Advert

Business

  • Political agreement reached on the Structural Reform Support Programme

    Political agreement reached on the Structural Reform Support Programme

    The European Commission has reached agreement with the European Parliament and Council of Ministers on the Structural Reform Support Programme (SRSP). The programme provides financing for the technical support that the Commission makes available...

  • Bannister makes it to the Captive Review list

    Bannister makes it to the Captive Review list

    The chairman of the Malta Financial Services Authority, Joe Bannister, has made it to the Power 50, a list published annually by Captive Review magazine of the “most influential professionals in the global captive insurance industry”. Prof.

  • BOV shares reach a nine-year high

    The Malta Stock Exchange index recouped last week’s losses as it gained 0.4 per cent, to close the week at 4,734.735 points. Trading in the equity market was spread across 17 equities of which gainers and losers tallied at six while the remaining...

  • Ukraine PM sees IMF deal by end-Feb amid new fighting in east

    Ukraine PM sees IMF deal by end-Feb amid new fighting in east

    Kiev expected to reach a deal with the International Monetary Fund by the end of the month to allow the next tranche of aid, Prime Minister Volodymyr Groysman said, and blamed Russia for renewed fighting flared in eastern Ukraine. Speaking after...

  • Trump tax cut talk, Chinese data spur risk rally

    Wall Street hit records highs for a second day and the dollar rose on hopes of business-friendly tax cuts, as upbeat Chinese trade data buoyed commodity-related shares in Asia and Europe. The equities boost continued a day after US President...

  • Daily currency report

    An overnight descent took the euro to late January lows against the dollar, a decline spurred by rising political risk ahead of France’s spring vote for president. One of the presidential candidates, Marine Le Pen of the far-right, has ambitions...

  • Company briefs

    STM is recycling 58 per cent of its water at the Kirkop site, it was reported in the company’s group annual Sustainability Report for 2015. The company invested $505,000 in 2015 to increase its deionised water production and recovery capacity.

  • Recruitment should be a buying operation

    The recruitment of persons has become the most important challenge for employers today. Two weeks ago I wrote about the value of employer branding for a company to distinguish itself from the rest and how this helps in attracting talent, reducing...

  • Germany’s record 2016 trade surplus may fuel US tensions

    Germany’s record 2016 trade surplus may fuel US tensions

    Germany’s trade surplus climbed to a record high in 2016, official data showed yesterday, days after US President Donald Trump’s top trade adviser accused Berlin of exploiting a “grossly undervalued” euro to its advantage. The surplus is likely to...

  • New rules to online content across borders

    New rules to online content across borders

    Europeans will soon be able to fully use their online subscriptions to films, sports events, e-books, video games or music services when travelling within the EU, according to the agreement reached by negotiators of the European Parliament, the...

  • IMF ‘ruthless truth tellers’ on Greece’s economy – Lagarde

    IMF ‘ruthless truth tellers’ on Greece’s economy – Lagarde

    The International Monetary Fund tried to be “ruthless truth tellers” in its assessment that Greece needs to pursue further reforms to its pension and tax systems, IMF managing director Christine Lagarde said on Wednesday. Speaking at an Atlantic...

  • Dollar and bond yields rise after Trump promises tax plan soon

    The US dollar and bond yields rose yesterday after comments from President Donald Trump that he would be releasing his “phenomenal” tax plan in the next few weeks. Investors have been waiting for details on Mr Trump’s election campaign pledge to...

  • MSE Share Index posts 3-day positive streak

    MSE Share Index posts 3-day positive streak

    The MSE Share Index climbed by a further 0.19% to 4,734.735 points today as the gains registered in the share prices of BOV, GO and HSBC outweighed the 0.4% decline in MIA. Trading volumes were weak today as only €0.14 million worth of shares...

  • Thomas Cook hikes summer package holiday prices by 9%

    Thomas Cook hikes summer package holiday prices by 9%

    Travel giant Thomas Cook has hiked the price of its summer package holidays by 9 per cent and shifted deals towards Greece after facing competition and soaring hotel costs in popular Spanish island resorts. The group said hoteliers in Spanish...

  • Natural Cycles app certified as contraception device by regulator

    Natural Cycles app certified as contraception device by regulator

    Natural Cycles, an app that uses body temperature to track a woman's menstrual cycle, has been certified as a medical device for contraception by one regulator. The app, which records daily temperature and uses an algorithm to plot fertility on an...

  • High dividend paying stocks in euro

    A lot of Maltese investors want to earn interest on their investment. It is not an option for many Maltese to opt for an asset class which does not pay out some form of income. I’m assuming that the majority of these investors would not need the...

  • Out of pocket, Italians fall out of love with the euro

    Out of pocket, Italians fall out of love with the euro

    When the Italian central bank’s deputy governor joined a radio phone-in show last week, many callers asked why Italy didn’t ditch the euro and return to its old lira currency. A few years ago such a scenario, that Salvatore Rossi said would lead...

  • French 2017 deficit reduction target ‘is very hard to achieve’

    The French government’s public deficit reduction target for 2017 would be “very difficult” to achieve, as it underestimated a rise in public spending and set overly optimistic tax income forecasts, France’s auditing court said yesterday. “For...

  • Qatar says oil market can cope with higher shale production

    Qatar says oil market can cope with higher shale production

    Higher oil prices might boost shale oil production but the global oil market could accommodate this as demand remained healthy, Qatar’s energy minister said yesterday. “The market is gradually accommodating for shale oil as well as shale gas – the...

  • Political jitters lift gold and dent euro

    Political uncertainty ahead of European elections gave nervous investors a reason to sell the euro and kept French government debt under pressure yesterday, while the price of safe-haven gold hit three-month highs. Wall Street stocks opened lower,...