Business
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ICT literacy for the knowledge economy
The Maltese Government has just launched a literacy campaign on the back of some hard numerical evidence that we need to be doing much better in this area. Not that we needed the data! In business circles we have been feeling this lack of literacy...
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Third successive gain for MSE Share Index
The MSE Share Index maintained its recent positive trend with a third successive increase as the local equity benchmark edged a further 0.1 per cent higher during this morning’s session to yet another two-year high of 3,384.790 points. Today’s...
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RBS could be split into two banks
Splitting up part-nationalised Royal Bank of Scotland (RBS) will be put forward as an option by a parliamentary panel examining standards in British banking, political and industry sources said yesterday. The bank’s division would allow its toxic...
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Stocks globally gain, while US indices fall
Stocks on world markets and the dollar gained yesterday, though Wall Street fell, as expectations remained intact that the Federal Reserve will maintain its stimulus program to bolster the nascent US economic recovery. A minor lull in the week’s...
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Daily currency report
The greenback crashed through key psychological trading levels against the yen for the first time in weeks, as record-low ISM manufacturing index poured cold water over bets the Federal Reserve was just a few meetings away from starting to pare back...
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Eurozone factory slump eases
Eurozone manufacturing contracted again last month, although at a slightly slower pace, while Asian factories lost momentum, underlining the sombre prospects for the world economy in the second quarter. Markit’s Purchasing Managers’ Indexes (PMI)...
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Money market report for the week ended May 31
On Monday, May 27, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on the following day and attracted bids from euro area eligible counterparties of €103.19 billion, €0.21 billion...
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European stocks bruised by worries on global economy
European shares fell yesterday, with concerns about the health of the economy in Germany and the United States prompting investors to lock in profits on top performers of recent months. Data from the Institute for Supply Management pointed to an...
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Eurozone ‘on track for very gradual recovery’
The eurozone economy is on track for a recovery later this year driven by the European Central Bank’s loose monetary policy and demand from abroad, the bank’s President Mario Draghi said. The ECB cut interest rates to a new record low in May and...
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Daily currency report
Speculation about the US Federal Reserve starting to reduce its monetary stimulus programme in the coming months continues to be a hot topic, a discussion that is likely to intensify following the latest numbers on the US labour market. The US...
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Banking equities marginally higher
The equities of the three large commercial banks moved higher during this morning’s session. Bank of Valletta plc edged minimally higher to close at the €2.25 level across ten trades totalling 26,741 shares and HSBC Bank Malta plc’s share price rose...
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Despite gains, Spain struggles
Spanish officials tell a dramatic turnaround story: from near-bankruptcy a year ago to a model of budget austerity and reform in the present day. There are just two things missing: jobs and growth. And only one potential salvation:...
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Swiss banks break ranks as US tax probe bites
The unified front with which Switzerland’s banks have defended their culture of secrecy is breaking down as some prepare to hand over data in a US tax evasion probe, leaving others at greater risk of prosecution. The Swiss Government is trying to...
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Shipping movements
These ships are expected in Malta: The Marina from Algiers to Skikda, the Macao Strait from Misurata, the Saint Roch from Benghazi to Benghazi, the Connorth from Annaba to Tripoli, the Santa Bettina from Marseille to Piraeus, the Praia to Livorno,...
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‘We have a good future in Malta’ – HSBC Europe CEO
HSBC continuously runs a rigorous six-filter process on its various portfolios and as long as HSBC Malta continues to pass these tests the banking giant will remain committed to the Maltese market, Brian Robertson, HSBC UK and Europe CEO tells The...
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Free, limitless calls for Pay-As-You-Go customers
Only one month after launching a range of limitless plans for Pay-Monthly customers, Go is now extending the benefit of limitless calls to Pay-As-You-Go customers. The two new limitless Pay-As-You-Go plans are specifically designed to fit all the...
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Exante flies Malta flag in Portugal
Lisbon became Malta on May 25 as The Ritz Hotel became the hottest place to be for celebrities, politicians and financial companies as Malta-based Exante celebrated its first award ceremony in style to a packed audience. Exante was founded in March...
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Middlesex set to launch third international campus in Malta
Middlesex University has announced that it will open a campus in Malta, with students welcomed from September this year. The campus, located in Pembroke, will initially offer business, computing and finance courses at undergraduate and postgraduate...
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Alberta appoints renewable energy head
Alberta Group has appointed Peter Vella as the head of business development, renewable energy. Mr Vella’s career spans across a number of years of continuous growth and responsibility in the manufacturing industry and recent senior positions in...
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Alf Mizzi installs one of biggest grid-connected photovoltaic systems
Alf Mizzi and Sons (Marketing) Ltd has just installed a grid-connected 99.60kwp photovoltaic system. This installation is one of the biggest grid-connected PV plants in Malta and will generate approximately 170,000kWhr electricity per annum. This...
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