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  • Irish government backs sale of Aer Lingus to IAG

    Irish government backs sale of Aer Lingus to IAG

    The Irish government agreed to sell its 25 per cent stake in Aer Lingus to IAG, paving the way for the owner of British Airways and Iberia to formally launch its €1.36 billion (£960 million) bid for the Irish carrier. International Airlines...

  • Banknote printer De La Rue looks for growth of security solutions

    British banknote printer De La Rue aims to find new opportunities in security solutions while boosting efficiency at its core currency business, it said yesterday after posting a 22 per cent fall in operating profit. The 202-year-old business...

  • EU and Switzerland sign historic transparency agreement

    The EU and Switzerland signed a historic new tax transparency agreement, which will significantly improve the fight against tax evasion. Under the agreement, both sides will automatically exchange information on the financial accounts of each...

  • Spain seeks closer economic integration in EU, expanded ECB mandate – El País

    Spain seeks closer economic integration in EU, expanded ECB mandate – El País

    Spain has written to European institutions asking for an overhaul of the region’s common economic policy to better integrate member states, El País wrote yesterday, quoting an eight-page document written by the Prime Minister’s office. Madrid has...

  • Get the business noticed by 120,000 French tourists

    Get the business noticed by 120,000 French tourists

    Lepetitmaltais.com has become an essential source of information for French tourists and residents in Malta. Indeed, 3,000 new Francophone tourists visit the site each month. The site is designed to help them discover all the facets of Malta in a...

  • Euro off lows, stocks rise on tentative Greek debt accord

    The euro stabilised in volatile trading and stocks rose yesterday after reports that Greece and its creditors, including the European Union and IMF, had reached an agreement that will provide debt relief to the struggling nation. The agreement...

  • Shipping movements

    The following ships are expected in Malta: The Avonmoor from Tunis to Sousse, the Stjerneborg from Tripoli to Tripoli, the BF Nilou from Sfax to Bizerte (all Carmelo Caruana Co. Ltd), the Laura Ann from Tunis to Tunis, the Eclipse from Annaba to...

  • 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...