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  • Beneficial ownership disclosure: when private becomes public

    Beneficial ownership disclosure: when private becomes public

    The most controversial part of the Fourth Anti-Money Laundering Directive (4th AMLD) is probably going to be the Register of Beneficial Ownership. The controversy arises since certain information which is considered private and which legitimately...

  • Money market report for the week ended August 21

    On Monday, August 17, the European Central Bank announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, August 18, and attracted bids from euro area eligible counterparties of €69.56 billion, €0.11 billion...

  • Oil hits fresh 6½-year low on China

    Oil hits fresh 6½-year low on China

    Oil prices fell more than four per cent to fresh six-and-half-year lows yesterday after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil...

  • Shell eyes Iran to pay debt when sanctions end

    Shell eyes Iran to pay debt when sanctions end

    Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted, and will consider investing in the country’s vast energy sector, Shell’s boss for new business has said. Much would depend...

  • US stocks stabilise as China stock dip hits world markets

    World stock markets plunged yesterday after a near-nine per cent dive in China shares, but commodities and the dollar pared losses and US stocks staged a striking comeback in a volatile session after European markets closed. After dropping more...

  • EU attempts to clear ‘fog of confusion’ over US trade pact

    EU attempts to clear ‘fog of confusion’ over US trade pact

    The European Commission will publish detailed reports on its negotiations with the United States to forge the world’s biggest trade pact, EU trade chief Cecilia Malmstrom said, responding to criticism that the talks have been shrouded in...

  • High trading activity across bank shares

    High trading activity across bank shares

    The MSE Share Index edged 0.1% higher to 4,201.197 points as the positive movements of various equities offset the declines in the share prices of Bank of Valletta plc, GO plc and Tigné Mall plc. The equity of Bank of Valletta plc retreated by...

  • Drawdown or Rebound – What’s next for equity markets?

    Many investors are concerned about the recent drawdown in equity markets. I must admit watching the DAX lose 12% from its highest point in June is not a pretty sight but nor is it a reason to panic and head for the exit.  Here are my reasons...

  • Waging war in the currency markets

    Waging war in the currency markets

    Most of us only bother about exchange rates when we travel to countries whose currency is not the euro or when we buy things online that are priced in US dollar or in sterling. In most cases such mundane issues are all that matter. Tourists from...

  • Get used to cheap oil, derivatives markets say

    Get used to cheap oil, derivatives markets say

    Oil prices will stay low for years to come, derivatives markets say, keeping a lid on inflation and helping boost global growth. Oil has more than halved in value over the last year, thanks to huge oversupply, and many oil companies, particularly...

  • Eurozone business growth accelerates in August – PMI

    Eurozone business growth unexpectedly accelerated this month as steeper price cutting drove an increase in new orders and led to firms building up a bigger backlog of work, a survey showed. The relatively upbeat survey, one of the earliest monthly...

  • ­­­Shipping movements

    The following ships are expected in Malta: The El Toro from Bejaia (CMA CGM Malta Agency Ltd), the MV Eurocargo Cagliari from Salerno to Salerno, the MV Eurocargo Venezia from Genoa to Genoa (both Sullivan Maritime), the Maersk Funchal from...

  • ST reports $26m losses

    ST reports $26m losses

    ST Microelectronics, one of Malta’s leading exporters, re­ported a loss of $26 million (€23m) in 2014, a dramatic result for a company that reported a profit of $145 million (€127m) in 2011. In 2012, the company’s profits fell to $129 million...

  • Constituted bodies to choose maternity leave delegates

    Constituted bodies to choose maternity leave delegates

    The three trustees representing the employer bodies will be agreed upon between the constituted bodies, the Finance Ministry has confirmed. “It is up to the employer bodies to decide on how to nomi­nate their representatives. The same applies to...

  • Austrian to launch marketing website

    An Austrian entrepreneur is setting up a website that amalgamates various tools to help retailers, from acting as a directory, to special offers and discount schemes. MyCard.com.mt took six months to create and is currently signing up its first...

  • Two billionaires among 35 ultra-rich expatriates

    Two billionaires among 35 ultra-rich expatriates

    There are two billionaires among the 35 ultra-high-net-worth expatriates with property in Malta. The average net worth of these expatriates was €140 million, according to a Wealth X survey. Ultra-high-net was designed as assets worth more than €27...

  • The daily wail

    In his book The Internet Is Not The Answer (Atlantic Books, 2015), Andrew Keen says that Eric Schmidt, the chairman of Google, and the company’s founders Larry Page and Sergey Brin, have six planes at their disposal. One of them, strangely enough,...

  • MIA invests in detection technology

    Malta International Airport has invested in state-of-the-art technology to improve the security screening procedure in compliance with fresh EU regulations. As from September 1, passengers could have their hand luggage and electronic devices...

  • Full charge ahead

    Full charge ahead

    When, back in 2003, Tesla Motors co-founder Elon Musk said that he would prove that electric cars could provide instant torque, incredible power and zero emissions, almost everyone thought that the South African born inventor and investor had...

  • A Europe of rules or of masters and servants?

    A Europe of rules or of masters and servants?

    The marathon negotiation process leading to the third Greek bailout has exposed yet again the weakness of the institutional structures surrounding the euro and the fissures opening up within the whole European project. During the negotiations, it...