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  • Greece needs more debt relief – IMF

    The International Monetary Fund (IMF) questioned Greece’s ability to deliver on promised bailout reforms and warned in its clearest message yet that the eurozone must commit to debt restructuring to ensure that the latest bailout programme will...

  • Company briefs

    Vodafone Malta is giving its prepaid customers a range of gifts each time they top-up during the months of July and August. The gifts consist of a choice of three different free bundles: a mobile internet bundle; a call-time bundle; or an SMS bundle.

  • Co-operatives and the fair society

    Co-operatives and the fair society

    This year’s theme for the International Day of Co-operatives is centred around the aspect of equality and the role of co-operatives in making our societies fair and sustainable. With the advent of globalisation, there were dreams of a more...

  • Furniture brand extends concept showroom

    July 10 marked the end of a two-year investment phase, whereby following the introduction of the Pensarecasa brand in 2014, Rustica has now opened an extension of the concept showroom to showcase a selection of competitively-priced products for...

  • Employment law free webinar

    A free 90-minute webinar is being organised by the Employment Law Alliance on Wednesday, entitled ‘Privacy rights in the workplace for employees in Africa and the Middle East’. For employers with operations in Africa and the Middle East, the...

  • New Silkroutes Group in innovation drive to shape energy, technology portfolio

    New Silkroutes Group Ltd will be trading under a new corporate identity. This was announced by NSG chairman Cai Sui Xin, who said that the changes in the company better reflected a broader business commitment and the earlier appointment of new...

  • Property consultants receive Coldwell Banker training

    Property consultants receive Coldwell Banker training

    A number of Coldwell Banker Paramount Realty property consultants have completed an intensive course that further prepares them for their career in real estate. Coldwell Banker Malta managerial director Hermann Mallia said it is critical for new...

  • PKF Malta presents report on Solvency II

    PKF Malta presents report on Solvency II

    PKF Malta, in collaboration with Finance Malta, carried out a survey to measure the impact of the Solvency II regulation on Maltese insurers. The results were presented during a workshop at Finance Malta’s annual conference held recently. A copy...

  • Samsung scrapes to victory in proxy battle over $8bn merger

    Samsung scrapes to victory in proxy battle over $8bn merger

    Samsung Group’s founding family yesterday scored a narrow win in a landmark proxy battle, fending off an activist investor opposed to an $8 billion deal that cements its grip as a new generation prepares to take the reins of South Korea’s biggest...

  • Toshiba probe finds top executives involved in company-wide scandal

    Toshiba probe finds top executives involved in company-wide scandal

    A panel investigating an accounting scandal at Toshiba Corp. has found that top executives were involved in improper practices, confirming the institutional nature of the abuses, a person directly involved in the investigation said...

  • Yellen says open to raising threshold for systemic banks

    Federal Reserve chair Janet Yellen said on Thursday she was open to raising a threshold for determining a bank’s systemic importance and indicated that US lenders had made progress in their submissions of so-called living will plans this...

  • Four equities close at record high

    The Malta Stock Exchange index added a further 0.65 per cent to its ongoing upward streak, to close at 4,155.626 points. Activity was spread across 17 equities of which eight gained ground, five declined and four closed unchanged as turnover...

  • Mixed corporate results hit shares as dollar edges higher

    Stocks worldwide slipped yesterday after disappointing corporate results from companies such as Boeing and Volvo and after a recent rally fuelled by expectations for a Greek debt deal faded, while the US dollar gained on strong US inflation and...

  • Online gambling firm 888 to buy Bwin.party in cash and stock deal

    Online gambling firm 888 to buy Bwin.party in cash and stock deal

    Online casino and poker firm 888 said yesterday it had agreed to buy larger rival Bwin.party Digital Entertainment in a cash and stock deal worth almost £900 million ($1.4 billion). 888, which rejected a takeover by Britain’s biggest bookmaker...

  • Google’s profit rallies

    Google’s profit rallies

    Shares of Google Inc. rose nearly 12 per cent after the web search leader’s profit beat forecasts for the first time in the last six quarters, boosted by strong advertising revenue. Google rallied to $673.50 in extended trading, an all-time high...

  • BT could be broken up to improve Britain’s broadband networks

    Britain’s telecoms regulator is seriously considering a break up of dominant provider BT, after rivals accused it of abusing its market position and failing to invest in the broadband networks they rely on. Ofcom floated the idea of a forced...

  • GE offers bid concessions

    US conglomerate General Electric has offered concessions in an attempt to counter EU regulatory concerns about its €12.4 billion bid for French peer Alstom’s power unit, its biggest ever acquisition. The company submitted its proposal on Thursday...

  • Daily currency report

    With markets back to focusing on global interest rates, the US dollar fared buoyantly, rising to its strongest in seven weeks against the euro and to fresh six-year peaks against peers from Canada, Australia and New Zealand. Fears over Greek debt...

  • Share index reaches new 7-year high

    The share index jumped 0.9 per cent during this morning’s session to reach a fresh seven-year high of 4,155.626 points as various equities trended in positive territory. Most notably, the equity of HSBC moved 3.9 per cent higher to regain the...

  • The five presidents’ report

    The past few weeks have been dominated by the issue of the Greek sovereign debt. However, there has been an equally important development whose impact is probably likely to be very significant. I am referring to what has been referred to as the...