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  • Daily currency report

    The central banks that meet this week to discuss monetary policy left policies unchanged in the Czech Republic, Poland, the UK and the eurozone. The ‘no change’ outcome was expected from all central banks, with the exception of Poland, which was...

  • Go rebounds on increased volumes

    Go rebounds on increased volumes

    Go almost completely reversed yesterday’s dip in share price today, as a total of 29,248 shares traded across 16 deals to push the price up by three per cent to the €2.59,5 level. This increase led to a 0.2 per cent rise in the share index to...

  • EU’s autumn forecasts

    This week the European Union published the economic autumn forecasts. The report covers each individual member state as well as the eurozone and the Union as a whole. The outlook for the immediate future is a pessimistic one, compared to the...

  • ECB ready to do more if needed

    ECB ready to do more if needed

    European Central Bank members are all prepared to take more policy action if necessary and the bank’s staff will prepare the groundwork in case, president Mario Draghi said yesterday. The ECB kept interest rates at a record low 0.05 per cent at it...

  • EU’s finance chief to unveil capital market plan in 2015

    EU’s finance chief to unveil capital market plan in 2015

    The EU’s new financial services chief pledged yesterday to set out his plans for a pan-European capital market by the middle of next year, aiming to reduce companies’ reliance on banks and help revive the bloc’s fragile economy. Jonathan Hill, the...

  • Euro hits a two-year low as yields dip after Draghi’s comments

    The euro slumped to a two-year low and European government bond yields dipped yesterday after European Central Bank chief Mario Draghi reiterated plans to revive the struggling eurozone economy by increasing the ECB’s balance sheet. Stocks on...

  • Company briefs

    Company briefs

    Noah, The Lego Movie, The Monuments Men and a new season of Two and a Half Men are just some of the highlights in the November schedule of Go Stars HD. Throughout the month, subscribers will be able to enjoy performances from stars including:...

  • Declines in HSBC and Go offset marginal rebound in IHI

    Declines in HSBC and Go offset marginal rebound in IHI

    The share index retreated for the second consecutive session with a further 0.1 per cent drop to 3,307.829 points on further selling pressure across the shares of HSBC and a 3.1 per cent decline in the share price of Go. The bank’s equity slipped...

  • GRTU renews call for abolition of eco-contribution

    GRTU renews call for abolition of eco-contribution

    The GRTU is making an eleventh hour effort to ensure that eco-contribution is removed in the next Budget. The Chamber of Commerce, Enterprise and Industry is supporting its initiative, the GRTU said. The promise to remove the tax had been...

  • Employees looking for benefits in contract

    Employees looking for benefits in contract

    Forget about the wage: employees are looking beyond their salary and are increasingly ­looking at benefits. “The i-gaming sector has brought about new concepts of fringe benefits – and ones that are new to Malta, such as a vending machine ...

  • MIA investing in airfield service

    MIA investing in airfield service

    Malta International Airport has spent €9 million on the airfield since 2008 – mostly on tarmac on the runways – but it has also undertaken other projects, such as creating a loop on which aircraft can get off the runway after landing, as well as...

  • Property sales to rise by 6%

    Property sales to rise by 6%

    The number of properties sold in Malta in 2014 could be as much as 6 per cent higher than in the previous year, according to a survey carried out by Re/Max Malta. The survey is carried out by an independent firm twice a year and this year...

  • Parked cars are traffic culprit

    Cars should not be allowed to park on main roads, freeing up space for traffic to flow and for the creation of cycle lanes and bus lanes, according to traffic expert Manfred Boltze. Boltze was in Malta on behalf of the German-Maltese Business...

  • Of budgets past and budgets future

    Of budgets past and budgets future

    Finance Minister Edward Scicluna will present the Budget for 2015 on November 17. It is a good opportunity to look back to see whether the last one achieved its targets and what should be in the next. Malcolm Booker Chief ­executive officer –...

  • A suitable place to work

    A suitable place to work

    Tony Zahra was appointed chairman of Malta Industrial Parks in May 2013. He told Vanessa Macdonald that the new board had been working quietly behind the scenes to solve numerous problems. At one stage, MIP had debts of almost €100 million. What...

  • It’s all about analysis

    It’s all about analysis

    When the herd is galloping in a particular direction, it takes guts to keep your head and go in the opposite direction. That is where VFM portfolio manager Uli Gerhard excels. He now manages the Insight High Yield Bond Fund, as well as, being...

  • Does eco-tax still make sense?

    The ‘polluter pays’ principle is nothing new. The idea was to make manufacturers aware of the waste that their products generate, directly or indirectly, by making them pay towards reversing the damage. This has been applied relatively...

  • To save or not to save...

    To save or not to save...

    Economic theory sheds interesting insight as to why people save. Households save because of their desire to smooth their consumption. It makes sense for people to have a stable lifestyle. This basic observation dates back even to the times of the...

  • BOV reduces dividend payout ratio

    BOV reduces dividend payout ratio

    The September 2014 annual financial statements of Bank of Valletta plc were published shortly after the close of last Friday’s trading session. Market participants have now become accustomed to the procedure that the two large banks immediately...

  • Grimaldi waives fuel surcharge

    Grimaldi waives fuel surcharge

    Grimaldi Group has decided to remove the fuel surcharge that it had introduced last July. A few weeks ago, The Sunday Times of Malta had asked why the surcharge was being retained even though the cost of oil had dropped dramatically since...