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  • Dubai World $14.6bn debt deal creditor vote set for March 17

    Dubai World $14.6bn debt deal creditor vote set for March 17

    The court administering conglomerate Dubai World’s restructuring yesterday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal yesterday held its first hearing on...

  • HSBC, IHI drag share index lower

    The share index trended lower for the fifth consecutive session with a further marginal decline during this morning’s session to 3,329.517 points. Today’s decline was due to the losses in HSBC and International Hotel Investments. HSBC initially...

  • Converting a pre-1979 temporary emphyteusis into a lease: is it a violation of owner’s rights?

    Upon the introduction of Act XXIII in June 1979 which amended the Housing (Decontrol) Ordinance, tenants enjoying a temporary emphyteutical concession were given the right to convert the emphyteutical concession into a lease – even if this were...

  • Crude oil prices extend decline as Goldman Sachs slashes forecasts

    Crude oil prices extend decline as Goldman Sachs slashes forecasts

    Oil prices renewed their decline yesterday, dropping below $49 a barrel as Goldman Sachs slashed its short-term forecasts and Gulf producers showed no signs of cutting production. Both Brent and US crude are around their lowest since April 2009...

  • Food issues will not block EU-US trade deal, says German minister

    Disagreements about food safety and farming are not likely to stand in the way of a free-trade agreement between the EU and the US, Germany’s farm minister told Reuters yesterday. The two sides are grappling with how to integrate Europe’s food...

  • Money market report for the week ended January 9

    On Friday, January 2, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Monday, January 5, and attracted bids from euro area eligible counterparties of €112.33 billion, €43.79...

  • Jaguar to challenge luxury SUVs in 2016

    Jaguar to challenge luxury SUVs in 2016

    British carmaker Jaguar, known for its sporty sedans, will launch the F-Pace off-roader in 2016, entering the popular luxury sports utility sector in a departure for the 80-year-old brand. Luxury SUVs have long been built by parent company Jaguar...

  • Stocks fall as oil continues slide

    Stock markets around the world mostly fell yesterday as oil prices showed no sign of escaping their downward spiral, prompting further losses in the beleaguered energy sector. Losses were broad in the US equity market, with eight of the 10 primary...

  • Shire to buy NPS for $5.2bn

    Shire Plc has agreed to buy US group NPS Pharmaceuticals Inc for $5.2 billion, the Dublin-based drugmaker’s biggest acquisition yet as it seeks to strengthen its position in the lucrative field of medicines for rare diseases. The takeover...

  • BOV and HSBC reverse last week’s gains

    BOV and HSBC reverse last week’s gains

    The equities of the two large banks had kicked-off the New Year in positive territory. However, both share prices started to decline during the latter part of last week and this trend continued during this morning’s session of the stock...

  • January sets the tone for equities

    The earning season kicks off today in the US with Alcoa. The fourth quarter of 2014 will be a tale of two earnings seasons: the best of times and the worst of times. Companies that benefit from lower energy prices should generally report positive...

  • Malta shortsea promotion centre

    One of the basic principles of the European Union is the free movement of goods between member countries. However, in reality there are various obstacles, physical and otherwise, which impede the free movement of goods and the European Union has...

  • Bricks and mortar retail in constant decline

    Bricks and mortar retail in constant decline

    The good news coming from the US economic statistics seems to have instilled a small dose of optimism that is evidenced in end of the year spending by households who have struggled for quite a few years. Similarly, the UK economy continues to...

  • For Sony Pictures’ chief executive, cyberattack won’t set studio back

    For Sony Pictures’ chief executive, cyberattack won’t set studio back

    Over the past seven weeks, Sony Pictures’ chief executive has dealt with the fallout from a cyberattack he likens to having your house robbed and burnt to the ground. But the devastating hack, he says, might end up being much less of a disaster...

  • ­­­Shipping movements

    The following ships are expecting in Malta: The Rio Cadiz from Antwerp to Haifa and the Esther Schulte from Algericas to Canakkale (both Thomas Smith), the Stjerneberg from Tripoli, the Saint Roch from Misurata and the Elbdeich from Tunis (all...

  • Property tax “intrinsically wrong” – estate agents

    Property tax “intrinsically wrong” – estate agents

    The final withholding tax on property introduced by the government in the last Budget was “intrinsically wrong” and is having a negative impact on the market, according to the Federation of Real Estate Agents. “The feel-good factor was building up...

  • New deadline set for Film Commission applications

    The deadline for the recent call made by the Malta Film Commis­sion for applications for the Film London Microwave International programme has been extended to January 19. The call offers film training and professional mentorship for the...

  • European Commission publishes TTIP legal texts

    European Commission publishes TTIP legal texts

    The European Commission has published a raft of texts setting out EU proposals for legal text in the Transatlantic Trade and Investment Partnership (TTIP) it is negotiating with the US. This is the first time the Commission has made public such...

  • €500m Malta Government Stocks in 2015

    The Treasury plans to issue a maximum of €500 million worth of Malta Government Stock (MGS) in 2015. The issue will finance central government borrowing requirements for 2015, including the redemption of six MGS issues amounting to €350 million...

  • Exalco building all set to go

    Exalco building all set to go

    Work is set to start soon on the Exalco Group’s new business centre in St George’s Bay. Designed by architects Demicoli & Associates, the new Golden Mile Business Centre, to be built by Schranz Ltd, will be an iconic building named after the...