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  • Brexit talks must be "quick", City of London at risk of losing "EU passport"

    Brexit talks must be "quick", City of London at risk of losing "EU passport"

    Brexit talks must be carried out quickly to limit uncertainties, ECB Governing Council member Francois Villeroy de Galhau said today, adding the City of London financial centre was at risk of losing its prized "EU passport". Many banks based in...

  • Index falls marginally after Brexit

    The Malta Stock Exchange index extended its recent winning streak having advanced by 0.45 per cent, despite a marginal fall of 0.5 per cent yesterday following the announcement that Britain had voted to leave the EU in a referendum. Global equity...

  • Stocks tumble after Brexit vote

    Global capital markets reeled yesterday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money poured into safe-haven gold and government bonds. Sterling suffered a record plunge...

  • Company briefs

    Terranova has opened a megastore in Iklin as part of a €1.6 million investment by businesswoman Diane Izzo, who is planning to open a second Terranova megastore in Fgura in September 2016. The Iklin Terranova Megastore is spread over 1,200 square...

  • LSE and Deutsche Boerse press on with $30bn merger

    LSE and Deutsche Boerse press on with $30bn merger

    London Stock Exchange Group plc and Deutsche Boerse vowed yesterday to press ahead with a £22 billion merger despite Britain’s vote to leave the European Union. The exchanges said the outcome of the referendum did not change the strategic...

  • Daily currency report

    Yesterday was an unprecedented day – a day when the UK voted to leave the EU with 48.1 per cent of votes to remain and 51.9 per cent to leave. The UK Prime Minister, David Cameron, resigned. When the results came out, the FTSE 100 fell by 8.7 per...

  • Share index halts four-day positive streak

    The Share Index closed in negative territory for the first time this week as it retreated by 0.48 per cent to 4,479.895 points on very low activity. The declines in the share prices of four large companies (BOV, HSBC, MIA and GO) outweighed the...

  • Makers of anything from beer to cars aren't happy about Brexit

    Makers of anything from beer to cars aren't happy about Brexit

    Chief executives from Tokyo to Denver woke up today to currency turmoil, plunging share prices and tough decisions after Britain's vote to leave the European Union raised widespread fears over economic growth. In Britain itself, businesses...

  • What does Brexit mean for the UK?

    What does Brexit mean for the UK?

    Britons have voted to leave the European Union, a decision which leaves the world's fifth-biggest economy facing deep uncertainty about its growth prospects and its attractiveness to investors, and which could hurt other economies in Europe and...

  • Brexit and the movement in asset prices

    Brexit and the movement in asset prices

    Undoubtedly today’s event will be marked in history, those voting for the exit claiming independence. Despite polls throughout the campaign indicated a neck to neck race, investors were quite confident that U.K. voters were more inclined towards...

  • Against the quick buck

    Malta has been experiencing increasing tourist arrivals for a number of years. There are several reasons for this and attributing the increase to just one would be short-sighted and stupid. Recently, the Malta Hotels and Restaurants Association...

  • Eurozone business growth slows in June as service industry struggles

    Eurozone business growth slows in June as service industry struggles

    Eurozone business growth decelerated more than expected this month, suggesting the current quarter’s economic performance will not match the strong pace set at the start of the year, a survey showed. A surprising bounce in manufacturing activity...

  • Sterling, stocks rise as markets bet UK will remain in EU

    Sterling climbed to a 2016 high and global stocks rallied as investors bet Britons were likely to vote to remain in the European Union yesterday. Oil prices rose, shrugging off a smaller-than-expected draw in US crude stockpiles, and the...

  • ECB to guide banks on working off bad debt before setting targets – sources

    The European Central Bank is planning to give eurozone banks non-binding guidance by the end of 2016 or early 2017 to cut their bad debt pile, raising the heat on lenders but not forcing their hand, sources said. The ECB, which supervises 129 of...

  • Share Index resurfaces above 4,500 mark

    The share index closed in positive territory for the fourth consecutive day today as it gained a further 0.43 per cent to a four-week high 4,501.275 points. Most of today’s trading activity took place in the equity of RS2 Software which finished...

  • Edison’s views on Medserv

    Edison’s views on Medserv

    On June 10, Medserv plc announced that it had appointed Edison Investment Research of the UK to carry out analytical investment research on the company and subsequently publish its findings in the form of publicly available reports on a periodic...

  • VW gets approval for fixes on another 1m cars – CEO

    Volkswagen has received regulatory approval for technical fixes on another one million diesel cars and expects the number to keep growing, chief executive Matthias Mueller said. Germany’s motor vehicle authority KBA has so far approved technical...

  • Boeing’s Iran deal covers 109 jets including 747s – Iran official

    A provisional deal between Iran and Boeing to acquire jets for the country’s national airline covers 109 aircraft, split equally between narrow-body and long-range wide-body aircraft, an Iranian official told Reuters yesterday. In addition to the...

  • Nervy global investors revisit 1930s playbook

    Global investors are once again dusting off studies of the 1930s as fears of protectionism, nationalism and a retreat of globalisation, sharpened by this week’s Brexit referendum, escalate anew. With markets on tenterhooks over today’s “too close...

  • Global stocks, sterling gain on Brexit vote

    Stocks and sterling rose while safe-haven assets gold and bonds slipped yesterday, as investors grew more optimistic Britain would vote to remain in the European Union in its referendum today. Riskier markets also drew support from Federal Reserve...