Oil prices rose yesterday as the dollar weakened and on expectations that Opec producers would maintain their group production target at its current level and resist pressure for an increase. The dollar fell against the euro and a basket of currencies,...
US stocks dipped yesterday while German bond yields rose as investors searched for clarity over whether a high-level meeting on Greece’s debt crisis might yield a significant breakthrough. The euro rose nearly two per cent against the dollar, after an...
Eurozone inflation was higher than expected in May, data showed yesterday, as consumer prices started rising again after five months of falls and stagnation despite a continued strong drag on the index from cheaper energy. The European Union’s...
The share index extended its positive run as it registered its fifth consecutive daily increase with a further 0.2 per cent uplift to yet another five-year high of 3,914.715 points as most active equities once again trended in positive territory. Among...
“It will blow over” tends to be Qatar’s unofficial response to criticism of its World Cup bid, but with a FIFA corruption scandal exploding on to the world’s front pages, the Gulf state has glumly realised it may have a real fight on its...
ECB monetary operations
British American Tobacco has agreed to buy tobacco company TDR from Croatia’s Adris Grupa for €550 million to increase its scale in Croatia, Bosnia and Serbia. As tobacco consumption is declining in many Western markets, tobacco companies are seeking...
The US dollar climbed yesterday after a flurry of economic data kept expectations intact for an interest rate hike fromthe Federal Reserve this year, while the euro stumbled on concerns over Greece’s financial crisis and soft eurozone data. The...
The head of an International Monetary Fund team visiting Ukraine gave a positive assessment of progress by Kiev on reform and said there would be further discussion on loans that the near-bankrupt country badly needs. The IMF mission came to Ukraine to...
The newly-appointed chief executive of loss-making Malaysia Airlines said yesterday the carrier was “technically bankrupt”, underlining the case for a restructuring to cut a third of jobs, scrap some international routes and review its long-haul...
Sell in May and go away is an investment strategy for stocks based on a theory that the period from November to April has significantly stronger growth on average than the other months. Typically an investor would sell at the start of May and re-enter...
Politicians and headline hungry journalists often suffer from an obsession: a real or perceived U-turn of a government. The phrase ‘U-turn’ first gained popularity in political parlance in the 1970s when then prime minister Ted Heath abandoned...
Avago Technologies Ltd’s $37 billion deal to buy chipmaker Broadcom Corp creates new competitive challenges for Qualcomm and may force the world’s largest mobile chip maker to radically rethink its own strategy. Qualcomm Inc, which has dominated the...
An EU-US trade deal should deepen EU access to the US market, but must not undermine EU standards or the right to regulate in the public interest, according to Trade Committee MEPs who voted on draft recommendations. Tools for resolving disputes...
The following ships are expected in Malta: The Taurus J from Annaba, the Furth from Varna to Avcilar, the CMA CGM Pelleas from Fos-sur-Mer to Suez, the CMA CGM Alexander Von Humboldt from Le Havre to Khor al Fakkan, the Saint Roch from Misurata to...
The vast majority of insurance companies in Malta will not raise their insurance premiums, in spite of the onerous obligations they will have to shoulder because of new EU regulations. Solvency II is aimed at ensuring that insurance companies have...
FDI into Europe hits a new record with $305 billion attracted into the region in 2014, translating to a 36 per cent year-on-year growth and 185,583 jobs (+12 per cent) despite global growth slowdown. According to 808 decision-makers polled for EY’s...
The Central Bank of Malta has issued a €2 commemorative coin marking the centenary of the first flight from Malta. The coin reverse shows the common €2 side while the obverse depicts a Short Type 135 seaplane in flight over the Grand Harbour with...
Alpha One has been accredited as one of Europe’s first training organisations certified to provide aviation training from the basic entry level up to advanced operations for flight operations officers and flight dispatchers. Alpha One has positioned...
British leisure operator Jet2.com and Jet2holidays will also be operating low-fare flights and offering package holidays from the UK. Steve Heapy, chief executive of Jet2.com and Jet2holidays, said: “As the UK’s third largest tour operator, this summer...
As part of an ongoing global strategic planning review spearheaded by Mazars International, Mazars Malta has mapped out its strategic vision for the next years of its operation. The new set-up will see Mazars operating as a one-stop shop, with a niche...
Simonds Farsons Cisk plc is planning to hive off its property investments that are not directly related to its core food and beverage business into a separate public company to be quoted on the Malta Stock Exchange. The new plc is scheduled to be set...
Deloitte Malta was awarded National Tax Firm of the Year 2015 at the International Tax Review European Tax Awards, the fourth time is has won this award. The Deloitte network of member firms won 15 top awards in all. Deloitte received three regional...
Thirteen businesses were named winners in the 2014/15 European Business Awards but the eight Maltese finalists walked away empty handed. The eight Maltese finalists were: AppleCore Foods; AX Holdings; bit8; BMIT; CareMalta; Deco Manufacturing; ecoGozo;...
The Malta Gaming Authority (MGA) has approved the first application received from Crystal Cruises, represented in Malta by Gollcher Group, for the Crystal Serenity, which will be in Malta on Friday and Saturday. “Valletta Cruise Port welcomes this...
Reyl & Cie SA is setting up a new subsidiary in Malta offering custody activities for funds. Malta will strengthen Reyl Group’s international presence beyond its seven existing locations in Europe and Asia. The new office will enhance an existing...
The Malta Chamber of Commerce, Enterprise and Industry praised Malta Enterprise for setting up a scheme – Certify – to help businesses acquire certifications and quality marks in order to improve their competitiveness. In its Economic Vision for Malta...
Last week the Malta Stock Exchange (MSE) index closed at a 52-month high following double-digit gains in the shares of Mapfre Middlesea plc and Malita Investments plc, as well as significant gains in shares of International Hotel Investments plc (IHI),...
In a speech to the Chamber of Commerce in Providence, Rhode Island, Federal Reserve (Fed) chairperson Janet Yellen said the Fed will likely raise interest rates this year, as long as economic activity picks up. Ms Yellen added that from there, the rate...
Maltco app for closest outlet
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