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  • 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...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Quartz from Damietta to Genoa (Carmelo Caruana Co. Ltd), the MV Euroferry Malta from Salerno to Salerno and the MV Eurocargo Malta from Genoa to Genoa (both Sullivan Maritime), today. The...

  • Capitalising on solar farm installations

    The government’s decision to provide a policy for the installation of solar farms is wise and welcome. Solar energy is abundant in our country and it can be a stabilising factor in the energy supply for our demand. Diversifying our energy source...

  • ISD: pioneers in local alternative energy

    ISD: pioneers in local alternative energy

    ISD have become pioneers in the local alternative energy market in the last 10 years. The company has achieved such a feat by staying in the forefront of technological changes in the market and offering customers products that have unique...

  • BOV’s share price jumps before turning ex-bonus

    During the last trading day for investors to gain entitlement to the one for 11 bonus share issue of Bank of Valletta, the equity jumped 2.7 per cent to regain the €2.28 level across 16 deals totalling 43,700 shares. The equity turns ex-bonus as...

  • Primary bond market in full swing ahead of QE

    As we highlighted in one of our end of year commentaries for 2014 (please visit the Trader Talk section at www.cc.com.mt for further reference) we indicated that the volatility which characterised the last 6 weeks of 2014 could well be a taste of...

  • Freedom to provide services is paramount

    In a recent ruling delivered by the Court of Justice of the European Union (CJEU), it was established that the right to provide services across the EU takes precedence over minimum workers’ wages. The ruling concerned a case in which a German...

  • British inflation tumbles to lowest level in over 14 years

    British inflation tumbles to lowest level in over 14 years

    British consumer price inflation plunged to its lowest level since May 2000 last month and looks set to fall further, easing a squeeze on consumers and leaving the Bank of England under no pressure to raise interest rates soon. Reflecting a slide...

  • Oil prices down to lowest level in six years

    Brent and US WTI crude oil prices fell to their lowest levels in almost six years yesterday as a big Opec producer stood by the group’s decision not to cut output to tackle a glut in the market. Oil prices have fallen 60 per cent from their June...

  • Stocks rally on ECB hopes as oil falls further

    Stock markets around the world rallied yesterday, rebounding from recent weakness on investor hopes for new economic stimulus measures from the European Central Bank and on strong early readings on the US earnings season. Despite the gains in...

  • Dubai World $14.6bn debt deal creditor vote set for March 17

    Dubai World $14.6bn debt deal creditor vote set for March 17

    The court administering conglomerate Dubai World’s restructuring yesterday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal yesterday held its first hearing on...

  • HSBC, IHI drag share index lower

    The share index trended lower for the fifth consecutive session with a further marginal decline during this morning’s session to 3,329.517 points. Today’s decline was due to the losses in HSBC and International Hotel Investments. HSBC initially...