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  • Greek optimism about imminent deal is not justified – Schaeuble

    Greek optimism about imminent deal is not justified – Schaeuble

    German Finance Minister Wolfgang Schaeuble said the Greek government’s optimism about clinching a cash-for-reforms deal with its lenders in days was not backed up by negotiations and he could not rule out Greece becoming insolvent. Greek Prime...

  • Stocks rise as investors look past mixed data and oil jumps

    Equity markets inched ahead yesterday, with investors brushing aside mixed economic data in Europe and the United States, while the dollar slipped after a three-day rally and US Treasury yields declined. Oil prices rallied almost three per cent,...

  • Company briefs

    HSBC Bank’s commitment to gender diversity has earned it a spot in the global ‘The Times Top 50 Employers for Women 2015’. The UK newspaper recognised HSBC for prioritising gender diversity in its business strategy, according to the annual list...

  • Share index hits 2-week high

    The share index moved back into positive territory with a 0.2 per cent increase to reach a new two-week high of 3,791.012 points largely driven by the 1.6 per cent rebound in the share price of HSBC as it regained the €1.83 level across 11 deals...

  • Calamatta Cuschieri open new branch in Sliema

    Calamatta Cuschieri have opened a new branch in Tower Road, Sliema. The new branch offers a full range of financial services including investment advice, savings plans, retirement planning, wealth management and online trading. Investment Services...

  • The European Equity Investments: Expectations and Strategy

    The European equity market has gained 16.5 percent year-to-date, making this asset class one of the best performers this year. The performance comes at the back of an ECB Quantitative Easing (QE) policy, subsequent currency adjustments, a...

  • Opposing reviews for shop scheme

    Opposing reviews for shop scheme

    A scheme to give Valletta shop tenants stronger title over properties currently leased from the government has received opposing reviews from two business associations in the capital. The Republic Street Business Community Association believes...

  • Dairy sector facing fresh challenges

    Dairy sector facing fresh challenges

    The €57 million investment in the dairy sector has helped it to survive the changes brought about by EU membership, but it now faces new risks that investment alone might not smooth over. A study by Philip von Brockdorff and Gaetano Buttigieg for...

  • Local R&D unit solves UK hospital problem

    Local R&D unit solves UK hospital problem

    It may not be immediately clear why a local IT software company could clinch a major deal because hospitals in the UK are trying to save money... Even when you find out that one of the ways hospitals are doing this is by installing double...

  • New marina blows life into yachting sector

    New marina blows life into yachting sector

    The construction of a new marina at Sa Maison is being eagerly anticipated by stakeholders in the yachting sector, who believe that it will stimulate demand for boats as well as for all the services and products they require. For years, the lack...

  • Reporting changes may improve property statistics

    Reporting changes may improve property statistics

    Property statistics should become far more useful to policymakers in the coming months, thanks to various changes being made to improve the way they are collected. As of July 1, the purchaser will need to fill in a form listing additional details...

  • Common Reporting Standards – another challenge for bank reporting

    Common Reporting Standards – another challenge for bank reporting

    The introduction of Common Reporting Standards (CRS) by the end of this year could be one of the biggest challenges that Malta – like various other EU jurisdictions – is going to face, Sparkasse managing director Paul Mifsud believes. The CRS are...

  • ‘Precarious’ future for shop tenants

    Business thrives on competition and competition thrives on level playing fields. Alas, the situation with regard to shops in Valletta is about as level as the Alps. The lucky ones are the shop owners who have their own premises as they have...

  • The Family Business Act: from a dream to reality?

    The Family Business Act: from a dream to reality?

    In 2011, the Malta Association of Family Enterprises (MAFE) was set up with the objective of acting as a lobby group to actively raise awareness on the importance of family businesses to the Maltese economy. The resilience of family enterprises...

  • Public finances on the mend

    Public finances on the mend

    The European Commission’s recommendation to lift the excessive deficit procedure is evidence that Malta’s public finances are back on track. It also signifies that the requirements of the stability and growth pact are practically being met. There...

  • Greece cannot make June 5 IMF payment ‘without deal with international leaders’

    Greece will not be able to make a payment to the International Monetary Fund that falls due on June 5 without a deal with its international lenders, the government’s parliamentary speaker said yesterday. Athens faces several payments, totalling...

  • President for IFSP

    President for IFSP

    Juanita Bencini, a partner at KPMG, was elected president of the Institute of Financial Services Practitioners. This is the first time the institute has been headed by a woman in its 26-year history. Other officers appointed to council include...

  • Investment banks’ revenue rises 9% in first quarter

    Revenue at the world’s 10 largest investment banks rose nine per cent to $44.9 billion in the first quarter compared to a year ago, as financial market volatility and central bank stimulus measures boosted profits, a survey showed...

  • New head for CILT

    Miriam Camilleri is the new chairman of the Chartered Institute of Logistics & Transport Malta. Ms Camilleri has considerable experience and involvement in the transport industry and has been part of the institute for several years, including as...

  • UBS to pay $545m over forex scandal as rivals await fate

    UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals. The amount was lower than expected and this...