Advert

Business

  • Alitalia CEO denies deadline for Etihad deal

    Alitalia chief executive Gabriele Del Torchio denied a newspaper report yesterday that Etihad Airways had set a deadline of July 28 to agree its planned merger with the troubled Italian carrier. “That’s not what I understand,” he told reporters...

  • Daily currency report

    The euro tumbled this week to eight-month lows against the US dollar, two-year lows against sterling and five-month lows against the yen. News from the IMF had an offsetting impact on currency markets. Investors were concerned going into the...

  • Share index at almost 6-week high

    Share index at almost 6-week high

    The MSE share index this morning rebounded by 0.7 per cent to an almost six-week high of 3,391.085 points largely attributable to the 6.9 per cent jump in the share price of International Hotel Investments plc. The equity of the hotel owner and...

  • Tackling our health service

    Malta’s demographic structure, which is showing an ageing population, as well as increased life expec­tancy, is going to demand more of the country’s health service. This means that we need an honest debate about funding. The funding of a health...

  • Malta among few member states meeting energy deadline rules

    Malta among few member states meeting energy deadline rules

    Currently, only Italy, Cyprus, Denmark, Malta and Sweden have so far declared full transposition of the Energy Efficiency Directive in their national legislation. The deadline for doing so was June 5. The Energy Efficiency Directive (2012/27/EU)...

  • British manufacturing emerges from long years in the shadows

    British manufacturing emerges from long years in the shadows

    New business is coming from unexpected places to help power the whirring, high-tech lathes on the factory floor of Future Advanced Manufacture, one of the companies spearheading Britain’s manufacturing revival. “Even the Germans are starting to...

  • EasyJet profit forecast disappoints market

    EasyJet profit forecast disappoints market

    Low-cost airline EasyJet forecast annual profit growth of between 14 per cent to 19 per cent yesterday, tempering market forecasts set at the top end of the range and sending its shares down 4 per cent. Providing its first guidance on full-year...

  • Spain unemployment is lowest in two years

    Spain’s unemployment rate fell to its lowest level in two years in the second quarter, data showed yesterday, lifted by strong job creation in the services sector and adding to hopes of a sustained economic turnaround. Unemployment fell to 24.5...

  • Stocks gain as US bonds fall on jobless data

    Global stock markets edged higher while US debt prices fell yesterday following unexpectedly low US weekly jobless claims and stronger-than-expected US earnings. The benchmark S&P 500 index hit a record high for a third straight day, buoyed by...

  • Company briefs

    Company briefs

    RS2 Smart Processing Ltd, a wholly-owned subsidiary of RS2 Software , has won a contract from European Payment Systems (EPS). EPS is an international and global payment service provider based in Austria, offering cashless payments for all popular...

  • Share index breaks 5-day positive run

    Share index breaks 5-day positive run

    Following five consecutive sessions of gains, the MSE Share Index eased 0.2 per cent lower today to 3,367.494 points largely due to the declines in the share prices of Bank of Valletta plc and Lombard Bank Malta plc. BOV’s equity lost the momentum...

  • With sales sputtering, Apple’s iPad looks to IBM alliance

    With sales sputtering, Apple’s iPad looks to IBM alliance

    Apple Inc’s iPad is losing steam just four years after its release, but an alliance with International Business Machines Corp (IBM) could rejuvenate a flagging product by entering into a largely untapped corporate market. Apple shipped 13.2...

  • ABB still dogged by problems in power systems

    Charges linked to costly delays to offshore wind and solar power projects pushed ABB’s second-quarter earnings below forecasts, sending its shares down 2 per cent yesterday. Like many of its rivals, the Swiss company is suffering from a lack of...

  • Bank of England mulls raising rates early

    Bank of England officials discussed this month whether there was a case for an early interest rate rise, but there were concerns about hurting the recovery, minutes of their policy meeting showed yesterday. The nine members of the Monetary Policy...

  • Affiliates: fuelling gaming fire

    There is a branch in the i-gaming industry which deserves much more recognition than it currently gets: affiliates. These are self-made individuals or companies that help bring traffic or new deposit players to remote gaming sites. Affiliates are...

  • Stocks rise on solid earnings as safe-haven bonds gain

    Global equity markets edged higher yesterday as a backdrop of solid corporate earnings buoyed risk appetite, but worries over the Middle East and Ukraine kept demand strong for safe-haven assets such as bonds. Shares in Europe and emerging...

  • Shipping movements

    The following vessels are expected in Malta: The CMA CGM Butterfly from Tanger Med to Suez, the Mediterranean Sea from Mersin to Antalya (both Carmelo Caruana Co. Ltd), the Maersk Funchal from Tunis to Tunis and the Maersk Savannah from Port Said...

  • Share index trends higher for fifth successive session

    Share index trends higher for fifth successive session

    The MSE share index trended higher for the fifth successive session as it gained 0.36 per cent during today’s trading session, despite the declining volumes with only €46,783 worth of shares changing hands today. Bank of Valletta plc again...

  • New revenue recognition rules – is your business impacted?

    New revenue recognition rules – is your business impacted?

    International Financial Reporting Standard (IFRS) 15 on Revenue from Contracts with Customers was issued on May 28, 2014 and will become effective for annual periods beginning on or after January 1, 2017, subject to endorsement by the European...

  • China food scandal spreads to Japan

    China food scandal spreads to Japan

    The latest food scandal in China is spreading fast, dragging in US coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald’s products as far away as Japan. McDonald’s Corp and KFC’s parent Yum Brands Inc apologised to...