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  • Europe’s pension problem spurs return of veteran investors

    Europe’s pension problem spurs return of veteran investors

    British pensions specialist Clive Cowdery has raised $2 billion in commitments from investors for a new fund to buy up life insurance policies from companies struggling to make enough money to cover long-term payouts, sources told Reuters. The...

  • Siberian town is doomed unless Russia saves sanctions-hit Rusal

    Siberian town is doomed unless Russia saves sanctions-hit Rusal

    Workers at one of Russia’s biggest aluminium smelters say their Siberian town is doomed unless Moscow mitigates US sanctions against aluminium giant Rusal, a predicament mirrored across the company’s sprawling operations. Trapped by mortgages for...

  • German engineering trade body calls for new EU trade deal with US

    The head of Germany’s engineering trade body yesterday called for a fresh attempt at a free trade agreement between the United States and the European Union in the face of steel and aluminium tariffs announced by US President Donald Trump. “Nobody...

  • Eurozone business growth slow but still strong

    Businesses across the eurozone strolled into the second quarter, maintaining a still-solid but more modest growth rate than around the turn of the year, a survey showed yesterday. Having peaked in January, growth has steadily slowed in the bloc as...

  • Limited edition launch

    Limited edition launch

    GSD Marketing Ltd and Bavaria, official partners of Valletta 2018, have launched two limited-edition Bavaria Premium Lager cans in honour of Valletta, host of the European Capital of Culture title for 2018. The two limited-edition Bavaria beer...

  • Oil piles the pressure on equity markets

    Global equities slipped yesterday as US bond yields approached the three per cent level that has triggered market spasms in the past and investors awaited earnings results from some of the world’s biggest firms. Equity markets which have risen for...

  • Money market report for the week ending April 20

    On April 16, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on April 17 and attracted bids from euro area eligible counterparties of €1.64 billion, €0.04 billion lower than the bid...

  • Malta Gaming Authority appoints new CEO

    Malta Gaming Authority appoints new CEO

    The Malta Gaming Authority Board has appointed Heathcliff Farrugia as Chief Executive Officer. He succeeds Joseph Cuschieri who earlier this month was appointed CEO of the Malta Financial Services Authority. Mr Farrugia holds a masters degree in...

  • Some sobering statistics

    Some sobering statistics

    While we indulge in hubris at the country’s economic success and leadership in promoting minority rights, there are not-so-openly discussed statistics that may show that the future of our society is not as promising as it should be. I am referring...

  • HSBC to stop financing most new coal plants, oil sands and arctic drilling

    HSBC to stop financing most new coal plants, oil sands and arctic drilling

    Europe’s largest bank HSBC said it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels. Other large banks such as ING and BNP Paribas have made...

  • Global regulators get toolkit to combat banking misconduct

    Global regulators get toolkit to combat banking misconduct

    Making senior employees directly accountable for their actions is one of the options in a new ‘toolkit’ to combat the misconduct that has damaged public trust in financial services, a global regulatory body said last week. The Financial Stability...

  • Shipping movements

    The following ships are expected in Malta: The Oued Ziz from Annaba, the CMA CGM Herodote from Aliaga to Bejaia, the Joanna from Alexandria to Algiers (all CMA CGM Malta Agency Ltd), the MV Euroferry Malta from Salerno to Salerno, the MV Eurocargo...

  • Our money is burning

    Our money is burning

    The terms ‘collateral damage’ and ‘friendly fire’ became news par­lance when the US invaded, and ultimately destroyed, Iraq in 2003. It meant that bystanders, civilians or even allies could be acceptable casualties when rockets fly and bombs are...

  • Malta Main Market and Prospects MTF

    National Capital Markets Strategic Plan: Capital markets in Malta are increasingly experiencing growth and liquidity. Malta has proved to be successful in the various financial services sectors and is committed to developing its capital markets.

  • Sustainable businesses: From round tables to drawing boards

    “Can we keep on doing what we are doing, indefinitely?” This is the basic question which underpins the term ‘sustainability’. Initially introduced in the 1980s, the term is now overused by governments, NGOs, businesses, entrepreneurs and civil...

  • Amalgamated Investments to acquire Unicredit shares in BOV

    Amalgamated Investments to acquire Unicredit shares in BOV

    The MSE Equity Total Return Index fully reversed the previous week’s 0.285 per cent gain, having declined by 0.597 per cent, to close at 8,529.407 points. Activity was spread across 18 equities of which 10 decreased and two gained ground. Turnover...

  • Short-term financial stability risks rise – IMF

    The International Monetary Fund (IMF) said that short-term financial stability risks have increased somewhat against the backdrop of slightly tighter financial conditions. In its Global Financial Stability Report, the IMF said the medium-term...

  • HSBC Malta investing to transform its corporate banking centre in Qormi

    HSBC Malta investing to transform its corporate banking centre in Qormi

    As part of the bank’s new strategy approved in February, HSBC Bank Malta is investing to transform its flagship corporate banking centre in Qormi.  Corporate customers will soon experience HSBC’s latest global design standards when they visit the...

  • New APS Bank GBP term deposit

    APS Bank has recently launched a new term deposit in the GBP (UK sterling) currency. The account is available to individuals who make a minimum initial deposit of £2,000 for a fixed term of five years at two per cent per annum interest, gross of...

  • RSM announces partnership with global innovation platform

    RSM, the sixth largest network of independent audit, tax and consulting firms, has announced a partnership with Plug and Play, a global innovation platform. As a strategic founding anchor partner for Plug and Play’s newest vertical in...