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  • HSBC share price down for fourth consecutive day

    The share price of HSBC trended lower for the fourth consecutive session ahead of the bank’s full-year results publication on February 23. A total of 10,620 shares changed hands today as the equity receded by a further 1.5 per cent back to the...

  • HSBC could face US legal action over Swiss accounts

    HSBC Holdings Plc faces investigation by US authorities and an inquiry by British lawmakers after admitting failings by its Swiss private bank that may have allowed some customers to dodge taxes. US prosecutors have stepped up efforts to establish...

  • Capping of retailer’s fees for card-based payments

    The path is now clear for the final adoption of an EU law which will cap inter-change fees charged by banks to traders whenever the latter accept payment by card from a consumer. Both the European Parliament and the European Council have trashed...

  • US warns G20 against using exchange rates to boost their exports

    The US urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment yesterday of the outlook for global growth. The meeting of finance ministers and...

  • Shares rise on Greek debt hopes

    US and European shares rose yesterday after press reports on the possibility of a debt agreement between Greece and its major creditors, while US Treasury yields rose on continued expectations of a Federal Reserve rate hike this year. Reports of a...

  • Defiant Greek PM sets up EU clash with austerity rollback

    Defiant Greek PM sets up EU clash with austerity rollback

    Leftist Prime Minister Alexis Tsipras laid out plans to dismantle Greece’s “cruel” austerity programme, ruling out any extension of its international bailout and setting himself on a collision course with his European partners. In his first major...

  • Money market report for the week ended February 6

    On Monday, February 2, the European Central Bank announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €151.77 billion, €12.05 billion lower...

  • HSBC admits Swiss bank failings over client taxes

    British bank HSBC Holdings Plc admitted on Sunday failings by its Swiss subsidiary, in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets. “We acknowledge and are accountable for past...

  • UK referendum to leave EU would hurt growth, bank says

    UK referendum to leave EU would hurt growth, bank says

    Lost growth will cost the UK billions of pounds if it holds a referendum on European Union membership, as increased economic uncertainty leads to a reduction in investment, research from Dutch bank ING suggested yesterday. Prime Minister David...

  • Stocks head lower as concerns mount over China, Greece

    Concerns about the world economy helped tug US stocks to slight losses yesterday. Major indexes followed European markets lower as worries mount over Greece’s standoff with its creditors. The Dow Jones industrial average fell 82 points, or 0.5 per...

  • Mixed blessings from decline in oil prices

    Mixed blessings from decline in oil prices

    Has oil lost the capacity to shock? The oil price decline is, at least in part, a symptom of a broader disinflationary undercurrent caused by lacklustre global demand. This is not purely the exogenous shot in the arm that many hope for. We need to...

  • Greece: caught between Scylla and Charybdis

    Greece: caught between Scylla and Charybdis

    Greece and the EU are once again navigating troubled waters caught between Scylla and Charybdis. This drama no longer pertains to mythology but to the reality that Europe is living – a reality full of uncertainty and threats to economic...

  • ­­­Shipping movements

    The following ships are expected in Malta: The OPS Hamburg from Algiers to Algiers, the HH East (ex-Coneast) from Ghazaouet, the Elbdeich from Tunis, the CMA CGM Meknes from Tunis (all Carmelo Caruana Co. Ltd), the Rio Cardiff from Antwerp to...

  • €6.5m investment in simulator planned

    €6.5m investment in simulator planned

    A French former pilot is investing €6.5 million in an airline simulator for Airbus pilots, which he believes will put Malta – and its current aviation sector – much more firmly within the sights of airline operators. The simulator will be...

  • Chamber joins chorus of disapproval

    The Malta Chamber of Commerce, Enterprise and Industry has added its voice to the chorus of disapproval over the planned relocation of the Valletta open air market – adding its concern over the hawkers at the entrance to the capital city. The...

  • Half The Hub already taken up

    Half The Hub already taken up

    There has been a tremendous response to the latest business centre offering, The Hub, with over half the 39 suites already occupied in less than two months. The Hub, in San Ġwann, belongs to GX4 who have entrusted its management to real estate...

  • €1bn proposed for the young unemployed

    The European Commission is proposing to make €1 billion from the Youth Employment Initiative available as early as this year. This change will increase by up to 30 times the pre-financing member states receive to boost youth employment – reaching...

  • England rugby hero Sir Clive Woodward for BLM conference

    England rugby hero Sir Clive Woodward for BLM conference

    England rugby hero Clive Woodward is the keynote speaker for this year’s Business Leaders Malta annual conference at the Radisson Blu Golden Sands Resort on February 27. In keeping with this year’s theme Knowledge is Everything, Sir Clive will...

  • Crimsonwing deal boosts KPMG

    KPMG’s acquisition of Crimsonwing, makes it the largest ‘Big Four’ provider in Europe of Microsoft Dynamics consulting and implementation services. The combined entity has a goal of more than doubling in size over three years.an international IT...

  • Central Bank issues new coin to commemorate aqueduct anniversary

    Central Bank issues new coin to commemorate aqueduct anniversary

    The Central Bank of Malta has issued a limited edition silver coin commemorating the 400th anniversary of the inauguration of the Wignacourt Aqueduct. The coin has a face value of €10. The coin was minted at the Royal Belgian Mint and was designed...