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  • Dollar is at seven-year high vs yen

    The dollar hit a seven-year high against the yen yesterday and US Treasury yields rose ahead of the release of minutes from the latest Federal Reserve meeting, which investors say will show a US central bank ready to raise interest rates next...

  • Cleland & Souchet open a new C&S WINE CAFÉ at MIA

    Cleland & Souchet open a new C&S WINE CAFÉ at MIA

    Cleland & Souchet, the leading lifestyle retailer and wine merchants, have opened their second C&S WINE CAFÉ outlet in the departure lounge of the Malta International Airport to rave reviews. They have designed their area with the same distinctive...

  • Shipping movements

    The following ships are expectedin Malta: The Stjerneborg from Sfax to Tripoli, the HS Bruckner from Valencia to Livorno, the Otterhound from Trapani to Catania, the Saint Roch from, El Khoms to El Khoms, the HH West (ex-Conwest) from Skikda to...

  • Trading volumes drop to 4-month low

    Trading volumes drop to 4-month low

    This morning’s trading session on the Stock Exchange was rather quiet as trading activity dropped to a four-month low with only €58,839 worth of shares changing hands today. The share index moved 0.3 per cent higher to 3,296.575 points largely due...

  • Managing an IT project

    Managing an IT project

    It would be inconceivable to run a project of any size or complexity without a project manager in the same way that would be inconceivable for a vehicle to run without a driver or some form of mechanism to control its speed, direction, stops and...

  • Energy price adjustments

    The liberalisation of markets in the European Union (EU) ended monopoly rights of many public service sectors that have, as a result, undergone significant changes. One of these is the energy sector. The Energy Directives set out rules for the...

  • G20’s new growth proposals suspiciously long in the tooth

    G20’s new growth proposals suspiciously long in the tooth

    As leaders of the world’s 20 most powerful nations congratulate themselves on plans to boost economic growth, a closer look at their 800-plus policy proposals reveals a catalogue of measures that are either old, vague or unlikely to be...

  • Europe’s car recovery persists as volume, luxury brands gain

    Europe’s car recovery persists as volume, luxury brands gain

    European new car sales rose 6.2 per cent in October from year-ago levels as volume and premium leaders including the Volkswagen and BMW groups recorded stronger demand in key markets. Passenger-car registrations in the European Union (EU) and the...

  • Equities rise over Japanese stimulus hope hopes

    Stock markets around the world rose yesterday and the yen hit a seven-year low as news of a surprise election and a delayed tax increase in Japan strengthened hopes for new stimulus measures a day after data showed the country was back in...

  • AstraZeneca trumpets solo strength in cancer drugs post Pfizer struggle

    AstraZeneca trumpets solo strength in cancer drugs post Pfizer struggle

    AstraZeneca touted an “industry-leading” line-up of hot new cancer drugs at an investor day yesterday, aiming to show it has a strong independent future after seeing off a $118 billion bid from Pfizer in May. The company also brought forward the...

  • Share index stumbles to 12-week low

    Share index stumbles to 12-week low

    The share index declined for the fourth successive session with a drop of a further 0.7 per cent to a fresh 12-week low of 3,286.92 points as most of the active equities retreated. Most notably, the share price of Bank of Valletta shed 1.8 per...

  • Australia, China deepen ties with landmark free trade deal

    Australia, China deepen ties with landmark free trade deal

    China and Australia yesterday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world’s second largest economy and one of Washington’s closest allies in Asia. The deal, which...

  • Money market report for the week ending November 14

    On Monday, November 10, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €98.42 billion, €0.23 billion...

  • Japan’s slip into recession paves way for snap poll

    Japan’s economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls. The recession comes...

  • EU ‘should work on becoming a single gas buyer’

    EU ‘should work on becoming a single gas buyer’

    The European Union as the world’s biggest energy consumer should explore ways to buy gas as a group, the European Commission’s new Energy Union boss said yesterday. The idea was put forward earlier this year by Poland’s then prime minister Donald...

  • Oil down and stocks mixed as Japan slips into recession

    Oil prices fell and global equity markets were mixed yesterday after news that Japan unexpectedly slipped into recession in the third quarter renewed concerns about the world economy, but merger activity and comment about European stimulus capped...

  • Share index registers third consecutive decline

    Share index registers third consecutive decline

    The share index trended lower for the third consecutive session with a further 0.4 per cent decline to 3,309.482 points with equity market volumes dwindling to €84,159. Today’s decline was mainly due to the one per cent drop in the share price of...

  • Economic dynamics of the minimum wage

    Economic dynamics of the minimum wage

    The debate on the minimum wage is rarely conducted in a clinical unemotional way. Malta introduced its minimum wage legislation in the seventies while Britain only introduced a national minimum wage 15 years ago. Political as well as social action...

  • Food costs eating into consumers’ saving as shopping season nears

    Food costs eating into consumers’ saving as shopping season nears

    Martha Franco says she had not really noticed the sharp drop in gasoline prices, even though the mother of three is always shuttling the kids around in her SUV. She has been paying closer ­attention to the soaring cost of meat instead. “Meat and...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Coneast from Algiers, the Stjerneborg from Sfax to Tripoli, the Saint Roch from Tripoli to Benghazi, the Conwest from Skikda (all Carmelo Caruana Co. Ltd), the Jaguar from Bejaia to El Khoms, the Rio...