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  • EY Malta boosts TAS

    EY Malta boosts TAS

    EY Malta has boosted its Advisory, Assurance and Transaction Advisory Services (TAS) with newly appointed executive directors. Grace Camilleri joined EY’s TAS team in 2001 and currently heads Malta’s Financial Services Advisory offering. Gilbert...

  • 6PM seeks financing to fund strategic changes

    6PM seeks financing to fund strategic changes

    The announcement made on June 8 by 6PM Holdings plc confirming that it had submitted an application to the Listing Authority to issue a new €13 million bond may have caught some investors and market participants by surprise. It is true that almost...

  • China growth beats forecasts, further stimulus still expected

    China growth beats forecasts, further stimulus still expected

    China’s economy grew an annual seven per cent in the second quarter, steady with the previous quarter and slightly better than analysts’ forecasts, though further stimulus is still expected after the quarter ended with a stock market...

  • Thomas Smith awarded the Lufthansa Cargo Silver award

    Thomas Smith awarded the Lufthansa Cargo Silver award

    Thomas Smith’s commitment to providing industry-leading services in air freight and logistics was celebrated when the Freight Forwarding division was given the coveted Silver Award by Lufthansa Cargo. The award is given out on the basis of...

  • China IPO freeze opens door to alternative financiers

    China’s move to halt new company listings on its stock markets is offering private equity firms, hedge funds and sovereign wealth funds an opening to fill private companies’ funding needs, paving the way for more merger and acquisition...

  • Literature about family businesses from a Maltese perspective made available to all by APS Bank

    Literature about family businesses from a Maltese perspective made available to all by APS Bank

    Constituting 75 per cent of local businesses, family-owned companies are a predominant influencer of Malta’s economic landscape, and to a large extent, of Europe’s economy. Notwithstanding this, Malta is the first country about to introduce the...

  • Fiat Chrysler boss says no plans for another GM offer – New York Times

    Fiat Chrysler boss says no plans for another GM offer – New York Times

    The chief executive of Fiat Chrysler Automobiles (FCA), Sergio Marchionne, does not plan to make another offer to merge with General Motors after being rejected by its US rival four months ago, the New York Times quoted him as saying. Marchionne...

  • Panta Lesco’s customised renewable energy design to cater for future needs

    Panta Lesco’s customised renewable energy design to cater for future needs

    Being involved in projects right from the start sets the foundation to correctly assess clients’ current and potential energy requirements. Reaching the required energy production at a particular point in time is a continuous process, as energy...

  • US stocks steady, euro slips before Greek vote

    US stock prices held steady yesterday as Federal Reserve chair Janet Yellen affirmed a likely interest rate increase by year-end, while the euro fell ahead of a Greek government vote on whether to accept tough terms for a vital third bailout. Oil...

  • Bank of Valletta launches a series of gallery talks

    Bank of Valletta launches a series of gallery talks

    Debbie Caruana Dingli conducted the first in a series of three gallery talks at BOV Centre in Santa Venera, held as part of Bank of Valletta’s 23rd Retrospective Art Exhibition, featuring 37 works of art by this prolific contemporary artist. A...

  • Shipping movements

    The following ships are expected in Malta: The Merito from Algiers to Algiers (Thomas Smith Shipping Ltd), the Emanuela from Port Said to Valencia (John Ripard & Son Ltd) and the MV Eurocargo Venezia from Genoa to Genoa (Sullivan Maritime)...

  • Valletta Fund Management Ltd presents donation for a good cause

    Valletta Fund Management Ltd presents donation for a good cause

    Valletta Fund Management Ltd has recently presented a donation in support of the Alive 2015 cycling challenge for cancer – a voluntary organisation which was set up to raise funds for cancer research. This year’s funds will be raised to support...

  • Drop in BOV, HSBC, IHI equities

    The share index was dragged 0.6 per cent lower to 4,116.376 points following declines in the share prices of Bank of Valletta, HSBC and International Hotel Investments. HSBC dropped 2.7 per cent back to the €1.78 level for the first time since...

  • Euro area banks slowly ease their credit standards

    Yesterday, the ECB released the results of its latest Bank Lending Survey (BLS) which was conducted between 9th and 24th June 2015. While recognising the caveats common to all qualitative surveys, I am routinely checking the results of this...

  • Proving defects in a product

    Any lack of conformity of a purchased product with the description given at the time of purchase which becomes apparent within six months from delivery of the goods, is presumed to have existed at the time of delivery, the Court of Justice of the...

  • Greece needs debt relief far beyond EU plans ­­– report

    Greece needs debt relief far beyond EU plans ­­– report

    Greece will need debt relief far beyond what eurozone partners have been prepared to consider due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen by Reuters shows. The...

  • Shell interested in exploring ways to do business in Iran

    Shell interested in exploring ways to do business in Iran

    Oil major Shell said it was interested in doing business in Iran and was engaging with relevant governments to understand the impact of a nuclear deal reached between six major world powers and Iran. “Strictly within the boundaries of the law, we...

  • BOE’s Carney says time for rate hike is moving closer

    Bank of England governor Mark Carney said yesterday that the time for a first British interest rate hike since the financial crisis was getting closer as economic recovery gathers momentum. Speaking to British lawmakers for the first time since...

  • Apple Pay launches in UK, with hiccups

    Apple Pay launches in UK, with hiccups

    Apple introduced mobile payments in Britain yesterday, hoping to make a splash with consumers familiar with using cards for tap-and-go purchases, as resistance from hold-out banks and stores appeared to evaporate. Starting yesterday, Apple Pay is...

  • Shares rise on rebound in oil prices

    Stock markets worldwide rose modestly yesterday after a landmark nuclear deal between Tehran and six global powers left sanctions on Iran in place for now, spurring gains in energy shares, while expectations for weak corporate results capped US...