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  • Shares fall on oil drop and Greek unrest

    Investors sold equities worldwide yesterday after China's market posted its worst day in five years and oil prices fell to levels not seen since 2009. US and European shares were down for a second day in a row, in part due to concern that the...

  • Troubled Tesco warns on profit again

    Grocer Tesco has cut profit expectations for the fourth time this year, blaming the cost of trying to recover from an accounting scandal and a slide in market share. Shares in the world’s third-biggest retailer plunged as much as 17 per cent to a...

  • HSBC slips back to 2014 low

    HSBC slips back to 2014 low

    In contrast to the marginal increases in the share price of HSBC during the past two weeks, new sell orders forced the bank’s equity down to €1.90 although a final trade at €1.93 ensured that the shares ended the session 0.8 per cent higher.

  • A big step forward for small Australian banks

    A big step forward for small Australian banks

    Australia’s smaller banks stand to benefit from a government-backed financial sector review that has recommended the nation’s big lenders set aside more capital for their main business of mortgages, in a move towards a level playing field. The...

  • Japan economy shrinks more than expected

    Japan’s economy shrank more than initially reported in the third quarter on declines in business investment, data showed yesterday, surprising markets and backing premier Shinzo Abe’s recent decision to delay a second sales tax hike. The hit from...

  • Money market report for the week ended December 5

    On Thursday, December 4, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO) and the interest rates on the marginal lending facility and the deposit facility will remain...

  • China faces pressure as imports shrink unexpectedly, exports slow

    China faces pressure as imports shrink unexpectedly, exports slow

    China’s imports shrank unexpectedly in November while export growth slowed, fuelling concerns the world’s second-largest economy could be facing a sharper slowdown and adding pressure on policymakers to ramp up stimulus measures. Exports rose 4.7...

  • US, European stocks fall as oil hits five-year low

    US and European stocks fell yesterday after weak Chinese and Japanese data stoked worries about slowing global economic growth, while oil prices sank to five-year lows on expectations of oversupply into 2015. The euro sagged to two-and-a-half-year...

  • The end of the political utopia

    The end of the political utopia

    The debate on whether political ideology still matters in today’s complex world erupts from time to time. The silver generation of baby boomers who in their younger days were split in supporting either capitalism or socialism often get hot under...

  • ­­­Shipping movements

    These are the cargo ships sailing to Malta: The Rio Cadiz from Antwerp to Haifa and the BC Hamburg from Misurata to Misurata (both Thomas Smith & Co. Ltd), the St Roch from El Khoms to Misurata (Carmelo Caruana C. Ltd), the MV Eurocargo Napoli...

  • Strasbourg’s VAT judgment against Sweden could impact Maltese tax system

    Strasbourg’s VAT judgment against Sweden could impact Maltese tax system

    The European Court of Human Rights in Strasbourg has delivered an important judgment against Sweden which suggests that a person who infringes VAT law cannot be subjected to two penalties for the same offence. Such a judgment is expected to have a...

  • €7 million refurbishment project for Seashells Resort at Suncrest

    €7 million refurbishment project for Seashells Resort at Suncrest

    The Seashells Resort at Suncrest, Qawra, has closed and will reopen on April 1 next year after undergoing a massive €7 million refurbishment project. The refurbishment will affect all areas of the hotel, especially the guest rooms, which will be...

  • MCA discusses digital economy at annual conference

    A lot of discussion during the past year has focused on the digital economy, and it comes as no surprise that this ­composite, digitally-driven shift in business models has topped the agendas of many countries across the globe, ­according to...

  • Oil price forecasts dive after OPEC maintains output target

    Oil price forecasts have collapsed in the wake of OPEC’s decision not to cut output despite a global glut, a Reuters monthly poll has showed. The survey of 31 economists and analysts, conducted after the Organisation of the Petroleum Exporting...

  • How to make your money grow, safely

    In a world economic situation where people can rely much less on State help and have to be financially stable and self-sufficient until the final years of life, finding the most efficient way to make money work and grow has become a priority.

  • Shock without awe

    It hasn’t been a good year for celebrities. First Sylvester Stallone stole Leonardo di Caprio’s pink Cadillac and crashed it on Sunset Boulevard. Then grumpy cat was declared a fraud after he was papped smiling. To make matters worse, Sofia...

  • Bridging the SME ‘Valley of Death’ gap: Private equity funds for Maltese firms?

    Bridging the SME ‘Valley of Death’ gap: Private equity funds for Maltese firms?

    The Small and Medium-sized Enterprises (SME) Week 2014 has ended and it is now time for the Maltese business community to reflect on one of the outcomes discussed – the need to create appropriate ‘ecosystems’ for the smoother operations of SMEs...

  • Smooth operator

    Smooth operator

    This month, restaurants, catering establishments and other leisure destinations will be experiencing what is possibly the busiest month of the year. The last thing on their mind will be their back office IT systems which they will need to have...

  • PKF executive director appointed chairman of the Forum of Firms

    PKF executive director appointed chairman of the Forum of Firms

    PKF has announced that Theo Vermaak has been appointed chairman of the Forum of Firms. Mr Vermaak joined PKF in 2000 and is currently an executive director of the Africa Region and chairman of the International Professional Standards...

  • Open to suggestions

    Open to suggestions

    All businesses want to protect their software from being copied or pirated. But is it really worth obfuscating or implementing other methods to prevent competitors from reverse engineering your code or freeloaders from releasing a pirated version...