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  • The return on equity league table

    Regular readers of my weekly column are accustomed to the annual league tables published in May following the end of the annual reporting season. Most companies whose equity is listed on the Malta Stock Exchange have a December year-end and...

  • Further EU e-commerce investigations

    The European Union plans to launch more antitrust investigations into e-commerce companies after a two-year inquiry uncovered practices that restrict competition, the European Commission said yesterday. In its report following the initial inquiry,...

  • Australian banks lick wounds after tax hit

    Australian banks lick wounds after tax hit

    Australia’s big banks will likely swallow a surprise new €4 billion federal tax, industry and political sources said yesterday, given a lack of public support for an oligopoly that has reaped years of record profits. The tax on liabilities...

  • Volkswagen investors demand faster progress in dieselgate reforms

    Volkswagen needs to do more to regain the confidence of investors in the wake of its emissions scandal, despite a swift recovery in earnings, several shareholders told the German carmaker at its annual meeting yesterday. The world’s largest...

  • Global stocks and dollar steady as volatility remains low; oil rebounds

    Oil prices rebounded yesterday after a steeper-than-expected drop in US crude inventories, helping limit equity losses on Wall Street, while European stocks held near their highest in nearly two years. European full-year earnings forecasts, set to...

  • Shipping movements

    These ships are expected in Malta: The Maersk Arizona (Thomas Smith Shipping Ltd) and the MSC Danit from Singapore to Barcelona (John Ripard & Son Ltd) today. The JSP Slidur from Tunis to Tunis (Thomas Smith Shipping Ltd) tomorrow. The Maersk...

  • BOV introduces card activation security feature

    BOV introduces card activation security feature

    Bank of Valletta has introduced an activation process across its range of credit and debit cards, providing customers with an additional level of security from fraudsters.  The one-time, one-step process is intended to safeguard BOV customers...

  • High trading activity in PG persists

    The MSE Share Index extended yesterday’s decline by a further 0.09% to 4,669.149 points. Trading activity was broad as twelve equites were active, seven of which trended lower, four posted gains whilst only Tigne’ Mall closed unchanged.

  • Sale of multimedia players

    Intellectual property owners have been hard hit by the online world. With its continuing evolution that allows copying, streaming and broadcasting without the necessity of involving right holders, the creative industries have been battling this...

  • German economy picks up steam

    German economy picks up steam

    Industrial production in Germany fell by less than expected in March following two strong months while exports and imports both hit record-highs in March, data showed yesterday, suggesting Europe’s biggest economy picked up steam in the first...

  • Made in North Korea

    Made in North Korea

    From carrot-flavoured toothpaste and charcoal face masks to motorcycles and solar panels, visitors to North Korea say they are seeing more locally made products in the isolated country’s shops and supermarkets, replacing mostly Chinese imports. As...

  • European stocks at record highs as calm backs risk rally

    Wall Street opened higher yesterday, with the S&P 500 and Nasdaq touching all-time intraday peaks, as US equities tracked European stocks and global bond yields. Investor sentiment has been bolstered by historically low US stock market volatility,...

  • UK insurer picks Luxembourg over Malta for geographical reasons

    UK insurer picks Luxembourg over Malta for geographical reasons

    British insurer Hiscox has picked Luxembourg over Malta as the base for a new subsidiary to underwrite its retail business in Europe following Britain's decision to leave the European Union. The company, which insures a broad range of risks from...

  • France elects President as investors take profits on the news

    France elects President as investors take profits on the news

    And France have a new President. Favourite Macron got almost two-thirds of the votes in what had been expected to be a pretty straightforward race. Polls got it right. Let’s face it, heading into this weekend’s round two of French Presidential...

  • Macron to take time reforming economy in divided France

    Macron to take time reforming economy in divided France

    After a decade of slow growth, rising unemployment and dwindling competitiveness, France elected a president on Sunday who says he has a plan to pull the country out of its economic malaise. Emmanuel Macron, a former investment banker who quit the...

  • Money market report for the week ended May 5

    On April 28, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on May 2 and attracted bids from euro area eligible counterparties of €14.43 billion, €0.02 billion higher than the bid...

  • Chinese bank payment networks surge as Western lenders cut ties

    Chinese bank payment networks surge as Western lenders cut ties

    Chinese banks have dramatically expanded their overseas payment and trade networks since the global financial crisis, exploiting a growing vacuum created by Western lenders which are retreating from higher-risk jurisdictions, new data shows. The...

  • EU pollutant limits threaten large coal power plants – research

    Stricter European Union pollutant limits could lead to costly upgrades or the closure of one third of Europe’s large-scale coal power plant capacity, a report by the Institute for Energy Economics and Financial Analysis (IEEFA) showed...

  • Details on Menqa concession at RFP stage

    Details on Menqa concession at RFP stage

    The details of what the government intends to offer as a concession at the Menqa in Marsa – most crucially the length of the contract – will only be revealed at the next stage of Projects Malta’s bidding process. Last week, the government through...

  • Banks planning to move 9,000 jobs from Britain because of Brexit

    The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to take shape. Last week Standard Chartered and...