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  • GO drops to a three-week low

    The share index extended yesterday’s decline by a further 0.08 per cent to 4,548.199 points – the lowest level in the last eight trading sessions – on weak volumes. Trading activity dropped to a two-week low of nearly €94,000. Week-on-week, the...

  • There won’t be another Greek crisis, says Schaeuble

    There won’t be another Greek crisis, says Schaeuble

    German Finance Minister Wolfgang Schaeuble said yesterday that there would not be another crisis over Greece, which is seeking to unlock aid from international lenders. “I’m optimistic that what I’ve said still stands, namely that we won’t get a...

  • No place for dogmatism

    For the most obvious and most positive of reasons, Malta seems to be oblivious to the negotiations that go on between individual member states and the European Commission on country specific recommendations that the latter makes with regard to a...

  • Bayer makes move for Monsanto in global agrichemicals shake-out

    Bayer makes move for Monsanto in global agrichemicals shake-out

    German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co as high inventories and low commodity prices spur consolidation in the global agrichemicals industry. Monsanto disclosed the approach before Bayer...

  • Stocks sell off, dollar gains as possible Fed hike weighed

    Stocks around the world sold off yesterday, while the US dollar gained, pressuring oil prices, as increased expectations that the Federal Reserve could raise interest rates in the near term rippled through financial markets. Investors were...

  • Company briefs

    Deloitte Malta is organising a series of events, workshops and training sessions for risk professionals in the banking sector, starting on Monday, which they are branding as the Deloitte Banking Risk Lab. As of January 1, the Single Supervisory...

  • Various equities decline

    Various equities decline

    The MSE Share Index retreated by 0.36% to 4,551.609 points as the declines registered by eight shares outweighed the gains in another three equities. Despite the broad trading activity, the total value of equities traded today remained on the low...

  • Iran’s May oil exports set to surge nearly 60% from year ago – source

    Iran’s May oil exports set to surge nearly 60% from year ago – source

    Iran’s oil exports are set to surge in May, climbing nearly 60 per cent from a year ago, with European shipments recovering to about half of pre-sanction levels, according to a source with knowledge of the country’s crude lifting plans. This shows...

  • Bank bail-in requirements to be case-by-case, no minimum level – EU draft law

    There is no minimum level of banks’ assets that can be wiped out by regulators when a lender is wound down, the European Commission said in draft legislation which softens requirements for lenders. The regulation, seen by Reuters, sets the EU...

  • Most eurozone firms expect Brexit would hurt economy – survey

    Most companies based in the eurozone believe a British decision to leave the European Union would hurt the region as it struggles with a sluggish economy and a migration crisis, a survey showed yesterday. Seventy-nine per cent of firms based in...

  • €2m PV investment by Palumbo

    €2m PV investment by Palumbo

    Palumbo Group has invested €2 million to install photovoltaic panels which will reduce carbon dioxide emissions by at least 750 tons per year. The investment is the first of its nature in Malta Shipyards and is in line with the group’s commitment...

  • Shipping movements

    These ships are expected in Malta: The Santa Giuliana from Tanger Med to Alexandria, the Westmoor from Algeciras to Livorno, the Oued Ziz from Tunis to Tunis, the Jona from Aliaga to Thessaloniki, the CMA CGM Musca from Djibouti to Valencia (all...

  • Emirates boosts capacity on Malta service

    Emirates boosts capacity on Malta service

    Emirates will be operating its Malta service with a larger Boeing 777-300 aircraft as from Wednesday, June 1. The Boeing 777-300 has12 ‘lie flat’ seats in first class and 42 in business class, and 310 seats in economy class. Traders and businesses...

  • Midi Group reduces gearing to 36%

    Midi Group reduces gearing to 36%

    Midi Group has managed to reduce its gearing ratio from a high of 76 per cent down to a respectable 36 per cent last year – enabling the company to report an after-tax profit of €9.9 million compared to a loss of €2.2 million in 2014. And perhaps...

  • Security of supply agreement still pending

    Security of supply agreement still pending

    Almost a year later, the government has still not given any indication of whether the European Commission has any objections to the security of supply agreement between the government and Electrogas, the company building the gas power station. The...

  • Thinking outside the box

    Thinking outside the box

    It has become a bit of an urban myth that Roger Bannister’s 1954 sub-four-minute mile was a “miracle”. The reality is that the record was only a few seconds above the ‘four-minute barrier’ and when he did break it that historic day, he was...

  • Getting a greener bottom line

    Getting a greener bottom line

    The government has launched another three subsidy schemes for solar energy which will allow 7,000 families to benefit from 50 per cent of the cost of photovoltaic panels, up to a maximum of €2,300. The schemes will receive EU funds and will cost...

  • Cleaning up industrial-grade problems

    Cleaning up industrial-grade problems

    Tony Zahra was appointed chairman of Malta Industrial Parks three years ago. He explained to Vanessa Macdonald that he had to balance cleaning up legacy issues with getting things moving for the future. MIP has just reported a pre-tax profit of...

  • Laying the right foundations to prevent a property bubble

    Laying the right foundations to prevent a property bubble

    Chris Grech, the Dhalia chairman who was among the first people to call for regulation of the real estate sector, has warned that the new system must be in place in the next six months. “The industry must be policed if it is to be held...

  • Strategic questions for Air Malta

    There are two aspects to the Air Malta strategic partnership which are yet to be explained: what is the value-added of the deal for Air Malta and what is the value-added of the deal for Alitalia/Etihad. They say that the devil is in the detail...