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  • Shares fall on oil's five-year low as dollar slides

    Oil prices slumped to five-year lows yesterday and US and European equity markets fell as investors worried about the Greek and Chinese economies withdrew from riskier positions and bought Japanese yen, which rose against the US dollar. Brent...

  • Leaks reveal Disney, Koch Industries tax deals

    Walt Disney Co., commodities group Koch Industries and others agreed deals in Luxembourg that could have delivered huge tax savings, a group of investigative journalists has reported, heightening an international debate on corporate tax avoidance.

  • Educational clinic for investment firms on CRD IV Package

    FinanceMalta (FM), in collabor-ation with the Malta Financial Services Authority (MFSA), is organising an educational clinic for professionals working in investments on the implementation of the Fourth Capital Requirements Directive and the...

  • Maltapost reports profit up by 37.5%

    Maltapost’s profit before tax increased by 37.5 per cent to €2.74 million, the company announced yesterday, at it published its latest financial statements for the year ending September 30. A statement said the company had performed soundly during...

  • Shipping movements

    The following ships are expected in Malta: The Saint Nikolas from Valencia to Livorno (Carmelo Caruana Co Ltd) and the MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime) tomorrow. The HH East (ex-Coneast) from Misurata to Annaba, the...

  • Air passengers rights explained

    A recent ruling dealing with air traveller’s rights has been delivered by the Court of Justice of the European Union just in time before the fast approaching holiday season. The eventuality of mobile boarding stairs colliding with an aircraft...

  • France keeps EU ‘Robin Hood tax’ plan despite deadline miss

    France keeps EU ‘Robin Hood tax’ plan despite deadline miss

    France sought yesterday to keep alive a disputed financial transactions tax after 18 months of talks failed to produce a deal that would force banks blamed for causing the financial crisis to help pay for the clean-up. Having missed a self-imposed...

  • Less inequality would boost economic growth

    Moves by national governments to reduce inequality between their rich and poor citizens would help to lift economic growth, the Organisation for Economic Co-operation and Development said yesterday. The Paris-based think tank wrote in a report...

  • Shares fall on oil drop and Greek unrest

    Investors sold equities worldwide yesterday after China's market posted its worst day in five years and oil prices fell to levels not seen since 2009. US and European shares were down for a second day in a row, in part due to concern that the...

  • Troubled Tesco warns on profit again

    Grocer Tesco has cut profit expectations for the fourth time this year, blaming the cost of trying to recover from an accounting scandal and a slide in market share. Shares in the world’s third-biggest retailer plunged as much as 17 per cent to a...

  • HSBC slips back to 2014 low

    HSBC slips back to 2014 low

    In contrast to the marginal increases in the share price of HSBC during the past two weeks, new sell orders forced the bank’s equity down to €1.90 although a final trade at €1.93 ensured that the shares ended the session 0.8 per cent higher.

  • A big step forward for small Australian banks

    A big step forward for small Australian banks

    Australia’s smaller banks stand to benefit from a government-backed financial sector review that has recommended the nation’s big lenders set aside more capital for their main business of mortgages, in a move towards a level playing field. The...

  • Japan economy shrinks more than expected

    Japan’s economy shrank more than initially reported in the third quarter on declines in business investment, data showed yesterday, surprising markets and backing premier Shinzo Abe’s recent decision to delay a second sales tax hike. The hit from...

  • Money market report for the week ended December 5

    On Thursday, December 4, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO) and the interest rates on the marginal lending facility and the deposit facility will remain...

  • China faces pressure as imports shrink unexpectedly, exports slow

    China faces pressure as imports shrink unexpectedly, exports slow

    China’s imports shrank unexpectedly in November while export growth slowed, fuelling concerns the world’s second-largest economy could be facing a sharper slowdown and adding pressure on policymakers to ramp up stimulus measures. Exports rose 4.7...

  • US, European stocks fall as oil hits five-year low

    US and European stocks fell yesterday after weak Chinese and Japanese data stoked worries about slowing global economic growth, while oil prices sank to five-year lows on expectations of oversupply into 2015. The euro sagged to two-and-a-half-year...

  • The end of the political utopia

    The end of the political utopia

    The debate on whether political ideology still matters in today’s complex world erupts from time to time. The silver generation of baby boomers who in their younger days were split in supporting either capitalism or socialism often get hot under...

  • ­­­Shipping movements

    These are the cargo ships sailing to Malta: The Rio Cadiz from Antwerp to Haifa and the BC Hamburg from Misurata to Misurata (both Thomas Smith & Co. Ltd), the St Roch from El Khoms to Misurata (Carmelo Caruana C. Ltd), the MV Eurocargo Napoli...

  • Strasbourg’s VAT judgment against Sweden could impact Maltese tax system

    Strasbourg’s VAT judgment against Sweden could impact Maltese tax system

    The European Court of Human Rights in Strasbourg has delivered an important judgment against Sweden which suggests that a person who infringes VAT law cannot be subjected to two penalties for the same offence. Such a judgment is expected to have a...

  • €7 million refurbishment project for Seashells Resort at Suncrest

    €7 million refurbishment project for Seashells Resort at Suncrest

    The Seashells Resort at Suncrest, Qawra, has closed and will reopen on April 1 next year after undergoing a massive €7 million refurbishment project. The refurbishment will affect all areas of the hotel, especially the guest rooms, which will be...