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Business

  • Malta gets EU nod for new energy law

    Malta gets EU nod for new energy law

    The EU Commission has informally informed the Building Regulation Office (BRO) that its proposed building energy legislation is in line with EU directives – allowing it to breath a sigh of relief as Malta had at one point been facing a minimum €33...

  • Interpreting the ECB and its dissenters

    It is of no surprise that the tensions between the European Central Bank (ECB) and German leaders has increased over the past days, following the strong boost in terms of stimulus the ECB announced on the 10th March. The relation between both...

  • The risk/reward concept

    The risk/reward concept

    A news item that caught my attention this week was the statement made by the director of the house run by the Salesians, Dar Osanna Pia, stating how there are a growing number of youths who are becoming comfortable depending on social benefits.

  • Greece’s 2015 primary surplus beats target, but already discounted

    Greece’s 2015 primary surplus beats target, but already discounted

    Greece had a primary surplus last year that beat the target set in its bailout programme, according to the European Commission, but eurozone officials said the number was already discounted in talks between Athens and lenders on reforms and debt...

  • Mario Draghi keeps rates at rock bottom in face of German backlash

    Mario Draghi keeps rates at rock bottom in face of German backlash

    European Central Bank president Mario Draghi brushed off German criticism of his ultra-loose monetary policy yesterday and vowed to use all the tools at his disposal for “as long as needed”. He said the ECB’s policy was working, which helped boost...

  • Stocks steady as euro slips and oil down

    The euro turned lower against the US dollar yesterday after ECB president Draghi pledged to keep monetary policy loose, while oil prices slipped on further evidence of oversupply and a stronger dollar. US stocks were little changed following mixed...

  • MIA drags MSE Share Index lower

    MIA drags MSE Share Index lower

    A 1.1 per cent drop in the Malta International Airport plc share price dragged the MSE Share Index down for a second consecutive day today.  The 0.1 per cent drop to 4,538.771 points was nevertheless smaller than yesterday’s 0.25 per cent...

  • ASML Holdings Q1 2016 Review

    ASML Holdings Reported first-quarter Sales and Gross margin in Line with guidance yesterday. Headquartered in Veldhoven, the Netherlands, ASML makes the machines that are used to manufacture semiconductors. ASML designs, develops, integrates,...

  • Reputation matters to compliance officers

    Reputation matters to compliance officers

    Reputation management is not a prerogative of large institutions and must be seen as an important matter by small- and medium- sized companies as well. Compliance officers within the financial services industry are aware that it is becoming...

  • British SME firms face £35.6bn Brexit hit – report

    Uncertainty surrounding Britain’s vote on whether to stay in or leave the EU has left small- and medium-sized British companies facing a £35.6 billion currency risk, a report said yesterday. It is the amount of international payments potentially...

  • Dutch court overturns $50bn Yukos award against Russia

    In a victory for Moscow, a Dutch court yesterday overturned an order that Russia pay $50 billion to shareholders in defunct oil company Yukos, saying that the Hague-based Permanent Court of Arbitration had no jurisdiction. “The court quashed the...

  • Oil bounces on stockpile data as the dollar gains

    Oil prices jumped yesterday as government data showed US crude stocks rose slightly less than expected last week, while the US dollar advanced against the euro ahead of today’s European Central Bank meeting. US stocks climbed following gains in...

  • Mitsubishi Motors manipulated fuel economy tests

    Mitsubishi Motors Corp. said it falsified fuel economy test data to make emissions levels look more favourable, and its shares slumped more than 15 per cent, wiping $1.2 billion from its market value yesterday. Tetsuro Aikawa, president of Japan’s...

  • Shipping movements

    These ships are expected in Malta: The Bomar Juliana from Algeciras to Livorno, the CMA CGM Hydra from Djibouti to Valencia (both CMA CGM Malta Agency Ltd), the Allegro from Ancona to Salerno (Sullivan Shipping) and the Seago Bremerhaven from...

  • Maltese-listed company embroiled in French inquiry

    Maltese-listed company embroiled in French inquiry

    The Pefaco Group has denied stories in the international media about involvement with the Bolloré Group, which is being investigated in connection with port concessions in West Africa, saying it was at the disposal of the judicial authorities...

  • AAT set for internationalisation

    AAT set for internationalisation

    AAT Research has head hunted Wolfgang Storf, the former CEO of Novartis-Sandoz in South Africa, as the five-year-old company gets ready for international growth. “It’s a great opportunity for me as I think AAT has a unique approach to problem...

  • Logistics: the challenge to fill northbound freight

    Logistics: the challenge to fill northbound freight

    According to the latest statistics, the trade deficit in Malta widened by 45.9 per cent year-on-year to €558 million in February 2016 – the highest trade gap on record. This statistic is no doubt of great concern to economists who view it in terms...

  • Contractual clauses may fall foul of data protection

    Contractual clauses may fall foul of data protection

    Companies that share data – on both clients and employees – with countries outside the EU will have to wait to see how they will be impacted by new legislation which should be introduced over the next two years. These companies currently on...

  • PKF studies benefits of vocational training

    PKF studies benefits of vocational training

    A PKF study into the labour activity rate for females aged 15 to 24 attributed it partly to the high rate of early school leavers. The government hopes to solve this by introducing vocational training – but how effective is this? A second study...

  • No room to hide at BOV

    Will the truth about what is going on with regard to ‘lending malpractice’ at Bank of Valletta ever emerge? And, perhaps more to the point, if it does, would anyone believe it? Unfortunately, this is not a simple case of political jibes. It...

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