Advert

News

  • 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...

  • ECB council member says it would be ‘logical’ to depreciate the euro ‘a bit’

    European Central Bank Governing Council member Christian Noyer said that the strong level of the euro currency was weighing heavily on economic activity and inflation and that it would be logical for it to depreciate. The remark echoed a call from...

  • EU is widening tax probe into multinationals

    EU is widening tax probe into multinationals

    The European Commission is wi­den­ing its probe into how multinationals use countries like Luxembourg to cut their taxes, an official knowledgeable on the matter said. The Commission has warn­ed Ireland, an EU country that offers companies...

  • Central Bank launches Auberge d’Aragon coin

    Central Bank launches Auberge d’Aragon coin

    The Central Bank of Malta has issued two numismatic coins, depicting the Auberge d’Aragon. This will be the fourth in series of coins featuring the auberges of the Knights of St John. The Auberge d’Aragon was built in the 1570s according to a...

  • PTL acquires Poland’s largest Apple retailer

    PTL acquires Poland’s largest Apple retailer

    PTL International, a subsidiary of Hili Ventures, has acquired SAD, Poland’s largest retail network of Apple products. Established in 1991, SAD is one of Poland’s fastest growing IT companies. It enjoys three key statuses as Apple Premium...

  • Medichem opens High Potency API unit in Malta

    Spanish manufacturer Medichem has opened a new High Potency Active Pharmaceutical Ingredient unit (HPAI) in its Maltese plant at Ħal Far. “Our expansion to HPAI will allow Medichem to offer a broader product portfolio to our customers. Today, 25...

  • Letting immovable property – changes in the tax legislation

    Budget 2014 brought in changes to the taxation system applicable to income from the letting of immovable property in Malta for residential purposes. Prior to this change, tenants were subject to tax on the rental income less the deductions...

  • MSE index rebounds from 14-month low

    MSE index rebounds from 14-month low

    The Malta Stock Exchange (MSE) index rebounded from its 14-month low and 10th weekly loss, mainly as a result of significant gains by telecoms company Go plc – reflecting an announcement released last Tuesday – and to a lesser extent, through...

  • US unemployment dips to 6.1 per cent

    Employers in the US added 288,000 jobs in June, the Labour Department said last week. This is the fifth consecutive month that hiring has topped the 200,000 mark. In the meantime, the unemployment rate dipped to 6.1 per cent, the lowest reading...

  • Company briefs

    Company briefs

    Bank of Valletta has clocked up its two millionth login on its BOV Mobile while the average BOV customer uses its app 12 times a month. “Mobile banking gives us greater flexibility to serve our customers where and when they need us,” said Ivo...

  • Wealth creation and management

    Wealth creation and management

    Material wealth can be defined as the abundance of valuable possessions or money. As materialistic as it may seem, most governments, organisations and individuals strive to create wealth. There are a number of key considerations one should take to...

  • Banif launches Casual Fridays in aid of charity

    Banif launches Casual Fridays in aid of charity

    Members of staff from Banif Bank (Malta) organised a dress-down day in aid of charity. Donations collected during the event were presented to Christine Calleja, from the bank’s business development unit, who will be going to Naples to work with...