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  • Rio Tinto rejects Glencore merger

    Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, slid towards a five-year low. The miner said yesterday...

  • German data drags global stocks down

    Global equities prices fell yesterday and oil slipped to near 27-month lows after a second day of weak data out of Germany, the eurozone’s largest economy. Wall Street stocks fell ahead of this week’s start of third-quarter earnings season, with...

  • Regulators want quick Deutsche Bank Libor settlement

    US and UK regulators are pushing to settle the Deutsche Bank AG Libor case quickly and hope to extract major penalties, although a conclusion is unlikely before 2015, The Wall Street Journal reported, citing unidentified sources. US prosecutors...

  • A quiet session on the MSE

    A quiet session on the MSE

    This morning’s session at the Borza was quiet, with only 13 trades across three equities, totalling 27,483 shares. The MSE Share Index eased 0.2% lower to 3,341.608 points as HSBC Bank Malta plc failed to hold on to yesterday’s €2.00 level,...

  • Hewlett-Packard to split into two public companies

    Hewlett-Packard to split into two public companies

    Hewlett-Packard Co. said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations. HP said its shareholders would own a stake in both businesses...

  • Money market report for the week ended October 3

    On Thursday, October 2, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO) and the interest rates on the marginal lending facility and the deposit facility will remain...

  • China opportunities from a European perspective

    China opportunities from a European perspective

    As China’s economy matures, new opportunities for Europe’s manufacturing and services industries are emerging, but to make the most of them companies need to seize the chance before their international competitors. From a European perspective, for...

  • Jimmy Choo IPO pricing values firm at up to $1.1bn

    Jimmy Choo IPO pricing values firm at up to $1.1bn

    Luxury shoe company Jimmy Choo is on course to join London’s main stock market with a value of up to $1.1 billion, industry sources said yesterday, citing the initial price range quoted by banks arranging the sale. The company, whose shoes cost up...

  • Stocks extend rally on US jobs data as dollar falls

    Global equity markets extended a rally yesterday that drew strength from a US jobs report last week that bolstered confidence in the American economy, but the dollar fell and stocks on Wall Street eased as vola-tility picked up. Brazil’s benchmark...

  • Euro Disney agrees to funding deal backed by Walt Disney Co.

    Euro Disney agrees to funding deal backed by Walt Disney Co.

    Euro Disney said yesterday it had agreed a €1 billion funding deal backed by its largest shareholder, the Walt Disney Co., which includes a share sale and a debt restructuring, to allow it to invest in the business. Euro Disney, the entertainment...

  • Eurozone sentiment falls to lowest level since May 2013

    Sentiment in the eurozone dropped for a third consecutive month in October, hitting its lowest level since May 2013, suggesting the single currency bloc will fall into recession, a survey by Sentix showed yesterday. Sentix research group’s index...

  • Mixed performances across banks’ equities

    The equities of the three large banks were all active today but traded in different directions on the stock exchange. The share price of Bank of Valletta plc eased 0.5% lower to €2.25 on low levels of 5,000 shares. On the other hand, HSBC Bank...

  • Prescriptions for a healthier economy

    Prescriptions for a healthier economy

    In a few days’ time the Minister of Finance will reveal in Parliament the government business plan for 2015. With reports on the economic state of the country regularly hitting the media, one can hardly expect any surprises. The headline economic...

  • ‘France is finished so get your money out’ – John Lewis boss

    ‘France is finished so get your money out’ – John Lewis boss

    France is such a hopeless country where nothing works that investors should pull their money out quickly, the head of British retailer John Lewis said in an extraordinary dinner speech after his train was delayed from Paris. “I have never been to...

  • MCA takes on new functions to promote innovation

    The Malta Communications Authority (MCA) is evolving. It has taken on new functions that allows it to provide a more relevant contribution to the critical and fast-paced communications sector in Malta. According to Edward Woods, chairman at the...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Camellia from Aliaga to Tanger Med, the HS Bruckner from Valencia to Livorno (both Carmelo Caruana Co. Ltd), the Deva from Antwerp to Limassol and the BC Hamburg from Sfax to Misurata (both Thomas...

  • First tenants of Life Sciences park close to agreement

    First tenants of Life Sciences park close to agreement

    Malta Enterprise is at an advanced stage of discussions with a number of companies interested in setting up operations in the Life Sciences Park. These companies represent a broad range of subsectors and niches, from bio-electronics to genome...

  • Shipping and logistics to drive Malta’s growth

    Exports from Malta are forecast to grow by 80 per cent in the coming 15 years, according to HSBC head of trade and receivables in Europe Steve Box, with tremendous opportunities being generated in shipping and logistics for Malta to exploit. The...

  • Maltese project runner-up for European prize

    Maltese project runner-up for European prize

    The EU LIFE+ Investing in Water project from Malta was named a runner-up in the Supporting the Development of Green Markets and Resource Efficiency category at the 2014 European Enterprise Promotion Awards. Seven winners, 12 runners-up and three...

  • Mapfre to acquire Direct Line subsidiaries

    Mapfre has signed an agreement with UK insurer Direct Line Group to acquire its motor insurance subsidiaries in Italy and Germany for €550 million. The businesses in Italy and Germany add premiums of €714 million and 1.6 million clients, and...