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  • London traders brace for biggest night since ‘Black Wednesday’

    London traders brace for biggest night since ‘Black Wednesday’

    The world’s biggest banks, including Citi and Goldman Sachs, will draft in senior traders to work through the night following Britain’s referendum on EU membership, set to be among the most volatile 24 hours for markets in a quarter of a...

  • FIMBank shares rally by 8.3%

    The Malta Stock Exchange index added 0.39 per cent to the previous week’s positive performance to close at 4,459.93 points. Turnover amounted to €1.7 million as a total of 16 equities were active of which gainers and losers tallied at four while...

  • An aptitude for adventure

    An aptitude for adventure

    To keep our economy nimble and performing well, we should be brave and support tech start-ups, Bernard Agius says ahead of Zest conference What are tech start-ups and why are these important for Malta? Tech start-ups are companies that are born...

  • HSBC to pay $1.6bn to settle lawsuit

    A unit of HSBC Holdings Plc said it will pay $1.575 billion to end a 14-year-old shareholder class action lawsuit stemming from the Household International consumer finance business that the British bank bought in 2003. HSBC Finance Corp. expects...

  • Sterling and bond yields up as Brexit opinions shift

    Sterling and bond yields rose yesterday as traders tried to assess whether the killing of a pro-EU British lawmaker may change the balance of opinions in Britain’s impending referendum on European Union membership. After a tumultuous week, US...

  • Daily currency report

    The pound jumped sharply on Thursday, bouncing back from an aggressive slide towards multi-month lows against the US dollar as campaigning on the EU referendum was suspended. Campaigning was suspended and Thursday night’s Mansion House speeches...

  • Increased trading activity in IHI, FIMBank

    Following three consecutive sessions of increases, the share index eased marginally lower during this morning’s session to 4,459.930 points as the declines in BOV, MIA and Farsons were partially offset by gains in IHI and FIMBank. Overall, trading...

  • Venezuela-where are we heading?

    Venezuela-where are we heading?

    A few weeks ago I had pointed out that the situation in Venezuela has deteriorated remarkably, primarily in line with the current levels of oil prices, in addition to the current political turmoil. The political situation did worsen further as...

  • New skills for new jobs

    The EU Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen, was recently quoted saying that there were too many people stuck in a job that does not match their talent. She was making this point about the whole...

  • Unplugging from EU could set back UK’s energy investment

    A British vote to leave the EU next week would make UK energy infrastructure investment costlier and delay new projects at a time when the country needs to plug a looming electricity supply gap. Energy has been far from central to debates about...

  • Yen jumps as BoJ holds off easing as oil prices drop

    The yen jumped to its highest level in more than three years against the euro yesterday after the Bank of Japan refrained from further stimulus, while oil prices and bond yields tumbled ahead of next week’s British vote on EU membership. The drop...

  • Share Index registers 3-day positive streak

    The share index extended the gains of the past two trading sessions as it edged up by 0.25 per cent to a two-week high of 4,460.231 points. Trading activity remained subdued with only €0.16 million worth of shares changed hands today. Just over...

  • Brexit concerns

    Polls have never been perfect as evidenced by recent UK election forecasts. However, the trend that is developing as the Brexit vote approaches is evidently turning towards the ‘Out’ vote. And while neither camp is ready to commit themselves, the...

  • Making an offer that can’t be refused

    Making an offer that can’t be refused

    Nizar Bouguila, the CEO of Tunisie Telecom (TT), told Vanessa Macdonald that it wants Maltese shareholders to stay on board, rather than to take up its offer of €2.87 per share. Why would the Emirates International Telecommunications (EIT) want to...

  • Arkadia doubling payback period for Suq tal-Belt

    Arkadia doubling payback period for Suq tal-Belt

    The shareholders of Arkadia Marketing Ltd, the fully-owned subsidiary of the Mizzi Organisation which won the Suq tal-Belt concession, has opted to double the normal project payback period of around six years. This is partly the result of...

  • The genie in the bottle

    The genie in the bottle

    ­­­Investors are chasing vanishing yields at a time when even German bunds have gone into negative territory for the first time. No wonder then that new asset classes are gaining in popularity – although ‘new’ is perhaps not the right word to...

  • In defence of accountants

    In defence of accountants

    The accountancy and auditing professions have been in the public eye over the past few years, as scandals and bankruptcies raised questions – many of them misguided – over their role in preventing them. As the release of the Panama Papers raised...

  • Accepting a helping hand

    Accepting a helping hand

    Kristoff Zammit Ciantar stops midway through a sentence, chuckles and corrects himself: “Did I say Infusion again? I meant Aqubix.” His mistake is easy to understand. For eight years, he and his colleague Ivan Bonello have lived and breathed...

  • 75% of fund administrators are local

    Around 75 per cent of the administrators for Malta-domiciled funds are local – even though it is not mandatory for them to be Malta-based, according to Kenneth Farrugia, the chairman of the Malta Funds Industry Association. He was explaining how...

  • A post-Brexit world

    The problem with any referendum is that both camps focus on the immediate outcome, with supporters thinking in black and white – or in this case ‘stay’ or ‘leave’. It is hard to believe that by the time the next Business Observer is out that the...