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  • Mediterranean Bank Group is now Malta’s third largest bank with equity of €170 million

    Mediterranean Bank plc has become Malta’s third largest bank following the acquisition of Volksbank Malta which took the group’s shareholder equity up to €170 million. The group has now set up Mediterranean Corporate Bank...

  • More protection to copyright holders

    More protection to copyright holders

    Recently, the Maltese Parliament by virtue of Act XXIV passed an amendment to Article 298B of the Maltese Criminal Code (Chapter 9 of the Laws of Malta) which deals with copyright infringement. Copyright has for long been shrouded in a lot of...

  • Money market report for the week ended October 24

    On Monday, October 20, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €92.92 billion, €10.40 billion...

  • Lending to private sector falls again

    Lending to private sector falls again

    Lending to eurozone households and companies contracted for the 29th month in a row in September, although at a slightly slower pace, despite the European Central Bank stepping up its efforts to get credit flowing again and revive growth. Eurozone...

  • Europe’s bank test celebrations mask mounting challenges

    Investors were spared immediate pain on Sunday after the European Central Bank’s landmark banking health check did not force massive capital hikes among the eurozone’s top lenders. But the sector’s long-term attractiveness has been damaged by...

  • Oil and weak German data drag on stocks

    Global equity markets slipped yesterday, hit by weak German business sentiment and another decline in oil, while Brazil slumped after incumbent Dilma Rousseff narrowly won a second term over an opponent seen as more pro-business. Wall Street was...

  • Honda profit to rise but recalls cloud outlook

    Honda profit to rise but recalls cloud outlook

    Honda Motor Co. is likely to post its best July-September profit since the global financial crisis, but a slew of vehicle recalls threatens to delay the rollout of new models, crimping domestic market sales growth. Japan’s third-biggest car maker...

  • UBI is not studying tie-ups as Monte Paschi rumours swirl

    Italy’s fifth biggest lender UBI is not studying any possible merger with other Italian banks, the lender said yesterday after press reports fuelled speculation it might come to the rescue of troubled Monte dei Paschi di Siena. Results from a...

  • BOV leads positive day for local equities

    BOV leads positive day for local equities

    Following the publication of the European Central Bank’s Asset Quality Review (AQR) in conjunction with an EU-wide stress test which confirmed that the Tier 1 ratios of the two major local banks is above regulatory thresholds, their respective...

  • EU funding beyond 2014

    EU funding beyond 2014

    The EU Commission is currently working closely with member states to design how EU funds will be spent over the period 2014­-2020. These negotiations are taking place in the form of Partnership Agreements which map out the strategic priorities to...

  • Search for excellence in global education

    Search for excellence in global education

    As most Western economies struggle with sluggish economic growth, political leaders search for those factors that will give them competitive advantage so that when ‘normality’ returns their countries will be the first to benefit. Ask any economist...

  • New bank TSB picks up customers as third-quarter profits rise

    New British bank TSB said it was picking up nearly one in 10 of all new current accounts being opened in the UK and its third quarter profits jumped more than a quarter from the previous period. TSB, Britain’s seventh biggest lender after being...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Stjerneborg from Sfax to Tripoli, the Alexander Sibum from Bejaia, the Stadt Hameln from Durres to Taranto, the Connorth from La Goulette, the Coneast from Annaba (all Carmelo Caruana Co. Ltd), the...

  • BOV pares down its executive structure

    BOV pares down its executive structure

    Bank of Valletta has reduced the number of chief officers from 11 to just four in the first major shake-up since John Cassar White took over as chairman last year. The number of chiefs had been expanded in 2008 under former CEO Tonio Depasquale.

  • A tailor-made solution

    A tailor-made solution

    Crimsonwing delivered a customised Dynamics NAV Enterprise Resource Planning solution to Insignia Cards Limited, a financial institution and credit card issuer. The aim of this solution was to assist in Insignia’s day-to-day business...

  • Extra day to link MiGS and Battle of Malta

    Extra day to link MiGS and Battle of Malta

    The Malta iGaming Seminar (MiGS) and the Battle of Malta poker tournament are collaborating to organise an additional competition day to bridge the two events. The Battle of Malta poker tournament being organised by Poker­Listings ends on November...

  • Employee empowerment

    Employee empowerment

    What defines a learning organisation? A learning organisation is one which places focus and importance on the development of its employees. It is open to new methods and processes and is also concerned with seeing its employees grow both...

  • Video coding breakthrough by Maltese researcher

    Video coding breakthrough by Maltese researcher

    A Maltese researcher has worked out a way to make miniature cameras smaller and more efficient. Jeffrey Micallef, a postgraduate researcher at the Department of Communications and Computer Engineering at the University of Malta, has been trying to...

  • Bubble, toil and trouble

    Bubble, toil and trouble

    Friday, March 10, 2000 was a black day for technology companies. The Nasdaq stock exchange opened as usual at 9am but the outlook wasn’t looking good. In fact, stockbrokers were already expecting a disastrous day as in the preceding week, hundreds...

  • Livingstone to speak at gala dinner

    Livingstone to speak at gala dinner

    Former mayor of London Ken Livingstone (pictured) is the one of the main guest speakers at The Economist’s World in 2015 black-tie gala dinner to be held at the Hilton Malta on November 28. Mr Livingstone was mayor of London from 2000 to 2008.

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