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  • What has contributed to recent sterling weakness?

    What has contributed to recent sterling weakness?

    Many Maltese investors who have exposure to the British pound as part of their overall investment portfolios may have noticed a sizeable decline in the value of sterling against the euro over recent months. The bull run since early 2009 from close...

  • Greener financing now possible with the BOV Eco Loan

    Following a recent update of its BOV Eco Loan, Bank of Valletta has made green financing broader. The BOV Eco Loan can now also be used to finance the purchase of new motor vehicles, as long as their CO2 emission levels are below 100g/km or...

  • Excellent turnout for Seabank Group’s recruitment day

    Excellent turnout for Seabank Group’s recruitment day

    Hundreds of applicants flocked to the recruitment open day organised by the Seabank Group, to find out about careers at db Seabank Resort, db San Antonio Hotel, db Catering + Events, Hard Rock Café, Tunnynet Complex, and Pearl Spas, in the wake of...

  • Ganado Advocates’ third annual Banking and Finance Law seminar

    Ganado Advocates’ third annual Banking and Finance Law seminar

    Ganado Advocates, in collaboration with the Malta Bankers’ Association, will be organising its third annual Banking and Finance Law seminar. Conrad Portanier, head of banking at Ganado Advocates, commented that the firm was very proud to have...

  • Fexserv Financial Services – growing better and stronger

    Fexserv Financial Services – growing better and stronger

    Fexserv Financial Services Ltd are enhancing a number of areas to better meet and serve all their clients, including a call centre facility with the latest technology. In addition, they are beefing up their Compliance and Security Department with...

  • Singapore’s New Silkroutes Group forms joint venture with New York-based CG Capital Partners

    Singapore Exchange-listed New Silkroutes Group Ltd (NSG) is teaming up with New York-based CG Capital Partners LLC (CG Capital) to offer fund management services, including sophisticated financial products and dedicated asset-class specific funds...

  • Legislation working for safer, cleaner cars

    Legislation working for safer, cleaner cars

    The authorisation process before car manufacturers can place new motor-vehicles on the EU market is set to undergo a radical overhaul if a law recently proposed by the European Commission is approved by the European Parliament and by the Council...

  • German industrial output plunges in December as exports also drop

    German industrial output plunges in December as exports also drop

    German industrial output plunged unexpectedly in December and exports and imports also fell, data showed yesterday, in a sign that Europe’s largest economy ended 2015 on a weak footing. Industrial output fell by 1.2 per cent on the month, the...

  • Nikkei posts biggest drop in three years as global growth fears hit banks

    Nikkei posts biggest drop in three years as global growth fears hit banks

    Japan’s Nikkei share average posted its biggest daily drop in nearly three years yesterday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board. The Nikkei ended 5.4 per cent lower at 16,085.44...

  • India sees higher growth even after economy loses steam

    India sees higher growth even after economy loses steam

    India’s economic growth slowed in the last quarter of 2015. Gross domestic product grew an annual 7.3 per cent in the October-December quarter, less than an upwardly revised 7.7 per cent in July-September. That rate of growth was faster than the...

  • Shares extend losses on fears over global growth and banks

    Stock indexes worldwide tumbled for the third straight session yesterday on fears of slowing global growth, with particular concern around the health of the banking sector, while benchmark US Treasury yields hit fresh one-year lows. The European...

  • Share index slides to 2-week low

    Yesterday’s rebound in the share index was short-lived as the local equity benchmark slipped by 0.38 per cent during this morning’s session to a fresh two-week low of 4,464.134 points largely due to the declines in BOV, HSBC and IHI. After holding...

  • The paranoia of buying bonds below par

    Family and friends came over to our place over the fun filled carnival weekend. The children were enthusiastic, playing and speaking about their costumes whilst the grownups gathered around the dining room table for some tea and biscuits, an ideal...

  • Iran wants euro payment for new and outstanding oil sales – source

    Iran wants euro payment for new and outstanding oil sales – source

    Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the US dollar following last month’s sanctions relief. A...

  • Peugeot to pay $446 million compensation for sanctions move

    French car-maker PSA Peugeot Citroen will pay Iran over €400 million in compensation for losses after it quit the country due to sanctions, the managing director of the country’s largest carmaker said. Peugeot, the biggest-selling European...

  • Money market report for the week ended February 5

    On Monday, February 1, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted the following day and attracted bids from euro area eligible counterparties of €61.23 billion, €7.74 billion...

  • UniCredit shareholder says bank may need management change

    An influential shareholder in Italy’s biggest bank by assets, UniCredit, said yesterday the lender may need a change of management as chief executive Federico Ghizzoni battles to retain investors’ confidence. Leonardo Del Vecchio, a veteran...

  • Oil prices slide, supply overhang now in focus

    Oil prices slide, supply overhang now in focus

    Crude oil prices fell yesterday because of lingering concerns over a supply overhang and after a Saudi-Venezuela meeting showed few signs that steps would be taken to boost prices. Global benchmark Brent futures were down 68 cents at $33.38 at...

  • Shares fall on global growth concerns

    Stock indexes worldwide tumbled yesterday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for...

  • BOV and GO lift MSE Share Index

    BOV and GO lift MSE Share Index

    After trending in negative territory for the past two weeks, the MSE Share Index edged 0.3% higher during this morning’s session to 4,481.364 points largely due to the positive movements in the share prices of BOV and GO. Bank of Valletta plc...