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  • Positive start to interim reporting season

    Positive start to interim reporting season

    The interim reporting season commenced last week with the publication of the half-year financial statements of Plaza Centres plc and Mapfre Middlesea plc. Most of the companies that have their equity listed on the Malta Stock Exchange have a...

  • HSBC Malta launches €75 million Malta Trade for Growth Fund

    HSBC Malta launches €75 million Malta Trade for Growth Fund

    HSBC Bank has launched a new €75 million Malta Trade for Growth (MTFG) Fund following the success of the first €50 million trade fund launched in December 2013. The aim of the €75m MTFG Fund is to help Maltese companies take their business beyond...

  • Prestigious award for BPC founder

    Prestigious award for BPC founder

    The late Joseph Brockdorff, founder of BPC International, has been posthumously awarded the Gold Award by the Institute of Maltese Journalists (IGM). This is the institute’s most prestigious honour, recognising those who have made significant...

  • Workplace savings: a simple and effective alternative to second pillar pensions

    Workplace savings: a simple and effective alternative to second pillar pensions

    Behavioural economics teaches us that the majority of people believe making investment decisions is difficult and complicated, and as such they avoid taking any long-term decisions. This creates a barrier for people needing to save for their...

  • Air Serbia introduces summer flights to Malta

    Air Serbia introduces summer flights to Malta

    Air Serbia is the national airline of the Republic of Serbia. The airline is engaged in the transport of passengers and cargo in scheduled and charter services, crew and airline staff training and other business activities. Air Serbia serves more...

  • Share index at a fresh 7-year high

    During this morning’s trading session, the share index trended higher for the third consecutive session with a further 0.8 per cent increase to reach yet another seven-year high of 4,205.810 points as various equities closed in positive...

  • Right to parental leave

    It is illegal to prohibit a male employee from taking parental leave due to the fact that his wife is not in paid employment, the Court of Justice of the European Union has recently affirmed. Parental leave is an individual right which cannot be...

  • BP profits slump after huge oil spill charge

    BP profits slump after huge oil spill charge

    BP’s second-quarter profit slumped by nearly two-thirds from a year ago as it grappled with lower crude prices and took a huge $10.8 billion charge related to the 2010 Gulf of Mexico oil spill. In a sign it was hunkering down for an extended...

  • UK GDP growth bounces back in the second quarter

    UK GDP growth bounces back in the second quarter

    British economic growth got back on track in the second quarter of 2015, after a pick-up in the country’s dominant services sector and one of the biggest surges in oil and gas production in a generation. Gross domestic product grew 0.7 per cent on...

  • Stocks end losing streak as China fears ease off

    US and European stocks were on track to snap five-day losing streaks yesterday, as investors focused on earnings news and mergers and looked past another fall in Chinese equities and sliding oil prices. Safe-haven government bonds eased in price,...

  • Cash-rich Zurich Insurance eyes bid for British rival firm RSA

    Cash-rich Zurich Insurance eyes bid for British rival firm RSA

    Cash-rich Zurich Insurance is weighing a bid for a British rival which could top $8 billion and attract counter-offers as insurers seek to diversify amid toughening regulations. EU rules due in January governing how much money insurers must set...

  • GO’s equity continues to recover

    Following last week’s 12.5 per cent slump in the share price of GO and the initial 1.6 per cent rebound yesterday on heightened activity, GO’s equity continued to recover today and advanced by 8.8 per cent to €3.48 on volumes of 39,800...

  • Business morale in Germany brightens as Greece jitters ease

    Business morale in Germany brightens as Greece jitters ease

    Business confidence in Germany unexpectedly improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe’s largest economy. The Munich-based Ifo institute...

  • Money market report for the week ended July 24

    On Monday, July 20, the European Central Bank announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €75.15 billion, €0.39 billion lower than...

  • Fiat Chrysler hit with US record fine

    Fiat Chrysler hit with US record fine

    The US auto safety watchdog, toughening its stance against manufacturer defects, announced a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicles. The Italian-US automaker’s...

  • Ryanair to target rivals with aggressive winter fare cuts

    Ryanair to target rivals with aggressive winter fare cuts

    Ryanair said yesterday it would cut ticket prices aggressively this winter and lifted its annual growth target by a third to 12 million new passengers, heaping pressure on rivals who are struggling to compete on costs. The Irish budget airline,...

  • China stocks rout, stings equities and commodities

    The biggest rout in Chinese shares in eight years stoked concerns yesterday over slowing growth in the world’s No. 2 economy, knocking down global equities and the prices of key commodities. The dollar eased on safety bidding for other major...

  • Teva to buy Allergan for $40.5bn

    Teva to buy Allergan for $40.5bn

    Teva Pharmaceutical Industries has agreed to buy Allergan Plc’s generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world’s largest pharmaceutical firms. The deal, the largest in...

  • GO partially rebounds on strong volumes

    Following Thursday’s announcement that Emirates International Telecommunications (Malta) Limited (EIT) intends to sell its 60 per cent stake in GO in the ‘short-term’, the equity of the quad-play telecom operator plunged a total of 12.5 per cent...

  • Calamatta Cuschieri launches investment seminars for public

    Calamatta Cuschieri has launched a series of investment seminars for the public. The next seminar, “What you should know about Equity Investing” is being held on August 8 at the Grand Hotel Excelsior in Floriana between 9.15am and 12.15pm. It is...