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  • Thos Smith backing Mdina Grand Prix

    Thos Smith backing Mdina Grand Prix

    The 2014 Mdina Grand Prix hillclimb will this year be sponsored by Thomas Smith Group. The Thomas Smith Hillclimb will be held on October 9 at Ta’ Pennellu Hill, Mellieħa, from 9am to 1pm. The group will also be sponsoring the scrutineering event...

  • EY Malta to host Tony Blair’s right hand man

    Accountancy firm EY will be launching the 10th edition of its Malta attractiveness survey at a national conference on October 8, with Alastair Campbell as a keynote speaker. Mr Campbell is best known for his role as former British Prime Minister...

  • Company briefs

    Company briefs

    Portomasogaming has launched a digital platform for its live casino and studio, which are now combined into one product, following an investment of €500,000. The investment also saw the creation of 25 new job opportunities in...

  • Index flat after mixed trading

    Index flat after mixed trading

    Over the past week, the Malta Stock Exchange (MSE) index edged 0.08 per cent higher to 3,326.817 points, as gains in shares of HSBC Bank Malta plc and Go plc were offset by declines in Bank of Valletta plc (BOV), RS2 Software plc and Malta...

  • Sales of US homes fall as new house purchases rise

    In the US, purchases of previously owned houses dropped 1.8 per cent month on month in August with the share of properties sold to investors being the lowest in almost five years. Transactions at the lower end of the market are suffering as the...

  • Taking care of your home

    Taking care of your home

    Many might be looking forward to the cooler weather and some might even think autumn is the best season, especially when they are spending time indoors, dry as a bone. But a house is actually quite vulnerable to autumn. With cooler weather fast...

  • MSV Life invests in staff development

    MSV Life holds regular training for its staff across all the hierarchies of the company, combining learning with fun. Throughout the year, MSV Life employees get technical and on-the-job training, benefit from academic sponsorships, participate in...

  • European Week for Waste Reduction

    Catering outlets, supermarkets and food importers are among companies that can take part in this year’s special edition of European Week for Waste Reduction (EWWR), themed ‘Stop Food Waste!’ Special focus is being given to food waste reduction...

  • Alibaba options set for strong demand on market debut

    Alibaba options set for strong demand on market debut

    The newest way to bet on the fortunes of Chinese e-commerce heavyweight Alibaba Group Holding Ltd will debut on Monday when its stock options go live for trading, and investors should look for the initial action to be very busy, but also choppy...

  • Long-dated sovereign bonds up

    The sovereign debt market witnessed a total of 293 transactions worth €26.9 million this week spread across 25 issues with most of the long-dated issues registering an increase in value. In fact, bonds with a maturity ranging between 2028 and 2033...

  • European shares end week higher

    European shares rose yesterday, led by banks on expectations they will be the big winners in the ECB’s drive to stave off deflation, while Allianz sank on news fund manager Bill Gross was leaving the group’s asset-management unit Pimco. Gross, one...

  • Lloyds Bank sale of TSB stake shows demand for UK banks

    Lloyds Banking Group has sold a further 11.5 per cent stake in TSB in a £161 million share placing to investors that required no discount to the market price following strong demand. Lloyds said it sold 57.5 million shares at 280 pence, leaving it...

  • Daily currency report

    The US dollar shot to 22-month highs against the euro and Swiss franc this week despite the start of US air raids on Isis in Syria. Recently, the driving force behind currency markets has become relatively simple. On the one hand, the US economy...

  • Further gains in share price of Go

    Further gains in share price of Go

    Sustained demand for the equity of Go lifted its share price by a further one per cen t to yet another six-year high of €2.60 on volumes of just over 24,000 shares. The equity of the telecoms operator has been well supported in recent months in...

  • Vigilance on business ethics

    Those who follow the business news of the UK would have heard of the accounting error committed by the giant grocery retailer Tesco, which resulted in an overstatement of profits. Here is a brief summary for those that have not heard or read about...

  • Tesco made ‘stratospheric error’

    Tesco made ‘stratospheric error’

    British lawmakers might want to grill top executives at Tesco about the overstatement of profits that has thrown the world’s third-biggest retailer into turmoil, BBC radio reported yesterday. Adrian Bailey, chairman of the UK parliament’s...

  • China currency regulator uncovers $10bn in fake trades

    China currency regulator uncovers $10bn in fake trades

    China has found nearly $10 billion worth of falsified trade transactions more than a year after the fake trades were first uncovered, the currency regulator said yesterday, adding that a crackdown had now stamped out the practice. To evade China’s...

  • China, Spain sign business deals valued at €3.2 billion

    China, Spain sign business deals valued at €3.2 billion

    China and Spain signed business deals worth about €3.2 billion yesterday during a visit by Spanish Prime Minister Mariano Rajoy to the Asian powerhouse to drum up support for his country’s economy. At a ceremony in Beijing’s Great Hall of the...

  • European shares hit one-month low on stronger dollar

    European shares slipped to a one-month low in late trading on Thursday, tracking a sell-off in US stocks, as a stronger dollar undercut prices for industrial metals, causing mining shares to drop. The STOXX Europe 600 Basic Resources index fell...

  • Company briefs

    GlobalCapital Life Insurance is dedicating September to raising awareness on the importance of life insurance. “Too many individuals mistakenly perceive life insurance as a mandatory obligation to obtain a bank’s approval for a home loan or other...