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  • An efficient service for your domestic and ­commercial water leaks

    An efficient service for your domestic and ­commercial water leaks

    CHI Consultants Ltd have been in operation for the last three years. Coming from a background of engineering and marketing, a couple have put their expertise together and focused their attention on taking an innovative stance on the product and...

  • Oil below $60 as Opec, Russia keep pumping

    Brent crude oil traded below $60 a barrel yesterday, near five-and-a-half-year lows, as major oil producers signalled they would maintain output despite a supply glut and faltering demand in Russia and Europe. Core Gulf Opec members have said they...

  • Faddal b’Suċċess – RTK programme by VFM

    Valletta Fund Management (VFM), a member of the BOV Group, is producing an inform-ative and educational programme on RTK Radio titled Faddal b’Suċċess. This programme, aired on the last Tuesday of the month between 5:15pm and 6pm, aims to provide...

  • EU shines light on dirty money with central registers

    EU shines light on dirty money with central registers

    The European Union has agreed rules to stamp out tax evasion and stop dirty money from criminal gangs or terrorism finance being channelled through anonymous companies. EU states and the European Parliament struck the agreement on Tuesday evening...

  • Malta Digital Games Association launched

    Malta Digital Games Association launched

    Leading representatives of Malta’s digital games industry have come together to announce the launch of the Malta Digital Games Association (MDGA).  This is a long-time project of Maltese law firm Chetcuti Cauchi Advocates and a number of digital...

  • Equities gain as oil prices rebound, and safety bid eases

    Global markets stabilised yesterday, with US and European equities rebounding as a comeback in oil prices drove up energy shares. The yield on US five-year Treasuries climbed to session highs as the gains on Wall Street and domestic oil futures...

  • Correction

    The lease on House of Four Winds was signed by Bank of Valletta in 2010 and was for 30 years and not 40 (The Business Observer – December 4). The remaining 26-year lease has been extended to 65 years.

  • Shipping movements

    The following ships are expected in Malta: The Maersk Savannah from Port Said to Genoa (Thomas Smith Shipping Ltd), the MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime), the Flex Box Container from Valencia to Livorno, the HH West...

  • BOV, 6PM Holdings close lower

    BOV, 6PM Holdings close lower

    The share price of Bank of Valletta closed 0.9 per cent lower at the €2.17 level after touching an intra-day high of €2.18,9. Trading activity increased to 52,427 shares today. Later on today, the bank will be holding its annual general meeting...

  • New guidelines on right to be delisted

    The right to be forgotten owes its origin to a judgment delivered by the Court of Justice of the European Union (CJEU) in May this year against Google Spain after a Spaniard searched for references to himself on Google’s search engine and found a...

  • Britain’s state-backed banks scrape through stress tests

    Britain’s state-backed banks scrape through stress tests

    The Bank of England gave Britain’s state-backed lenders a narrow pass in its debut annual stress tests yesterday, but warned that next year banks would face tougher checks of their capital strength and inter-national exposure. Lloyds and rival...

  • Plunging oil prices could boost geopolitical tensions – BOE

    Plunging oil prices could heighten geo-political tensions, trigger defaults by US shale oil and gas firms and destabilise eurozone inflation expectations, the Bank of England warned yesterday. In a half-yearly assessment of global financial risks,...

  • Stocks rebound, oil pares losses ahead of Fed meeting

    Crude oil prices pared losses and global equity markets rebounded yesterday as investors snapped up beaten-down energy stocks and wagered the US central bank will express caution in the midst of growing turmoil in capital markets sparked by oil’s...

  • BT opts for EE in £12.5bn mobile deal

    BT has entered exclusive talks with the owners of EE for a potential £12.5 billion acquisition deal to give the former UK state telecoms firm the top position in mobile as well as fixed-line broadband services. BT had been in competing talks with...

  • Share index down 0.3 per cent as HSBC, GO decline

    Share index down 0.3 per cent as HSBC, GO decline

    The share index dropped 0.3 per cent today to 3,230.859 points to its lowest level since February 2013 as the equities of HSBC and GO both declined offsetting the gains in BOV and Lombard Bank. HSBC lost a further 1.6 per cent to a fresh 2014 low...

  • EU investment plan may be a day late and euros short

    EU investment plan may be a day late and euros short

    The European Union’s vaunted investment plan, due to be formally blessed by the bloc’s 28 leaders at a summit this week, may be a day late and several euros short to revitalise a stagnant economy. Because of Europe’s mountain of public debt, the...

  • Money market report for the week ended December 12

    On Monday, December 8, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, December 9, and attracted bids from euro area eligible counterparties of €105.22 billion, €7.18...

  • Sound credit management: lessons learned?

    Sound credit management: lessons learned?

    The Maltese business community and the local media followed with great interest the recent experience involving a supermarket chain which evidently is in serious financial difficulty, leaving a number of creditors and suppliers in the dark about...

  • Brent edges up to $62.35 after earlier crash in volatile trade

    Brent edges up to $62.35 after earlier crash in volatile trade

    Oil markets saw volatile trading in Asia yesterday as Brent prices first fell to a five-and-a-half year low after the International Energy Agency (IEA) cut its outlook and then rose on hopes of improving manufacturing data. Brent futures fell to...

  • Oil prices fall pulling downmarket assets

    Oil prices plumbed five-and-a-half-year lows yesterday, pulling down emerging market assets and boosting demand for the safe-haven yen, while global equity markets slipped further after last week's rout amid nagging worries about world­wide...