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  • Share index rebounds on low volumes

    The share index rebounded by 0.36 per cent to 4,472.261 points following the declines of the past two days, largely due to the recovery in the share price of IHI on miniscule volumes. Overall trading activity remained low with only €135,600 worth...

  • Facebook shares soar as mobile drives big jump in advert sales

    Facebook shares soar as mobile drives big jump in advert sales

    Facebook smashed investors’ expectations with a 52 per cent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world’s biggest online social network...

  • Raising productivity levels

    Our economy has been growing at a steady pace for decades now. I have mentioned in previous contributions that our last big economic downturn was more than 30 years ago, during the first half of the 1980s. Because success tends to have many...

  • UK growth slows to weakest in nearly three years

    UK growth slows to weakest in nearly three years

    Britain’s economy ended 2015 on a soft note after the annual pace of growth slowed to its weakest in nearly three years as the global economic slowdown weighed on its previously rapid expansion. Fourth-quarter gross domestic product grew by 0.5...

  • Putin ally absent as Russia considers joint action with Opec

    Putin ally absent as Russia considers joint action with Opec

    When Russian officials this week discussed the merits of jointly cutting oil output with Opec to push up prices, one man – President Vladimir Putin’s ally Igor Sechin – was conspicuous by his absence. The no-show by the chief executive of Russia’s...

  • Oil prices rise on output-cut hopes as dollar slides

    Crude oil prices rose yesterday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has...

  • IHI drags share index lower

    The share index suffered a decline for the second consecutive day as it shed a further 0.29 per cent to 4,456.446 points, namely due to the decrease in the share price of IHI. Trading volumes decreased considerably to just €154,500. The equity of...

  • Apple sees first sales dip in more than a decade

    Apple sees first sales dip in more than a decade

    Apple Inc forecast its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company’s period of exponential growth may be...

  • RBS takes £3.6bn hit in bid to break from past

    Royal Bank of Scotland tried to put its troubled past behind it yesterday by making a £3.6 billion provision to top up its pension fund and make amends for British and US mis-selling. Chief executive Ross McEwan has been trying to clean up RBS so...

  • Toyota considers Daihatsu buyout but denies tie-up talks with Suzuki

    Toyota considers Daihatsu buyout but denies tie-up talks with Suzuki

    Toyota Motor Corp. said it was considering buying out the rest of mini vehicle maker Daihatsu Motor Co., a $3.1 billion deal at current market prices, but denied a report that it was in partnership talks with Daihatsu rival Suzuki Motor Corp. Full...

  • Wall Street turns red after Fed fails to impress

    Wall Street dropped yesterday after the US Federal Reserve frustrated investors hoping for a strong sign it might scale back future interest rate hikes because of recent financial and economic turmoil. In a widely expected decision, the Fed kept...

  • Shipping movements

    These ships are expected in Malta: The BFP Galaxy from Varna to Izmit, the Avonmoor to Tobruk, the Janina from El Khoms to Algiers, the Coneste from Sfax to Algiers, the CMA CGM Kerguelen from Le Havre to Khor al Fakkan, the CMA CGM Bellini from...

  • Government contracts have doubled in 2015

    Government contracts have doubled in 2015

    The government awarded €371.7 million worth of contracts in 2015, just over double the amount for 2014. However, the number of contracts was only 37 per cent higher, meaning that the average for each contract was much higher: €780,000 in 2015...

  • Only €97 a month invested for retirement

    Only €97 a month invested for retirement

    Only a quarter of respondents to a university survey have a retirement plan – and those who do only invest an average of €1,161 annually – €97 per month. In a dissertation survey covering 1,255 respondents, Ann Marie Mangion found that only 21.9...

  • €60m for new SME scheme

    €60m for new SME scheme

    A new scheme being administered by Bank of Valletta will provide €60 million worth of financing for over 800 Maltese SMEs. The scheme, first mentioned by Parliamentary Secretary for EU Funding Ian Borg in December 2014, was announced earlier this...

  • Incentive for widows boosting part-time but not full-time work

    Incentive for widows boosting part-time but not full-time work

    A move by the government to allow widows to earn more than the minimum wage without losing all or part of their pension has failed to encourage many to take up full-time employment – but has boosted the numbers working part-time. Both governments...

  • Seeking sources of growth

    Seeking sources of growth

    It seems that 2015 will be remembered by local economy operators as the years of mergers and acquisitions, as companies consolidated to futureproof their momentum – but will the trend continue in 2016? Anita Aloisio, the partner for specialist...

  • Looking for the silver lining in oil slump

    Looking for the silver lining in oil slump

    It is easy to underestimate the impact of oil going below the $30 a barrel barrier, a crash of 30 per cent just since the beginning of this year. Even Reuters has admitted that the price has crossed “the fuzzy line separating a rational response...

  • Thinking out of the box

    Thinking out of the box

    The trick when it comes to engaging people in a project is to find something they can relate to. So asking students what is wrong with their backpack is a simple but effective way to catch their attention. It served as the perfect way to help...

  • Hili Ventures’ group finance appointments

    Hili Ventures’ group finance appointments

    Hili Ventures has announced two key appointments within its top finance team. Long-standing finance director Richard Abdilla Castillo has been appointed managing director for transactions and major projects, focusing on mergers and acquisitions,...