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Business

  • The land of beauty

    The land of beauty

    Chemimart was set up in the early 1960s with the aim of giving an innovative and efficient service to our customers. We ventured into the retail sector by opening our first pharmacy in Freedom Square, Valletta. This pharmacy was set up as a...

  • New highs for various equities amid weak volumes

    The share index edged 0.7 per cent higher to 3,870.216 points – the highest level since January 2011 – as various equities reached new highs despite the shallow trading activity during this morning’s session. International Hotel Investments shares...

  • Avaya – a reshaping company and an attractive credit story

    Avaya – a reshaping company and an attractive credit story

    Avaya is a leader in business collaboration and communications, with leading market share in worldwide telephony systems, contact center infrastructure, voice maintenance services and enterprise messaging. Some of the company’s products are: Avaya...

  • Sweepstakes, prize draws and competitions

    Rogue traders are in the habit of sending out notifications by post, e-mail, phone call or text message telling consumers that they have won a prize. The hitch comes in the form of having to pay a fee to collect the prize, or to call a...

  • Charter agrees to buy Time Warner Cable for $56 billion

    Charter agrees to buy Time Warner Cable for $56 billion

    John Malone’s Charter Communications Inc. struck a $56 billion deal to buy Time Warner Cable Inc., seeking to combine the third and second largest US cable operators to better compete against market leader Comcast Corp. Charter, in which...

  • Germany sees progress on Greece, EU officials to confer tomorrow

    A senior German official said yesterday there was no reason to believe Greece would be in default after a €300 million payment to the IMF falls due on June 5. Separately, eurozone officials said deputy finance ministers would hold a teleconference...

  • Ryanair reaps rewards of image makeover with 66% profit leap

    Ryanair reaps rewards of image makeover with 66% profit leap

    Ryanair trumpeted the success of its image makeover after soaring passenger numbers helped the Irish airline to post a 66 per cent rise in full-year profit. The budget carrier, whose outspoken CEO Michael O’Leary softened his notoriously no-frills...

  • Dollar rallies on data and Europe woes as stocks and commodities fall

    The US dollar rallied yesterday after a string of healthy economic data boosted near-term rate hike pros­pects, while Greece’s financial crisis and signs of growing opposition to austerity in Spain weighed further on the euro. Stocks and...

  • UK corporation tax take from banks slumps despite profit rebound – study

    UK corporation tax take from banks slumps despite profit rebound – study

    Britain’s banks have in recent years paid a third of the corporation tax they were paying less than a decade ago despite a rebound in profits, a study showed yesterday. The study comes as HSBC and Standard Chartered assess whether to move their...

  • BOV, HSBC drag share index lower

    Following three consecutive sessions of increases, the share index dropped 0.4 per cent to 3,845.107 points following declines in the share prices of the two large banks. The share price of Bank of Valletta slid by 1.1 per cent back to the €2.25,5...

  • What does a negative interbank lending rate tell us

    What does a negative interbank lending rate tell us

    One day a colleague of mine saw a headline which was saying that the three month Euribor dropped below zero and asked somehow puzzled “how does this work? Banks are now getting paid to borrow?” It doesn’t take a lot to acknowledge that this is a...

  • M&As in nutraceuticals battle

    Nutraceuticals: a tongue twisting term that in its simplest definition describes food products that have a medicinal benefit. This industry has piqued major interest in recent years and while it is set to pave the way for a rush of deals, the jury...

  • Portugal, like Europe, loses hunger for reform

    Portugal, like Europe, loses hunger for reform

    Celebrated among Europe’s elite as a model of how to reform an economy after a debt binge, Portugal’s enthusiasm for change has waned as Europe loses its appetite for further belt-tightening. With Greece’s future in the euro uncertain, after its...

  • Money market report for the week ended May 22

    On Monday, May 18, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €88.40 billion, €2.22 billion lower...

  • Amazon changes tax practices in Europe as investigations continue

    Amazon changes tax practices in Europe as investigations continue

    Amazon.com Inc. has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported. The change was made effective on May 1, a company...

  • Europe stocks stumble as dollar lifted by US rate view

    European shares fell in thin trade yesterday while the dollar powered ahead after US Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year. Investor concerns about Greece’s debt problems...

  • China invites private investors to help build $318bn of projects

    China invites private investors to help build $318bn of projects

    China’s state planning agency yesterday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate. The National Development and Reform...

  • G7 finance ministers to address faltering global growth this week

    Finance ministers from the world’s largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil. High on their agenda – even if unofficially – will...

  • Share index reaches fresh 4-year high

    The share index advanced by a further 0.5 per cent to reach yet another four-year high of 3,859.249 points as various equities gained. Across the large cap equities, the share price of Bank of Valletta edged 0.4 per cent higher to regain the €2.28...

  • Deutsche Post AG – Delivering in portfolios

    Deutsche Post AG, headquartered in Germany and operating under the trade name Deutsche Post DHL, is the world’s largest courier company. The Group is made up of four divisions being; The Post - eCommerce - Parcel (PeP), Express, Global Forwarding...

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