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  • Fitch: US 'AAA' rating at risk if debt ceiling not raised

    Fitch: US 'AAA' rating at risk if debt ceiling not raised

    Credit ratings agency Fitch Ratings today said a failure by US officials to raise the federal debt ceiling in a timely manner would prompt it to review the US sovereign rating, "with potentially negative implications." Fitch, which currently...

  • HSBC and Tigne’ Mall drag the index lower

    HSBC and Tigne’ Mall drag the index lower

    The MSE Share Index extended yesterday’s decline of 0.52% by a further 0.05% to a one-week low of 4,665.943 points, mainly reflecting the 1% drop in the share price of HSBC. Coupled with the negative performance of Tigne’ Mall, these two equities...

  • ECB faces gaps in understanding new realities - Draghi

    ECB faces gaps in understanding new realities - Draghi

    Unconventional monetary policy is a success, but gaps in understanding the relatively new tools remain, European Central Bank President Mario Draghi said today, cautioning against hasty policy responses to the new reality. Emphasizing the need for...

  • 100 entries and counting for energy sector start-up competition

    100 entries and counting for energy sector start-up competition

    More than 100 energy sector start-ups have signed up for a competition to access up to €150,000 in funding and professional expertise to get their business off the ground. PowerUp! by InnoEnergy is central Europe's largest competition for...

  • Ferrari unveils its new entry-level model

    Ferrari unveils its new entry-level model

    Italian luxury sportscar maker Ferrari today unveiled the Ferrari Portofino, its new entry level model that will replace the California. The Portofino, named after a picturesque village on the Italian coastline, will be powered by an eight...

  • Water as your alternative

    Ever asked yourself what life would be like without the basic needs? Water, food and oxygen are all natural luxuries we take for granted, yet what happens when one of these becomes scarce? Whilst oxygen and debatably food are well in abundance for...

  • Restricted online selling of luxury products legal

    It is legal for a manufacturer of luxury goods to prohibit its authorised retailers from selling its products on third-party platforms such as Amazon or eBay, Advocate General Wahl has recently opined. Such a prohibition is intended to preserve...

  • APS Bank names new heads of support, business solutions

    APS Bank names new heads of support, business solutions

    As its management restructuring continues, APS Bank has just named its new head of support and head of business solutions. Alexander Camilleri, formerly the senior manager for the support department, was promoted to head of support as from July...

  • VW in no hurry to sell assets, investments more important

    VW in no hurry to sell assets, investments more important

    Volkswagen is more focused on its multi-billion-euro shift towards electric vehicles and transport services than any potential sale of motorcycle brand Ducati or transmissions maker Renk, its head of strategy told Reuters. Analysts and bankers...

  • China’s ‘big four’ banks raise billions for Belt and Road deals – sources

    China’s ‘big four’ banks raise billions for Belt and Road deals – sources

    China’s largest state-owned commercial banks are raising tens of billions of dollars to fund the country’s Belt and Road investment push, according to people familiar with the matter, bolstering Beijing’s ambitions as private capital pulls...

  • Stocks rise with commodities, metals, dollar

    Stocks around the globe headed upward yesterday, with European bourses breaking a three-day losing streak, boosted by rising commodity and metals prices and US stocks underpinned by bargain hunting. London copper rose to a three-year high, zinc...

  • FIMBank share price slumps 6.1%

    FIMBank share price slumps 6.1%

    Following yesterday’s marginal gain of 0.09%, the MSE Share Index dropped by 0.52% to a near one-week low of 4,668.452 points today, reflecting the 6.1% decline in the share price of FIMBank as well as the losses in three of the larger companies...

  • Lidl become UK's No. 7 supermarket

    Lidl  become UK's No. 7 supermarket

    Discounter Lidl has increased its UK grocery market share to a record high of 5.2%, overtaking Waitrose to become the country's seventh largest supermarket, industry data showed today. Market researcher Kantar Worldpanel said Lidl's sales rose...

  • Portfolio management, risk management and asset correlations

    Portfolio management, risk management and asset correlations

    We have all heard about the risk-reward trade-off or risk-adjusted returns. Understanding and managing portfolio and investment risks within an investor’s basket of investments is paramount in ensuring returns commensurate with the risks being...

  • Foreign affairs and trade promotion: why?

    Integrating trade promotion into our country’s foreign affairs ministry for the very first time, after the last general election victory, was logical. The last term in government saw our missions overseas, plus non-resident ambassadors build on...

  • Total boosts North Sea business with $7.5bn Maersk Oil deal

    Total boosts North Sea business with $7.5bn Maersk Oil deal

    Total is buying Maersk’s oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. For Danish company A.P. Moller Maersk, the sale of Maersk...

  • Hong Kong property investors go trophy hunting in London

    Hong Kong property investors go trophy hunting in London

    Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channelled through Hong Kong at a time of heightened political uncertainty in the former British...

  • China’s Great Wall confirms interest in Fiat Chrysler

    China’s Great Wall confirms interest in Fiat Chrysler

    China’s Great Wall Motor Co. Ltd is interested in bidding for Fiat Chrysler Automobiles, a company official said yesterday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands. There has been speculation...

  • Metals shine as stocks struggle near 5½-week low

    World stocks struggled at a five-and-a-half-week low yesterday, though metals dazzled with zinc at its highest in a decade, copper hitting a nearly three-year high and iron ore’s gains in the last three sessions stretching to nearly 15 per...

  • Money market report for the week ending August 18

    On August 11, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on August 14 and attracted bids from euro area eligible counterparties of €4.81 billion, €0.22 billion higher than the bid...