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€1.50 THURSDAY 28 SEPTEMBER 2023 • ISSUE 225 WWW.BUSINESSTODAY.COM.MT PAGE 3 PAGE 2 PAGE 5 Dollar in charge as Euro and Pound hit six-month lows New minimum tax for companies will be 'revenue neutral', Finance Minister pledges Largest mobility operator in Romania chooses eCabs Technologies platform PAUL COCKS THE US dollar scaled a 10-month high against its major peers on Wednesday, pushing the Euro and Sterling to 6-month lows and keeping the Yen deep in intervention terri- tory, as the prospect of higher-for- longer US rates gripped markets. US Treasuries stabilised after their recent heavy selloff, though yields re- mained near 16-year peaks, keeping the greenback solidly bid. The Euro was last 0.1% lower at $1.0522, after hitting a six-month low of $1.0555 earlier in the session. The single currency was on track to lose more than 3% for the quarter, its worst quarterly performance in a year. Sterling was also down 0.1% at $1.2149 after hitting a six-month trough of $1.2135 earlier on Wednes- day, and was headed for a quarterly loss of more than 4%. The US dollar index, meanwhile, peaked at a 10-month high of 106.32. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 27 Sep 2023 Number of Trades: 84 Turnover: € 2,120,133.19 MSE TRX Index: 7884.568 Change: 1.106% Name: 4% MPC 2032 MT0000991217 - Currency € Last Traded: 27 Sep 2023 Price 99.000 Change +3.990 US Dollar 1.0522 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,587.67 75.67 7,592.39 / 7,512.00 Value Net variation High / Low +1.01% Your time is precious, let us take care of your investments. Expert service, accessible from €100 medirect.com.mt 2557 4400 MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. → direct discretionary portfolio management KURT SANSONE THE introduction of a minimum 15% tax on companies with an annual turn- over of €750 million will be "revenue neutral" for the country, Clyde Carua- na has pledged. e Finance Minister, who was brief- ing the press after launching the pre- Budget document, said details on the new corporate tax regime will be an- nounced in the budget. The Euro (EUR) is tipped to fall against the US Dollar (USD) in the near term outlook, targeting a floor of 1.05

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