Advert

News

  • Keen response to investor clinic

    Keen response to investor clinic

    An investor clinic was organised by Bank of Valletta and the Chamber of Commerce, Enterprise and Industry with the collaboration of Saxo Bank for the members of the Chamber. Participants were addressed by the Frank Farrugia, president of the...

  • Lloyds Banking Group compensation scheme set to miss deadline

    Lloyds Banking Group  is set to miss an end-June deadline for offering compensation to victims of one of Britain’s largest fraud cases, the latest delay in a decade-long struggle by business owners for redress. Two former bankers at Lloyds’ HBOS...

  • Minister says Greece needs privatisations

    Minister says Greece needs privatisations

    Greece needs to step up its privatisation programme, deputy finance minister George Chouliarakis told reporters yesterday. Privatisations have been a main pillar of the country’s international bailouts since 2010 but have reaped only €3.4 billion...

  • Euro, bond yields drive higher on ECB scale-back bets

    The euro hit a one-year high yesterday and German 10-year Bund yields continued to rise after doubling the previous day, as bets grew that the European Central Bank is readying to scale back its two-trillion-euro stimulus programme. It was a...

  • Shipping movements

    These ships are expected in Malta: The Cielo di Agadir from Alexandria to Algiers, the APL California  from Port Said to Koper, the CMA CGM Andromeda from Genoa to Beirut (all CMA CGM Malta Agency Ltd), the AS Laguna from Genoa to Algiers (Thomas...

  • Share index at 7-week high

    The share index extended yesterday’s gains by a further 0.38% to a seven-week high of 4,698.417 points, mostly reflecting the gains in the share prices of IHI (+3%), RS2 (+0.6%), MIA (+0.5%) and HSBC (+0.2%) which offset the 0.3% drop in GO.Total...

  • Let’s talk inflation

    Interest rate curves generally help assess the state of an economy. In the US, the recent flattening of the yield curve, has done enough to keep investors alert to the possibility of a future recession. An interest rate curve, more specifically a...

  • Calamatta Cuschieri move to new head office

    Calamatta Cuschieri move to new head office

    Calamatta Cuschieri financial services providers have moved to new head offices at Ewropa Business Centre on the Birkirkara bypass.   The company, whose history goes back to 1972, now employs 135 people. It offers a wide range of services ranging...

  • Sterling hits 7-month low against resurgent euro

    Sterling hits 7-month low against resurgent euro

    Sterling hit a seven-month low to the euro today, losing ground to renewed strength in the single currency after European Central Bank President Mario Draghi hinted the days of the bank's stimulus programme are numbered. Compared to a recovery...

  • Copyright infringement by online platform holders

    Copyright infringement by online platform holders

    The operators of an online platform themselves could be found liable for infringing copyright should they allow the users of such platform to upload and share via the said platform copyright-protected works without the permission of the copyright...

  • Opening hours extended for summer

    Bank of Valletta announced that seven of its branches across Malta and Gozo will be offering extended service during specific days of the week in the coming summer months. As from Monday, July 3, the following branches will be open for business...

  • Pop-up market brings maritime flair to terminal

    Pop-up market brings maritime flair to terminal

    Passengers at Vienna Airport will already be put in a holiday mood before beginning their journeys. The Seaside Vienna Airport pop-up market in the public sector between terminals one and three invites travellers to enjoy tasty delicacies and to...

  • Debenhams cautions UK trading more volatile as sales slide

    Debenhams cautions UK trading more volatile as sales slide

    Debenhams, Britain’s second-biggest department store, said trading had become more volatile in the second half of the year and warned its 2017 profit could slip towards the lower end of expectations if conditions did not improve. The retailer, in...

  • Energy efficiency for business and industry

    The Malta Business Bureau will hold a conference on energy efficiency for business and industry today. The conference will outline Malta’s and the EU’s vision for energy efficiency, and the role that businesses play in that vision. It will provide...

  • Euro rallies, weak dollar lifts oil

    The euro rallied against the US dollar yesterday after European Central Bank president Mario Draghi fuelled market expectations the ECB will reduce stimulus later this year, while the dollar’s weakness helped lift crude prices. Energy and bank...

  • RS2 share price approaches 2017 high

    The share index erased most of yesterday’s decline as it rebounded by 0.29% to 4,680.762 points during today’s session, largely reflecting the gains in the share prices of RS2 (+2.7%) and HSBC (+1.1%) which offset the drops in BOV (-0.2%), MIA...

  • Credit markets heading to more-than-satisfactory first half of 2017

    In our job, it is not uncommon for us portfolio managers to have regular conversations between us, to bounce off ideas and views about the market. Tactical decision making and portfolio construction techniques differ between one asset manager and...

  • VW brand is cutting jobs more quickly than planned – HR boss

    VW brand is cutting jobs more quickly than planned – HR boss

    Volkswagen is reducing the workforce at its core division more rapidly than planned, its human resources chief said, helping the brand make progress on cost cuts needed to revive the business. The world’s largest automaker is overhauling its...

  • Monte dei Paschi’s rescue deal has been finalised – Bank of Italy

    Monte dei Paschi’s rescue deal has been finalised – Bank of Italy

    A rescue deal that will allow Italy to inject up to €6.6 billion into the country’s fourth largest bank Monte dei Paschi di Siena has received all necessary approvals by EU authorities, a top central bank official said. The Bank of Italy’s deputy...

  • Britain to crack down on militant, criminal financing

    Britain introduced new rules yesterday to crack down on funds used to finance organised crime and terrorism, requiring businesses such as banks, estate agents, accountants and payment firms to carry out more checks on money flows. The government...