Business
-
Europe shares seen overcoming stimulus concerns, hitting new highs
European shares are expected to rise six to seven per cent from now until end-year, taking concerns about any scaling back in aggressive monetary stimulus around the globe, Reuters polls showed yesterday. The consensus view from around 80...
-
Daily currency report
There was a subdued atmosphere across the trading floors as the focus continues to fall on the Federal Reserve’s latest monetary policy announcement, due for release. Caution is driving position-taking with the US dollar still falling under pressure...
-
6pm jumps 5% on new contract
The share price of 6pm Holdings plc climbed five per cent higher during this morning’s session to a fresh four-year high of 63p after the company issued a press release revealing a new contract with St George’s Healthcare NHS Trust. The contract...
-
Middlesea launches insurance for pets
The basic coverage offers compensation for the value of the animal in the event of accidental death or theft, reimbursement of veterinary care costs caused by an accident, the costs of the pet’s stay in a kennel or cattery when the owner is...
-
Tycoon’s ex-wife wins landmark UK divorce settlement battle
The ex-wife of a Nigerian oil tycoon won a landmark divorce settlement battle in the UK’s Supreme Court in a closely watched case. Family law practitioners and wealth managers were watching to see how the court could issue a fair judgment without...
-
EU tax chief urges Swiss to end bank secrecy
The EU official in charge of tax policy yesterday tried to persuade Switzerland to agree to surrender more information about clients of its big banking industry as part of a drive to combat tax evasion. Commissioner Algirdas Semeta’s meeting with...
-
Buzz on Telecoms merger boosts European shares
European shares recovered yesterday as talk of takeover activity in the telecoms sector helped stock markets claw back losses suffered last week. However, some traders expected European equities to be stuck in a relatively tight range in the near...
-
UK spied on G20 officials
Britain intercepted phone calls and monitored computers used by officials taking part in two high-level international finance meetings in London in 2009, a British newspaper said on Sunday. The Guardian said some delegates from countries in the...
-
Britain’s Co-op Bank agrees to £1.5 bn ‘bail-in’ rescue plan
Britain’s Co-operative Group will force bondholders to help plug a £1.5 billion capital hole, avoiding a repeat of unpopular taxpayer-funded bailouts made during the financial crisis. Using a “bail-in” rescue model, bondholders will have to swap...
-
Daily currency report
The pound will be hoping to continue on the back of progress made when the Bank of England steps into the spotlight. Minutes from Mervyn King’s last MPC meeting will be published with many eager to discover if the MPC is any closer to committing to...
-
MIA closes at new high of €2.05
Following last Friday’s 1.2% increase, the equity of Malta International Airport plc edged 0.5% higher at the start of the week at the stock exchange, closing at a new all-time high of €2.05. The share price had reached that level during the session...
-
Nicaragua canal to rival Panama’s
Nicaraguan lawmakers granted a 50-year concession to a Chinese company for it to design, build and manage a shipping channel across the Central American nation that would compete with the Panama Canal. The $40 billion proposal by HK Nicaragua Canal...
-
Britain’s treasure islands make G8 tax test for Cameron
Pitching tougher rules on tax evasion to the G8 is a precarious undertaking for Prime Minister David Cameron. Britain’s own tax havens are world leaders. Britain’s list of exotic Overseas Territories reads like an accountant’s dream menu for a...
-
Europe’s SMEs need more public sector support – report
Europe’s cash-starved small and medium-sized enterprises (SMEs) need more public sector help, as there is little appetite among private investors to step in and fill the gap left by retrenching banks, a major study has found. The report, by industry...
-
French pension panel urges longer contributions period
The French should work longer to get a full pension, public sector workers’ pension rules must be brought closer to those of the private sector and pensioners should get fewer tax rebates, an advisory report said last week. The study – which the...
-
Shipping movements
These ships are expected in Malta: The Alexander Maersk from Misurata to Misurata, the Deva from Antwerp to Haifa, the Konrad Schulte from Naples to Algeciras (all Thomas Smith Shipping), the MV Eurocargo Venezia from Genoa to Civitavecchia and the...
-
Concern over Valletta Cruise Port conflict
Senior government sources have expressed concern over internal conflict within Valletta Cruise Port which they feel may be hampering the response to challenges in the cruise industry. MSC Cruises, which in 2010 had committed to including Malta in...
-
ISTC trains Libyan oil company employees
Employees from Mellitah Oil & Gas, the largest oil company in Libya, recently travelled to Malta to take part in a course on aviation rescue and fire fighting through the International Safety Training College (ISTC). The course, which took place...
-
Finance for startups seminar being held
The Malta Business Bureau, the European Commission Representation in Malta and Bank of Valletta have partnered together to discuss finance for business, particularly start-ups, through the assistance of EU initiatives. The seminar will give an...
-
E&Y finds scope for more PPPs
Malta needs more public/private partnerships as they have the potential to plug resource, skills, efficiency and funding gaps as well as to improve competitiveness, according to the speakers at the conference organised by Ernst and Young. There is...
Popular Stories
6pm jumps 5% on new contract
Allcare Insurance offices inaugurated
MSE Share Index reaches another 2-year high
Money market report for the week ending...
Europe shares seen overcoming stimulus...
Daily currency report
Mepa permits drop to 3,064
HSBC Malta launches receivables finance...
Companies vie for pet insurance market
In Discussion
Allcare Insurance offices inaugurated
6pm jumps 5% on new contract
Mepa permits drop to 3,064
Agius Delicata appointed Gasco CEO
De La Rue reconciliation meeting next week
GlobalCapital Life Insurance declares...
Malta introduces licensing for...
Chamber presents ICT wish list
CBM forecasts 1.4 per cent growth in 2013
