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  • France set to boost housing, cut taxes for low-paid employees

    France set to boost housing, cut taxes for low-paid employees

    The French government will announce measures soon to boost construction and give tax relief to low income households, a minister said yesterday as President François Hollande tries to pull the economy out of stagnation. Real estate has become a...

  • BHP announces spin-off plan

    BHP announces spin-off plan

    The world’s biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities. But it held off on a share buyback,...

  • eBusiness Awards launched

    Nominations for the fourth edition of the MCA eBusiness Awards are now open. The MCA eBiz awards acknowledge the use of technology in the entrepreneurial efforts of individuals and organisations The Malta Communications Authority has established...

  • Future of insurance block exemption

    Now is the time for the insurance industry to sound its voice. A consultation recentlylaunched by the European Commission seeks to gather the views of stakeholders in the insurance sector on the future of the current Insurance Block Exemption...

  • Wall St extends global stocks rally

    Global stock markets rose yesterday as investors turned bolder on signs the Ukraine crisis was easing and monetary policy appeared likely to remain accommodative. The dollar climbed smartly as the euro sank to a nine-month low against the...

  • Company briefs

    Company briefs

    The recently launched TransLog logo designed by BPC. Translog Awards has launched the logo for its first edition, being held later this year, which will recognise the achievements of companies and individuals operating in transport and logistics...

  • MSE Share Index down on losses in both BOV and HSBC

    MSE Share Index down on losses in both BOV and HSBC

    Trading activity during this morning’s session at the Borza was encouraging with a value of €225,680 across 8 active equities. The MSE Share Index retreated by 0.1% to 3,306.447 points, as losses in BOV, HSBC and 2 other equities offset the...

  • Regulators push banks to rid casinos of money laundering

    Regulators push banks to rid casinos of money laundering

    Large global banks are facing increased pressure from US regulators to clamp down on casino money laundering as the government pushes the industry to police not only its own transactions but customers’ as well. Bankers, casino executives and...

  • Money market report for the week ended August 15

    On Monday, August 11, the European Central Bank announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €108.20 billion, €0.28 billion higher...

  • With cigars and crystal, Volvo makes eyes at Chinese rich

    With cigars and crystal, Volvo makes eyes at Chinese rich

    With headlights shaped like Thor’s hammer and space for a humidity-controlled cigar case, Volvo’s new cars are sporting luxury features and designer glitz to catch the eye of the booming Chinese market and shed their safe-but-dull skin. The XC90...

  • Thai CPF gets McDonald’s Japan orders after food scare in China

    Thai CPF gets McDonald’s Japan orders after food scare in China

    Charoen Pokphand Foods Pcl, Thailand’s largest meat and animal feed producer, said yesterday its business was booming, especially after it was approached by McDonald’s Holding Co (Japan) to supply chicken products after a food scare in...

  • Oil price hits 14-month low

    US stock prices jumped yesterday, following the path of equities in Europe, as investors breathed easier over the crisis in Ukraine and knocked oil prices to lows not seen in more than a year. US bond prices dropped and the dollar rose after...

  • Eurozone ‘to grow slower than thought’

    Eurozone ‘to grow slower than thought’

    The eurozone economy is expected to grow more slowly than initially expected during the rest of this year as conflicts in Ukraine and elsewhere weigh on business confidence, Germany’s central bank said yesterday. The eurozone economy unexpectedly...

  • EU farmers to get €125m to help with Russia ban

    EU farmers will get financial help of up to €125 million to help them cope with the impact of Russia’s ban on most Western food imports, which has created a glut of fruit and vegetables in peak harvest time, the European Commission said...

  • MSE share index edges higher on low volumes

    MSE share index edges higher on low volumes

    Equity trading this morning was subdued by the holiday period, with 16 trades for a total value of just over €70,000 registered. The MSE Share Index reached 3,310.904 points, as the large cap banks traded higher, offsetting the 1.9% decline in the...

  • Coke’s Monster deal underlines caution on a full-blown merger

    Coca-Cola Co’s $2.15 billion wager on a stake in Monster Beverage Corp highlights the growth-starved soft drink company’s embrace of deals that fall short of a full-blown merger and acquisition but allow it to test-drive potentially risky...

  • Holders of Argentina eurobonds to appeal US court no-pay ruling

    Holders of Argentina eurobonds to appeal US court no-pay ruling

    Holders of euro-denominated Argentine bonds plan to appeal a US judge’s ruling blocking the country from making payments on their debt, according to a court filing. In a notice filed in Manhattan federal court, lawyers for the bondholders...

  • IBM $2.3bn server sale gets regulator approval

    IBM $2.3bn server sale gets regulator approval

    International Business Machines Corp said yesterday that US regulators had approved the $2.3 billion sale of its low-end server business to Lenovo Group Ltd, as the company continues its shift to more profitable software and services like cloud...

  • Google buys city-guide app maker JetPac Inc

    Google Inc is buying JetPac Inc, the startup that designs social travel applications disclosed on its website, without providing details. “We’ll be removing Jetpac’s apps from the App Store in the coming days, and ending support for them on 9/15,”...

  • Italy needs tough reforms agenda

    Italy needs tough reforms agenda

    The last several months saw Italy taking significant steps to find the way to economic growth after years where the economy underperformed as a result of falling competitiveness. Italian Prime Minister Matteo Renzi convinced many of his early...