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  • Politics and economics should not mix

    The title of this week’s contribution may induce you to have a second and third look. However, we need to remember that we are in the midst of the silly season. So anything that may sound odd may eventually make sense after all. The title looks...

  • Air Berlin aims for asset sales to at least two buyers by end September – CEO

    Air Berlin aims for asset sales to at least two buyers by end September – CEO

    Insolvent German airline Air Berlin aims to strike deals to sell assets to two or more buyers by the end of September, before a government loan keeping its planes in the air runs out, its chief executive said. The group is in talks with a total of...

  • Businesses have not changed strategic planning due to Brexit

    Businesses have not changed strategic planning due to Brexit

    A majority of businesses are yet to change their strategic planning due to Britain’s decision to leave the European Union, a survey of chief financial officers showed. Big businesses were vocal in the run-up to the referendum in June 2016 that a...

  • Egypt’s first bitcoin exchange to begin trading this month

    Egypt’s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East’s most populous country with a cryptocurrency that has surged in value in recent months. Many governments around the world...

  • Cautious tone from central banks sends global stocks lower

    Global stocks fell yesterday as investors trimmed their exposure to riskier assets after central bank minutes revealed a wary take on the economic outlook from rate-setters on both sides of the Atlantic. The European Central Bank expressed caution...

  • Maiden results from PG plc

    Maiden results from PG plc

    On May 4, the shares of PG plc began trading on the Official List of the Malta Stock Exchange following an initial public offering (IPO) in which executive deputy chairman Paul Gauci disposed of 27 million shares at €1 each, representing 25 per...

  • Trump’s ‘America First’ agenda looms large

    Trump’s ‘America First’ agenda looms large

    As the US, Canada and Mexico kicked off negotiations yesterday to modernise the North American Free Trade Agreement, the biggest uncertainty is whether a deal can pass President Donald Trump’s “America First” test. Trump has blamed Nafta for...

  • Cracking down on ‘black’ money, India steps up scrutiny of shell firms

    When India’s Prime Minister Narendra Modi banned high-denomination currency bills in a surprise move late last year, authorities noticed a surge in shell companies depositing cash in banks, seemingly in a bid to hide who owned that wealth. The...

  • Miners lift European shares on metals prices, eurozone growth

    Miners and oil stocks led Europe's major share indexes higher yesterday on the back of higher metals prices and improved eurozone GDP figures. The pan-European STOXX 600 ended the session 0.7 per cent higher, its third day of gains after a sharp...

  • Shipping movements

    The following ships are expected in Malta: The MV Eurocargo Venezia from Catania to Genoa (Sullivan Maritime), the Sainty Vogue from Sfax to Annaba (CMA CGM Malta Agency Ltd) and the Rio Blanco from Port Tangier to Alexandria (Thomas Smith and Co.

  • BOV share price records 3-day positive streak

    BOV share price records 3-day positive streak

      Following the minimal drop of 0.05% last Monday, the MSE Share Index rebounded strongly as it gained 0.67% to a near two-week high of 4,685.930 points today, mainly reflecting the gains in the share prices of BOV (+2.6%) and HSBC (+1%) which...

  • Facebook expands Marketplace trading service across Europe

    Facebook is stepping up its moves into e-commerce by expanding its service for connecting local buyers and sellers into 17 new European markets, the US company said this week. Marketplace, which sits alongside Facebook’s mainstay newsfeed, photo,...

  • Uber resumes services in Philippines in defiance of suspension order

    Uber Technologies Inc resumed its services in the Philippines this week, defying a regulator’s order that had suspended the ride-hailing firm’s services for a month in the Southeast Asian nation. The Land Transportation Franchising and Regulatory...

  • Britain proposes new customs deal

    Britain outlined plans for a future customs agreement with the EU yesterday and an interim deal to ease companies’ Brexit concerns, proposals one senior EU official described as “fantasy”. After a slow start to negotiations to end more than 40...

  • China says it will defend interests if US harms trade ties

    China says it will defend interests if US harms trade ties

    China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said yesterday, after US President Donald Trump authorised an inquiry into China’s alleged theft of intellectual property. Trump’s...

  • May to lead business delegation to Japan

    May to lead business delegation to Japan

    Prime Minister Theresa May will visit Japan this month for talks with her Japanese counterpart Shinzo Abe to discuss Brexit, trade and defence, her office said yesterday. May will lead a business delegation drawn from a range of different sectors...

  • US dollar and yields up on data

    The US dollar and US Treasury yields rose yesterday while Wall Street indexes were flat after solid retail data and North Korea’s leader delayed a decision on firing missiles. US data showed the biggest increase in retail sales in seven months in...

  • Barclays closures add to toll of vanishing British bank branches

    Barclays closures add to toll of vanishing British bank branches

    Barclays plans to close around 54 branches by the end of the year in an effort to cut costs, further reducing access to banking services for customers in parts of Britain. The bank, along with other British lenders, is cutting back its network as...

  • Air Berlin goes bust after Etihad withdraws support

    Air Berlin goes bust after Etihad withdraws support

    Air Berlin, Germany's second-largest airline, filed for bankruptcy protection today after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs. The move offers Lufthansa and rivals a...

  • China a sweet spot for US companies’ earnings in Q2

    China a sweet spot for US companies’ earnings in Q2

    Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year. Whether they sell construction equipment, semi-conductors or coffee, many major US...