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  • Retail sales growth slow sharply in June – BRC

    Retail sales growth slow sharply in June – BRC

    British retail sales growth slowed in June to one of its weakest rates in three years, possibly in response to fears of higher interest rates, industry figures showed yesterday, adding to recent lacklustre economic data. The British Retail...

  • BOV, HSBC lift MSE share index

    BOV, HSBC lift MSE share index

    The MSE share index moved 0.4 per cent higher to 3,318.518 points this morning largely due to the increases in the share prices of Bank of Valletta and HSBC. BOV rebounded by 1.4 per cent to €2.12 on volumes of just under 35,000 shares. Similarly,...

  • Dark pool probe builds pressure on Barclays boss

    Dark pool probe builds pressure on Barclays boss

    Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain’s third largest, should fight accusations it deceived and defrauded customers in the US. If Jenkins accepts the...

  • Money market report for the week ended July 11

    On Monday, July 7, 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 €94.15 billion, €2.95 billion lower...

  • Fear of ‘chlorine chicken’ complicates EU-US talks

    Fear of ‘chlorine chicken’ complicates EU-US talks

    German Chancellor Angela Merkel once said she wished “for nothing more than a free-trade agreement between the US and the EU”. To the dismay of many in Brussels and Washington, Germans are now taking a very different view. That is putting Europe’s...

  • Airbus unveils revamp of A330 passenger jet

    Airbus unveils revamp of A330 passenger jet

    European planemaker Airbus kicked off the Farnborough Airshow yesterday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 per cent fuel savings. Deliveries of the...

  • Stocks recover on Citi news

    The dollar edged higher and global equity markets rose yesterday, lifted by Citigroup’s earnings and as investors put aside concerns about euro zone banks and took heart in a fresh round of merger and acquisition activity. Citigroup Inc reported a...

  • Samsung suspends business with a Chinese supplier over child labour fears

    Samsung suspends business with a Chinese supplier over child labour fears

    Samsung Electronics Co. Ltd said yesterday it had suspended business with a Chinese supplier it suspected of employing child labour, less than a week after a US watchdog report accused the supplier of using under-aged workers. The South Korean...

  • The future of retirement

    The future of retirement

    Charles Eugester is a 94-year-old Irish dentist who has been declared by his country’s media as the world’s fittest old age pensioner. He recently spoke in an inaugural Register of Exercise Professionals convention at University College Dublin. He...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Jamila from Misurata, the Vega Aquila from Thessaloniki to Piraeus, the HS Bruckner from Valencia to Livorno, the Santa Bettina from Tanger Med to Gemlik, the Bernhard Sibum from Ploce to Ravenna (all...

  • HSBC Malta to launch mobile banking

    HSBC Malta to launch mobile banking

    HSBC Malta is about to launch a free mobile banking app, which can be used on an iPhone, iPad or Android smartphone. “Customers want a personalised experience across devices and channels while they are on the move, and in a way that suits them,”...

  • Midi sells Tigné Point site to joint venture

    Midi has sold a 2,000m2 site at Tigné Point to a joint venture for €11.7 million. The joint venture, Mid Knight Holdings Ltd, is a 50/50 partnership between a fully-owned subsidiary of Midi, T14 Investments, and Benny Holdings, owned by...

  • Cooperatives as sustainable enterprises

    Cooperatives as sustainable enterprises

    The theme chosen for this year’s International Day of Cooperatives – celebrated yesterday – is ‘Cooperative enterprises achieve sustainable development for all’. Sustainable business involves the integration of environmental, economic and social...

  • Banks set to return €3.7bn in crisis loans to ECB next week

    Banks set to return €3.7bn in crisis loans to ECB next week

    Banks will return €3.737 billion in long-term loans to the European Central Bank next week, after the ECB started to charge for holding banks’ excess cash overnight and promised more long-term loans. The amount that banks will repay on July 16 is...

  • Special €2 coin to mark police 200th anniversary

    The Central Bank of Malta will issue a €2 commemorative coin on Wednesday, marking the 200th anniversary of the setting up of the Malta Police Force. As part of the bicentenary celebrations, an exhibition of selective memorabilia from the Malta...

  • 6PM’s CareSolutions goes live in UK hospitals

    6PM’s CareSolutions Climate-HIV is now live at The Pennine Acute Hospitals NHS Trust and will soon be used for clinical management support of their HIV care. Pennine is a significant centre for HIV treatment and strategic hub for 6PM in the North...

  • Go decides to convert loan to equity

    The Go board has decided to exercise its option to convert into equity the interest-free loan it made to Forgendo last January, which was used by Forgendo to take part in the €30 million share capital increase in Forthnet. Go is a 50 per cent...

  • College company Concentrate sets off to take part in European finals

    College company Concentrate sets off to take part in European finals

    A team of eight Sixth Form entrepreneurs from St Aloysius College are off to Tallinn, Estonia representing Malta at the European Company of the Year Competition. Concentr8 was selected as the HSBC Company of the Year 2013/14, winners of the Junior...

  • BOV shares rise by two per cent

    BOV shares rise by two per cent

    The Malta Stock Exchange (MSE) index retreated from the previous week’s rebound, easing 0.75 per cent lower to 3,302.525 points – a few points above its fresh record 14-month low of 3,293.636 points last Thursday. Dragging the index lower were...

  • Fed stimulus set to end by October

    According to the minutes of the US Federal Reserve (Fed) June policy meeting published last week, officials agreed to end their bond-buying programme by October, putting a definitive end-date on the programme and closing a controversial chapter in...