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Business

  • ECB survey of experts paints brighter eurozone outlook

    ECB survey of experts paints brighter eurozone outlook

    Economists and other experts surveyed by the European Central Bank pared back their predictions yesterday for inflation to just above zero for this year as oil prices stay low, but expect it will pick up strongly in 2016 and beyond thanks to fresh...

  • European and US stocks slip as Greek crisis also hits bonds

    European stocks slipped yesterday, pressured by Greece's worsening financial predicament, and eurozone government borrowing costs hit new lows. US stocks were slightly lower, despite another flurry of better-than-expected profit reports, including...

  • Deloitte Malta supporting Camino pilgrimage

    Deloitte Malta is supporting Emmanuel Camilleri, a member of staff from the firm’s tax and legal service line, who will be making the Camino pilgrimage. A group of Maltese hikers will be trekking across areas of Spain, France and Portugal, while...

  • International Women’s Day at GS Superstore

    To commemorate International Women’s Day, GS Superstore in Naxxar invited all its clients to donate their small change to The Inspire Foundation. The store doubled the final amount which resulted in the generous donation of over €1,060. Inspire...

  • Middlesea, Mapfre renew Street Smart campaign

    Middlesea, Mapfre renew Street Smart campaign

    Middlesea Insurance and Fundacion Mapfre are once again promoting road safety to school children through a “Street Smart Campaign” which was launched last year to pupils aged 11 to 13 years. The road safety education campaign will this year reach...

  • Vassallo Group’s initiative

    Vassallo Group, in conjunction with Richmond Foundation, has designed the Employee Assistance Programme which is intended to raise awareness among employees regarding situations or problems affecting their personal and social life, as well as...

  • MIA retreats by 0.2 per cent on last day for dividend

    On the last day to gain entitlement to the final net dividend of 8c per share, the equity of Malta International Airport slipped by 0.2 per cent to €3.51,2 on a single trade of 5,600 shares. The equity of the airport operator turns ex-dividend as...

  • The factors that will keep oil prices low at least until June

    The factors that will keep oil prices low at least until June

    Following the decline in the price of oil, investors may be tempted to bet on a rebound in price. In this article I will argue that both from a supply side and from the demand side conditions are not yet in place for a significant reversal of...

  • IHI issues bond ahead of IHG acquisition

    IHI issues bond ahead of IHG acquisition

    International Hotel Investments plc (IHI) will be the first corporate bond issuer in 2015 after it announced last Friday that it received approval from the MFSA for a new €45 million bond issue redeemable in 2025. The new unsecured bonds will be...

  • EU charges Google over shopping searches, launches Android probe

    EU charges Google over shopping searches, launches Android probe

    The EU accused Google Inc. yesterday of cheating competitors by distorting internet search results in favour of its Google Shopping service and also launched an antitrust probe into its Android mobile operating system. In a statement, Competition...

  • China growth slows to six-year low

    China grew at its slowest pace in six years at the start of 2015 and weakness in key sectors suggested the world’s second-largest economy was still losing momentum, intensifying Beijing’s struggle to find the right policy mix to shore up...

  • France challenges structural deficit targets set by EU

    France will target smaller reductions in its structural budget deficit in 2016 and 2017 than called for by the European Commission in order to preserve economic growth, the government said yesterday. Officials said the cuts sought by the EU...

  • Europe rallies on ECB as Wall Steet up on earnings

    European shares hit a 14-year high and the euro fell yesterday after the European Central Bank affirmed its loose policy stance, while US stocks rallied after several strong earnings reports. Weak data out of China bolstered expectations of...

  • Shipping movements

    The following ships are expected in Malta: The Elbella from Antalya to Antalya, the Saint Roch from El Khoms to Misurata, the Nicola from Annaba to Tunis, the Avonmoor from Bizerte to Algiers, the HH North (ex-Connorth) from Algiers to Misurata,...

  • Drop in BOV drags share index lower

    The 4.2 per cent drop in the share price of Bank of Valletta back to the €2.20,3 level offset the positive performances of six other equities to drag the share index back into negative territory with a 0.7 per cent decline to 3,738.569 points. A...

  • LVMH Moet Hennessy Louis Vuitton SE revenues surge on weak euro

    LVMH Moet Hennessy Louis Vuitton SE revenues surge on weak euro

    LVMH Moet Hennessy Louis Vuitton SE reported an impressive increase of 16 per cent in first quarter sales on the back of a weak euro and strong economic growth in the US. The group recorded excellent results in Europe and the United States. The...

  • Airfares must be transparent

    The number of flights booked over the internet is rapidly increasing. Customers browse the net in search of the lowest airfares as more and more airlines make available online flight purchases to end consumers. Providing air transport service...

  • The Maltese economy under the microscope

    GDP statistics offer analysts the possibility to analyse in detail the country’s economic developments which have taken place in a given year. Keeping in mind that the latest release is by definition highly provisional since it is based on...

  • HSBC starts search for non-executive directors

    HSBC starts search for non-executive directors

    HSBC has appointed headhunters to find new non-executive directors in an effort to freshen up its board, a person familiar with the matter said yesterday. Europe’s biggest bank previously said its next chairman would be an external candidate, and...

  • World trade growth less than forecast – WTO

    World trade growth less than forecast – WTO

    Global goods trade will grow by 3.3 per cent this year and by 4 per cent in 2016, less than previously forecast, mainly due to sluggish economic growth, the World Trade Organisation said yesterday. “We expect trade to continue its slow recovery...

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