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  • Bank of England comes closest to voting for a rate rise since 2007

    Bank of England comes closest to voting for a rate rise since 2007

    The Bank of England’s Monetary Policy Committee came its closest to voting for a rate rise since 2007 this week, after the central bank unexpectedly said three of its policymakers backed increasing interest rates. External MPC members Ian...

  • Deutsche Bank outlines organisation of revamped investment bank

    Deutsche Bank outlines organisation of revamped investment bank

    Deutsche Bank has outlined clearly differentiated roles for the co-heads of its revamped investment bank to make it more efficient and is also creating a new global markets division. In an e-mail to employees on Wednesday, Deutsche Bank said it...

  • Growth worries, US and UK rate hints hit shares

    Stocks fell in Europe and Asia yesterday as investor concern over the pace of economic growth hit shares in mining and retail sectors while the prospect of tighter monetary policy in the United States and Britain pushed up the dollar and bond...

  • Santumas share price jumps to new record high

    The share index erased some of yesterday’s declines as it rebounded by 0.28% to 4,652.167 points. Four equities closed the day in positive territory, two trended lower whilst HSBC maintained the €2.05 level across 54,125 shares. Santumas...

  • Farsons to propose spin-off of Trident Estates Ltd

    Farsons to propose spin-off of Trident Estates Ltd

    Last week, shareholders of Simonds Farsons Cisk plc received the 2017 Annual Report and all other documentation ahead of the annual general meeting taking place on June 27. Apart from the customary resolutions including the approval of the...

  • France’s EDF picks new head of UK unit

    French utility EDF has appointed an Italian who heads its international operations to run its British unit that is handling the construction of two new nuclear reactors, EDF said. Simone Rossi, 47, will take up the post of chief executive at EDF...

  • Verizon closes Yahoo deal, Mayer steps down

    Verizon closes Yahoo deal, Mayer steps down

    Verizon Communications Inc said yesterday it closed its $4.48 billion acquisition of Yahoo Inc’s core business and that Marissa Mayer, chief executive of the internet  company, had resigned. The completion of the acquisition marked the end of...

  • Oil tumbles, stocks follow

    Oil prices tumbled yesterday after an unexpectedly large buildup in gasoline stockpiles and the US dollar fell after weak data made investors question the current path of interest rate increases from the Federal Reserve. Energy stocks led Wall...

  • Shipping movements

    These ships are expected in Malta: The Adamastos from Algeciras to Beirut, the Green Fast from Skikda to Annaba (Thomas Smith Shipping Ltd), the Karina from Tunis to Tunis (CMA CGM Malta Agency Ltd) and the MV Eurocargo Malta from Genoa to Cataina...

  • Regulation and integrity

    Managing funds, portfolios and/or investment accounts requires a great deal of investment knowledge over and above familiarity with ever-changing regulations. Many could say that managing investments in the 80’s and 90’s generated far greater...

  • Rise in passenger volume

    Rise in passenger volume

    The total number of passengers handled by the Flughafen Wien Group (Vienna Airport, Malta Airport, Kosice Airport) last month increased by 7.5 per cent to 2.8 million travellers. The accumulated passenger volume in the period January to May showed...

  • Female entrepreneurs

    Female entrepreneurs

    She Started It, an award-winning documentary following the trailblazing stories of five women web entrepreneurs, was shown in Malta. For the occasion, 70 like-minded individuals had the opportunity to enjoy the exclusive screening at St James...

  • Manchester, London attacks hit demand for attractions such as Madame Tussauds

    Merlin Entertainments, operator of Madame Tussauds waxworks and other attractions, has seen a fall in demand from domestic tourists following recent attacks in London and Manchester and said  foreign visitors could stay away in the coming...

  • Qatar ‘comfortable’ despite the sanctions, markets stabilise

    Qatar ‘comfortable’ despite the sanctions, markets stabilise

    Qatar’s financial markets stabilised on Monday after a week of losses as the government showed it could keep the economy running in the face of sanctions by its neighbours. The finance minister of the world’s richest country per capita played down...

  • Stocks and US bond yields rise as Fed meets

    World stock markets rose with bank shares and short-dated United States bond yields hit multi-week peaks yesterday as investor focus turned to the Federal Reserve’s monetary policy meeting. Technology shares also edged higher yesterday after a...

  • Online supermarket Ocado to raise funds to support growth

    Online supermarket Ocado to raise funds to support growth

    Britain’s Ocado plans to raise at least £350 million from issuing bonds and making changes to its banking facilities, money that the online food retailer will use to expand capacity and develop software, it said yesterday. Ocado, which last week...

  • Macron majority could help eurozone growth

    Standard & Poor’s is likely to raise its growth forecasts for France and the eurozone after Emmanuel Macron’s election as President and expected big victory in parliamentary polls, the rating agency’s chief European economist said...

  • Money market report for the week ending June 9

    On June 8, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO) and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at...

  • Recharges: VAT or no VAT?

    Recharges: VAT or no VAT?

    Value added tax is a system which is meant to be fully neutral to businesses engaged in activities which are subject to VAT. As such, it should not influence their business decisions nor distort their operations in any way. In reality though, even...

  • Business confidence plummets as political crisis grips Britain

    Business confidence plummets as political crisis grips Britain

    Britain’s descent into political crisis just days before Brexit talks begin has sapped confidence among business leaders and infuriated bosses who were already grappling with the fallout from the vote to leave the EU. The failure by Prime Minister...