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  • Halmann Vella scores top place at the Malta Best in Business Awards

    Halmann Vella scores top place at the Malta Best in Business Awards

    Halmann Vella are the winners of the Malta Best in Business Best Large Business Award. The Best in Business Awards is a unique event in Malta as it is the only independent business awards ceremony judged by qualified and professional members of...

  • HSBC supports diversity in Malta’s boardrooms

    HSBC supports diversity in Malta’s boardrooms

    HSBC Bank Malta has become the first signatory in Malta to sign up to the new Women Directors Malta (WDM) charter. The charter seeks to drive a step change in diversity within the board and executive levels of Malta’s private sector. Today the...

  • Singapore asks banks to establish clients’ tax residency status

    Singapore asks banks to establish clients’ tax residency status

    Singapore has asked financial institutions to establish the tax residency status of all their account holders and report some of the financial data to authorities, as new rules on financial data sharing kick in to fight tax evasion. Singapore from...

  • HSBC and BOV push index up

    The Malta Stock Exchange index kicked off the year on the same note as last year, registering a 0.29 per cent increase, thus reaching 4,644.338 points – extending its positive tally to six weeks to a fresh nine year high. The largest banks played...

  • VW, Justice Department nearing $3bl agreement over diesel allegations

    VW, Justice Department nearing $3bl agreement over diesel allegations

    Volkswagen AG and the US Justice Department are nearing an agreement to resolve the government’s civil and criminal investigations that would require the German automaker to pay a penalty of more than $3 billion, sources briefed on the talks said...

  • Stocks edge lower as dollar stabilises after US jobs report

    Global equity prices edged lower yesterday after December’s US non-farm payrolls report showed a slowing in hiring but an increase in wages, setting the economy up for further interest rate increases from the Federal Reserve this year. The jobs...

  • Japan defends Toyota after Trump broadside over Mexican plant

    Japan defends Toyota after Trump broadside over Mexican plant

    The Japanese government yesterday defended Toyota Motor Corp as an “important corporate citizen” of the United States, after President-elect Donald Trump singled out the automaker and threatened to slap punitive tariffs on its Mexico-built...

  • Changes in financial reporting – effective 2016 and beyond

    Recent amendments to financial reporting obligations present company directors with a number of possible different scenarios, including which accounting rules to apply, which financial statements components to prepare and/or file with the...

  • The shock waves continue

    This week the UK ambassador to the European Union resigned from his post. It is an event that may mean a lot or may mean nothing at all. However, it does increase the uncertainty as to the type of Brexit the UK government will opt for: will it be...

  • China’s choices narrowing as it burns through forex reserves to support yuan

    China’s choices narrowing as it burns through forex reserves to support yuan

    As China’s foreign exchange reserves threaten to tumble below the critical $3 trillion mark, the biggest fear for investors is not whether Beijing can continue to defend the yuan but whether it will set off a vicious cycle of more outflows and...

  • Uber drivers judged to be employees by Swiss insurance provider

    Uber drivers judged to be employees by Swiss  insurance provider

    Uber drivers are employees for which the company must pay social security contributions, a Swiss insurance agency has ruled, dealing a blow to the US ride-hailing platform that says drivers are freelance contractors. The California-based start-up...

  • Apple pulls New York Times app in China after government request

    Apple Inc has removed the New York Times Co’s news apps from its app store in China following a request from the Chinese authorities, the companies said separately yesterday. Apple removed both the English-language and Chinese-language apps from...

  • Prices rise and businesses grow, but ECB probably not for turning

    Prices rise and businesses grow, but ECB probably not for turning

    A sharp rebound in eurozone inflation and a better-than-expected business outlook are certain to fire up demands from some hardliners for the European Central Bank to choke off its ultra-generous monetary policy. But don’t bet on the bank doing it...

  • World stocks hold gains as dollar dips on US labour data

    World stocks shrugged off weakness on Wall Street to cling to gains after hitting their highest level since mid-2015 yesterday, bolstered by strong Chinese data that added to optimism about global growth and inflation. The dollar lost ground...

  • Another positive year for the Maltese equity market

    Another positive year for the Maltese equity market

    Following the exceptional performance of the MSE Share Index in 2015 when the equity market rallied by 33 per cent, the Index advanced by a more modest 4.5 per cent in 2016. The MSE Share Index is composed of the 22 equities listed on the Official...

  • Eurozone business growth fastest in more than five years in December –PMI

    Businesses across the eurozone ended 2016 by ramping up activity at the fastest pace for five-and-a-half years, a survey showed yesterday, as a weaker currency boosted demand for their goods and services in December. The expansion, which came...

  • Trump assails GM over car production in Mexico, threatens tax

    President-elect Donald Trump threatened to impose a “big border tax” on General Motors Co for making some of its Chevrolet Cruze compact cars in Mexico, an arrangement the largest US automaker defended as part of its strategy to serve global...

  • Stocks climb, dollar dips ahead of Fed minutes

    Stocks around the world gained for a second straight day yesterday, boosted by upbeat global economic data, as investors await minutes of the Federal Reserve’s December meeting in which the US central bank raised interest rates. The dollar...

  • Shipping movements

    These ships are expected in Malta: The Analena from Annaba to Algiers (Thomas Smith Shipping Ltd), the Bjorg from Split to Durres (Sullivan Shipping) and the MSC Irene from Singapore to Barcelona (John Ripard & Son Ltd) today. The Philemon from...

  • MSE Share Index posts 4-day positive streak

    Positive sentiment across the local equity market persisted as the MSE Share Index advanced by 0.10% to a fresh near nine-year high of 4,638.789 points. Trading activity softened further today as only €0.15 million worth of shares changed hands –...