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  • Container vessel’s maiden call

    Container vessel’s maiden call

    The container vessel MV Ever Utile called at Malta Freeport for the first time following the decision of Evergreen Marine Corporation to include the schedule of two mainline services. Evergreen Corporation, the fifth largest container carrier...

  • Fleet expansion for freight forwarders

    Fleet expansion for freight forwarders

    Fahrenheit Freight Forwarders has introduced six new Iveco Stralis Euro VI trucks to its fleet this year, following another six-truck increase in 2015, with the constant aim of providing clients with the best possible service. The truck’s capacity...

  • Bouroullec brothers redefine TV design

    Bouroullec brothers redefine TV design

    French designers Ronan and Erwan Bouroullec have teamed up with Samsung to create Serif TV, a radically different approach to the TV user experience. Launched at the London Design Festival, Serif TV is defined by its L-shaped frame – a serif font...

  • Eurozone, IMF at odds over when Greece should get debt relief

    Eurozone, IMF at odds over when Greece should get debt relief

    The eurozone and International Monetary are struggling with Greece’s debt crisis – not with Athens this time, but with each other over when to give Greece a break on its future massive debt repayments. The eurozone has begun talks on debt relief...

  • Index’s negative stance extended

    The Malta Stock Exchange (MSE) Index fell by a further 0.33 per cent, to close at 4,548.199 points. Activity was spread over 18 equities of which nine declined, four gained ground and five closed unchanged as turnover amounted to €2m. Medserv plc...

  • Dollar cruises to third weekly win, stocks bounce

    Global equity markets rose yesterday as investors took in stride growing expectations the Federal Reserve will hike interest rates in June, a notion that helped US bond yields to rise and lifted the dollar to a third straight week of gains. US...

  • ECB scraps obligation on banks to report bad loans as low as €100

    ECB scraps obligation on banks to report bad loans as low as €100

    The European Central Bank (ECB) is scrapping plans to force eurozone banks to report on its database any bad loan worth as little as €100 after a backlash from lenders, it said yesterday. The new threshold will be €25,000, as it is for all other...

  • Daily currency report

    The single currency fell to its most affordable levels in seven weeks against the dollar. The ECB released the minutes from its last meeting which struck a starkly different tone than the Fed’s a day earlier. While the Fed appears closer than...

  • 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...

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