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  • Volkswagen emissions case

    The Malta Competition and Consumer Affairs Authority (MCCAA) has been following attentively the developments of the Volkswagen emissions case from the very beginning. It has also been monitoring the actions Volkswagen Malta was taking regarding...

  • Banif to offer SME finance through EIF

    Banif to offer SME finance through EIF

    Banif Bank (Malta) Plc was selected by the European Investment Fund as a financial intermediary for the SME Initiative in Malta, offering a further €6 million of financial facilities. This is the second agreement with a financial intermediary in...

  • Italy and Russia are main target markets for training and education in Malta

    Italy and Russia have emerged as the most popular target markets for the training and education sector in Malta, while France was identified by most as an upcoming market. Germany and Brazil were also popular and promising markets. This resulted...

  • Energy efficiency scheme for local industry

    The Sustainable Energy and Water Conservation Unit and Malta Enterprise are launching an energy efficiency scheme for local industry. The scheme is intended to support the initial capital costs through a system of tax credits to improve the return...

  • Company briefs

    The Dizz Group, operator of clothing franchises such as Terranova, Liu Jo and Calliope, has announced the issue of an €8 million unsecured bond, following approval from the Malta Financial Services Authority.  The bonds carry an interest rate of...

  • MSE Index closes flat while turnover from activity drops

    Trading on the Malta Stock Exchange during this holiday shortened week saw the index close flat while turnover dropped by almost 42 per cent to €693k. Activity was spread across 14 equities of which seven closed in the red, four gained ground and...

  • Global stocks dip as Saudis do not expect deal

    A report late yesterday that Saudi Arabia did not expect a deal at talks by major crude exporters next week aimed at freezing output and reining in a global glut, affected world stock indexes which yesterday edged lower. The decline in world stock...

  • Oil prices fall as traders take profit after two days of strong rises

    Oil prices fall as traders take profit after two days of strong rises

    Oil prices fell yesterday, pulled down by a sell-off following two sessions of strong rises and on caution ahead of a gathering of Opec ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply. US West...

  • MSE share index extends gains on weak volumes

    MSE share index extends gains on weak volumes

    The MSE Share Index added to yesterday’s gains as it advanced by a further 0.15% to 4,425.529 points, reflecting the gains in five equities which outweighed the marginal decline in RS2. Trading activity across the equity market dropped to a value...

  • Bonds, their embedded option and the current scenario

    The term ‘embedded option’ within bonds might have no meaning for most retail investors, however its complexity should be appreciated and understood. Most investors believe that once they purchase a bond, interest will be paid annually or...

  • The European ideal

    The European Council meeting in Bratislava at the end of last week ended up in a stalemate. It simply left everyone dissatisfied and not an inch closer to addressing the economic problems of the EU as a whole and of the individual member states.

  • EU reviews ex-commissioner Kroes’s offshore directorship

    EU reviews ex-commissioner Kroes’s offshore directorship

    The European Commission said yesterday it was looking into whether to take action against former EU commissioner Neelie Kroes for failing to declare a directorship of an offshore firm in the Bahamas. Kroes, who was the Commission’s anti-trust...

  • Maersk Oil eyes Shell’s North Sea assets ahead of a planned spin-off

    AP Moller-Maersk is in talks to buy a portfolio of North Sea assets from Royal Dutch Shell as the Danish group considers adding scale to its oil and gas business ahead of a planned spin-off, banking sources said. Maersk yesterday announced a major...

  • Lloyd’s of London readying EU move

    Lloyd’s of London readying EU move

    The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its chairman said yesterday. Britain is...

  • PwC and Trade Malta to aid Asian initiatives

    PwC and Trade Malta to aid Asian initiatives

    The European Commission has mandated PwC EU Services to support EU Middle Market companies over the next five years to enter the Asian market, and PwC are cooperating with TradeMalta to make Maltese companies aware of this opportunity. EU...

  • Global stocks jump as Fed soothes nerves while bond prices go up

    World stock indexes jumped and the Nasdaq hit a record high yesterday while bonds rallied, a day after the Federal Reserve signalled an increasingly cautious approach to future US rate increases. The dollar fell to its lowest in a week against a...

  • RS2 lifts share index higher

    The share index edged up by a marginal 0.02 per cent to 4,418.845 points today as the small rebound in the share price of RS2 outweighed the declines in the three property-related companies, namely Malta Properties, Malita Investments and Plaza...

  • Free-market failure in healthcare

    In Malta it is often taken for granted that healthcare is provided to all, irrespective of financial ability. In many countries this has yet to be achieved. In the US, where healthcare is entirely privatised, the wealthiest 1 per cent have a life...

  • The future is today

    The future is today

    We are living in an increasingly dynamic, disruptive and digital world. The future, even the near one, will certainly not look like today. In this scenario, rarely has being ahead of the game been more valid advice. From our end, we at EY are...

  • OECD sees growth flounder as ‘globalisation grinds to a halt’

    OECD sees growth flounder as ‘globalisation grinds to a halt’

    Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalisation grinds to a halt, the OECD warned yesterday. Long a motor for the global economy, trade growth is set to lag growth...