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  • UK business investment slips as oil prices fall

    UK business investment slips as oil prices fall

    Investment by businesses in Britain fell at its sharpest rate in nearly six years in the last quarter of 2014, hit by lower investment in the petroleum sector as global oil prices fell. As estimated in a preliminary reading, British gross domestic...

  • StanChart picks Winters as CEO

    Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems. Asia-focused bank Standard...

  • Global equities fall and energy shares decline as oil tumbles

    Global equities declined yesterday after a mixed bag of US conomic indicators and a pullback in oil prices dampened investor enthusiasm. Major US equities indexes were little changed, pressured by a 1.6 per cent drop in energy shares. US consumer...

  • New lines calling at Freeport

    New lines calling at Freeport

    Two new lines have chosen Malta Freeport Terminals as their main trans-shipment hub in the Central Mediterranean. The Freeport will now host the 2M Alliance made up of Maersk Line and Mediterranean Shipping Company, and the Ocean Three Alliance...

  • Eurofound launches working conditions survey

    Eurofound has launched the fieldwork for the sixth European Working Conditions Survey. Based on interviews with over 43,000 workers, this research tracks the current state of working conditions in Europe, highlights the quality of work and...

  • PTL company wins award

    SAD has won a Mobile Trends Award for its TV streaming app developed for Polish public broadcasting network TVP. PTL International, the technology subsidiary of Hili Ventures, acquired SAD in July last year. SAD is Poland’s largest Apple retailer.

  • Company briefs

    Company briefs

    Fiat Professional has launched the Nuovo Doblò Cargo, the fourth generation of the Fiat Professional model. The Nuovo Doblò Cargo is now available with a completely updated interior and exterior design, including an ultra-modern distinctive front...

  • MIA up 6.3 per cent to a new record level

    The share prices of HSBC and Malta International Airport moved in opposite directions today reflecting the announcements earlier this week showing the different financial performances during 2014. MIA jumped by 6.3 per cent to a fresh all-time...

  • It not all about the money

    Working in financial services has its funny moments although I must admit that some anecdotes are difficult to relay to someone from outside the sector. The following are just a few that I heard or experienced myself. The penny-share manA man...

  • 1,300 irregular migrants working

    1,300 irregular migrants working

    A total of 1,296 irregular migrants were officially employed in Malta, as at the end of September 2014, either in full or part-time jobs. The figures provided by the Employment and Training Corporation show that only 177 of these were refugees,...

  • MIP improves financial position

    MIP improves financial position

    Malta Industrial Parks has made marked improvements to its financial position, doubling its profits and cutting its costs. MIP managed to improve its turnover from €11.8 million in 2012 to €13.5 million in 2013, in the meantime cutting its direct...

  • The DemoEV project: encouraging electric mobility

    The DemoEV project: encouraging electric mobility

    The DemoEV project conducts research related to the use of electric cars in Malta. It is co-funded by the European Union’s LIFE+, a financial instrument supporting environmental and nature conservation projects throughout the EU. The project...

  • All roads lead to Rome... and New York

    All roads lead to Rome... and New York

    Alfred Pisani and his family opened a restaurant in the villa left behind after his father died, and within 2 years borrowed a million liri from the banks to open a 156-room hotel there. At 76, he shows no sign of slowing down. He talked to...

  • A solution for pensions?

    Ten years after the Pensions Working Group was asked to come up with a formula for pensions, we are still no closer to a solution – as was clear from the speakers at the recent ifs-Malta conference. The terms of reference were twofold: they had to...

  • Finally, quantitative easing for eurozone

    Finally, quantitative easing for eurozone

    The long-awaited decision by the European Central Bank has finally been taken amid some resistance, it must be said. In November last year, governing council member Ewald Nowotny had said that the ECB “never should say never” to quantitative...

  • HSBC impairments surge and dividends decrease

    HSBC impairments surge and dividends decrease

    The financial reporting season commenced on a negative note as HSBC Bank Malta plc announced a 42 per cent decline in pre-tax profits to €52.1 million – the weakest performance since 2002. The single largest contributor to the drop in profits was...

  • Neglected Libya rigs will need to be scrapped

    Neglected Libya rigs will need to be scrapped

    Many Libyan onshore rigs have been more or less abandoned with little or no maintenance being done – and will probably have to be scrapped if neglected for much longer. A Maltese company servicing the oil and gas industry, Bluhull, said that since...

  • Fed’s Yellen flags rate hikes on ‘meeting-by-meeting’ basis

    The Federal Reserve is preparing to consider interest rate hikes “on a meeting-by-meeting basis”, Fed chair Janet Yellen told a congressional committee, a subtle shift of emphasis that helps lay the groundwork for the Fed’s first rate hike since...

  • What is TTIP and is it relevant to Malta?

    What is TTIP and is it relevant to Malta?

    There is no two ways about it – the Transatlantic Trade and Investment Partnership (TTIP) will be the largest trade and investment agreement ever, which studies estimate, will result in some €119 billion of additional growth per annum for the...

  • European Commission consults on Capital Markets Union

    The European Commission has launched a landmark project, starting with a three-month consultation period, to unlock funding for Europe’s businesses and to boost growth through the creation of a single market for capital. The Capital Markets Union...