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  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Agadir from el Khoms to Algiers, the Star Comet from Trapani to Taranto, the Oued Ziz from Skikda to Skikda, the CMG CGM Butterfly from Port Said to Genoa, the Vega Sigma from Annaba to...

  • MSE share index slides to 1-week low

    MSE share index slides to 1-week low

    Following the recent uplift in the MSE share index on the back of the rebound in Go plc’s share price, the local equity benchmark today slipped 0.7 per cent to a fresh one-week low of 3,319.242 points as the share prices of the two large banks...

  • World Bank Group welcomes China-led infrastructure bank

    World Bank Group welcomes China-led infrastructure bank

    World Bank Group president Jim Yong Kim yesterday welcomed a new multilateral infrastructure bank proposed by China, saying there was a “massive need” for new investment in this area. China, which aired the idea of creating the Asian...

  • Vatican bank clean-up wipes out 2013 profits

    The Vatican bank has blocked the accounts of more than 2,000 clients and ended some 3,000 “customer relationships” as part of a clean-up process that nearly wiped out its profit, its 2013 financial statement showed yesterday. The bank has been hit...

  • Italy encounters resistance to softer European spending rules

    Italy and its allies will receive no special leeway in meeting EU budget rules, the influential chairman of eurozone Finance Ministers said yesterday, as Germany resisted attempts to soft-pedal on long-promised spending reforms. Italy, leading a...

  • Stocks fall on earnings outlook as dollar eases

    The dollar eased and global equity markets fell yesterday as investors stepped back ahead of second-quarter earnings reports and after successive record highs last week for several major stock indices. Media reports of new US fines for banks and...

  • Third union slams door on French labour talks

    France’s main teachers’ union became the third yesterday to boycott a labour summit hosted by President François Hollande’s government in a bid to kickstart job creation. The hardline CGT and FO unions already announced on Monday they would...

  • RS2 down 5.7% on low volumes

    RS2 down 5.7% on low volumes

    The share price of RS2 Software plc plunged 5.7% during this morning’s session of the stock exchange back to the €2.45 level albeit on low volumes of 6,129 shares. Following this morning’s drop, RS2’s equity has effectively reversed the gains...

  • Competing for the best rates

    Competing for the best rates

    From a small, white-washed basement close to London’s Liverpool Street station, Sakthi Ariaratnam is beating banks at what you would have thought was their own game – and it is relatively easy. On a recent morning in the heart of London’s City...

  • Money market report for the week ended July 4

    On Thursday, July 3, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO) and the interest rates on the marginal lending facility and the deposit facility will remain...

  • In discounter war, will Aldi’s Coke rush fall flat?

    In discounter war, will Aldi’s Coke rush fall flat?

    Aldi and Lidl have a new weapon in their battle to be Germany’s discount grocery number one: Coca-Cola. Both chains have for years used own-brand goods and low prices to woo customers from global giants like Carrefour, Tesco and Metro. Both are...

  • German industry sees biggest fall in two years

    German industry sees biggest fall in two years

    German industrial output fell 1.8 per cent on the month in May, its biggest drop in more than two years, the Economy Ministry said, blaming mostly the way public holidays fell but also pointing to weakness in construction and geopolitical...

  • Stocks pull back from recent highs

    The dollar eased and global equity markets fell yesterday after a surprise drop in German industrial output cooled a rally that sent various stock indexes to record highs last week and as investors turned to corporate earnings for the second...

  • EU regulators to use scorecard for bank risks

    EU regulators to use scorecard for bank risks

    European Union banking supervisors will use a common ‘scorecard’ from 2016 to check if lenders can stay in business, use reliable IT systems and hold enough capital to pay potential fines, the bloc’s main sector regulator said yesterday. The...

  • Avoiding new trade barriers in the EU: what is the role of Malta?

    The creation of a single European economic area based on a common market was the fundamental objective of the Treaty of Rome. The common market was a stage in the multinational integration process, which, in the words of a Court of Justice (Case...

  • Ecclestone says he could bid to buy back F1

    Ecclestone says he could bid to buy back F1

    Formula One supremo Bernie Ecclestone has raised the possibility of making a multi-billion dollar bid to buy back the sport’s commercial rights from owners CVC Capital Partners. “It is possible, although one or two other companies are interested...

  • The Pope’s dire views on global economy

    The Pope’s dire views on global economy

    Pope Francis has brought a breath of fresh air in the Catholic Church and raised expectations of change. But many admirers of this new style of communicating with the faithful and the world at large doubt how strong the odds are on real change...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Jork Valiant from Ploce, the Vega Aquila from Thessaloniki to Piraeus, the Vega Carina from Algiers to Tripoli, the RT Dagr from Bejaia to Bejaia, the Star Comet from Durres to Taranto (all Carmelo...

  • MFSA evaluating feedback on consumer protection

    MFSA evaluating feedback on consumer protection

    The Malta Financial Services Authority is currently reviewing the feedback received to its proposals to improve customer protection in the investment services sector, according to chairman Joe Bannister. The MFSA decided to review the conduct of...

  • ECB releases details of bank refinancing

    Banks will initially be able to borrow up to seven per cent of a specific part of their loans in September and in December, the European Central bank said last week. The ECB released further technical details of a series of targeted longer-term...