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  • Fears Europe’s debt crisis is waking up from slumber

    Global equity markets tumbled again yesterday as investors continued to worry about world growth and on fears that Europe's debt crisis was waking up from a two-year slumber, while crude oil slumped to a four-year low. But new data indicating...

  • Goldman Sachs profit gets big boost from bond market pickup

    Goldman Sachs profit gets big boost from bond market pickup

    Goldman Sachs Group Inc reported a 50 per cent jump in third-quarter net profit yesterday as last month’s sudden pickup in bond market activity helped to boost trading revenue. Net income attributable to common shareholders rose to $2.14 billion,...

  • Ford’s European sales rise 12% in September

    Ford sales in Europe climbed sharply in September – pushing its market share to a three-year high – on strong demand for Ford’s new passenger cars and commercial vehicles. Ford’s European vehicle sales increased 12 per cent to nearly 130,000...

  • Company briefs

    Full-time students at a secondary and tertiary level of education can now benefit from Vodafone’s improved students plans, including all those who attend any secondary school, Sixth Form college, University or vocational college in Malta and...

  • BOV’s equity regains €2.25 level

    BOV’s equity regains €2.25 level

    The share index advanced by 0.2 per cent to 3,323.447 points as two of the large caps partly recovered from recent declines. The share price of Bank of Valletta gained a further 0.9 per cent to close at the €2.25 level on volumes of 18,314...

  • Hal Mann Vella bond issue

    Hal Mann Vella bond issue

    Financial market participants were long aware that the Hal Mann Vella Group was seeking to tap the bond market. On October 8, the company confirmed the publication of a prospectus for €30 million in secured bonds following approval by the Malta...

  • The leadership gap!

    The leadership gap!

    Leadership spans every aspect of social, political and economic activities in Malta and yet we perhaps are not giving it due attention. Our education system’s emphasis on developing academic and technical ability to the highest level seems to be...

  • Toyota recalls 1.67m cars for defects

    Japan’s Toyota Motor Corp. said yesterday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake’s performance. Toyota said...

  • British PM wants to cut inheritance tax – Telegraph

    British PM wants to cut inheritance tax – Telegraph

    Prime Minister David Cameron said he wanted to cut inheritance tax so that it is only paid by the very rich, the Daily Telegraph reported yesterday. Cameron, who faces an election in May next year that polls show is likely to be extremely close,...

  • Italy public deficit widens to 3.8% of GDP

    Italy's public budget deficit in the first half of 2014 widened to 3.8 per cent of gross domestic product, compared with a deficit of 3.5 per cent in the same period of 2013, official statistics agency ISTAT said yesterday. The widening of the...

  • Stocks suffer their biggest losses in years

    Stocks suffered their biggest losses in years and the dollar slumped yesterday after the latest inflation data from the United States and China fanned worries about a global slowdown, driving investors into safe-haven government debt. The S&P 500...

  • Shipping movements

    The following ships are expected in Malta: The Pago from Valencia to Livorno, the CMA CGM Almaviva from Port Said to Genoa and the CMA CGM Quartz from Dammietta to Genoa (all Carmelo Caruana Co. Ltd) today. The Sena Kalkavan from Varna to...

  • IHI share price at new all-time low

    IHI share price at new all-time low

    The share price of International Hotel Investments was the only negative performer of the day as a single trade of 25,000 shares was executed at the 59c5 level, representing a 0.8 per cent decline from its previous close and a new all-time low for...

  • Restrictions to copyright in a digital era

    Restrictions to copyright in a digital era

    A member state is not in breach of EU copyright law if it were to legislate so as to permit its national public libraries to digitise books in their collection in order to make them available at electronic reading points, without the consent of...

  • IEA revises oil demand growth sharply lower

    IEA revises oil demand growth sharply lower

    The world will see much weaker oil demand growth in 2015 than forecast previously, the International Energy Agency said yesterday, adding that oil prices may drop further. “Recent price drops appear both supply- and demand-driven. Further oil...

  • Etihad third-quarter revenue jumps 29%

    Etihad third-quarter revenue jumps 29%

    Abu Dhabi’s state-owned Etihad Airways, which plans to buy a 49 per cent stake in struggling Alitalia, said third-quarter revenue rose 29 per cent thanks to passenger and cargo growth. The airline earned revenue of $1.8 billion in the three months...

  • Oil down as bond prices rally amid growth fears

    A rebound on Wall Street buoyed global equity markets yesterday, but lingering anxiety over world economic growth pushed more investors into safe-haven US and German debt and slammed oil prices again. Worries about a slowing global economy and...

  • Europe’s top court weighs German challenge to ECB

    Europe’s top court weighs German challenge to ECB

    Europe’s top court yesterday heard a challenge to the European Central Bank’s landmark bond-buying scheme to contain the eurozone crisis in a case underscoring deep concerns in Germany over ECB clout. The case comes more than two years after the...

  • Malta’s core domestic banks

    Malta’s core domestic banks

    The recently published Central Bank of Malta’s Financial Stability Report 2013 has been the subject of very limited comment in the financial press. This is surprising as it contains a mine of information including various statistics and charts...

  • Eurozone seeks to soften German opposition to stimulus spending

    Eurozone seeks to soften German opposition to stimulus spending

    France and Italy will keep pressure on Germany this week to use government money to revive the eurozone’s stagnating economy but in a sign of inertia, a promised list of projects to create growth will not be ready until December. European finance...