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  • Money market report for the week ending May 3

    ECB monetary operations On April 29, the European Central Bank (ECB) announced its weekly main refinancing operations (MRO). The operation was conducted on April 30, and attracted bids from euro area eligible counterparties of €5.74 billion, €0.22...

  • Malta Stock Exchange to host prestigious conference

    Malta Stock Exchange to host prestigious conference

    The Malta Stock Exchange (MSE) has been chosen to host one of two prestigious conferences held annually by the World Federation of Exchanges (WFE).  The WFE is the global industry group for exchanges and clearing houses (CCPs) around the world. It...

  • BOV and GWU sign three-year collective agreement

    BOV and GWU sign three-year collective agreement

    Bank of Valletta and the General Workers Union have signed a three-year collective agreement for the period 2019-2021. The agreement was signed by BOV CEO Mario Mallia and Charles Galea, secretary of the Professionals, Finance and Service section...

  • IHI, RS2 drag MSE Equity Price Index lower

    IHI, RS2 drag MSE Equity Price Index lower

    Following five consecutive sessions of declines, the MSE Equity Price Index tumbled by 0.27% to 4,770.395 points as IHI, RS2 and Tigne Mall trended in negative territory to offset the gains in six other companies including BOV, GO and MIA.

  • Austria's Kurz says Italy debt could threaten eurozone

    Austria's Kurz says Italy debt could threaten eurozone

    Without tougher European Union rules for excessive debt, Italy could put the entire eurozone at risk, Austrian Chancellor Sebastian Kurz told Italy's La Stampa newspaper on Monday. Sanctions for debt-laden EU members "will prevent Italy, for...

  • Retail trade goes down for second consecutive month

    Retail trade goes down for second consecutive month

    Retail trade went down in Malta for the second consecutive month between February and March, in contrast to the eurozone which registered no change. Eurostat reported on Monday that when compared to a year earlier, Malta nevertheless reported an...

  • More people receiving pensions drives up social spending

    More people receiving pensions drives up social spending

    An increase in the number of people receiving a pension of 1,188 has driven up government spending on social benefits by 2.6 per cent. The National Statistics Office said that during the first quarter of 2019, €229.7 million were spent, a €5.9...

  • Amazon shares continue to reward shareholders

    Amazon shares continue to reward shareholders

    Following Q1 2019 results we increased our price target on the stock from $2,000 to $2,200. The increase in price target was mainly a result of an increase in confidence in Amazon’s ability to potentially accelerate revenue growth and reduced...

  • Asian markets plunge as Trump threatens to hike China tariffs

    Asian markets plunge as Trump threatens to hike China tariffs

    President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers. Shanghai plunged more...

  • Business dress to impress

    Business dress to impress

    Who can blame those who find the business media boring? Talk about an imminent recession, quantitative easing, and property bubbles can easily make many sensible people go to sleep. However, the more cynical are amused by the trivia that...

  • €4m investment propels Palumbo’s superyachts division

    €4m investment propels Palumbo’s superyachts division

    Palumbo Malta Superyachts saw its business grow exponentially in 2018 and we are confident the €2.5 million investment in a 420-ton boat lift will this year reaffirm our standing among the industry’s crème de la crème. In 2018, the sprawling...

  • Shipping movements

    The following ships are expected in Malta: The Maersk Kingston from Izmir to Valencia (Thomas Smith & Co) on Wednesday. The Maersk Lamanai from Malaga to Genoa (Thomas Smith & Co) on Thursday.

  • Equities: Europe vs US

    The case for European equities seems to be a simple one. By most measures, the US market is more expensive. It generally pays to buy cheaper stocks. Therefore, buy Europe! Such a line of reasoning does not go down well with some analysts. US...

  • High impact recruitment when there’s full employment

    In the last decade, Malta has experienced significant economic growth resulting from various financial, geographical, logistical and human resource factors. This growth has seen a corresponding increase in labour market opportunities, prompting a...

  • Treat ’em green, keep ’em keen

    Last year, Frank Salt Real Estate announced their ‘Let’s Go Environmental’ initiative, which described the company’s efforts to reduce its carbon footprint and enhance the local environment. Part of this ongoing initiative is to promote recycling...

  • Business between Malta and France on the increase

    Business between Malta and France on the increase

    Business between Malta and France has increased substantially, with imports into Malta amounting to €134 million and exports to France totalling €120 million. In fact, exports in goods and services from France to Malta have increased by 144 per...

  • State-of-the-art fitness facilities at The Quad

    The Quad Business Towers has concluded an agreement with Fitness Republic as the chosen health and fitness operator for its landmark office project. Boasting the latest innovation in health and fitness, with state-of-the-art training equipment,...

  • Hili Company continues to spread its wings globally

    Mariner Logistics, a Hili Company subsidiary, has acquired Elipse BLC for €20.3 million. Strategically located in the Riga International Airport territory, Latvia, Elipse is a state-of-the-art business and logistics complex. Of its 31,000 sqm,...

  • Mapfre predicts global slowdown

    Mapfre predicts global slowdown

    The global economy will exhaust its cycle by slowing down after having reached the highest level of growth during 2018, according to economic research by Mapfre, the global insurance company. In this new context, the US eco­nomy plays a central...

  • APS announces rights issue and outlines growth strategy

    APS Bank recently presented its 2018 results at a corporate event for the financial community. The presentation followed the annual general meeting which approved the 2018 audited financial statements, the recommendation of a scrip dividend, the...