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  • Company briefs

    The Volkswagen Group achieved the first goal of its Strategy 2018 last year: over 10 million vehicles delivered in 2014, an increase of 4.2 per cent. Including heavy commercial vehicles, group brands delivered a total of 3.95 million vehicles to...

  • Calamatta Cuschieri publishes CC Credit Outlook for H1 2015

    Calamatta Cuschieri has published the CC Credit Outlook for H1 2015 which covers the European and the US Bond markets, both within the High Yield and Investment Grade space. The outlook can be read in full here or abridged here. The key theme for...

  • BOV share price rises after bonus issue adjustment

    The equity of Bank of Valletta was today adjusted for the upcoming one-for-11 bonus share issue. The bonus shares will be allocated to the entitled shareholders tomorrow and trading in these new shares is expected to commence on Monday. BOV’s...

  • Why is the price of oil falling?

    This week the price of West Texas Intermediate (better known as WTI) fell below $45 bbl. Has the price of oil reached the bottom? In this short article, I will attempt to answer this and other questions related to the price of oil mainly from an...

  • €1.6m claims from More creditors

    €1.6m claims from More creditors

    Over €1.6 million is so far being claimed by 17 companies owed money by More Supermarkets, in a case which the Malta Association of Credit Management believes should never have happened. “This is the fourth case involving a supermarket that the...

  • MSE working to facilitate SME financing

    MSE working to facilitate SME financing

    The Malta Stock Exchange (MSE) is working on a product which will encourage small- and medium-sized enterprises to access capital markets which, subject to all the relevant regulatory approvals, should be implemented during this year. Although...

  • Area 4 back on the market for oil companies

    Area 4 back on the market for oil companies

    The government will soon publish a notice in the Official Journal of the European Union notifying that Area 4 is once again open for companies interested in oil exploration. Phoenicia Energy Company Ltd and Melita Exploration Company Ltd completed...

  • KPMG appoints partners and directors

    KPMG appoints partners and directors

    KPMG has appointed David Pace and Doreen Fenech as partners and Jonathan Dingli, John Ellul Sullivan and Paul Pace Ross as directors. This reflects the continued growth that the firm has achieved in 2014 and which is expected to be sustained in...

  • Dhalia strengthens HR department

    Dhalia strengthens HR department

    Dhalia Real Estate services has appointed David Dingli as its new HR executive. Mr Dingli, a management consultant by profession, specialises on strategic development, human resources management and operations management and has delivered lectures...

  • New partners at Fenech & Fenech Advocates

    New partners at Fenech & Fenech Advocates

    Fenech & Fenech Advocates has ap­pointed Monica Galea John and Alison Vassallo as partners. Dr Galea John joined Fenech & Fenech Advocates in 2000 and currently heads the compliance team within the financial services department. Her areas of...

  • An exceptional year for Malta Government Stocks

    An exceptional year for Malta Government Stocks

    After analysing the 2014 performance of the equity market in last week’s column, it is also worth looking into the developments across the bond market. The Rizzo Farrugia MGS Index, which tracks movements in the bid prices of the Central Bank of...

  • Memorandum of misunderstanding?

    Memorandum of misunderstanding?

    On December 15, Malta and Azerbaijan signed a memorandum of understanding on strategic cooperation in the oil and gas sector. The Azerbaijan Ambassador to Malta, Vaqif Sadiqov, is disappointed by what he sees as negative perceptions of his...

  • EU court adviser paves way for ECB bond-buying

    EU court adviser paves way for ECB bond-buying

    The European Central Bank won crucial backing yesterday for its pledge to do whatever it takes to support the euro when a top EU legal adviser removed a key hurdle to the bank’s plans to buy government bonds to bolster the economy. Pedro Cruz...

  • Tunnel vision for Gozo

    Tunnel vision for Gozo

    The president of the Gozo Business Chamber, Michael Grech, is a firm believer in a permanent link – a tunnel, not a bridge – but he told Vanessa Macdonald that the link alone would not be enough to help Gozo’s economy grow. Gozitans always lament...

  • Russian finance minister warns on spending as crisis deepens

    Russia’s Finance Minister yesterday called for a cut in planned spending to weather an economic crisis, warning of a drop of more than $45 billion in revenues this year if the average oil price is $50 a barrel. In comments underlining the...

  • Property tax wrong on many counts

    The tax on the sale of property has been a thorn in the side of finance ministers for nearly a decade. The original tax was met with howls of protest and had to be tweaked. But even then, there were parts of it that irritated parts of the...

  • Oil under pressure as World Bank cuts growth forecast

    Oil under pressure as World Bank cuts growth forecast

    Oil prices pared early losses yesterday but remained under pressure after the World Bank cut its economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. Oil and other...

  • Why pump prices aren’t falling faster

    Why pump prices aren’t falling faster

    With prices of crude oil in almost free fall on international markets, it is natural for car users to ask why pump prices aren’t falling as fast as the price of crude oil. There are a few reasons. There’s wide agreement that hedging is one of...

  • Stocks fall on world growth concerns, as copper plunges

    Securities around the world fell yesterday after the World Bank cut its economic growth forecasts for 2015 and 2016, with stocks lower across regions and copper suffering its biggest one-day drop in more than three years. The outlook fueled fears...

  • Enemalta support ‘make or break’ for solar farms

    Enemalta support ‘make or break’ for solar farms

    Solar farms will only succeed if Enemalta sees them as complementary to its own gener-ation, rather than as a threat to its ­revenue, Mark Bajada, the chairman of Bajada New Energy, has warned. “The energy from a solar farm would obviously reduce...