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  • Shipping movements

    The following ships are expected in Malta: The Maersk Savannah from Port Said to Genoa (Thomas Smith Shipping Ltd), the MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime), the Flex Box Container from Valencia to Livorno, the HH West...

  • BOV, 6PM Holdings close lower

    BOV, 6PM Holdings close lower

    The share price of Bank of Valletta closed 0.9 per cent lower at the €2.17 level after touching an intra-day high of €2.18,9. Trading activity increased to 52,427 shares today. Later on today, the bank will be holding its annual general meeting...

  • New guidelines on right to be delisted

    The right to be forgotten owes its origin to a judgment delivered by the Court of Justice of the European Union (CJEU) in May this year against Google Spain after a Spaniard searched for references to himself on Google’s search engine and found a...

  • Britain’s state-backed banks scrape through stress tests

    Britain’s state-backed banks scrape through stress tests

    The Bank of England gave Britain’s state-backed lenders a narrow pass in its debut annual stress tests yesterday, but warned that next year banks would face tougher checks of their capital strength and inter-national exposure. Lloyds and rival...

  • Plunging oil prices could boost geopolitical tensions – BOE

    Plunging oil prices could heighten geo-political tensions, trigger defaults by US shale oil and gas firms and destabilise eurozone inflation expectations, the Bank of England warned yesterday. In a half-yearly assessment of global financial risks,...

  • Stocks rebound, oil pares losses ahead of Fed meeting

    Crude oil prices pared losses and global equity markets rebounded yesterday as investors snapped up beaten-down energy stocks and wagered the US central bank will express caution in the midst of growing turmoil in capital markets sparked by oil’s...

  • BT opts for EE in £12.5bn mobile deal

    BT has entered exclusive talks with the owners of EE for a potential £12.5 billion acquisition deal to give the former UK state telecoms firm the top position in mobile as well as fixed-line broadband services. BT had been in competing talks with...

  • Share index down 0.3 per cent as HSBC, GO decline

    Share index down 0.3 per cent as HSBC, GO decline

    The share index dropped 0.3 per cent today to 3,230.859 points to its lowest level since February 2013 as the equities of HSBC and GO both declined offsetting the gains in BOV and Lombard Bank. HSBC lost a further 1.6 per cent to a fresh 2014 low...

  • EU investment plan may be a day late and euros short

    EU investment plan may be a day late and euros short

    The European Union’s vaunted investment plan, due to be formally blessed by the bloc’s 28 leaders at a summit this week, may be a day late and several euros short to revitalise a stagnant economy. Because of Europe’s mountain of public debt, the...

  • Money market report for the week ended December 12

    On Monday, December 8, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, December 9, and attracted bids from euro area eligible counterparties of €105.22 billion, €7.18...

  • Sound credit management: lessons learned?

    Sound credit management: lessons learned?

    The Maltese business community and the local media followed with great interest the recent experience involving a supermarket chain which evidently is in serious financial difficulty, leaving a number of creditors and suppliers in the dark about...

  • Brent edges up to $62.35 after earlier crash in volatile trade

    Brent edges up to $62.35 after earlier crash in volatile trade

    Oil markets saw volatile trading in Asia yesterday as Brent prices first fell to a five-and-a-half year low after the International Energy Agency (IEA) cut its outlook and then rose on hopes of improving manufacturing data. Brent futures fell to...

  • Oil prices fall pulling downmarket assets

    Oil prices plumbed five-and-a-half-year lows yesterday, pulling down emerging market assets and boosting demand for the safe-haven yen, while global equity markets slipped further after last week's rout amid nagging worries about world­wide...

  • IHI gains after plans announcement

    IHI gains after plans announcement

    The share price of International Hotel Investments plc advanced by 3.8% to regain the €0.55 level but activity was weak with only 4,650 shares changing hands on lack of further supply in the market. Meanwhile, further bids totalling 27,470 shares...

  • Generation-Y’s career prospect challenges

    Generation-Y’s career prospect challenges

    Young people born after the early 1980s, often referred to by sociologists as Generation-Y, and entering the labour market look at their career prospects quite differently from their parents who belong to the baby boomers or silver generation. As...

  • VW sales growth slowest in fifteen months as Americas demand falls

    VW sales growth slowest in fifteen months as Americas demand falls

    Sales growth at Volkswagen, Europe’s biggest carmaker, was the slowest for 15 months in November as declining demand in the Americas offset gains in Europe and China. The German group, whose brands include the luxury Audi marque and its core VW...

  • Gucci ousts leadership duo after sales decline

    Gucci ousts leadership duo after sales decline

    The owners of Gucci parted company with the Italian fashion brand’s leadership duo Friday, promoting the head of their luxury goods business to the top job in response to slumping sales. Gucci, which provides the bulk of operating income for...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Saint Roch from Misurata, the Taurus J from Bejaia to Bejaia, the Satie from Aliaga to Tanger Med, the Oued Ziz from Skikda to Skikda (all Carmelo Caruana Co Ltd), the MV Eurocargo Napoli from Salerno...

  • 6PM ventures into the Australian market with Avantix appointment

    6PM ventures into the Australian market with Avantix appointment

    6PM, a leading IT and software solutions company, has announced the appointment of Avantix as its Australian-based reseller with a view that this will eventually lead to the setting up of 6PM Australia. The appointment forms a key element of 6PM’s...

  • Bay Street Hotel to undergo multi-million euro upgrade

    Bay Street Hotel is to undergo a major, multi-million euro upgrade in preparation for its ambitious business plan for 2015. Closing for a designer-led concept refurbishment and re-opening in March 2015, Bay Street will provide the industry with a...