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  • Unhappy Yahoo investors are asking AOL for rescue

    At least two top-10 Yahoo Inc. shareholders are so unhappy with chief executive Marissa Mayer’s turnaround efforts that they are making a direct plea to AOL Inc. CEO Tim Armstrong to explore a merger and run the combined company. Their move...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Corte Real from Le Haver to Khor al Fakkan, the Mozart from Valencia to Livorno, the Hansa Narvik from Alexandria to Mersin, the El Toro from La Goulette (all Carmelo Caruana Co. Ltd) and the...

  • Bank of England sees inflation below 1%

    British inflation is likely to fall below 1 per cent in the next six months, the Bank of England said yesterday, giving tacit endorsement to markets’ view that it will not raise interest rates until late next year. The central bank said that since...

  • Regulators fine global banks $3.4 billion in forex probe

    Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup yesterday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland and JP Morgan...

  • US stocks slip from record highs as price of Brent falls

    US stock prices fell from record highs yesterday led by weakness in the financial sector due to five banks paying fines to settle charges of currency rigging, while the oil market sagged on concerns about a supply glut, keeping benchmark Brent...

  • MIA reaches new all-time high

    MIA reaches new all-time high

    The equity of Malta International Airport had a volatile session as it opened 0.9 per cent higher at the €2.35 level before slipping to an intra-day low of €2.33. However, in the last moments of today’s trading session, new bids emerged to lift...

  • Freedom to provide services

    The right of European citizens and companies alike to provide services in any EU member state of their choice has once again been given a wide interpretation by the Court of Justice of the European Union. It is illegal for a member state to tax...

  • Vodafone lifts its forecast as new offerings boost demand

    Vodafone lifts its forecast as new offerings boost demand

    Vodafone, the world’s second-biggest mobile operator, nudged its full-year earnings forecast higher yesterday as improving demand in its big European markets and an investment push into new products helped reduce a drop in revenues. Faced with...

  • Russian central bank buys up domestic gold output as sanctions bite

    Russia’s central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said. Most...

  • London’s ‘Gherkin’ tower sold to Brazilian billionaire

    London’s ‘Gherkin’ tower sold to Brazilian billionaire

    London’s landmark ‘Gherkin’ office tower has been sold to investment company Safra Group, controlled by Brazilian-Lebanese billionaire Joseph Safra. The office tower was placed into receivership by its creditors, accountancy firm and joint...

  • US stocks dip as Brent crude hits 4-year low

    US stock prices dipped yesterday after the Dow and Standard & Poor’s 500 hit record intraday highs for a fifth straight session, while the dollar rose against the yen on the prospect of a delay in a planned sales tax hike in Japan. Oil prices fell...

  • China, US reach breakthrough in talks on IT free trade deal

    China, US reach breakthrough in talks on IT free trade deal

    China and the US have reached a breakthrough in talks on eliminating duties on information technology products, a deal that could pave the way for the first major tariff-cutting agreement at the World Trade Organisation in 17 years. The...

  • BOV and HSBC trade in opposite directions

    BOV and HSBC trade in opposite directions

    The MSE Share Index registered its third consecutive uplift with a further marginal increase to 3,333.552 points on the stock exchange today. This was largely due to the 0.4% rise in the share price of Bank of Valletta plc to yet another 7-month...

  • How to be a stand-out SME

    How to be a stand-out SME

    As an SME it is hard to be seen and stand out. A European SME is one of almost 21 million, and the SME segment in Europe represents 99.8 per cent of the total population of enterprises. This is a segment which employs 87 million workers – two...

  • Money Market Report for the week ending November 7, 2014

    On Thursday, November 6, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO) and the interest rates on the marginal lending facility and the deposit facility will remain...

  • G20 proposes buffer to end too big to fail banks

    G20 proposes buffer to end too big to fail banks

    The world’s biggest banks should hold a buffer of bonds in case of a collapse so that government bailouts are avoided, a global regulatory body proposed yesterday. The draft rule is the last major piece of banking reform put forward by world...

  • China, South Korea sign ‘substantial conclusion’ of free trade agreement

    China, South Korea sign ‘substantial conclusion’ of free trade agreement

    Chinese and South Korean leaders on Monday signed a “substantial conclusion” of a free trade agreement that will sharply reduce barriers to commerce between the two trading giants, but leaves in place those on rice and automobiles. South Korea...

  • Landmark China deal helps to lift share markets

    A landmark deal to give global investors easier access to China's $3.9 trillion stock market helped lift world share markets to their highest level in more than a month yesterday. Wall Street edged higher, taking major averages further into record...

  • Rising inequality troubles some business leaders

    Rising inequality troubles some business leaders

    When Pope Francis speaks out, as he regularly does, about the widening gap between the rich and the poor in Western economies, many acknowledge his pious intentions but politely write off his recommendations on how to distribute economic wealth...

  • Risk culture at the forefront of banks’ agenda – EY survey

    Risk culture at the forefront of banks’ agenda – EY survey

    EY’s annual risk management survey of major financial institutions, Shifting Focus: Risk Culture at the Forefront of Banking, shows that in the past year, banks have made dramatic shifts in their attention to risk culture, but much more work...