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  • I have retired – time to move abroad

    I have retired – time to move abroad

    Changes from April 6 will allow those people in the UK aged 55 and over to withdraw all the money from their pension scheme, with 25 per cent as a potentially tax-free lump sum. Alternatively, they can withdraw it in chunks with 25 per cent...

  • Greece raises €1.1bn, sells all six-month T-bills on offer

    Greece raises €1.1bn, sells all six-month T-bills on offer

    Greece raised €1.138 billion at an auction of six-month Treasury bills yesterday, moving the full amount on offer in the first of two sales this month as it tries to roll over debt and navigate its way through a cash crunch. Despite Athens’...

  • SHout – Spring Hunting Out – vote No on April 11

    SHout – Spring Hunting Out – vote No on April 11

    On Saturday, we all have the chance to take part in a referendum to abolish spring hunting in Malta by voting No/Le. The referendum is happening because 10 per cent of Maltese voters asked for it by signing a petition. Now we have the power to...

  • Stocks gain on Royal Dutch Shell bid as dollar slips

    Global equity markets rose on yesterday, with European shares hitting eight-year highs on Royal Dutch Shell's $70 billion bid for energy firm BG Group, while the dollar slipped ahead of the release of US Federal Reserve minutes. Equity markets...

  • €2.5bn plan to boost business investment of French firms

    €2.5bn plan to boost business investment of French firms

    French firms will benefit from bigger tax rebates on their investments as part of reforms announced yesterday to boost business activity. Flat business investment remains a drag on the improving economic outlook for the eurozone’s second-largest...

  • HSBC Malta joins branches across the world for WWF’s Earth Hour 2015

    HSBC Malta joins branches across the world for WWF’s Earth Hour 2015

    HSBC Malta participated in Earth Hour for the eighth consecutive year by switching off non critical lighting and air-conditioning, leading to an estimated saving of 49kg of greenhouse gas emissions. This is equivalent to emissions by 37...

  • EU reimposes sanctions on Iranian bank and 32 shipping companies

    The EU reimposed sanctions on an Iranian bank and 32 Iranian shipping companies yesterday, using new legal grounds, after the measures were struck down by a European court. Coming days after Iran and six major powers reached a framework agreement...

  • Marking the first anniversary of the Vilhena Global Balanced Multi-Manager Fund

    Valletta Fund Management Ltd has announced that the Vilhena Global Balanced Multi-Manager Fund registered 15.4 per cent return to shareholders over one year from its inception in March 2014. The Vilhena Global Balanced Multi-Manager Fund provides...

  • Express Trailers strengthens UK service with new Birmingham depot

    Express Trailers strengthens UK service with new Birmingham depot

    Express Trailers this week started operating a new weekly road freight service to Birmingham in the UK through a partnership agreement with Sheldon Clayton Logistic Group. Based in West Bromwich, Sheldon Clayton Logistics enjoys an excellent reach...

  • Shipping movements

    The following ships are expected in Malta: The Xin Da Lian from Port Klang to Koper, the Taurus J from Algiers to Bejaia (both Carmelo Caruana Co. Ltd), the MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime) and the Vega Stockholm from...

  • BOV share price slumps for second consecutive session

    Further declines in the share prices of the two large banks dragged the share index down by a further 1.3 per cent to 3,725.370 points following yesterday’s 0.9 per cent drop. The share price of Bank of Valletta remained under pressure as it...

  • Are corporate bonds set for another positive quarter?

    We have been saying for quite a while now that Investment Grade European corporate bonds are trading historical lows, in terms of yields, mainly on the back of the widely talked about 22 January QE announcement by the ECB, which QE program...

  • EU scrutinising four countries over banks’ deferred tax assets

    EU regulators are scrutinising four EU countries’ treatment of banks’ deferred tax assets (DTAs) to see if they constitute potentially illegal state aid, the European Commission said yesterday. The EU executive said it had contacted authorities in...

  • FedEx to buy TNT for $4.8 bn

    FedEx to buy TNT for $4.8 bn

    FedEx Corp. launched a €4.4 billion bid to buy Dutch package delivery company TNT Express, seeking success where main rival United Parcel Service failed two years ago when its bid was blocked on competition concerns. FedEx will offer €8 in cash...

  • Boeing beats Airbus in net orders, deliveries

    Boeing beats Airbus in net orders, deliveries

    US planemaker Boeing beat its European rival Airbus in net new airplane orders and deliveries in the first quarter, according to figures released yesterday. The two plane giants showed mixed results in the traditionally slow first quarter for new...

  • Japan to hold finance dialogue with China

    Japan and China plan to hold finance discussions in Beijing in June, which could include topics such as the China-led Asian Infrastructure Investment Bank (AIIB), Finance Minister Taro Aso said yesterday. The talks would mark the first bilateral...

  • Liquidity over capital?

    Liquidity over capital?

    The global financial crisis that hit in 2007 served as an eye-opener to all players in the economy. The effects of the crisis were felt worldwide, from the largest multinational banks to the man on the street. Regulators embarked on a journey to...

  • Strength of dollar could be a concern

    Stock markets around the world rose yesterday as investors moved into riskier assets for a second straight day, though a rise in the US dollar could a headwind for further gains. Potential deal activity boosted equities on Wall Street and in...

  • Greece puts figure on World War II reparation claims from Germany

    Greece puts figure on World War II reparation claims from Germany

    Greece’s deputy finance minister said Germany owes Greece nearly €279 billion in reparations for the Nazi occupation of the country. Greek governments and also private citizens have pushed for war damages from Germany for decades but the Greek...

  • Canada agrees to sell rest of GM stake to Goldman Sachs

    Canada has entered into an agreement to sell nearly 73.4 million shares it owns in General Motors Co. to Goldman, Sachs & Co., an investment unit of the Canadian government said. Following the sale, the Canadian government will have sold all of...

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