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  • Turning a new leaf

    Turning a new leaf

    Some weeks ago I had written about the possible consequences of global warming, one of which is the melting of glaciers in the Arctic, the most northern region of the world. I had argued that if this were to happen, it would open up a route for...

  • Customer favourites are back

    Customer favourites are back

    Emirates has introduced new toys from the Emirates Fly with Me collection and Lonely Planet Kids activity kit bags for children travelling in all classes. The new range of toys will come in the top four favourite characters, as voted by customers...

  • Bank of Valletta supports Malta-Japan Chamber of Commerce

    Bank of Valletta supports Malta-Japan Chamber  of Commerce

    Bank of Valletta is supporting the newly set-up Maltese-Japan Chamber of Commerce, a non-profit organisation focused on strengthening commercial exchanges between Japan and Malta. The collaborative agreement was signed during the recent trade...

  • Oil, copper slip as US-China trade row escalates

    Oil and copper prices slipped yesterday as the US-China trade dispute escalated while global equity markets traded slightly lower as gains in US technology shares offset declines in commodity and trade-sensitive shares. The United States and China...

  • Lombard Bank profits grow

    Lombard Bank profits grow

    The Lombard Bank Group said on Thursday that it made a profit before tax of  €6.1m in the first six months of 2018, compared to €4.7m in the same period last year. Activity remained strong and profitable in all significant business lines of both...

  • Current economic review: US and Europe

    The US economy has achieved positive readings for growth, inflation and employment. The stimulus effect from tax cuts led to a higher growth in the second quarter of 2018 and could be maintained for at least another quarter. A gradual rise in both...

  • Not quite the summer lull

    Not quite the summer lull

    The summer season is normally characterised by weak trading volumes across the local stock market. It is now mid-way through the third quarter of the year and an analysis of the trading activity during the past seven weeks reveals that it is not...

  • Maltese leading role in the adoption of the IMO climate change strategy for shipping

    Following years of negotiations, in April 2018, the International Maritime Organisation (IMO) adopted a strategy on the reduction of greenhouse gas (GHG) emissions from ships aiming to reduce CO2 emissions from shipping by at least 50 per cent on...

  • Trump legal woes, trade talks cause nerves

    Stocks faltered and bonds rose yesterday as United States President Donald Trump’s political position was threatened by two former advisers’ legal woes, while the US dollar headed for its sixth straight day of losses. Investors had a lot to digest...

  • Shipping movements

    The following ships are expected in Malta: The APL California from Port Said to Aliaga, the CMA CGM Musca from Genoa to Beirut (both CMA CGM Malta Agency Ltd), the MV Eurocargo Venezia from Genoa to Genoa (Sullivan Maritime), the Maersk Labrea...

  • Don’t be afraid to invest in the equity markets

    Many investors are asking their advisors whether equity markets have peaked. Investors are afraid of expensive valuations, trade tariffs, Turkey, slowing growth in China and the Flattening of the US Yield Curve. Below I will go through each of...

  • Trump’s Fed attack sees dollar dive and emerging markets rally

    Critical comments by US President Donald Trump about the country’s central bank saw the dollar fall for the fourth straight day in its worst spell since March, boosting emerging market stocks and currencies in the process. In an exclusive...

  • Are credit ratings worth the bother?

    Put simply, a bond (fixed income instrument) is a financial instrument which relates to a transaction generally between two parties; the investor (bondholder) and the borrower (bond issuer). In other words, a bond is the loaning out of monies...

  • The judicial sale by auction of the Indian Empress

    The judicial sale by auction of the Indian Empress

    The sale of the Indian Empress in June attracted the attention of the global superyacht community and international brokers, international yachting media, potential owners, and creditors of this yacht are watching the space very closely. This...

  • Money market report for the week ending August 17

    On August 13, 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 €2.74 billion, €0.01 billion lower than the bid...

  • Fimbank Group profits up 47%

    Fimbank Group profits up 47%

    The Fimbank Group has announced an after-tax profit of $6.1 million for the first six months of 2018, an increase of 47 per cent on the $4.1 million registered during the same period in 2017. These figures emerged from the publication of the...

  • Cautious optimism for US-China trade talks lifts shares

    A gauge of global equity markets rose yesterday on hopes the US-China trade dispute will cool at talks this week, while Turkey’s lira fell anew after cuts to the country’s credit ratings and shots were fired outside the US Embassy in Ankara. Wall...

  • Ratings agency expects Malta finances to improve, economy to decelerate

    Ratings agency expects Malta finances to improve, economy to decelerate

    Ratings agency DBRS says it expects Malta's financial situation to continue to improve, even if economic growth will decelerate. DBRS on Saturday confirmed Malta's long-term rating at A (high) and medium-term rating at R-1 (middle), with a stable...

  • Banks’ half-yearly results

    Banks’ half-yearly results

    The major local banks’ half-yearly results were this year reported against an unusual backdrop when the rating agency Standard and Poor’s (S&P) showed concern about “allegations of money laundering against Pilatus Bank, a small Malta-based...

  • Shipping movements

    The following ships are expected in Malta: The Eemsdijk from El Khoms to Suez Canal, the Durande from Aliaga to Annaba (both CMA CGM Malta Agency Ltd), the Maersk Arizona from Bejaia to Skikda, the Maersk Arun from Algiers to Gioia Tauro, the...