Advert

News

  • First decline for share index in a week

    First decline for share index in a week

    The share index retreated for the first time since September 14 with a marginal dip to 3,357.58 points largely due to the 0.1 per cent decline in the share price of Bank of Valletta to €2.24,9 across seven deals totalling 35,237 shares. Meanwhile,...

  • EU Vat changes in the offing

    On January 1, 2015, significant changes in the Vat rules will kick in. These new rules are the result of legislation introduced in the EU in 2008 as part of the Vat Package, intended to establish a level playing field between businesses involved...

  • Total CEO de Margerie killed in jet accident

    Total CEO de Margerie killed in jet accident

    The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow’s Vnukovo airport on Monday night. The collision occurred minutes before midnight...

  • UK public finances worsen in first half of tax year

    British government borrowing over the last six months was over 10 per cent higher than in 2013, official data showed yesterday, giving Chancellor George Osborne a tough task to meet his full-year borrowing goals. Osborne aimed in March to reduce...

  • Shares gain on US tech earnings, ECB purchase plans

    A measure of global equity markets advanced yesterday after technology earnings lifted US shares and the prospect of European Central Bank corporate bond purchases boosted European stocks and weighed on safe-haven US Treasuries prices. A rally in...

  • Large caps lift share index higher

    Large caps lift share index higher

    The share index advanced by 0.3 per cent to 3,359.164 points as five equities gained including Bank of Valletta, HSBC and Go. Go had a volatile session and initially dropped to an intra-day low of €2.63 before rallying to a fresh six-year high of...

  • Changes in ‘place of supply’ rules in 2015

    Changes in ‘place of supply’ rules in 2015

    Over the past year, the upcoming change in the deemed ‘place of supply’ rules governing the provision of telecommunication, broadcasting and electronically-supplied services for VAT purposes has been the source of much discussion and debate in the...

  • Money market report for the week ended October 17

    On Monday, October 13, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on the following day and attracted bids from euro area eligible counterparties of €82.52 billion, €1.69 billion...

  • EU drops threats against Huawei

    The EU has ended a long-running telecoms row with China, the EU’s trade chief said yesterday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world’s top trading powers. As Reuters...

  • France will cut deficit at appropriate pace – Sapin

    France will cut deficit at appropriate pace – Sapin

    French Finance Minister Michel Sapin reaffirmed ahead of a meeting in Berlin with his German counterpart yesterday that France would cut its deficit at a rate appropriate to maintaining a fragile recovery. “We must not go all out for deficit...

  • Japan stocks lead shares worldwide

    Equity markets worldwide edged higher yesterday, lifted by gains in Japanese shares, while mixed performance in US stocks after IBM’s quarterly results disappointed helped keep safe-haven US Treasuries prices steady. While European technology...

  • ECB review will clarify Greece’s needs – Regling

    A review of the European banking sector due to be released on October 26 should bring clarity on Greece’s funding needs, the head of the monetary union’s bailout fund said yesterday. Klaus Regling, head of the European Stability Mechanism (ESM),...

  • Cultural change as a competitive advantage

    Cultural change as a competitive advantage

    As European economies struggle to hold their heads above the water, political and business leaders struggle to find the Holy Grail that will give them the competitive advantage to see their economies grow. Lack of strong transformational...

  • Lufthansa pilots threaten eighth strike as trains stop

    Lufthansa pilots threaten eighth strike as trains stop

    A German pilots’ union yesterday called for an eighth strike at Lufthansa for today and tomorrow adding to travellers’ misery after millions were left stranded by a weekend-long train drivers’ stoppage over pay and negotiation rights. Both hit at...

  • Getting used to the ‘new mediocre’

    Getting used to the ‘new mediocre’

    Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy according to the latest financial reports issued over the weekend. Until a dramatic selloff, exuberant...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Jaguar from Benghazi to Benghazi, the Maersk Brooklyn from Antwerp to Haifa, the Alexander Maersk from Sfax to Misurata (all Thomas Smith Shipping Ltd) and the Fas Dammam from Tunis to Annaba (Carmelo...

  • Grimaldi mull surcharge cut

    Grimaldi mull surcharge cut

    Grimaldi Group will review the price of Brent crude at the end of the month before deciding whether to cancel the fuel surcharge it introduced last July. Sullivan Maritime, the Grimaldi agents in Malta, was asked by The Sunday Times of Malta about...

  • Fimbank buys stake in Chilean factoring house

    Fimbank has acquired a control­ling interest in an established Chilean factoring house, First Factors Servicios Financieros. First Factors provides its services through six branches located close to the forestry, mining and fishing industries. The...

  • Partners being sought for multicurrency card

    Partners being sought for multicurrency card

    A British company offering a multi­currency prepaid card is looking for local partners for co-branding opportunities. Centtrip Card Ltd was set up by three British entrepreneurs with years of experience in foreign exchange. “They were competing...

  • Top transport, logistics, supply chain operators in Malta honoured

    Top transport, logistics, supply chain operators in Malta honoured

    Noel Ellul, an expert in transport and logistics in Malta with a career spanning over 40 years, was awarded the ‘Outstanding Achievement of the Year’ honour at the first TransLog Awards to be held. Key transport, logistics and supply chain...

Advert
Advert