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  • Interim financial results dominate week

    The Malta Stock Exchange index marginally recouped last week’s 1.2 per cent loss with a 0.22 per cent gain, to close at 4,426.111 points. Turnover amounted to €836,684 and was spread across 16 equities of which six fell, seven advanced and three...

  • Modest eurozone economic growth masks diverging performance around bloc

    Eurozone economic growth halved in the second quarter to a modest pace, as a mild slowdown in Germany was overshadowed by a surprise stagnation in Italy, offering scant hope of a decisive rebound for the currency bloc as a whole any time soon. The...

  • Company briefs

    The Fimbank Group returned to profitability for the first time since June 2014, with interim financial reports showing a profit after tax of $1.21 million for the period ending June 30, 2016, compared to a loss of $8.64 million for the same...

  • Daily currency report

    For the first time in their 300-year history, UK yields traded in negative territory this week as the bond rally driven by BoE purchases and safe haven flows welcomed the UK into an environment that has been dominated by Japan, Switzerland and...

  • RS2 retreats to its lowest in 7 months

    The share index extended yesterday’s decline by a further 0.43 per cent to 4,426.111 points on low volumes. The declines in RS2, BOV and Medserv outweighed the marginal gain registered in the equity of Mapfre Middlesea. Week-on-week, the index...

  • Europe's biggest software maker is ditching annual performance reviews

    Europe's biggest software maker is ditching annual performance reviews

    Germany's SAP, maker of software used to grade the performance of millions of employees worldwide, is ditching its own annual performance reviews as too expensive, time-consuming and often demotivating. Once championed by business leaders as the...

  • Gender equality in business

    There has been a great deal of effort in the last 20 years to remove gender discrimination in society as a whole. One of the areas where this was felt absolutely necessary is the labour market, at all its levels. This did not just happen in Malta.

  • Swiss court backs Iran in decades-old oil row with Israel

    Swiss court backs Iran in decades-old oil row with Israel

    Switzerland’s highest court has ordered Israel to pay Iran around $1.1 billion plus interest in a decades-old dispute over a secretive oil pipeline company predating the 1979 Islamic revolution which made the countries enemies. The Swiss Federal...

  • US and European shares gain as oil prices surge 3%

    Stocks on major world markets gained yesterday, while oil prices surged more than three per cent on buying triggered by comments from an Saudi oil minister and a forecast that crude markets are set to tighten. Major US stock indexes gained,...

  • EU’s bank rescue chief sees no exceptions to bail-in rules

    Creditors would be hit if a European bank failed and no exceptions to this ‘bail-in’ rule were being considered, the chief of the European Union’s bank rescue body said. Aimed at ending taxpayer-funded bailouts, the bail-in regime, which could...

  • FIMBank share price drops below $1

    The share index failed to register a three-day positive streak as it slipped by 0.22 per cent today to 4,445.204 points. Most of the today’s trading activity took place in the equity of FIMBank which declined by 3.6 per cent to the 98cUS level...

  • ‘Self-driving’ in spotlight again as autopilot car crashes in China

    ‘Self-driving’ in spotlight again as autopilot car crashes in China

    Tesla said yesterday that one of its cars had crashed in Beijing while in ‘autopilot’ mode, with the driver contending sales staff sold the function as ‘self-driving’, overplaying its actual capabilities. Tesla said it had reviewed data to confirm...

  • Venezuela tries to rally support for oil producer meeting

    Venezuela said it was trying to rally support for a meeting of oil producers to agree measures to prop up oil prices, the struggling Latin American country’s biggest source of income. Venezuela, a member of the Organization of the Petroleum...

  • Eurostar train staff to strike for seven days, UK union says

    Train managers on the Eurostar line linking Britain to continental Europe will strike for a total of seven days in August because of a long-running dispute over anti-social working hours, Britain’s RMT rail union yesterday. The RMT said the strike...

  • Shipping movements

    These ships are expected in Malta: The Karina from Tobruk to Sousse, the CMA CGM Matisse from Algeciras to Livorno, the Sagitta from Tanger Med to Gebze, the CMA CGM Musca from Djibouti to Valencia (all CMA CGM Malta Agency Ltd), the MSC Daniela...

  • Peppa Pig owner Entertainment One rejects £1bn offer from ITV

    Peppa Pig owner Entertainment One rejects £1bn offer from ITV

    Canada’s Entertainment One, the owner of children’s TV brand Peppa Pig, said it had rejected a £1 billion takeover offer which, according to a source, came from broadcaster ITV. “The board of eOne has reviewed the proposal and has unanimously...

  • Oil slides, drags on energy shares as dollar weakens

    Oil prices fell yesterday after a surprise build in US crude inventories, while the dollar gave up recent gains as investors awaited direction on a potential interest rate hike. Wall Street weakened in morning trading after oil turned lower, as...

  • Prospects looking good

    Prospects looking good

    The government is planning to announce fiscal incentives in the coming Budget to cover the Prospects product launched earlier this year by the Malta Stock Exchange. Prospects was launched last February to offer a cost-effective alternative source...

  • Divided we fall…

    Divided we fall…

    It seems unlikely that the Trans Pacific Partnership will be approved by the US Congress. What hope then for the TransAtlantic Trade and Investment Partnership (TTIP)? That is only one of the many issues facing this historic deal, as Vanessa...

  • Many hands make light work

    Many hands make light work

    In just seven months since it was launched by the University of Malta and the Malta Business Bureau, crowdfunding platform Zaar has already attracted 21 projects, manager Matthew Caruana said. Of these, eight were successful, eight unsuccessful...

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