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  • Vaccines challenge for flu market

    Two tiny companies are preparing to challenge some of the world’s largest drug makers in the battle for dominance in the $3 billion global market for influenza vaccines, armed with little more than tiny tobacco plants. The use of plants to produce...

  • Europe drags on factory data as Ebola stirs caution in US

    Stock markets worldwide launched the fourth quarter on a negative note yesterday, as tepid manufacturing data weighed on European markets and the first confirmed case of Ebola in the US added to growing volatility in US equities. Weak economic...

  • Shipping movements

    The following ships are expected in Malta: The Coneast from Skikda to Skikda, the BF Nilou from Algiers, the Mediterranean Sea from Mersin to Antalya, the CMA CGM Butterfly from Tanger Med to Suez (all Carmelo Caruana Co. ltd) and the Maersk...

  • Farsons’ equity in strong rebound

    Farsons’ equity in strong rebound

    The equity of Simonds Farsons Cisk plc rebounded sharply during this morning’s trading session at the stock exchange, possibly due to the recent announcement confirming plans to spin-off the group’s non-core property assets into a separate...

  • Trademarking product shapes

    The shape of any product cannot be registered as a trademark, the Court of Justice of the European Union recently affirmed. Shapes defined by the function of a product and shapes, which give substantial value to a product with several...

  • Argentina held in contempt over bond payment plan

    Argentina held in contempt over bond payment plan

    In a rare move, a US judge held Argentina in contempt, saying the country is taking “illegal” steps to evade his orders in a dispute with hedge funds over defaulted debt. A source at Argentina’s central bank nevertheless said the country plans to...

  • Eurozone inflation slows in September as was expected

    Eurozone inflation slowed further as expected in September because of falling prices of unprocessed food and energy, a first estimate by the European Union’s statistics office showed yesterday. Eurostat said consumer prices in the 18 countries...

  • Dollar jumps; stocks set for worst quarter since 2012

    The dollar surged yesterday after weak eurozone inflation data for September raised expectations of new stimulus from the European Central Bank, while world stock markets were set for their largest quarterly drop in more than two years. The dollar...

  • iPhone 6 to be sold in China after Apple addresses concerns

    iPhone 6 to be sold in China after Apple addresses concerns

    The iPhone 6 will be sold in China from October 17, after rigorous regulator scrutiny led to Apple Inc reassuring the Chinese government that the smartphones did not have security “backdoors” through which US agencies can access users’ data. Apple...

  • Canada’s Encana to buy Athlon Energy for $5.93bn

    Canada’s Encana to buy Athlon Energy for $5.93bn

    Canada’s largest natural gas producer Encana Corp ECA.TO said yesterday it has agreed to buy Athlon Energy ATHL.N for $5.93 billion in cash, as it accelerates its plan to focus on more lucrative oil and natural-gas liquids (NGLs). The deal, which...

  • EU watchdog to give reasons for Apple inquiry

    The European Commission will today publish its reasons for opening an in-depth inquiry into the Irish government’s tax treatment of Apple, a Commission spokesman said. The European Union’s competition watchdog is looking at whether a number of...

  • Money market report for the week ended September 26

    On Monday, September 22, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, September 23, and attracted bids from euro area eligible counterparties of €90.31 billion, €15.38...

  • Cisco to invest €1bn for cloud computing

    Cisco Systems will invest $1 billion over two years to expand its cloud offerings, the company said yesterday, linking hundreds of data centres and cloud providers around the world in a network with more than 30 partners. The network, called...

  • Swiss bank UBS warns of penalties as forex settlement talks begin

    Swiss bank UBS warns of penalties as forex settlement talks begin

    Switzerland’s largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates. Authorities from around the world are investigating allegations that dealers at...

  • Six years after AIG bailout, trial asks: was it legal?

    Six years after AIG bailout, trial asks: was it legal?

    One of the more unusual trials to come out of the 2008 financial crisis began yesterday, when a federal judge will consider whether the US government’s rescue of American International Group Inc. was, in fact, legal. In a case that explores the...

  • Stocks fall, bonds rise on unrest in Hong Kong

    Global equity markets fell yesterday as civil unrest in Hong Kong weighed on investor sentiment, while Treasury debt prices rose over uncertainty sparked by the protests. Stocks on Wall Street opened sharply lower following declines in Europe and...

  • Reflections on active ageing

    Reflections on active ageing

    The elderly are rarely involved in defining active ageing policies. Policymakers often have clear visions of what they perceive to be the needs of older people. In most cases their prescriptions for healthy living in the latter years of life are...

  • Frankfurt exchange’s China dream turns into nightmare

    Frankfurt exchange’s China dream turns into nightmare

    When Deutsche Boerse set off eight years ago to lure Chinese companies to Germany with fast listings and low fees, it dreamed of one day landing a giant like Alibaba. But as the New York Stock Exchange basks in the $22 billion debut of the Chinese...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Devon Strait from Bejai ato El Khoms, the Taurus J from Annaba to Algiers, the Connorth from Tunis, the Nicola from Algiers (all Carmelo Caruana Co. Ltd), the Rio Cadiz from Antwerp to Haifa and the...

  • Med Bank creates Malta’s first corporate bank

    Med Bank creates Malta’s first corporate bank

    Volksbank Malta, recently acquir­ed by Mediterranean Bank, has been renamed Mediterranean Corporate Bank and is set to provide corporate banking services to medium and large organisations. The €35.3 million acquisition was finalised last week...