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  • Bank of America picks Dublin as EU hub post-Brexit

    Bank of America picks Dublin as EU hub post-Brexit

    Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday. International banks are planning to set up...

  • Outcome of yesterday’s ECB meeting

    Outcome of yesterday’s ECB meeting

    Investors’ attention was redirected to the European Central Bank (ECB) meeting yesterday. They speculated on whether ECB president Mario Draghi will hint on tapering of the quantitative easing program (QE) in place, giving the strong economic data...

  • More summer snippets

    As I wrote last week and for the coming few weeks, I shall be focusing on two or three different topics in the same contribution, keeping in mind the need to maintain things on a lighter vein in summer. Summer of love If you were to ask people my...

  • Optimism after profit slump propels shares

    Optimism after profit slump propels shares

    British retailer Sports Direct reported a 29 per cent slump in annual earnings, hurt by a weaker pound since the Brexit vote, but its shares soared on a forecast of growth this year and hopes management is finally getting its house in order. The...

  • Raising standards in maritime education

    Raising standards in maritime education

    The Malta Maritime Forum and the Institute of Chartered Shipbrokers have agreed to endorse their cooperation through the signing of a memorandum of understanding with the aim to promote mutual collaboration in professional maritime education,...

  • US bank card companies to seek licences to operate in China in months

    US bank card companies to seek licences to operate in China in months

    US-based payment card companies, including American Express, MasterCard and Visa, are preparing to submit licence requests to operate in China within months, according to three people with direct knowledge of the matter. The long wait for the US...

  • Draghi QE talk pushes euro to 14-month high

    The euro hit a 14-month high and world shares pushed to a record peak yesterday, as ECB head Mario Draghi said the bank would discuss the future of its two-trillion-euro stimulus programme at one of its next two meetings. The euro traded as high...

  • HSBC and MIA pull share index lower

    The share index posted a three-day negative streak as it declined by a further 0.24% to 4,719.097 points. Trading activity was spread across 11 equities: four moved lower, another four closed the day unchanged whilst only three shares posted gains.

  • Government spending up by 11.8% in May

    Government spending up by 11.8% in May

    Government spending shot up by 11.8 per cent in May, compared to May of 2016, according to the Central Bank’s July Economic update. The Central Bank said that this rise was driven by higher spending on programmes and initiatives, which was buoyed...

  • Tesla’s turnaround summer

    Tesla will start delivering the first of its Model 3 cars in the coming months. The Model 3 is Tesla's most important model to date since it is the first real mass market car to emerge from the auto company. Success for the Model will go a long...

  • Renewed volatility in MGS prices

    Renewed volatility in MGS prices

    On March 16, I had written an article entitled ‘MGS sell-off gathers momentum’ in which I had explained how the overall downward trend in the prices of Malta Government Stocks (MGSs) had persisted in the first few months of 2017 following the...

  • May seeks to ease Brexit fears at new business council

    Prime Minister Theresa May will chair a discussion on Brexit and the economy at the first meeting of a new business council today, a bid to rebuild bridges with companies concerned over Britain’s departure from the European Union. After losing the...

  • Research shows GO has fastest mobile network

    Research shows GO has fastest mobile network

    Research carried out by Net Check GmbH, a leading, independent German firm specialising in performance testing of mobile networks (www.netcheck.de), has conclusively shown that GO has the best mobile network in Malta. The research, conducted...

  • World stocks run win streak to nine days

    A gauge of global stocks climbed for a ninth straight session yesterday after a slew of corporate earnings reports in the United States and Europe, while the dollar bounced moderately off of 10-month lows. The S&P 500 and Nasdaq hit intraday...

  • Shipping movements

    These ships are expected in Malta: The Contship Max from Bejaia to Sousse, the Lady Massa from Tobruk to Tobruk, the CMA CGM Herodote from Skikda to Annaba (all CMA CGM Malta Agency Ltd), the MV Eurocargo Venezia from Genoa to Genoa (Sullivan...

  • Let’s talk tactics

    Let’s talk tactics

    Where to position yourself when equities are in a bull market and fixed income securities are at the end of a 30-year bull run? Well, theoretically the answers may be straight forward, yet, given weaker than expected economic data in the US, the...

  • Toshiba shares jump by almost a fifth after Greenlight stake, court hearing

    Toshiba Corp shares jumped by nearly a fifth on Tuesday after a US hedge fund said it had added a stake and the Japanese conglomerate avoided an immediate court injunction on a planned $18 billion sale of its chip business. Toshiba is scrambling...

  • UK lawmakers speak out on disclosing Toyota reassurances

    UK lawmakers speak out on disclosing Toyota reassurances

    The British government should disclose what post-Brexit reassurances it offered Japanese carmaker Toyota, ahead of a £240-million investment in its English car plant, two parliamentary committee heads said. On Friday, Reuters cited two sources...

  • Goldman’s bond trading revenue slumps 40 per cent

    Goldman’s bond trading revenue slumps 40 per cent

    Goldman Sachs Group Inc reported a 40 per cent slump in bond trading revenue, mirroring a broader weakness in trading activity that has plagued big US banks in the latest quarter. Goldman’s revenue from trading fixed income, currency and...

  • Lufthansa lifts profit target on bumper summer bookings

    Lufthansa lifts profit target on bumper summer bookings

    German airline Lufthansa increased its profit target for 2017 after a busy summer for bookings that has been boosted by demand on North American routes and a strong Germany economy. The airline now expects its full-year adjusted earnings before...