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  • BOV, IHI trade higher

    BOV, IHI trade higher

    The MSE Share Index edged 0.3 per cent higher during this morning’s trading session to 3,360.619 points as two of the four active securities traded in positive territory. A trade of 2,982 shares of International Hotel Investments plc lifted the...

  • UK overhauls pension schemes

    UK overhauls pension schemes

    Britain published new rules for private pensions yesterday which give retirees greater freedom to spend their savings as they like, fleshing out reforms announced earlier this year that shook the share value of British insurers. Chancellor George...

  • Money market report for the week ended July 18

    On Thursday, July 17, the European Central Bank (ECB) published an indicative calendar for the meetings of the Governing Council and for reserve maintenance periods in 2015. The Governing Council decided this month that meetings dedicated to...

  • Is Germany still the champion?

    Is Germany still the champion?

    A week on from its World Cup football victory, Germany may return to centre stage, though this time not with fan celebrations but concerns over the health of Europe’s economic motor. Investors saw dark clouds building on Friday after a Malaysian...

  • Florida jury awards record $23bn against RJ Reynolds

    Florida jury awards record $23bn against RJ Reynolds

    A Florida jury has awarded the widow of a chain smoker who died of lung cancer 18 years ago record punitive damages of more than $23 billion in her lawsuit against the R.J. Reynolds Tobacco Company, the nation’s second-biggest cigarette maker. The...

  • Europe shares fall as Ukraine fighting flares

    European shares fell yesterday as fighting erupted in eastern Ukraine, the first major eruption of violence there since a Malaysian airliner was shot down last week. Calls are multiplying in the West for new sanctions against Moscow over last...

  • Investors favour credit risk over interest rate

    During the first six months of the year, credit markets continued pretty much where they left off in 2013, grinding tighter, as investors continued to scramble to find paper after they began the year sitting on high levels of cash and feared that...

  • BOV lifts MSE Share Index

    BOV lifts MSE Share Index

    The MSE Share Index edged 0.2 per cent higher during this morning’s trading session to yet another fresh two-week high of 3,351.078 points reflecting the uplift in the share price of Bank of Valletta plc. BOV’s equity traded one per cent higher...

  • Anti-money laundering – know your customer!

    Anti-money laundering – know your customer!

    Money laundering is a reality. It has become today one of the chief concerns of all governments – and so it should be! It is not merely financial institutions and large organisations which may fall victim to such offence, but any individual who...

  • Rethinking risk in emerging markets

    Middle-class anger at not seeing enough of the fruits of economic growth is growing in developing economies, and that anger is forcing the world’s biggest investors to rethink how they rank emerging markets. Political risk has always been a fact...

  • Welcoming Chinese investment in Europe

    Welcoming Chinese investment in Europe

    A report by the Rhodium Group, an economic consultancy that specialises in Chinese outward direct foreign investment, predicts that by 2020 China would have invested between $250bn and $500bn in Europe. Europe has become the second most important...

  • ­­­Shipping movements

    The following vessels are expected this week: The CMA CGM Meknes from Bejaia to Algiers, the Jamila from Misurata to Misurata, the Pago from Valencia to Livorno, the Alexander Sibum from Algiers to Bizerte (all Carmelo Caruana Co. Ltd), the Lana...

  • PwC renews its commitment to the €1m fund for start-ups

    PwC renews its commitment to the €1m fund for start-ups

    PwC has decided to renew its €1million fund for start-ups for another year, after 52 companies benefited from the offer of pro-bono services since the original fund was launched in Spring 2013. Approved applicants received up to €20,000 of...

  • Signs of turnaround in international use of euro

    Signs of turnaround in international use of euro

    The euro area attracted more foreign investment last year than in the year before, but the share of the euro in foreign exchange reserves and its role as currency in international financing slightly declined. These are among the main findings of...

  • Melita completing refinancing

    Melita’s authorised share capital has been increased from €5 million to €250 million as part of the process of refinancing existing debt, reflecting a consolidation of the investments made in the Melita Group since 2007. The refinancing process,...

  • Smart City signs MoU with Indian ICT association

    Smart City signs MoU with Indian ICT association

    Smart City Malta has signed a memorandum of understanding with the National Association of Software and Services Companies, hoping to use Malta as a bridge between its members and Malta’s neighbours. Nasscom is a trade association for Indian IT...

  • Bank branches shrink in EU but grow in Malta

    Bank branches shrink in EU but grow in Malta

    There were about 200,000 branches of domestic credit institutions at the end of 2013, confirming a downward trend in most EU countries, new data shows. However, Malta is bucking this trend, with more branches and more employees. The European...

  • Middlesea registers €8.21m gross profit

    Middlesea Group reported a gross profit of €8.21 million for the first six months of 2014, compared to €6.4 million in the same period last year. Improved results were generated mainly from the group’s life operation MSV Life plc. General business...

  • Revenue Commissioner appealing tax ruling

    Revenue Commissioner appealing tax ruling

    The Commissioner of Revenue is going to contest a ruling by the Administrative Review Tribunal which interpreted a court judgment as meaning that a taxpayer has the right to be considered innocent until proven guilty. Under normal tax law,...

  • Euro counterfeiting incidence stays low

    In the first half of 2014, just under a third of a million counterfeit euro banknotes were withdrawn from circulation, 6.2 per cent down on the figure for the second half of 2013. Overall, the number of counterfeits remained very low compared with...