News
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Thursday, May 10, 2012
P.Cutajar & Co moves to San Gwann
P.Cutajar and Co Ltd, one of Malta’s longest established importers and distributors of fast moving consumer goods, has relocated to San Gwann. Tony Zammit Cutajar, chief executive officer, said: “This is the fourth move in our history that spans...
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Thursday, May 10, 2012
Seminar on protection of cash flow
The Malta Institute of Accountants and the Malta Association of Credit Management have teamed up to organise a seminar to address critical matters related to the protection of cash flow. This seminar qualifies for three hours of structured CPE...
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Thursday, May 10, 2012
Forestals supply information kiosks
Forestals have been appointed the suppliers of digital information kiosks for the local councils’ EGOV4U project. The information kiosks, known as access points, were launched by Carmelo Mifsud Bonnici, Minister of Home Affairs and Local Government,...
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Thursday, May 10, 2012
Opel launches five year warranty programme
Cars International, the official distributors for Opel in Malta, has launched an Opel five year warranty programme on the whole model range. The programme offers a no mileage limit for the first two years and up to an overall limit of 100,000...
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Thursday, May 10, 2012
Talk on creative thinking
David Hall, an internationally acclaimed speaker, has been invited by Quad Consultancy to deliver a presentation on creative thinking at the Marina Hotel, Corinthia Beach Resort, St Julian’s on May 25. The morning event will help managers and...
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Thursday, May 10, 2012
Financing projects to promote equality and inclusivity
The Planning and Priorities Coordination Department (PPCD) at the Office of the Prime Minister has announced the launch of a ninth call for project proposals to be part-financed by the European Union under the European Social Fund (ESF)...
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Wednesday, May 9, 2012
HSBC unveils big profits
Europe’s biggest bank HSBC unveiled big first-quarter profits yesterday, helped by growth in emerging markets and higher income from its investment banking division. HSBC said underlying pre-tax profits jumped by 25 per cent to $6.8 billion (€5.2...
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Wednesday, May 9, 2012
EU calls ‘growth summit’ for last week in May
European Union leaders will meet on May 23 for extraordinary talks expected to focus on how to boost growth. EU President Herman Van Rompuy announced the date for an “informal dinner of heads of state or government” on Twitter. The talks precede a...
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Wednesday, May 9, 2012
European stocks, euro hit by renewed tension
European stock markets plummeted yesterday and the euro also fell against the dollar, with sentiment dominated by uncertainty in the eurozone after weekend elections in France and Greece. In London, the FTSE 100 index ended the day with a loss of...
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Wednesday, May 9, 2012
Warning strike
Employees of German car manufacturer Opel in a rally in front of the historical headquarters of the company in Ruesselsheim, 20 kilometres from Frankfurt, yesterday. Thousands of Opel employees took part in a warning strike to demand 6.5 per cent...
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Tuesday, May 8, 2012
Money market report for week ended May 4
On Thursday, May 3, the Governing Council of the ECB decided to keep the interest rate unchanged at one per cent on the main refinancing operations (MROs). Interest rates on the marginal lending facility and on the deposit facility were also left...
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Tuesday, May 8, 2012
Renegotiating EU fiscal pact is not possible, says Germany
The German government yesterday ruled out reworking the European Union’s fiscal pact despite calls to do so by French President-elect François Hollande. “It is not possible to renegotiate the fiscal pact,” government spokesman Steffen Seibert told...
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Tuesday, May 8, 2012
European stocks advance after Greek, French votes
Most European stock markets closed higher yesterday despite the prospects for political and financial turmoil in Greece following general elections there a day earlier. London markets were closed, but in Paris the CAC 40 index erased early losses...
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Tuesday, May 8, 2012
Spain reluctantly swoops to save its major bank
Spain will reluctantly swoop in with public money this week to clean up bad loans at its largest group of savings banks, Bankia, the government said yesterday. Bankia, Spain’s fourth-biggest listed bank created from a merger of seven savings banks,...
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Tuesday, May 8, 2012
Daily currency report
The euro weakened to a more than three-month low after François Hollande was elected President of France while Greek voters flocked to anti-bailout parties, stoking concern austerity efforts in Europe may be derailed. The 17-nation currency slid for...
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Monday, May 7, 2012 by
Mario Duca
One big legal vacuum
Awareness of family business public policy issues has been non-existent in Malta, but now things are changing thanks to the annual Family Business Conference and more recently through the establishment of the Malta Association of Family Enterprises.
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Monday, May 7, 2012 by
Laura Tyson
The corporate-tax conundrum
The United States currently has the highest statutory corporate-income tax rate among developed countries. Even after various deductions, credits and other tax breaks, the effective marginal rate – the rate that corpor-ations pay on new US...
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Monday, May 7, 2012
Eurozone business plummets in April
Eurozone private sector activity fell sharply in April, with powerhouse Germany grinding to a halt and the bloc's weaker southern members struggling badly, a key survey has showed. The Purchasing Managers Index (PMI) compiled by the London-based...
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Monday, May 7, 2012 by
Thomas Smith
Shipping movements
The following vessels are expected in Malta: The Stadt Hemein from Ghazaouet to Algiers, the CMA CGM Corte Real from Port Klang to Tanger Med, the Marguerite from Sfax to Oran and the CMA CGM Gemini from Le Havre to Khor Fakkan (all Carmelo...
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Sunday, May 6, 2012 by
Joanna Ripard
Common fiscal policy can become reality, says HSBC global economist
A common fiscal policy for the eurozone, the prospect European politicians have staved off for years, may become a reality – at least in part – sooner than people think, HSBC’s senior global economist Karen Ward told The Sunday Times. In her...
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