Business
-
Restrictions over providing services
National authorities may invoke the fight against money laundering and terrorist financing as a justified objective which warrants restrictions on the fundamental freedom to provide services enjoyed by every EU citizen and legal entity. Such...
-
Regulator mulls setting rules for Bitcoin
The top US derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, an official at the agency said. Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission, said he had...
-
Fimbank plc appoints head of SCF in London
Michael Marnell has joined Fimbank plc as senior vice president, head of structured commodity finance. He joins from Mizuho Corporate Bank, where he served as head of trade finance solutions EMEA in the global trade finance department. He will be...
-
The big picture on MGS
The Government of Malta last week announced a new issue of €100 million worth of government stocks split between two existing instruments, namely the three per cent MGS 2019, and 4.5 per cent MGS 2028. It also reserved the right to increase the...
-
HSBC to lay off 14,000 employees
HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as Europe’s largest bank seeks to drive earnings and dividend growth in the face of muted revenue. London-headquartered HSBC is seeking up to $3 billion in...
-
It is time for a renewed national ICT Industry Policy Framework
Malta’s information and communications technology (ICT) industry has experienced substantial growth, which, to a degree, mirrors similar trends elsewhere since 1990. Today, the sector is said to contribute some five per cent of GDP. Historically,...
-
EC seeks views on internet, TV
Millions of Europeans catch up with their favourite TV series on a smartphone on the way to work, watch online content on their living room TV, or put their own user-generated content online. There are more than 40.4 million “connected TVs” in...
-
GBP starts week on a weaker note
Towards the end of last week, the Bank of England left interest rates unchanged and left the Asset Purchases Target at £375 billion, as was widely expected. Actually the pound has enjoyed some better than expected data over the course of the last...
-
Bank of England offers ray of hope for UK economy
Britain’s central bank lifted a bit of the gloom hanging over the economy yesterday, delivering a slightly improved outlook for inflation and growth for the first time since the financial crisis erupted. Bank of England Governor Mervyn King,...
-
Family businesses are facing challenging times
Much has been said and written over the last few years on the challenges facing businesses in the local and international arena, particularly in the context of the challenges that the global economy has been facing. Although the local economy has...
-
RS2 Software share price regains its all-time high
The equity of RS2 Software plc traded back up to its all-time high of €1.04 during this morning’s session of the stock exchange on increased activity amounting to 68,163 shares. The company officially inaugurated its smart processing subsidiary...
-
Tourism authorities are more confident but wary of growth
Tourism authorities in Europe are confident that the industry will continue to grow but are keeping their eyes wide open to what is happening around them. That is the message that Petra Hedorfer, chief executive of the German National Tourist...
-
Airbus optimistic on A350 as profits rise
Airbus expressed growing optimism about the schedule for the keenly-awaited maiden flight of its A350 yesterday, amid speculation that its first new jet in almost a decade could debut before next month’s Paris air show. Scooping headlines at the...
-
US stocks resume rise
Wall Street stocks rose yesterday on hopes steady US growth will extend their stellar run, while the strengthening dollar curbed the appetite for oil and gold. Investors resumed purchases of stocks and other higher-return assets, reducing their...
-
Daily currency report
The case for an end to the Federal Reserve’s stimulus programme grew after data on US retail sales extended a run of forecast-beating US economic indicators in recent weeks, keeping the US dollar elevated near last week’s record highs. However, the...
-
MSE Share Index edges minimally higher
The MSE Share Index closed the day slightly higher at 3,367.968 points as the 2.5 per cent decline in the equity of GO plc was offset by gains in various equities including Bank of Valletta plc, Lombard Bank Malta plc, FIMBank plc and Crimsonwing...
-
Lloyds chairman stands down as government sale looms
Lloyds Banking Group plc chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multibillion pound government share sale. Bischoff, 72, has overseen a restructuring and...
-
Money market report for the week ended May 10
On Monday, May 6, 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 €110.29 billion, €5.28 billion higher...
-
European shares edge off peaks, banks are under pressure
European shares edged off five-year highs yesterday, with renewed concerns about ongoing problems facing banks sparking a wave of profit-taking in the second best-performing sector of the past month. An upcoming rights issues at Germany’s...
-
Daily currency report
The G7 gave Japan another thumbs up on its aggressive monetary easing policy, which has put extreme downward pressure on the Japanese yen, with leaders ending last week’s meeting with relatively soft communication on currency markets. Meanwhile, the...
Popular Stories
Vodafone Malta Foundation donates €3,600...
Building on existent tourism and...
Mapfre International HR director visits...
HSBC Malta recruits additional bank cashiers
Improving access to finance for SMEs
BOV Entrepreneur of the Year Awards
Business Flex from Go
Momentum growing for better public...
US dollar soars and stocks set new highs...
In Discussion
HSBC Malta recruits additional bank cashiers
Building on existent tourism and...
Vodafone Malta Foundation donates €3,600...
Mapfre International HR director visits...
Business Flex from Go
Improving access to finance for SMEs
Developing for growth
Momentum growing for better public...
Markets head higher as outlook improves
