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  • A Fed surprise could close confidence gap

    A Fed surprise could close confidence gap

    Market volatility is low, US census data shows income gains have reached the middle class and workers are clawing back a larger share of national income. For now, at least, no international risk stands out and inflation may even be picking up. If...

  • Rolls-Royce to cut 200 more management jobs

    Rolls-Royce said it is cutting more than 200 management jobs as part of its ongoing restructuring. Chief executive Warren East launched a turnaround programme last year, with the aim of saving between £150 million and £200 million a year by...

  • BIS warns China banks risk crisis within three years

    BIS warns China banks risk crisis within three years

    Excessive credit growth in China is signalling an increasing risk of a banking crisis in the next three years, a report from the Bank for International Settlements (BIS) says. An early warning of financial overheating – the credit-to-GDP gap – hit...

  • Money market report for the week ended September 16

    On Monday, September 12, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, September 13, and attracted bids from euro area eligible counterparties of €41.58 billion, €0.20...

  • Engie to cut 1,150 French jobs

    Engie to cut 1,150 French jobs

    French gas and power group Engie plans to cut about 1,150 jobs in various support functions and the firm’s Liquefied Natural Gas (LNG) business is set to book a full-year loss after making losses in the first half, L’Expansion said. The newsletter...

  • Dollar falls, stocks gain

    World stock indexes climbed and the US dollar weakened yesterday on expectations the US Federal Reserve will leave interest rates unchanged after its policymakers meet this week, while oil prices surged from multi-week lows. US Treasuries yields...

  • MSV Life appoint new business development head

    MSV Life plc have appointed Michael Galea as Chief Officer, Business Development. Mr Galea will be responsible for directing and coordinating the design, establishment and optimisation of the business development value chain of MSV Life, including...

  • EU is a marriage of convenience

    EU is a marriage  of convenience

    Some political analysts argue that Brexit could be the beginning of the dissolution of the EU that is increasingly looking like a jumbled jigsaw of disparate nations. Others believe that Brexit is a consequence rather than a possible cause of the...

  • ­­­Shipping movements

    These ships are expected in Malta: The Asiatic Orchid from Varna, the CMA CGM Vela from Fos-sur-Mer to Damietta, the Coneste from Trapani (all CMA CGM Malta Agency Ltd), the Passat from Valencia to Tunis, the Merito from Oran to Algiers, the...

  • The end of cash is nigh

    The end of cash is nigh

    The last time I ate with my parents we talked about family, health issues, and, being Austrian, the presidential elections – a loaded issue for Austrians. But what got them worked up was the Euro­pean Central Bank’s recent announcement to stop...

  • AirX adds third Citation X to its fleet

    AirX adds third Citation X to its fleet

    A third Citation X aircraft recently joined the AirX fleet after undergoing a full upgrade of its cabin interiors. The aircraft can take eight passengers seated in luxurious leather seats in executive configuration. Ipads are installed on board to...

  • HSBC Bank Malta ATM at Smart City

    HSBC Bank Malta ATM at Smart City

    The increased occupancy level of office space at Smart City and the large community of employees who commute to their office on a daily basis have led to the installation of a new HSBC Bank Malta ATM in the SCM 02 Building on ground floor. The...

  • New gold coin represents Maltese ‘patakka’

    New gold coin represents Maltese ‘patakka’

    The Central Bank of Malta has just issued a numismatic coin in gold representing the copper four tari “patakka”. This coin has a face value of €5 and will be sold at €60. In 1566, Grand Master Jean de Valette embarked on the building of the...

  • Distributors in collective agreement

    GSD Marketing Ltd, distributors of The Coca-Cola Company brands produced in Malta by The General Soft Drinks Co. Ltd, has signed a five-year agreement with the company’s self-employed distributors. The distributors will enjoy increased benefits...

  • Sponsor for iGaming awards

    Tipico Careers will be the Plati­num sponsors of iGaming Idol, the iGaming awards event that will recognise employee initiative and commitment as well as providing charity and entertainment. The awards event will be held on November 8 at the...

  • Seventh weekly gain for GO plc

    Seventh weekly gain for GO plc

    The Malta Stock Exchange (MSE) index closed the week marginally lower by 0.03 per cent at 4,424.942 points on mixed trading. The index’s performance was weighed down by declines in Malta International Airport plc (MIA) and International Hotel...

  • China’s industrial output, retail sales grow unexpectedly

    China’s industrial output and retail sales growth recorded their fastest growth in five months with both exceeding forecasts. Industrial production output rose to 6.3 per cent in August, and higher than July’s six per cent increase. This was the...

  • Cypriot international award for investment by Go in the island

    Cypriot international award for investment by Go in the island

    GO plc has won an International Investment Award from the Cyprus Investment Promotion Agency (CIPA). The award recognises the company’s positive impact on the Cypriot telecommunications market through its investment in Cablenet, the leading...

  • Maltese companies named champions at business awards

    Fifteen businesses from Malta have been named national champions in the European Business Awards, sponsored by RSM, Europe’s largest business competition, supported by businesses leaders, academics and political representatives from across...

  • Financial hub needs skilled staff

    Financial hub needs skilled staff

    In Professional Wealth Management’s first Spotlight Series on financial centres, Yuri Bender, editor-in-chief of PWM, part of the Financial Times, discusses recruitment and the importance of training. Attracting finance and tech firms Malta has...