More than $30 million of the money hackers stole from the Bangladesh central bank’s account at the New York Fed was handed over in cash to an ethnic Chinese man in Manila, a Philippines senator looking into the suspected laundering scheme said. The...
Stocks in major markets fell yesterday, weighed by basic materials shares after weak US retail sales data and as the Bank of Japan painted a bleaker picture of the world’s third-largest economy without immediately adding to its stimulus. The yen rose...
The MSE Share Index registered its third consecutive negative performance on the stock exchange today as it declined by a further 0.09% to 4,543.519 points with aggregate values traded remaining close to the €0.4 million level. RS2 Software plc...
Like all financial instruments, a bond (also known as a fixed [or floating] income instrument) is a financial transaction between two parties, the borrower and the investor. In simple terms, a bond is a loan whereby investors lend money to borrowers,...
The stakes will be high for Britain’s historic role as a free-trading nation when it holds a referendum on whether to stay in the European Union on June 23. There is no precedent for an economy as big as Britain’s leaving a trade bloc, and the rival...
ECB decisions
Britain said it would begin trialling driverless cars on motorways for the first time in 2017, as it moves towards its goal of allowing autonomous cars to take to the streets by 2020. Moroever, finance minister George Osbore will announce plans...
Oil prices fell yesterday, weighed down by global oversupply and slowing economic growth prospects, although the prospects of falling production lent crude some support. US crude was trading at $38.15 per barrel at 0759 GMT, down 35 cents from their...
A gauge of stocks across the globe ticked up yesterday, with Wall Street shares again tracking the price of oil lower and Europe up on bets banks will benefit from monetary policy. Oil prices fell as Iran dashed hopes of a coordinated production freeze...
China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc for around $6.5 billion, as the owner of New York’s iconic Waldorf Astoria expands its US hotel portfolio, sources revealed this weekend. The deal, which illustrates...
The MSE Share Index extended last Friday’s negative performance by a further 0.08% to 4,547.517 points as the declines in six equities outweighed the gains in Simonds Farsons Cisk and FIMBank. Moreover, another seven equities closed unchanged. Trading...
About the company Whitbread plc is a multinational hotel, coffee shop and restaurant company headquartered in Dunstable, United Kingdom. Its largest division is Premier Inn, which is the largest hotel brand in the UK with over 700...
When political, economic and social strategy do not move in sync a country risks exposing its people to a gradual decline in their quality of life as they struggle to cope with major changes in their lives. Most western societies are facing a major...
Barely a month ago Federal Reserve chair Janet Yellen cut an isolated figure in her semi-annual testimony to Congress, forced to defend the US central bank’s data-dependent approach while around her stocks plunged and oil prices sagged. But a recent...
A cabin on the Singapore Flyer observatory wheel overlooking the skyline of the central business district in Singapore. The Economist Intelligence Unit ranked Singapore as the world’s most expensive city to live in for the third consecutive year.
The following ships will be calling at Malta this week: The Stadt Flensburg from Algiers to Algiers (Thomas Smith), the Oued Ziz from Misurata , the Vega Carina from Tunis to Sousse, the Tim-S from Tanger Med to Gebze and the HH North from Sfax to...
Last December was probably the most positive festive season in the past three years for local retailers, according to PwC Malta’s first market barometer for 2016. On an aggregate level, 32 per cent of the businesses interviewed registered an increase...
Both the Malta Employers’ Association and the Chamber of Commerce, Industry and Enterprise have issued statements emphasising the importance of good governance. The statements come in the aftermath of the revelations about Energy Minister Konrad...
The latest edition of the Digital Economy and Society Index (DEIS) 2016 published by the European Commission is good news for Malta and mainly positive for the rest of the members, despite the slow progress being registered over the previous year. The...
Motherwell Bridge Industries, the mechanical and electrical engineering services company, has reached a major milestone with the installation of the 200th port container crane for leading Finnish crane builder Konecranes, a world-leading designer and...
Last Thursday, European Central Bank president Mario Draghi exceeded expectations when he announced the expanding of the quantitative easing programme to purchase €80 billion in monthly assets, the programme’s extension to include corporate debt, the...
The European Central Bank (ECB) last Thursday cut its benchmark refinancing rate to a new record low of zero from the previous 0.05 per cent. The ECB has also cut the deposit facility rate deeper into negative territory, to -0.4 per cent from -0.3 per...
MSV Life registers pre-tax profits of €15.6 million
Recruitment, as in most other businesses, is all about relationships. The success of a recruiter depends very much on the strength of the relationships with candidates and clients. If you have a strong relationship with a client, it is more likely that...
A high-end outdoor spring and summer furniture range by Varaschin will be on display at Onepercent. This brand offers a range of products from sofas, seating, sunbeds, dining and coffee tables and beautiful armchairs to create the perfect ambience in...
Century 21 Malta announced the signing of a franchise agreement between Century 21’s local master franchisor Hermann Mallia and Yorick and Iannis Bonnici of Y Projects Ltd, owners of the new Century 21 franchise office in Sliema. Operating under the...
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Coldwell Banker Malta launched its revamped www.ColdwellBanker.com.mt website. The portal covers the facility for users to find their dream home, sell their property, search the latest news, develop careers in real estate and request information on...
Perry Real Estate magazine, which is being distributed with The Sunday Times of Malta today, features what Francis Spiteri Paris considers to be one of Mary Fedden’s finest paintings: Blue Cart and Donkey, Gozo, painted in 1977. Mary Fedden OBE, RA...
Some purchases consumers make are concluded with the signing of a contract. Most of these contracts contain standard terms and conditions, which companies draft and consumers are requested to sign and agree to these clauses. Unfortunately, the majority...
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