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  • Trump storm strikes global stocks again

    Swirling uncertainty over US President Donald Trump’s political future saw world stocks extend their steepest fall in over six months yesterday, though there were signs of stabilisation elsewhere as the dollar and gold steadied. Reports that Mr...

  • Strong European capital market needed

    Strong European capital market needed

    Europe needs a strong capital market to maintain independence from the United States and in light of Britain’s decision to leave the European Union, the chairman of Deutsche Bank’s supervisory board said. Paul Achleitner, in an interview with...

  • The dividend league table

    The dividend league table

    Following last week’s article on the ROE league table, I am now publishing the updated dividend league table. Presumably, this is a more popular financial indicator used by many local investors due to their main objective of generating a regular...

  • EU starts legal action against Italy over Fiat Chrysler emissions

    The European Commission launched legal action against Italy yesterday for failing to respond to allegations of emission-test cheating by Fiat Chrysler, in a procedure that could lead to the country being taken to court. The Commission said Italy...

  • S&P down on Trump concern

    US stocks and the dollar fell while bond prices rose yesterday as reports US President Donald Trump raised questions about his ability to deliver on tax and regulatory reform. All three major US stock indexes were down more than one per cent, with...

  • Shipping movements

    These ships are expected in Malta: The MV Eurocargo Malta from Genoa to Catania (Sullivan Maritime) today. The Maersk Regensburg from Algiers to Annaba (Thomas Smith Shipping Ltd) and the Kriti I from Palermo to Palermo (Gollcher Co Ltd)...

  • Share index drops to a fresh 2017 low

    Share index drops to a fresh 2017 low

    The share index declined by 0.58% to its lowest level this year of 4,601.110 points as the drops in the share prices of four equities (including those of IHI and BOV) outweighed the marginal gain in HSBC. Meanwhile, another four equities closed...

  • Scoring a profit

    Scoring a profit

    English Premier League footballclub Manchester United raised its full-year revenue and profit forecast for 2016-2017 as it prepares for the Europa League final next week. United, whose best known players include Paul Pogba and Wayne Rooney, said...

  • Asos warehouse fire destroys stock worth millions

    British online fashion retailer Asos Plc said yesterday a fire at its warehouse outside Berlin destroyed stock worth about €7 million. The company’s Eurohub 2 distribution centre had about seven million items in stock when the fire broke out at...

  • Travel still strong but global patterns are ‘changing’

    Travel still strong but global patterns are ‘changing’

    Tourism worldwide grew by four per cent to 1.1 billion arrivals last year but experts have noticed a change in global patterns and recorded “stagnation” in travel to Europe. “We are living in turbulent times. It’s not easy both for travellers and...

  • Advertising regulations for professionals

    Dentists cannot be absolutely prohibited from advertising their services, the Court of Justice of the European Union (CJEU) has recently ruled. This does not mean, however, that the relevant national association cannot supervise the form and...

  • Euro climbs on integration hopes

    The euro hit a six-month peak and German stocks touched a record high yesterday as signals on further European integration contrasted with political turmoil and fresh doubts about the economy in the United States. The euro’s rally was reinforced...

  • Suspension of listing and trading of 6pm securities extended

    Suspension of listing and trading of 6pm securities extended

    The Malta Financial Services Authority has extended the suspension of the listing and trading of 6pm Holdings securities up to May 29. In a statement on the Malta Stock Exchange this morning, the MFSA said the suspension - of MT0000350109 Ord 20p...

  • EU says investment deal with China ‘urgent’

    EU says investment deal with China ‘urgent’

    The need for an EU-China investment agreement is urgent and would be the easiest way for Chinese President Xi Jinping to meet pledges of making China’s economy open to the world, European Commission vice president Jyrki Katainen said yesterday. Xi...

  • Premier Capital exceeds €200 million turnover

    Premier Capital exceeds €200 million turnover

    Premier Capital plc, the Maltese-owned developmental licencee for McDonald’s in six European markets, has registered turnover in excess of €200 million for the year ended December 31, 2016. Turnover more than doubled year-on-year following the...

  • Dubai plans €1.5bn tourist project

    Dubai plans to develop a 6.3 billion dirham (€1.5 billion) tourist resort on two man-made islands it will build either side of the Burj Al Arab, its luxury sail-shaped hotel. It is the latest development planned by the emirate as it aims to...

  • Cybersecurity stocks rise after global ‘ransomware’ attack

    Cybersecurity stocks rise after global ‘ransomware’ attack

    A global ‘ransomware’ attack disrupting factories, hospitals, shops and schools spurred European investors yesterday to buy up stocks expected to benefit from a pick-up in cybersecurity spending. The cyber attack began spreading across the globe...

  • Company briefs

    Kindred Group’s Legal and Compliance (previously Unibet Group) secured three prestigious awards at the Global Regulatory Awards hosted by Gambling Compliance in London, recently. Kindred Group has been a leader in the online gambling industry for...

  • Firmer crude price lifts stocks, hurts US dollar

    Commodity-linked stocks and world currencies got a lift yesterday from a surge in crude oil prices after major producers Saudi Arabia and Russia said they would extend oil supply cuts into 2018. Energy ministers from the world’s top two oil...

  • Money market report for the week ended May 12

    On May 8, 2017, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on May 9 and attracted bids from euro area eligible counterparties of €13.68 billion, €0.75 billion lower than the bid...