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  • Hal Mann Vella Group launches €30 million secured bonds 2024

    Hal Mann Vella Group has launched to the public €30 million secured bonds due in 2024 at an interest coupon of five per cent of a nominal value of €100 per bond at par. The bonds are secured by a special hypothec on property of Hal Mann Vella...

  • Share index higher for third consecutive day

    Share index higher for third consecutive day

    The share index moved higher for the third consecutive day with a further 0.6 per cent increase to a one-week high of 3,342.651 points as various equities trended in positive territory during this morning’s session. Most notably, HSBC edged 1.8...

  • Economy in a liberal society

    I ended last week’s contribution with this statement: “…state support for individuals and businesses is a positive thing as long as this encourages initiative and independence. This is probably what today’s liberal society expects – but that is a...

  • Eurozone back in the firing line

    Eurozone back in the firing line

    After a two-year siesta, the eurozone is back in the financial markets’ firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc’s debt crisis began in 2009. This...

  • Deflation stalks Europe’s periphery as inflation slips to five-year low

    Deflation stalks Europe’s periphery as inflation slips to five-year low

    Deflation hit five peripheral eurozone countries in September as inflation slipped to its lowest for five years and exports faltered, data showed yesterday, offering little hope that the bloc will avoid its third recession in six years. While...

  • Addressing the pensions dilemma

    Two amendments to the law were recently presented in Parliament, one to amend the Income Tax Act and the other to amend the Social Security Act. Both amendments are intended to pave the way for new fiscal incentives in order to encourage people to...

  • Fears Europe’s debt crisis is waking up from slumber

    Global equity markets tumbled again yesterday as investors continued to worry about world growth and on fears that Europe's debt crisis was waking up from a two-year slumber, while crude oil slumped to a four-year low. But new data indicating...

  • Goldman Sachs profit gets big boost from bond market pickup

    Goldman Sachs profit gets big boost from bond market pickup

    Goldman Sachs Group Inc reported a 50 per cent jump in third-quarter net profit yesterday as last month’s sudden pickup in bond market activity helped to boost trading revenue. Net income attributable to common shareholders rose to $2.14 billion,...

  • Ford’s European sales rise 12% in September

    Ford sales in Europe climbed sharply in September – pushing its market share to a three-year high – on strong demand for Ford’s new passenger cars and commercial vehicles. Ford’s European vehicle sales increased 12 per cent to nearly 130,000...

  • Company briefs

    Full-time students at a secondary and tertiary level of education can now benefit from Vodafone’s improved students plans, including all those who attend any secondary school, Sixth Form college, University or vocational college in Malta and...

  • BOV’s equity regains €2.25 level

    BOV’s equity regains €2.25 level

    The share index advanced by 0.2 per cent to 3,323.447 points as two of the large caps partly recovered from recent declines. The share price of Bank of Valletta gained a further 0.9 per cent to close at the €2.25 level on volumes of 18,314...

  • Hal Mann Vella bond issue

    Hal Mann Vella bond issue

    Financial market participants were long aware that the Hal Mann Vella Group was seeking to tap the bond market. On October 8, the company confirmed the publication of a prospectus for €30 million in secured bonds following approval by the Malta...

  • The leadership gap!

    The leadership gap!

    Leadership spans every aspect of social, political and economic activities in Malta and yet we perhaps are not giving it due attention. Our education system’s emphasis on developing academic and technical ability to the highest level seems to be...

  • Toyota recalls 1.67m cars for defects

    Japan’s Toyota Motor Corp. said yesterday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake’s performance. Toyota said...

  • British PM wants to cut inheritance tax – Telegraph

    British PM wants to cut inheritance tax – Telegraph

    Prime Minister David Cameron said he wanted to cut inheritance tax so that it is only paid by the very rich, the Daily Telegraph reported yesterday. Cameron, who faces an election in May next year that polls show is likely to be extremely close,...

  • Italy public deficit widens to 3.8% of GDP

    Italy's public budget deficit in the first half of 2014 widened to 3.8 per cent of gross domestic product, compared with a deficit of 3.5 per cent in the same period of 2013, official statistics agency ISTAT said yesterday. The widening of the...

  • Stocks suffer their biggest losses in years

    Stocks suffered their biggest losses in years and the dollar slumped yesterday after the latest inflation data from the United States and China fanned worries about a global slowdown, driving investors into safe-haven government debt. The S&P 500...

  • Shipping movements

    The following ships are expected in Malta: The Pago from Valencia to Livorno, the CMA CGM Almaviva from Port Said to Genoa and the CMA CGM Quartz from Dammietta to Genoa (all Carmelo Caruana Co. Ltd) today. The Sena Kalkavan from Varna to...

  • IHI share price at new all-time low

    IHI share price at new all-time low

    The share price of International Hotel Investments was the only negative performer of the day as a single trade of 25,000 shares was executed at the 59c5 level, representing a 0.8 per cent decline from its previous close and a new all-time low for...

  • Restrictions to copyright in a digital era

    Restrictions to copyright in a digital era

    A member state is not in breach of EU copyright law if it were to legislate so as to permit its national public libraries to digitise books in their collection in order to make them available at electronic reading points, without the consent of...