TOP NEWS | Wednesday, 01 October 2008

Farsons cut budgets to the bone

David Darmanin

Announcing its mid-yearly financial results yesterday, Farsons Group said it will lay off 60 employees within a year after its profit registered a drop by more than half over the same period in 2007. >>

BOV Chief warns that global banking crisis could have fall-out on Maltese economy

Charlot Zahra

In an extensive interview with Business Today, the first one since the Lehman brothers’ bankruptcy was announced some weeks ago, Bank of Valletta (BOV) Chief Executive Officer (CEO) Tonio Depasquale said that the Maltese economy might be hit eventually by the fall-out from the global banking crisis.>>

FOI changes tack on fuel surcharge, presents position paper to MCESD

Commission consults on how to put Europe into the lead of the transition to Web 3.0

Chamber, FOI celebrate “marriage of enterprise”

GO CCO to set up own venture

Good news for the five-star sector

Maltese Delegation headed by FOI in Messina, Sicily

GO’s Head of IT leaves to join CISCO

A historic moment

Letter: FOI replies to BT on surcharge issue

Governments buy out 49 per cent stake in beleagured Fortis

HSBC trims 1,100 jobs in investment banking division

Second Belgian bank rescued within 24 hours

Mark Lamb: Dark side of the moon

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Beyond Lehman

In his first interview since the Lehman Brothers’ banking crisis erupted, Bank of Valletta Chief Executive Officer Tonio Depasquale spoke at length with Charlot Zahra about Lehman’s impact on BOV and the effect of the global financial crisis on the Maltese banking sector and the economy>>

Storm warning
The news that the US Congress rejected the $700 billion bail-out plan devised by US Treasury Secretary Henry Paulson to prevent the financial crisis turning into an economic bogeyman has sent shockwaves into the financial sectors the world all-over.>>

OPINION - George M Mangion
A tale of greed
Many financial commentators blew hot and cold yesterday with the unexpected crash in share values following the rejection by a good margin of the bailout scheme in US congress>>




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01 October 2008

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