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  • US and European shares gain as oil prices surge 3%

    Stocks on major world markets gained yesterday, while oil prices surged more than three per cent on buying triggered by comments from an Saudi oil minister and a forecast that crude markets are set to tighten. Major US stock indexes gained,...

  • EU’s bank rescue chief sees no exceptions to bail-in rules

    Creditors would be hit if a European bank failed and no exceptions to this ‘bail-in’ rule were being considered, the chief of the European Union’s bank rescue body said. Aimed at ending taxpayer-funded bailouts, the bail-in regime, which could...

  • FIMBank share price drops below $1

    The share index failed to register a three-day positive streak as it slipped by 0.22 per cent today to 4,445.204 points. Most of the today’s trading activity took place in the equity of FIMBank which declined by 3.6 per cent to the 98cUS level...

  • Peppa Pig goes on sale

    Entertainment One is a Canadian media distribution company. Based in Toronto, Ontario, the Company is primarily involved in the acquisition, distribution, and production of entertainment content, including films, television series, and music. It...

  • ‘Self-driving’ in spotlight again as autopilot car crashes in China

    ‘Self-driving’ in spotlight again as autopilot car crashes in China

    Tesla said yesterday that one of its cars had crashed in Beijing while in ‘autopilot’ mode, with the driver contending sales staff sold the function as ‘self-driving’, overplaying its actual capabilities. Tesla said it had reviewed data to confirm...

  • Venezuela tries to rally support for oil producer meeting

    Venezuela said it was trying to rally support for a meeting of oil producers to agree measures to prop up oil prices, the struggling Latin American country’s biggest source of income. Venezuela, a member of the Organization of the Petroleum...

  • Eurostar train staff to strike for seven days, UK union says

    Train managers on the Eurostar line linking Britain to continental Europe will strike for a total of seven days in August because of a long-running dispute over anti-social working hours, Britain’s RMT rail union yesterday. The RMT said the strike...

  • Shipping movements

    These ships are expected in Malta: The Karina from Tobruk to Sousse, the CMA CGM Matisse from Algeciras to Livorno, the Sagitta from Tanger Med to Gebze, the CMA CGM Musca from Djibouti to Valencia (all CMA CGM Malta Agency Ltd), the MSC Daniela...

  • Peppa Pig owner Entertainment One rejects £1bn offer from ITV

    Peppa Pig owner Entertainment One rejects £1bn offer from ITV

    Canada’s Entertainment One, the owner of children’s TV brand Peppa Pig, said it had rejected a £1 billion takeover offer which, according to a source, came from broadcaster ITV. “The board of eOne has reviewed the proposal and has unanimously...

  • Oil slides, drags on energy shares as dollar weakens

    Oil prices fell yesterday after a surprise build in US crude inventories, while the dollar gave up recent gains as investors awaited direction on a potential interest rate hike. Wall Street weakened in morning trading after oil turned lower, as...

  • Prospects looking good

    Prospects looking good

    The government is planning to announce fiscal incentives in the coming Budget to cover the Prospects product launched earlier this year by the Malta Stock Exchange. Prospects was launched last February to offer a cost-effective alternative source...

  • Divided we fall…

    Divided we fall…

    It seems unlikely that the Trans Pacific Partnership will be approved by the US Congress. What hope then for the TransAtlantic Trade and Investment Partnership (TTIP)? That is only one of the many issues facing this historic deal, as Vanessa...

  • Many hands make light work

    Many hands make light work

    In just seven months since it was launched by the University of Malta and the Malta Business Bureau, crowdfunding platform Zaar has already attracted 21 projects, manager Matthew Caruana said. Of these, eight were successful, eight unsuccessful...

  • Barter system strangling construction sector suppliers

    Barter system strangling construction sector suppliers

    The barter system prevalent in the construction sector is strangling cash flow for suppliers, and a solution spanning various stakeholders has to be found, Arthur Calleja, the managing director of Würth Malta, said. He said that getting paid on...

  • Fumbling in the dark

    Finance Minister Edward Scicluna makes an important point in today’s Business Observer: data is crucial for planning purposes. This is of particular importance when you consider that when it comes to government decisions, every action has an equal...

  • Compensation to shareholders

    Compensation to shareholders

    The article entitled ‘Impasse over National Bank valuation’ (Business Observer, July 14) sums up correctly the present situation in regard to the two pending court cases instituted by NBM shareholders against the government. However, as the...

  • Gio at Portomaso Casino

    Gio at Portomaso Casino

    Since setting up their establishment in 2006, Portomaso Casino has attempted to reach for the sky with its ambitious plans to set a new benchmark within Malta’s entertainment industry. The place has, in fact, become atop destination for both...

  • Will bank deposit interest rates go negative?

    Will bank deposit interest rates go negative?

    Last week, the Bank of England (BOE) reduced the bank base rate in the UK for the first time since March 2009 and said it expects to cut it further towards zero in the months ahead. In response to the June vote in the Brexit referendum, the BOE...

  • GO share price jumps to 11-week high

    The share index climbed to its highest level in over a week largely due to the rebound in the share price of GO. HSBC and MPC also registered gains. On the other hand, RS2 posted a marginal decline while Malita Investments retreated to its 2016...

  • Britain’s J-Curve effect

    It is tough writing on a new topic every week, when persistent volatility leads to déjà vu scenarios as seen over recent months. The Bank of England is expected to maintain accommodative monetary policy measures following recent data...