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  • Trading increases as long-term issues recoup with solid gains

    In the sovereign debt market turnover amounted to €15.2 million up from last week’s €8.7 million, as 28 bonds were active, of which long-term issues registered solid gains, while short dated issues declined marginally. Namely, the 4.3% MGS 2033...

  • Equities extend rally while oil prices rebound

    Equity markets worldwide extended the week’s rally yesterday and oil prices rebounded from recent lows, even though market volumes were beginning to thin as investors started to reduce exposure as the end of year approaches, traders said. Wall...

  • Russia’s Parliament boosts banking capital

    Russia’s Parliament boosts banking capital

    Russia’s lower house of parliament passed a draft law that would give the banking sector a capital boost of up to 1 trillion roubles (£10.54 billion) yesterday, part of measures to shield banks from Western economic sanctions. Russia’s financial...

  • Daily currency report

    This week’s focus was expected to be placed firmly on the footsteps of the US central bank and its policy statement. The outcome of the policy meeting and the run-up to it were almost completely overshadowed by developments in Russia. The rapid...

  • Google aiming to go straight into car with next Android

    Google aiming to go straight into car with next Android

    Google Inc. is laying the groundwork for a version of Android that would be built directly into cars, sources said, allowing drivers to enjoy all the benefits of the internet without even plugging in their smartphones. The move is a major step up...

  • Solidarity at Christmas time

    At this time of the year, the business sector is called upon by a number of non-governmental organisations to financially support their activities. In fact, this is why the two main activities, L-Istrina, in aid of the Malta Community Chest Fund,...

  • Putin says Russian economy will be cured but offers no remedy

    Putin says Russian economy will be cured but offers no remedy

    President Vladimir Putin yesterday said Russia’s economy would inevitably rebound after the rouble’s dramatic slide this year but offered no remedy to a deepening financial crisis. Under pressure to show he has a plan to fix the economy, Putin...

  • UK retail sales hit a new 10-year high

    UK retail sales hit a new 10-year high

    British retail sales surged at their fastest annual rate in more than a decade in November, as US-style ‘Black Friday’ discounts drove record sales growth at electrical and department stores. The figures suggest strong economic growth and a recent...

  • Swiss central bank imposes negative interest rates

    The Swiss National Bank said yesterday it would impose negative interest rates on cash held by other banks at the central bank, seeking to discourage safe-haven buying by investors anxious about the crisis in Russia and oil’s slide. In a brief...

  • Stocks climb on Fed policy signals as oil slips again

    Global equities markets rallied yesterday, with Wall Street up more than one per cent for a second straight day on what investors viewed as a favourable result from the Federal Reserve’s most recent meeting. The Swiss franc tumbled after its...

  • Company briefs

    Company briefs

    Emirates airline has launched its app for iPhone on the App Store. Already the most popular travel app in 25 countries with a 4.5 star rating, The Emirates App for iPhone has enhanced features such as the ability to check-in and download a...

  • Farsons appoints chief business development officer

    Farsons appoints chief business development officer

    Michael Farrugia has been appointed Farsons’ chief business development officer. His task is to develop a longer term export strategy in line with the Farsons board’s vision. He will report to Farsons Group CEO Norman Aquilina and will join the...

  • Share index in positive territory

    Share index in positive territory

    The share Index advanced 0.4 per cent today to 3,244.161 points, as four out of the five active equities traded in positive territory, with the other remaining closing unchanged. The share price of HSBC increased by 1.4 per cent to close at the...

  • Consumer protection reforms under way at MFSA

    Consumer protection reforms under way at MFSA

    The Malta Financial Services Authority is to carry out a number of reforms in 2015 in order to enhance the protection of consumers where these are disadvantaged in transactions with financial service providers, chairman Joseph Bannister has told...

  • €70,000+ is starting salary for 5-star hotel general manager

    €70,000+ is starting salary for 5-star hotel general manager

    Hotel general manager is the highest paid position in the ­sector, with a basic salary package starting from €70,000+, ­according to Misco’s first ‘Salaries and Benefits Report for the 5-Star Hospitality Sector’. The report deals with over 80...

  • 2015 economic wish list

    2015 economic wish list

    Joseph Farrugia Director General, Malta Employers’ Association In its reaction to the national Budget, the Malta Employers’ Association stated that the government faces a difficult year in reaching its fiscal targets, given its projected...

  • Top 10 risks for 2015: from the pleasant to the genuinely scary

    Top 10 risks for 2015: from the pleasant to the genuinely scary

    With the benefit of hindsight, the world always seems to be totally explicable. Projections for the future, in contrast, are full of uncertainties. No one can be sure what the future folds, even if economists offer forecasts apparently accurate to...

  • Restoring Valletta to its former glory

    Restoring Valletta to its former glory

    The revival of Valletta is gathering momentum with major restoration works, the final stages of the Renzo Piano project, the growth of luxury boutique hotels, increased night-life and a boom in the property market. Why is there so much interest in...

  • ‘Our plan is to triple the business’

    ‘Our plan is to triple the business’

    KPMG recently announced a €26 million offer to acquire Crimsonwing. Richard Fleming, head of advisory at KPMG UK, spoke to Anthony Manduca about the implications of the acquisition. Bryan Cruickshank, global head of IT advisory for KPMG UK, David...

  • Boutique hotels flourishing

    Boutique hotels flourishing

    Until quite recently there were only a handful of boutique hotels on the islands. There are now 13 applications for new ones to be built in Valletta alone, and a number of others are already well established. But the enthusiasm to create a new...