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Business

  • G20 ministers give Mnuchin space to outline Trump’s trade agenda

    G20 ministers give Mnuchin space to outline Trump’s trade agenda

    Wary of their first official encounter with US President Donald Trump’s blustery trade agenda, the world’s top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend. But they...

  • Saudi king’s Asia tour trumpets Aramco’s moves downstream

    Saudi king’s Asia tour trumpets Aramco’s moves downstream

    Saudi King Salman’s lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission – to cement the kingdom’s place as leading oil supplier to the world’s biggest consumer...

  • China considers ways to speed up time to market for imported drugs

    China is considering taking measures that will shorten the time to market for approved imported drugs in an effort to ease a shortage of such medicines, according to the China Food and Drug Administration (CFDA). The proposed changes to current...

  • Vodafone, Idea Cellular to merge and create new Indian market leader

    Vodafone, Idea Cellular to merge and create new Indian market leader

    Britain’s Vodafone Group and Idea Cellular agreed yesterday to merge their Indian operations to create the country’s biggest telecoms business in a bid to contest a brutal price war sparked by new rival Reliance. The combined Vodafone-Idea group...

  • Trade protectionism worry drags on stocks, dollar at six-week low

    US and European stock markets were little changed yesterday amid investor concerns as world financial leaders at a G20 meeting dropped a pledge to keep global trade free and open, while the dollar hit a six-week low on worries over a dovish...

  • Money market report for the week ended March 17

    On March 13, 2017, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on March 14 and attracted bids from euro area eligible counterparties of €26.51 billion, €2.63 billion higher than the...

  • MSE Share Index posts 3-day negative streak

    MSE Share Index posts 3-day negative streak

    Following the declines in the previous two trading sessions, the MSE Share Index kicked-off the week also in negative territory as it slipped by a further 0.05% to a near six-week low of 4,712.679 points. The declines in the share prices of BOV,...

  • Ed Sheeran joins stars in call for boycott of 'emotional blackmail' ticket sites

    Ed Sheeran joins stars in call for boycott of 'emotional blackmail' ticket sites

    Ed Sheeran has backed a campaign urging fans to reject the "emotional blackmail" of websites selling gig tickets at inflated prices. The musicians have endorsed a new guide published by campaign organisation The FanFair Alliance in UK, which...

  • The European banking sector's potential

    The European banking sector has been under significant pressure in the past few years due to low interest rates, a series of massive fines and a European economy that has lagged. The view that Eurozone interest rates will start to trend upwards...

  • Dolores Sammut Bonnici elected president of the Malta Employers’ Association

    Dolores Sammut Bonnici elected president of the Malta Employers’ Association

    Dolores Sammut Bonnici has been appointed president of the Malta Employers' Association. She takes over from Arthur Muscat, who served as president for the last four years. Ms Sammut Bonnici is managing director and co-proprietor of Green Skip...

  • Investing in financial services operators

    Investing in financial services operators

    During 2017, a number of local companies will be seeking to raise capital as the end of exceptionally low interest rates becomes more imminent. Hard pressed investors have suffered in the low interest rate regime over the last few years as they...

  • Halfway into this year’s oil supply cut, Asia remains awash with fuel

    Halfway into this year’s oil supply cut, Asia remains awash with fuel

    Halfway into an Opec-led oil supply cut, Asia remains awash with fuel in a sign that the group’s efforts to rein in a global glut have so far had little effect. The Organisation of the Petroleum Exporting Countries (Opec) and other suppliers...

  • ­­­Shipping movements

    These ships are expected in Malta: The Maersk Regensburg from Algiers to Annaba (Thomas Smith Shipping Ltd), the MV Euroferry Malta from Salerno to Salerno, the MV Eurocargo Venezia from Genoa to Catania (both Sullivan Maritime) and the La Superba...

  • Towers of Babel

    Towers of Babel

    In my previous article ‘Killing the goose’, (The Sunday Times of Malta, December 25, 2016-January 1, 2017), I had argued that the lack of a long-term plan based upon what the Maltese citizens want their country to look like 50 years from now...

  • US financial firms embrace cloud, ‘fat fingers’ notwithstanding

    US financial firms embrace cloud, ‘fat fingers’ notwithstanding

    Only two years ago, an outage similar to the one that struck Amazon’s cloud services last month would have reinforced US financial firms’ view that shifting data and systems onto the public cloud was just too risky. The fact that the February 28...

  • GO appoints new CEO

    GO appoints new CEO

    GO has appointed Attila Keszeg as chief executive officer of the company with effect from June 1. Prior to his appointment with GO, Mr Keszeg held the position of senior vice president commercial at Deutsche Telekom AG, with responsibility for the...

  • Insurers advised of rising challenges

    A breakfast briefing held recently has underlined some major up­coming changes in key insurance markets that will have an impact on Maltese individuals and companies. These include the rising competition for local talent and the impact of...

  • Poland aims to win Brexit banking jobs

    As Britain prepares to leave the EU, the country hoping to win the most jobs from London’s financial centre isn’t Germany or France, but Poland. While the likes of Frankfurt and Paris are competing for top investment bankers after Brexit, Poland...

  • High satisfaction rating for BOV investment centres

    BOV customers have expressed their confidence in BOV’s investment centres, according to Aldo Scardino, the bank’s executive head of wealth management. Mr Scardino was quoting from survey results of BOV’s six investment centres. This year marks the...

  • MSE index loses further ground

    MSE index loses further ground

    In the equity market, the Malta Stock Exchange (MSE) index continued to lose ground for the second week running, as it closed 0.61 per cent lower at 4,715.17 points. Despite experiencing a mid-week appreciation, the MSE index closed on Friday at a...