Advert

Business

  • FIMBank reaches 2-year high

    The share index recovered some of yesterday’s losses as it bounced back by 0.25 per cent to 4,566.103 points on improved trading activity amounting to €267,000. Most notably, FIMBank advanced 1.3 per cent to a fresh two-year high of 77c5US across...

  • BMW Q1 results and outlook

    BMW Q1 results and outlook

    BMW reported its first quarter 2016 earnings this week. The main highlights were as follows; Revenue Revenues in the first quarter fell 8.8 per cent year on year despite BMW selling 5.9 per cent more cars than in the first quarter of 2015. The...

  • Brexit could ‘loom large’ over June policy meeting – Fed

    Brexit could ‘loom large’ over June policy meeting – Fed

    Atlanta Federal Reserve president Dennis Lockhart said that Britain’s vote on whether to stay in the European Union could “loom large” as the US central bank contemplates whether to raise interest rates at its next policy meeting. “Brexit could be...

  • EU bank watchdog calls for more capital transparency

    Greater disclosure of all the capital requirements faced by banks would reinforce financial stability and reassure investors no hidden dangers lurk on balance sheets, a top European Union banking regulator said yesterday. Andrea Enria, chairman of...

  • Crowdfunding potential growing

    Crowdfunding remains relatively small but is developing rapidly and, if appropriately regulated, it has the potential to be a key source of financing for SMEs over the long term, the European Commission has found. The European Commission has...

  • EU’s highest court upholds restrictive new law on cigarettes

    EU’s highest court upholds restrictive new law on cigarettes

    Europe’s highest court yesteday upheld a tough EU law on standardising cigarette packaging and banning advertising of e-cigarettes, paving the way for its adoption this month. The EU Court of Justice’s rejection of a legal challenge brought by...

  • Markets retreat for second day over growth worries

    Global equity markets fell for a second straight day yesterday on mostly weak economic data and metals prices slipped on renewed signs of a downturn in global growth. Lacklustre manufacturing data from around the world sparked the selling, notably...

  • Shipping movements

    The following ships will be calling at Malta this week: The Elbella from Mersin to Alexandria, the CMA CGM Manet from Algeciras to Livorno, the Janina from drydocking to Tunis, the CMA CGM Callisto from Djibouti to Valencia (all CMA CGM Malta...

  • State guarantees should be capped

    State guarantees should be capped

    Government guarantees should be capped and anything over the threshold should need parliamentary approval, the Fiscal Advisory Council has recommended. The chairman of the council, Rene Saliba, said that the outstanding level of government...

  • Partners sought for EU integration effort

    Partners sought for EU integration effort

    Eurochambres is hoping to rein in more partners for an EU-wide effort to integrate refugees, seeing them not as a challenge to society and the business community – but an opportunity to fill skills gaps. President Arnaldo Abruzzini, speaking to...

  • Financial services catching up on traders

    Financial and insurance services companies make up 15.6 per cent of the 87,971 companies registered on the island, rapidly catching up with wholesale and retail trade activities which accounted for 20 per cent in 2015. The past five years have...

  • A share in success

    A share in success

    Bank of Valletta reported a pre-tax interim profit of €68.5 million but reduced its dividend payout to 22 per cent post-tax. Chief executive officer Mario Mallia explained to Vanessa Macdonald that the profit had to be seen in the long-term...

  • Friedman forgotten?

    Friedman forgotten?

    Suppose there were a world with stable prices in which a cup of coffee costs the same next year as it costs today. Would that be a bad world, a world without a future? Your father and grandfather told you to save money for a rainy day. To make...

  • Office, sweet office

    Office, sweet office

    It used to be so simple. You went to work, took the cover off your typewriter, spent eight hours wheeling and dealing, and went home. Now, work and home are interchangeable, typewriters have been replaced by leased computers using apps in the...

  • Keeping tabs on taxes

    Keeping tabs on taxes

    After the sovereign debt crisis, it was clear that member states had to get their public finances in order. Strengthening governance in fiscal policy was a priority and new legislation mandated the setting up a fiscal council in each member state...

  • Property market is booming

    Property market is booming

    The property market is booming, as is evidently clear from the amount of cranes and real estate agent boards. In 2015, over €2 billion worth of property was sold, representing 15,557 contracts. This is an increase of 35 per cent in just two...

  • On course for yachting

    It is hard to believe that, just two decades ago, the two political parties were arguing heatedly about plans for the Cottonera waterfront which had highlighted the need for a comprehensive vision for the area – as well as a proper understanding...

  • Closing the loop of the circular economy

    Business and industry have customarily followed an economic model built on the premise of ‘take, make, consume and dispose’. When goods wear out or are no longer desired, they are often discarded as waste. Such linear models assume that raw...

  • TBWA boosts its ranks

    TBWA boosts its ranks

    Fiorella Ellul has joined TBWA-ANG as its general manager, using her extensive experience with Microsoft, Alliance Trust and BMH Group to help her focus on operations and account management. Ms Ellul will assume responsibility for the day-to-day...

  • New director general at Customs

    New director general at Customs

    Joseph Chetcuti has been appointed as the new director general of Customs, within the Ministry for Finance. Prior to this new post, Mr Chetcuti held the position of director of excise, increasing the revenue of the Excise Directorate by 60 per...