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  • Implications of the European audit reform

    Implications of the European audit reform

    When Michel Barnier became European Commissioner for DG Internal Market in February 2010, he made it an objective to pursue three major reforms, one of which being a European audit market reform. After the financial crisis of 2008, it became...

  • Oil prices drop on hopes of Iran nuclear agreement

    Oil prices drop on hopes of Iran nuclear agreement

    Oil prices fell yesterday as spare oil storage capacity runs low and a potential agreement in nuclear talks with Tehran opened the prospect of more Iranian exports, should sanctions be eased. US crude fell to $43.57 in early trading, its lowest...

  • New rules for UK bankers to include annual health check

    New rules for vetting and making bankers directly accountable for their actions will include an annual health check by their employer, Britain’s financial regulator said yesterday. The new rules, that aim to make it easier for regulators to punish...

  • Money market report for the week ended March 13

    On Monday, March 9, the European Central Bank announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €141.84 billion, €6.01 lower than the bid...

  • Low oil prices drive recovery in eurozone

    Low oil prices drive recovery in eurozone

    After a year of tentative recovery in 2014, the eurozone has moved into 2015 aided by two important growth drivers: sharply lower oil prices and QE, according to the March 2015 issue of the EY Eurozone Forecast (EEF). These two factors will...

  • Euro rises by 0.9% and US shares climb

    The dollar weakened broadly yesterday ahead of the Federal Reserve’s policy meeting on worries that the US central bank could become more cautious about raising interest rates, while Wall Street stocks rose because the greenback’s fall eased...

  • Global recovery fragile but India a bright spot – Lagarde

    Global recovery fragile but India a bright spot – Lagarde

    The global recovery is “too slow, too brittle and too lopsided”, the head of the International Monetary Fund said in India yesterday, describing Asia’s third-largest economy as a rare bright spot on a cloudy global horizon. In a speech in New...

  • MSE Share Index extends gains

    The MSE Share Index extended recent gains, edging up for the thirteenth consecutive session as trading activity remains strong with €0.43 million worth of shares changing hands during this morning’s trading sessions The local equity benchmark...

  • Midi in talks on new Manoel Island investment

    Midi in talks on new Manoel Island investment

    Midi, the company responsible for the Tigne’ Point and Manoel Island projects, has announced it is in talks with third parties which have expressed an interest to invest in the Manoel Island project. It said that subject to the fulfillment of its...

  • The economy and its many shades of grey

    The economy and its many shades of grey

    The impact of the shadow economy on the official economy is rarely discussed in any meaningful way in political and social forums. Occasionally we hear comments by political leaders hinting that the failure of certain policies is attributable to...

  • Euro’s plunge against dollar testing decades-old support

    Euro’s plunge against dollar testing decades-old support

    The euro’s plunge against the dollar is not quite off the charts, but analysts of price patterns and historical trends reckon it is poised to threaten barriers that have held for decades. Pummelled on one side by the start of a €1 trillion...

  • Improvement in key data may represent signficant turn in the eurozone economy

    The recent improvement in some key eurozone economic data represents a significant turn in the economy, according to a Reuters poll of economists, although they still see a one-in-four chance of Greece leaving the currency area. Many of the most...

  • ­­­Shipping movements

    The following ships are expected in Malta: The AS Cypria from Tanger Med to Gebze, the CMA CGM Amerigo Vespucci from Le Havre to Khor al Fakkan, the CMA CGM Racine from Genoa to Port Said, the Elbella from Mersin to Mersin (all Carmelo Caruana Co.

  • Efforts under way to avert trucking crisis

    A number of high-level meetings are scheduled for this week in an effort to avert a crisis in the overseas trucking sector, which is finding it nearly impossible to get motor insurance. The impasse will affect hundreds of existing trucks as their...

  • Go plc wins Champions League rights until 2018

    Go plc wins Champions League rights until 2018

    Go Sports subscribers will continue to enjoy live coverage of the Uefa Champions League until 2018. Uefa announced that it has awarded the media rights for Europe’s leading club football competition to Go plc for a further three seasons. In...

  • Lombard pre-tax profit drops 11.3% to €6.24m

    The Lombard Bank Group make a pre-tax profit of €6.24 million for the year ended December 31, 2014, 11.3 per cent lower compared to €7.03 million in 2013. The group consists of Lombard Bank Malta and Redbox, via which shares in Maltapost are...

  • Middlesea Group profit remains stable at €17m

    Middlesea Insurance announced that total group profit before tax for the year ending December 31, 2014, amounted to €17.31 million, exactly the same as the previous year. The parent company registered a satisfactory result on its operations with a...

  • EY forecasts Maltese growth of 2.7%

    EY forecasts Maltese growth of 2.7%

    The Spring EY Eurozone Forecast (EEF) is expecting the Maltese economy to grow by 2.7 per cent in 2015 and 2.3 per cent in 2016, remaining ahead of the eurozone average. Based on publicly available data as at the end of February 2015, EEF...

  • Premium Content winners get conference passes

    Premium Content winners get conference passes

    Times of Malta teamed up with Business Leaders Malta for their annual conference held on February 27 at the Radisson Golden Sands, Għajn Tuffieħa. This year’s theme was ‘Knowledge is everything’ and explored the value of knowledge and the effect...

  • Paragon Malta aims Water Week at SMEs

    Paragon Europe is hosting Malta Water Week between March 23 and 27 at the Excelsior Hotel, aimed at encouraging SMEs to seek funding for their water-related projects. Paragon Europe is a Maltese company that helps local and international companies...