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News

  • Infusion Solutions re-brand

    Infusion Solutions has undergone a rebranding exercise to ‘Aqubix’ as part of an internationalisation and growth strategy. Earlier this year, Mizzi Organisation acquired 50 per cent of the company, its first venture into the IT and digital...

  • Medserv wins Portugal contract

    Medserv has won a contract from ENI to provide a logistics base and associated services for its offshore exploration in Portugal. The contract is for six months with possible extensions. The company has identified facilities in Portugal and has...

  • Sovereign wins retirement provider award

    Sovereign has been named International Retirement Provider of the Year – Product at the inaugural International Adviser Product and Service Awards. Sovereign was chosen for its Calpe and Centaurus retirement benefit schemes, which were recognised...

  • Over 100 restaurants get MTA quality award

    There are now 106 restaurants with the Malta Tourism Authority Quality Assured seal – with 36 new ones added to the original 70 during the second edition last week. Seven awards were presented, six of which were based on the results of the mystery...

  • Record 159 superyachts visits GHM

    Record 159 superyachts visits GHM

    In 2015, Grand Harbour Marina hosted 159 superyachts, a slight improvement on the 154 superyachts hosted in 2014, the company said. In an interview featured on www.crewport.com published by The Superyacht Group about captains’ favourite marinas...

  • Air Malta increasing cargo footprint

    Air Malta increasing cargo footprint

    Air Malta plc has appointed Network Airline Services, a global leader in the field, as its total cargo management service (TCM) provider. The appointment follows an adjudicating process after the issuance of an international request for proposals...

  • GO plc shares plunge after bid news

    The Malta Stock Exchange index declined by a significant 1.65 per cent, to close at 4,473.091 points. Activity was spread across 17 equities of which four gained ground, eight fell and five closed unchanged. Turnover amounted to €1.1 million. GO...

  • Daily currency report

    The rejuvenated US dollar softened, seemingly trading its running shoes for a pair of flip flops ahead of the unofficial start of summer this weekend. The dollar has been on a ‘run’ this month as the world’s biggest economy has shown renewed signs...

  • Dollar rises while stocks firm ahead of Yellen speech

    The US dollar and world stock indexes edged higher yesterday ahead of a speech by Federal Reserve Chair Janet Yellen that could provide new signals on the timing of a US interest rate hike. Crude oil prices eased after hitting seven-month highs...

  • Brexit would be serious risk to global economic growth - G7 leaders

    A British exit from the European Union would be a serious risk to global economic growth, Group of Seven leaders said in a summit declaration yesterday, as Prime Minister David Cameron urged voters to “listen to our friends”. Brexit was not...

  • As crude hits $50 a barrel, options market suggests jitters

    As crude hits $50 a barrel, options market suggests jitters

    With the price of oil finally touching $50 (€45) a barrel this week, producers and speculators have been loading up on options to protect themselves from a downside risk, signalling there are still some jitters surrounding the recent rally. Deep...

  • American apparel brand Guess joins growing Izzo portfolio

    American apparel brand Guess joins growing Izzo portfolio

    American apparel brand Guess has a new Maltese ambassador after a local businesswoman added the franchise to her burgeoning fashion portfolio.  Diane Izzo said that she plans to revamp Guess outlets and double its present turnover in the next...

  • Share index at a 10-week low

    The share index retreated by 0.23 per cent to 4,473.091 points – the lowest level since mid-March 2016 – reflecting the declines in the share prices of four equities. The rest of the equities that were active today closed unchanged. Volumes...

  • Raising living standards

    Last week Caritas claimed that there was the need for an increase in the minimum wage. It based its claim on a study, which showed clearly that some families are struggling to make ends meet. It needs to be stated that this is not the first time...

  • Brent oil breaks above $50 for first time in seven months

    Oil prices climbed above $50 a barrel yesterday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing. Oil prices have rallied in recent weeks after a string of...

  • Iranian appetite for German goods prompts a surge in first-quarter exports

    German exports to Iran, especially of machines and equipment, rose significantly in the first quarter following the removal of international sanctions against the Islamic Republic, government data showed yesterday. Exports to Iran surged by seven...

  • Dollar falls on durables data while stocks steady

    The US dollar fell yesterday after US durable goods orders data showed weakness in business spending plans, while world stock indexes were little changed after two days of strong gains. Oil prices were lower after earlier topping $50 a barrel for...

  • MPC share price slumps 7.3%

    The share index advanced by 0.13 per cent to 4,483.564 points as the gains in share prices of BOV and GO outweighed the plunge in MPC. Trading activity was restricted to merely five shares, reflecting in reduced volumes worth just €152,500. Bank...

  • The importance of investor relations

    The importance of investor relations

    In my article of April 7 reviewing the performance of the local equity market during the first quarter of the year, I stated: “Following the amendment of the Transparency Directive by the European Commission and the removal of the obligation for...

  • ‘ECB credit buying to start small, betting on issue boom’

    The European Central Bank will aim to start small when it begins buying corporate debt in June, seeking first to lure new issuers and then slowly raise the monthly pace of purchases to €5-10 billion, several central bank sources have told...

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