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  • Sony to raise nearly $4 billion, ramp up sensors business to anchor turnaround

    Sony to raise nearly $4 billion, ramp up sensors business to anchor turnaround

    Japan’s Sony Corp. plans to raise nearly $4 billion via new shares and bonds to plough into image sensors as it reinvents itself as a niche component maker, pulling back from consumer goods like TVs that dragged it into losses. In Sony’s first new...

  • Markets on tenterhooks as the Greek deadline looms

    Stocks on Wall Street edged up yesterday to keep a global equities gauge higher despite declines in Europe, while the euro remained under pressure as Greece grappled with a looming deadline on a debt repayment to the IMF. Greece submitted a new...

  • Second-quarter M&A close to record amid mega deals

    Second-quarter M&A close to record amid mega deals

    Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share. Low...

  • Share index lower as various equities decline

    The share index ended the last trading session of June in negative territory with a 0.2 per cent drop back to 4,090.619 points as various equities trended lower. Most notably, the share price of International Hotel Investments eased 0.7 per cent...

  • Greece puts EU and the euro to the test

    All eyes were on the media over the weekend as the markets were eagerly waiting for the outcome of the scheduled Eurogroup meeting on Saturday afternoon, whereby details of a rescue plan from Greece’s creditors was to be discussed with Greek...

  • Cautious Merkel on verge of biggest risk with ‘Grexit’

    Cautious Merkel on verge of biggest risk with ‘Grexit’

    “If you break it, you own it,” former US Secretary of State Colin Powell warned President George W. Bush before his invasion of Iraq. Whether it will ever be fair to blame Angela Merkel for “breaking” Greece is debatable. But if the eurozone’s...

  • Money market report for the week ended June 26

    On Monday, June 22, the European Central Bank announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, June 23, and attracted bids from euro area eligible counterparties of €88.23 billion, €1.42 billion lower...

  • China to hold some veto powers in new Asian bank

    China to hold some veto powers in new Asian bank

    China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), its finance ministry said yesterday, giving it a veto in some key decisions despite Beijing insisting it will not have such powers. Delegates from...

  • Stocks, yields drop as Greece veers towards debt default; euro up

    US stocks added to a global selloff yesterday as Greece veered towards a default on its debt, while the euro recovered from early sharp loss to turn higher against the dollar. Greece will not pay a €1.6 billon loan instalment due theInternational...

  • Tunisia tourism suffers after attack

    Tunisia tourism suffers after attack

      Tunisians are fearing for their livelihoods as the tourist industry suffers in the wake of Friday's beach bloodshed.   "I'm very happy that the tourists stay in Tunisia and support the country. It's very very good thinking, you know, but I'm...

  • Case for occupational pension schemes

    Case for occupational pension schemes

    The debate on the strengthening of our pension system is back on the national agenda of issues that will affect our society. The latest report of the Pensions Strategy Group contains a number of tactical measures that reinforce the national...

  • No longer so secret, Swiss banks looking to expand after purge

    No longer so secret, Swiss banks looking to expand after purge

    Switzerland’s private banks are close to ridding themselves of undeclared European accounts, a salutary process but one which has undermined efforts to grow their businesses. Following the financial crisis, cash-strapped governments chased...

  • ­­­Shipping movements

    The following ships are expected in Malta: The CMA CGM Gemini from Le Havre to Khor al Fakkan, the Nicola from Algiers to Algiers, the CMA CGM Medea from Fos-sur-Mer to Suez (all CMA CGM Malta Agency Ltd), the Schubert from Antwerp to Haifa, the...

  • Malta is top performer in broadband network

    Malta is top performer in broadband network

    The latest Digital Agenda Scoreboard once again ranks Malta first, among the 28 EU member states, in next generation broadband network coverage. Malta also climbed two places, ranking ninth overall, from 11th in 2013, in the connectivity segment...

  • Merged PV loan scheme launched

    Merged PV loan scheme launched

    Bank of Valletta and GRTU have merged their individual schemes to come up with a solution to help customers wishing to purchase ‘green’ products. The BOV Eco loan-GRTU scheme is the result of an amalgamation of GRTU’s Photo Voltaic Purchase...

  • MFSA warning about Wire Prepay

    The Malta Financial Services Authority has become aware of an entity operating under the name Wire Prepay, which purports to be a ‘financial company’ authorised to offer prepaid cards, credit cards and debit cards, as well as payment processing...

  • Island interim results hit by Radisson shutdown

    Island interim results hit by Radisson shutdown

    The financial results of the Island Hotels Group for the first six months of the year, the low period of the group’s trading cycle, were, as expected, significantly affected by the planned closure for refurbishment of the Radisson Blu St Julian’s,...

  • New euro coin set from CBM

    New euro coin set from CBM

    The Central Bank of Malta has issued a new euro coin set dated 2015. The set incorporates the eight Maltese euro coins as well as a €2 coin commemorating Malta’s change of status to a Republic in 1974. This coin is the fifth and final one in the...

  • €500m fund for social and micro-entrepreneurs

    Social and micro-enterprises in Europe will soon have access to over €500 million in finance, as the result of a new agreement signed between the European Commission and the European Investment Fund (EIF). Support will be made available under the...

  • 140,000 more apprenticeships made available to young people

    Forty companies and organisations have joined the European Alliance for Apprenticeships, coordinated by the European Commission, committed to providing more and better apprenticeships for young people. The companies will make a total of 140,000...