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  • Football sector investments are higher risk, Dutch regulator warns banks

    Football sector investments are higher risk, Dutch regulator warns banks

    The Dutch central bank (DNB) has warned that financial institutions need to do more to guard against corrupt practices when dealing with clients from the football sector. The financial regulator said today that an investigation it had carried out...

  • The iPhone is 10 years old

    This week Apple celebrated the first 10 years of iPhone. They need to build hype around the event as they have had a bad 2016, by their own standards. However, irrespective of the hype, it is worth looking at what this product has done to our...

  • German economy grows at fastest rate in five years

    German economy grows at fastest rate in five years

    The German economy, the major driver of eurozone growth, expanded by 1.9 per cent in 2016, the strongest rate in five years, a preliminary estimate from the Federal Statistics Office showed yesterday, Europe’s largest economy is benefiting from...

  • Britain’s finance industry drops demands for passporting after Brexit

    Britain’s finance industry drops demands for passporting after Brexit

    Britain’s finance industry has given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial products. Banks, insurers and asset...

  • Trump’s tax cuts may pressure US’s top credit rating: Fitch

    Trump’s tax cuts may pressure US’s top credit rating: Fitch

    US President-elect Donald Trump’s plans to slash taxes could threaten the country’s triple-A credit rating over the medium term, the head of EMEA sovereign ratings at the Fitch agency said yesterday. “We do see increasing medium-term pressures (on...

  • US stocks slide while greenback drops as Trump optimism wanes

    Wall Street stocks fell nearly one per cent and the US dollar dropped to a five-week low yesterday after President-elect Donald Trump’s eagerly awaited news briefing the previous day ignored his fiscal policies, which are expected to boost the...

  • Share index reaches 9-year high

    The share index posted its third consecutive daily positive performance as it advanced by a further 0.12% to a fresh near nine-year high of 4,672.271 points. Trading activity was spread across seven equities, three of which registered marginal...

  • Eurozone banking watchdog ‘not concerned’ over Monte Paschi rescue

    Eurozone banking watchdog ‘not concerned’ over Monte Paschi rescue

    The head of the eurozone banking watchdog said yesterday she had no concerns about how EU bank failure rules had been applied in the public rescue of Italy’s Banca Monte dei Paschi di Siena. The Italian government and the EU supervisory...

  • EU privacy proposal could dent Facebook, Gmail ad revenue

    EU privacy proposal could dent Facebook, Gmail ad revenue

    Online messaging services such as Whats-App, iMessage and Gmail will face tougher rules on how they can track users under a proposal presented by the European Union executive which could hurt companies reliant on advertising. The web companies...

  • Green bond issuance growth to slow after bumper 2016 – HSBC

    The growth in global green bond issuance could slow down this year to $90-120 billion, with China unlikely to repeat its record issuance and policymakers abstaining from intervening in the nascent market, HSBC said yesterday. Around $90 billion of...

  • Global air passenger traffic demand up 7.6% in November – Iata

    Global demand for air travel rose 7.6 per cent in November, the strongest rate for nine months, with European traffic rebounding, the International Air Transport Association (Iata) said yesterday. Global capacity measured in available seat...

  • Volkswagen shares rise as $4.3bn emissions deal with US nears

    Volkswagen shares rise  as $4.3bn  emissions deal with  US nears

    Volkswagen shares rose in early trading yesterday as investors welcomed news the carmaker is on the cusp of a criminal and civil settlement with the US Justice Department over its emissions test cheating scandal. VW said after the market close on...

  • EY Malta publishes technical guides

    Keeping up with the changing regulatory landscape in the wealth and asset management industry, both locally and abroad, has proved to be an ongoing challenge for current and potential investors. Spearheaded by its growth in the financial services...

  • US stocks, dollar gain – oil prices rise

    Wall Street shares and the dollar rose yesterday ahead of a news conference by US President-elect Donald Trump in which he is expected to provide more details about his plans for the world’s largest economy. Mr Trump’s campaign calls for tax cuts...

  • Shipping movements

    These ships are expected in Malta: The Cape Mayor from Tartous to Damietta, the Max Cooler from Misurata to Annaba (both CMA CGM Malta Agency Ltd), the Maersk Regensburg from Algiers to Algiers, the BC Hamburg form Algiers to Algiers (both Thomas...

  • Malta in pole position for Lloyds

    Malta in pole position for Lloyds

    Discussions have intensified between Lloyds of London, the Malta Financial Services Authority and a local law firm as the island emerges as a favourite location for a post-Brexit subsidiary of the insurance firm. Lloyds made it clear some months...

  • VAT attracts €3.2bn superyachts

    VAT attracts €3.2bn superyachts

    Almost 600 superyachts have taken advantage of the low VAT rate associated with the Malta flag, bringing an estimated €171.5 million in tax revenue over the past 10 years – not to mention income for ancillary service providers. A superyacht...

  • New laws to support aviation

    New laws to support aviation

    Some of the amendments to the Civil Code, to the Financial Institutions Act and to the Interest Rate (Exemption) Regulations address indirect factors needed to grow business opportunities around aircraft and their operators, not necessarily...

  • How to get more money from EFSI 

    How to get more money from EFSI 

    The €315 billion European Fund for Strategic Investments was the brainchild of the European Commission president Junker back in 2014 to address the low levels of investment registered in the EU following the financial crisis. In a bid to help...

  • Consumption still behind EU average

    Consumption still behind EU average

    Malta’s consumption per capita is creeping up compared with the EU average – albeit slowly. Eurostat reported that individual consumption in Malta, adjusted for purchasing power, was still 20 per cent below the EU average in 2015, up from 21 per...