Hotel will be targeting guests willing to spend up to €4,000 or €5,000 a day, ­offering them extravagant suites measuring as much as a reasonably-sized apartment. All will have their own large terrace with lounging and dining...