News
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Defensive weakness takes European shares off highs
European stocks slipped yesterday as investors cashed in their recent gains on defensive shares, but technical support helped the market maintain its bullish tone and stay near recent multi-year highs. The eurozone’s Euro STOXX 50 index dropped 0.4...
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Daily currency report
The Australian and New Zealand dollars were in the spotlight again, producing a surprise turnaround, while sterling is set to take centre stage in the European programme as the Bank of England prepares to announce its latest monetary policy. Robust...
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BOV’s equity continues to recover from mid-week decline
The equity of Bank of Valletta plc continued to recoup some of last Wednesday’s six per cent drop. Following yesterday’s 2.4 per cent increase, the share price advanced by a further 2.7 per cent during this morning’s session to regain the €2.21...
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EU proposal to make it easier for consumers to switch bank accounts
Europeans will find it easier to open and switch bank accounts and know what fees they are being charged under new rules proposed by the European Commission yesterday. The proposal, which could become law in the European Union in three years,...
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Young professionals seek more flexibility, overseas opportunities
Millennials, the keenly watched new-generation professionals, seek more workplace flexibility, better work-life balance, and overseas assignment opportunities, a global, two-year study commissioned by PricewaterhouseCoopers has found. More than...
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Finance professional opens London real estate company
Former Global Capital chief executive Nicholas Portelli has established Hyde Park Residential, a real estate search and acquisition specialist based in Chelsea. Having been based in London for the past few years after taking up his previous post as...
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Almost half a million travel on Malta-Dubai route
Emirates has carried more than 490,000 passengers between Malta and Dubai since the airline began to operate the route 15 years ago, according to country manager Paul Fleri Soler. The Dubai-based airline, which now operates a daily service on the...
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New language school opens at Bay Street
Language school Ace English Malta has opened at Bay Street in St Julian’s, following an investment of €1.5 million. Situated on Level 4, with a dedicated entrance off a large terrace, Ace English aims to bring a freshness and enthusiasm to English...
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Opportunities and risks in Libyan infrastructure growth
Mohammed Bouazizi, a young unemployed graduate, started off a dramatic chain of events when he began to sell vegetables from a market stall in Tunis on December 17, 2010. When police seized his stall, he set fire to himself in protest and...
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Facilitating access to finance for SMEs
The European Commission has introduced an information campaign aimed at facilitating access to equity markets for small and medium-sized enterprises. The EC believes that although the growth and innovation of European SMEs is the key to economic...
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Success of content-driven sites ‘skyrockets’
With more than 18 billion searches for information every month, rich, searchable content is increasingly driving every thoroughfare of traffic across the internet. As a result, is it imperative for content companies to stay on top of the trends that...
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Misco to run two CIM programme
Misco is to run two one-year Chartered Institute of Marketing programmes in June and September. The Chartered Institute of Marketing is the largest and most successful professional marketing institution in the world. Misco is one of some 300...
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CSB Group attracts Sotheby’s International Realty to Malta
Sotheby’s International Realty luxury real estate services are now available locally with the opening of Malta Sotheby’s International Realty, which will be operated by CSB Group. The new firm will serve the high-end residential and commercial real...
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Latest HSBC offering for business customers
HSBC is to offer all business customers the award-winning HSBCnet banking platform that provides enhanced security, better access, and online financial management capabilities through one globally integrated system. The application is currently...
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St Martin’s department head obtains MBA
Alessandra Theuma, head of the Department of Business, Entrepreneurship and Finance at St Martin’s Institute of IT, (left) recently graduated with distinction MBA International Management from Royal Holloway, University of London. A long-standing...
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RS2’s equity closes at new all-time high
The share price of RS2 Software plc traded two per cent higher to reach a fresh all-time high of €1.04 across two deals totalling 18,700 shares. The increase in the share price materialised notwithstanding the equity started trading today without...
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HSBC profits nearly double as costs fall
HSBC reported a near doubling in first quarter earnings yesterday, demon-strating the benefits of a three-year restructuring, cost cuts and a big drop in bad debt charges. Europe’s largest bank has moved faster and more aggressively than many of its...
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Betfair lifts profit forecast in bid to stave off CVC
Online gambling company Betfair raised its profit forecast and cost savings target yesterday, making its case for independence as it tries to stave off a $1.4 billion takeover by private equity firm CVC Capital Partners. Betfair last month rejected...
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Stocks hit new highs
Major stock indexes in Germany and the United States hit all-time highs yesterday after data bolstered expectations that Germany has returned to growth, and a successful bond sale in Portugal indicated the country is on track to exit its...
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Daily currency report
German industrial orders data should underline a more vulnerable euro going forward after the European Central Bank also said that it may consider charging banks to park money in an effort to stimulate the eurozone economy. President Mario Draghi...
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