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  • Wall St lower amid weaker earnings

    US stocks fell in late morning trading yesterday as earnings from Facebook and Procter & Gamble disappointed investors and data showed that the economy expanded at a slower-than-expected pace in the second quarter. Procter & Gamble’s 3.7 per cent...

  • Spain’s economy motors on at fastest pace since before crisis

    Spain’s economy motors on at fastest pace since before crisis

    Spain’s economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low inflation starts to wear off. Since Spain emerged...

  • Thomas Cook says Tunisia, Greece and forex to dent profit

    Thomas Cook says Tunisia, Greece and forex to dent profit

    Travel firm Thomas Cook has warned that cancellations of holidays to Tunisia after a beach gun attack, concerns regarding Greece’s potential exit from the euro and a currency hit would knock £64 million off this year’s profit. Shares in the...

  • Share index down on declines in IHI, HSBC

    The share index slipped 0.3 per cent to 4,194.844 points, as four of the 12 active equities today ended the session in negative territory. Trading activity across the equity market was very high with €0.86 million worth of trades changing hands.

  • Adding European technology to your long term investments

    Adding European technology to your long term investments

    Headquartered in Veldhoven, the Netherlands, ASML makes the machines that are used to manufacture electronic circuits. ASML designs, develops, integrates, markets and services lithography systems for the semiconductor industry. ASML’s main...

  • Occupational pensions possible without employer contribution

    Occupational pensions possible without employer contribution

    Automatic enrolment occupational pensions would instil a savings culture to supplement third pillar pensions, even if the employer is not expected to match employees’ contributions, according to consultant David Spiteri Gingell. Mr Spiteri Gingell...

  • Property intermediaries areconcerned about White Paper

    Property intermediaries areconcerned about White Paper

    A property intermediary is concerned that the new regulations being proposed for real estate agents will force her to raise the amount of commission from two per cent to around five per cent. Property intermediaries or introducers, known as...

  • Lower interchange fees could undermine investment

    Lower interchange fees could undermine investment

    The interchange fees levied on credit and debit card transactions may have been reduced at the insistence of the European Commission but the chief executive officer of Visa Europe, Nicolas Huss, is not convinced that the savings will be passed on...

  • Useful information missing from IRD property form

    Useful information missing from IRD property form

    The Building Industry Consultative Council has called a number of stakeholders together, asking them to come up with a list of amendments to the property declaration form introduced less than three months ago. Schedule 8 to Legal Notice 147/2015...

  • Freight and logistics: the way forward

    Freight and logistics: the way forward

    The freight and logistics sector in Malta is an important pillar of the country’s economic set-up which employs approximately 5,000 people. But what are the challenges facing this sector? Is there potential for growth? Kevin Filletti, sales...

  • Banking on shareholders

    Banking on shareholders

    Listed companies have several ways of calculating their success. Clearly it helps to declare a profit, and if the shareholders get dividends that is even better. But the CEO of RS2 has another metric that he stands by: that so many of shareholders...

  • Property demand spawning new solutions

    Property demand spawning new solutions

    There is such a demand for property that almost dormant practices like buying on plan are seeing a revival, Re/Max Malta managing director Kevin Buttigieg said. “I never thought I would see selling on plan coming back into use! But we just sold...

  • Worrying points on economic agenda

    Both the Prime Minister and the Finance Minister are usually very selective when they come to speak about the island’s economy. In their reaction to foreign reports about Malta’s economy, they invariably latch on to assessments and projections...

  • What’s new for insurance accountants

    What’s new for insurance accountants

    The long overdue restructuring of accounting for insurance contracts is now on our doorstep. There are many proposals, and the International Accounting Standards Board’s publications deliver continued clarifications. Just in time, the board has...

  • Julian Zarb elected to Tourism Society (UK)

    Julian Zarb elected to Tourism Society (UK)

    Julian Zarb has been elected for a three-year period as board member within the Tourism Society (UK). The Tourism Society is an organisation for people working in tourism and travel, including educators and students, and others interested or...

  • Barclays set to speed up cost cuts after new mis-selling hit

    Barclays set to speed up cost cuts after new mis-selling hit

    Barclays’ new executive chairman sought to stamp his mark on the bank yesterday by accelerating the sale of assets and cost cutting, after the group reported a 12 per cent rise in profit and another big charge to compensate customers. Chairman...

  • New faces for Malta Institute of Accountants

    New faces for Malta Institute of Accountants

    Former technical director Mark Abela has been appointed chief executive officer of the Malta Institute of Accountants (MIA), reporting to a new president and council. A Certified Public Accountant, Mr Abela joined the MIA in 2012, having...

  • EU probes Disneyland Paris over prices for foreign tourists

    EU regulators are investigating prices charged by Disneyland Paris after complaints from foreign consumers who said they were charged far more than their French counterparts. The move by the European Commission is part of a broader crackdown on...

  • New head at Haud Systems

    New head at Haud Systems

    Haud Systems, an industry leader in spam filtering and revenue assurance for network operators, announced the appointment of Elken Calleja as head of business analysis and forecasting. Mr Calleja will be responsible for the direction and guidance...

  • GM to invest $1bn in India

    General Motors Co. will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said yesterday. The investment is part of GM’s plan...