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  • Toyota to recall 6.5m vehicles

    Toyota Motor Corp. in its second-largest recall announcement, said yesterday that it would call back 6.39 million vehicles globally after uncovering five different faults involving parts ranging from steering to seats. A number of Maltese owners...

  • Forfaiting: The alternative approach to export trade finance

    In many markets, buyers are likely to put more emphasis on cash flow rather than cash price. This is particularly true in emerging economies, where the availability of extended payment terms can greatly improve exporters’ chances of winning a...

  • P. Cutajar unveils own food brand

    P. Cutajar launched its first own food brand after almost 150 years in business as a leading importer and distributor of wines, spirits, food and confectionery. Olly’s Premium Eats is a range of six frozen premium meat products, including burgers,...

  • Exports down 3% in January/February

    Exports decreased by 3 per cent in the first two months of the year, according to the National Statistics Office, but when the increase in fuel and lubricant exports is factored out, the decrease in the other categories was nine per cent. The...

  • Banif team stalks ghosts in Vittoriosa

    Banif employees took to the streets and alleyways in Vittoriosa for a fun night of ghost stories, organised by the new Sports and Social Committee, freshly voted in for the year. As one of the oldest cities on the island, Vittoriosa was home to...

  • Road safety campaign targeted for children

    Middlesea Insurance and Fundacion Mapfre have launched a second school campaign to promote road safety to pupils aged 11 to 13 years. The campaign will reach more than 4,300 student in Form 1 and 2 from schools across Malta and Gozo. Road safety...

  • Cordium group acquires Zodiac Advisory Services

    Cordium, a global compliance consulting and software provider to the financial services industry, has acquired Zodiac Advisory Services, a provider of compliance, risk, accounting and governance services for the investment management industry in...

  • Campaign calls on employers and workers to tackle stress

    The European Agency for Safety and Health at Work (EU-OSHA) launched a two-year Europe-wide campaign, ‘Healthy workplaces manage stress’. The prevalence of work-related stress in Europe is startling. EU-OSHA’s latest pan-European opinion poll...

  • Company briefs

    Emirates has launched the Emirates App for iPad which allows customers to book flights, select seats and meals, manage their Emirates Skywards frequent flyer accounts, check in online, and download their boarding pass directly from the app, among...

  • BOV’s rebound reversed

    The 5.2 per cent rebound recorded during yesterday’s session in the share price of Bank of Valletta plc was almost completely reversed today as the bank’s equity slid 4.8 per cent lower, back to the €2.30,5 level on volumes of 34,105 shares. OV...

  • IMF sees rich nations propelling global growth but risks linger

    The International Monetary Fund yesterday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic snapshot, the...

  • British economy basks in factory growth, IMF upgrade

    Britain got a double boost yesterday as its recovery from recession gathered more momentum and the International Monetary Fund raised the country’s growth forecasts by more than for any other major economy. Factories expanded production far more...

  • UK’s big four grocers losing market share to discounters

    Britain’s big four grocers – Tesco, Wal-Mart’s Asda, Sainsbury’s and Morrisons – all lost market share over the last three months to discounters Aldi and Lidl, industry data showed yesterday. The data from market researcher Kantar Worldpanel...

  • World stocks steady, dollar and euro sag

    The dollar and euro fell sharply against the yen yesterday as hopes for additional stimulus out of Japan faded, while world equity markets were relatively stable after three days of losses. Wall Street clawed back some ground after three days of...

  • Germany, EU clinch deal on renewable surcharge rebate

    Germany and the European Commission have reached an agreement on exemptions to renewable energy surcharges that benefit some German industrial companies, government and industry sources told Reuters yesterday. The sources said final details of the...

  • Samsung’s lower Q1 estimate highlights smartphone challenges

    Samsung Electronics Co. Ltd yesterday said it is on track to post its second straight quarter of profit decline, as slowing smartphone sales growth continued to weigh on earnings. The South Korean tech giant estimated that its January-March...

  • Daily currency report

    The euro’s decline to six-week lows against the US dollar has not lasted long and further downside could be put on hold. There are a couple of factors that could be lending some support to the single currency. First, economic data continues to...

  • BOV share price rebounds

    The share price of Bank of Valletta plc jumped by 5.2 per cent today to regain the €2.42 level on volumes of 28,122 shares. The equity has been recovering from its recent low of €2.18 ahead of the interim results publication due by the end of...

  • World Bank trims China, East Asia 2014 forecasts

    The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region’s economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade. The Washington-based development...

  • Money market report for the week ended April 4

    On Thursday, April 3, the Governing Council of the European Central Bank (ECB) decided to keep the interest rate on the main refinancing operations (MRO) unchanged at 0.25 per cent. Interest rates on the marginal lending facility and on the...